How to manage change
The big question is how to manage change? Well, it is not a matter of time; it’s a matter of commitment. If you want to provoke change, create a proper culture. Instead of taking control, give it away. For you to create an appropriate culture, you must reduce control systems. Control is achieved when people […]
Having a clear profitability model
Having a clear profitability model is very important. It explains how a company makes money while creating value for the client at the same time. The business model should not only help you to serve your client distinctively, but it must also pursue that the company gains a high return for shareholders. The DuPont formula […]
When to Take Your Business Global
Taking your business global holds the promise of new markets, a larger client base, and bigger profits. However, no company should rush headfirst without adequate preparation. In a previous article we discussed ways for investors to evaluate the best business to buy. In this instalment, we will provide you with four ways you can evaluate […]
A Winning Mentality in Business: How to Create it
Successful entrepreneurs are bold and audacious in their goal setting. If you want to create a winning mentality in business, start thinking big. The larger the audience you can connect with, the more relevant your organization will become. It seems obvious to suggest that in order to achieve goals, you must set them first. Goals are […]
Source of Innovation for Large Companies
Innovation and Competitive Advantage We are in a business world where every day there is more competition and more challenges for companies. It is in this complex environment that innovation transforms into the primary source for competitive advantages. Recall that a competitive advantage is a characteristic that develops companies and allows them to differentiate themselves […]
Target customer, who is it?
Do you know how to decide who your target customer is? In this article we give you some suggestions to help you answer this question. We will also talk about how to deal with competitors after having analyzed what the customers want. What kind of customer do you want to serve? You must choose which […]
React to your company’s need for capital before it is too late!
The need for an increase in capital to stay competitive is very common. It is possible that the business owner, especially when he or she is already in an advanced stage of life, will not be willing to reinvest capital that has already been extracted from the company. Before this, he prefers to exit the […]
Do you have a clear profitability model?
The profitability model explains how a company makes money while creating value for the client at the same time. The business model should not only help you to serve your client distinctively, it must also pursue that the company gain a high return for shareholders. How to identify your profitability model The DuPont formula helps you […]
Does Your Business have a Strategy?
What a real business strategy looks like Every time I speak with a client or mentee for the first time, they start by explaining their strategy. More often than not I have to stop them and explain that what they are describing is not a strategy. It is an elaborate fantasy they have created about […]