by Justin Grensing, Esq., MBA
Entrepreneurs are typically very passionate about the companies they found. Some even take on a quasi-parental mentality. This is understandable. After all, many of these entrepreneurs pour their life savings and countless hours of work into getting their businesses off the ground.
But the skills that make a good entrepreneur are not always the same skills that help guide an established company. (more…)
In business even the biggest companies don’t always get it right. Things move quickly in the business world and we’re all operating in a very fluid, and volatile, environment. While it’s easy, in hindsight, to be critical of the blunders that even the most powerful organizations in the world fall prey to, it’s important to keep in mind how pressure often gets in the way of making a thoroughly thought-out decision.
Sometimes, of course, the pace of change prevents the level of research and analysis that some might feel most comfortable with. Business leaders need to have sound instincts for making snap decisions that could have enormous implications for the business, its shareholders, its employees and its customers.
Here are three ways to help find the right balance between intuition and thoughtful decision to boost the odds that you’re more often right, than wrong. (more…)
It’s not easy starting a small business. One of the reasons entrepreneurs are so admired by the rest of society is because of the risk involved in striking out on one’s own. Many leave the stability and certainty of a salary, health insurance and a retirement plan to bet the farm on a venture they are confident in and passionate about.
Unfortunately, many of these intrepid business people fall prey to some very avoidable pitfalls. (more…)
Inc. magazine recently put out an entertaining list called “Top 9 Brand Blunders of All Time.” Most of these blunders were one-off decisions or short-term campaigns that had a major—and negative—impact on an established brand. These blunders highlight some key mistakes, both practically and conceptually, when it comes to branding. (more…)
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