BY TY KIISEL | BIZ TIPS CONTRIBUTOR
Should small business owners consider blogging and social media to promote their businesses? Yes—and maybe, provided you do it right.
About 53% of CEOs said that they see a lack of skills as a major challenge facing their organization. Nearly 55% of workers feel pressure to acquire new skills. But here’s the catch, only 25% of them actually feel like they are getting the support that they need. It’s simply not working. We’re not preparing for the future if we don’t invest in the present.
Now that our neighbors to the north have legalized same-sex marriage with Referendum 74, supporters hope Oregon will do the same on the next ballot in November 2014. The economic impact to Oregon could number in the millions.
For 10 years, Jill struggled to make a profit. At over $8 million in sales, her specialty call center should have been providing her with annual profits of 8-12% or between $640,000 and a million dollars. Instead she paid herself a “good-enough” salary and saw profits trickle in at 1/2% — just $50,000. She didn’t own a business, she owned a job. Jill had done strategic planning of the “blue sky” variety many times. That kind of planning is worthless, says leadership expert Tom Cox.
During a talk at the Portland Business Alliance Forum, Oregon economist John Mitchell predicts slow progress for 2013, long-term stagnation and an epic clash of generations.
HP's profitability is getting crushed and Microsoft's Windows 8 gamble hasn't exactly revolutionized the computing world. Each of these companies has pursued a misguided path in the name of "strategy". The truth is that this direction wasn't a viable strategy for either company because it didn't address the real problems either one faced.
Good strategy lets you outmaneuver your bigger competitors. Bad strategy can sink your business. Here are three insights from leadership expert Tom Cox that you can use to harness strategic thinking and planning for your small business.