In our quest to build an empire, we are often tempted to rush through relationship and just do it ourselves. During my many mistakes I have learned that the best way to build your empire is to collaborate and build relationships. Collaborating is not easy, you have to bring something to the table; so here are the secrets to successful collaboration as a small business. I … [Read more...]
You’re the Bully
In leadership positions, we all find ourselves in situations where we have to take a difficult position and enforce it. The problem is when we enforce decisions with a dictator-esque style of leadership. A leaders creates a creative atmosphere and develops future leaders, if you have every uttered the line “not everyone is going to agree with or like my style of leadership”, … [Read more...]
Oh My! At Look at Mayer’s Leadership
No one said Marissa Mayer’s journey into Yahoo would be easy, but there have been some controversial moves made by tech maven. A lot of articles are taking shots at Mayer left and right, but I believe that there’s a method to the madness. She is going for long-term survival. Here’s what small business can glean from this year of leadership challenges. Who you fire … [Read more...]
How Small Businesses Fail
I recently had a conversation with a colleague about the way we disadvantage ourselves in business. Now I know this is a touchy subject but hear me out, I have something to say about this. As a minority business owner it’s really easy for me to assign blame and scream that it’s not fair but there’s no education in that. While I am not going to pretend that everything if … [Read more...]
Small Business Lessons from Black Friday
For years now Black Friday has been the best sales day of the year for a lot of small businesses. This Thanksgiving however, what I noticed were not the great deals or the savvy shoppers. I noticed the grumpiness and discontent of the people that had to work, the increased security in the malls and the general cynicism of the average shopper. So what can small business learn … [Read more...]
The Business of Deceit
We all know that a sweet lie feels better than a hard truth, but in business it’s supposed to be all about the facts. In a world where perception can be skewed as quickly as a tweet is posted, how can you make sure that your business is telling you the hard truth all of the time? The truth is that you can’t. You can’t make sure that everything that reaches your eyes is beyond … [Read more...]
The New Business Credit
One of the most difficult areas to maneuver as an entrepreneur is getting your hands on the cash you need when you need it. Capital is a tricky thing, you never have it when you need it and what you do have is never enough. So what’s a small business to do? Well, enter Lendo Limted. This caught my eye in the Wall Street Journal and here’s we entrepreneurs need to know… It’s … [Read more...]
Selling Your Soul
As an entrepreneur I got into this game to make more money for myself, like everyone else. The thing that I face continuously is should I make the sale or save my soul. The answer is surprisingly easy for me, I save my soul every time. I’m hoping that I rack up enough business karma to hit my goal of a $350m company, but in the meantime here is how I measure the situation. Why … [Read more...]
How to Make Being a CEO Work for You
As an entrepreneur I can’t lie it seems like we have a lot of perks. We think that it’s great because we make our own schedules, we don’t have to answer to anybody and we can set our own fees but let’s be realistic here. The truth is we have none of those things. We do answer to someone, they are called clients and they determine if we will be around to answer to anyone else. … [Read more...]
Can Small Business learn from the American Airlines Merger?
There is a theory in some circles that small businesses just don’t have what it takes to compete with big business and when we are invited to the table we don’t know what to order. The American Airlines merger gives us a great example of what do look for in a partnership and what we should avoid. Here are some lessons we can take away from the merger. Choose your partners … [Read more...]