How do you add more value for your customers? The Five Friends share insights you can use today.
Old-school, non-tech companies in every industry are wondering if they should reinvent themselves as technology companies. Conference presentations and business articles are telling them that there is no other choice considering the pervasive, disruptive presence of technology in every industry. This is an easy and sexy meme to embrace. It [...]
Taxi companies have been knocked down by ride sharing companies wielding technology and ease that customers adore. To paraphrase Mark Twain, however, the death of taxi cabs and taxi companies has been greatly exaggerated. Across the United States, taxi companies are doing their best Rocky Balboa impersonations and getting up [...]
Attracting new business doesn't stop even when you are short on funds. The Five Friends share insights on how to keep generating business without a huge financial investment.
Thinking about starting a business? The Five Friends share ideas that you need to remember if you want it to be successful.
The Five Friends weigh in with lessons that every entrepreneur should never forget. These lessons apply if you own a business, run a business, or manage a team within a business.
Sooner or later, your business will probably die. The statistics for a start-up business are well known—50 percent fail within the first five years. Even the biggest companies are not immune from eventual obsolescence, however. The average life span of a Fortune 500 company is only 40 to 50 years. [...]
The scariest change and potential disruption on the horizon is the one that you never see coming. The most effective leaders and organizations minimize the potential for chaos by operating in a positive state of perpetual awareness and apprehension. The least effective act as if they are afraid. Which one [...]
Why you? Why now? What makes you relevant? Options are everywhere and being good is the minimum expectation. Why should I pay attention to you rather than hit the “Next” button? Unfortunately, most people give the wrong answers. Your company’s products, service offerings, work processes, and compensation plans are not [...]
You can’t cut your way to growth. Profitability? Yes, at least for a while, but growth is a completely different animal. Growth requires increasing the top line and there are only four basic ways to accomplish that: Sell more of the products or services you currently offer Sell additional products [...]