Building a business is a process that requires careful attention to many individual points, all with the goal of increasing customers, improving products, and building profit. There are many elements that contribute to the ability of a company to grow. One key area to focus on is the budget. From the foundation of the business, a well-planned budget can create a financially sound business with clear directions. To achieve that, consider these nine key ways to create an effective budget that spurs and guides the growth of your company. Read more
Article Found on Knowridge Science Report
Few companies or organizations are looking to fail when they plot a new strategy. However, turning a blind eye to the possibility that a strategy may fail can have disastrous consequences.
According to Rita McGrath, a professor at Columbia Business School and leading expert on strategy and disruption, there is an “intelligent way of failing” that can leave organizations stronger.
Professor Rita McGrath, Faculty Director and Associate Professor of Management at Columbia Business School, concluded that with a strategic approach, you can use failing work to your advantage. Failure doesn’t have to be a setback. When learning from it, it can point you in the right direction. Read more
Article By Andrew Griffiths | Found on Inc.com
In business most of us are pretty good at allocating money for the bills, things that have to be paid, perhaps buying new equipment, new resources to use around the office, staff training and all kinds of fairly tangible expenses (as much as we might not enjoy paying them each month). But how much do we allocate each week/month/year for our own personal growth and development?
If we don’t budget for these things, it may be because we don’t see any value in them. One thing I’ve learned over the years is that the success of a business really is directly related to the state of mind of the person in charge. And we need to do everything we can to make sure our state of mind is as good as it can be, all of the time. Read more
Article by Laura Shin | Found on Forbes
Fueled by speculation that a bitcoin ETF could be approved by the Securities and Exchange Commission in the next week or so, the price of bitcoin has risen steadily, finally surpassing the cost of an ounce of gold on Thursday.
The market capitalization of all outstanding bitcoin also surpassed $20 billion for the first time in bitcoin’s history, according to Coinmarketcap.
The SEC is expected to make a decision on a bitcoin ETF proposed by Tyler and Cameron Winklevoss, the former Olympians who now run the cryptocurrency exchange Gemini and venture fund Winklevoss Capital, by March 11.
Article by Derek Shoettle | Found on INC.COM
It’s natural to assume major players, from Salesforce to Facebook, will always have the advantage over the little guys. But even those two giants started small and had to battle larger companies on their own path–think Oracle for the former, and every single social media website (e.g. MySpace) for the latter.
Figuring out how to play ball with these larger companies can accelerate the path to growth–and one day becoming a larger industry player yourself. In understanding how these companies accomplished it, you can set yourself up for success even in markets with seemingly unassailable incumbents.
By Quora | Found on INC.COM
You’ve heard of people like Elon Musk and Jeff Immelt (General Electric CEO). Reading about them leads us to assume that business greatness requires little sleep and even less time with loved ones. Immelt, for example, has worked.
But is that the true way to reach success? To sacrifice everything else in your life, from your health to your relationships, just to achieve career success?
There is a better way.
Article by John White | Featured on INC.COM
Before I invested in my personal brand, I was in a field I no longer liked and working for a company that didn’t listen to a single one of my ideas, EVER. I was in a major career slump, and I needed to pivot in a big way. I decided that going all in on developing my personal brand was the way to get back to doing something where I felt fulfilled and challenged. Now, I run my own social media marketing company, and I wake up every day excited to be investing in my future.
Recently, I’ve had some conversations with several people online that insisted that they don’t have a personal brand. What I told them is that whether they like it or not, if they’re in business they have a reputation. Today, that reputation extends online.
It’s up to you on how you manage that reputation. Those that are serious about their reputation are using social media to grow their business and used their personal brand to become influential in their field.
Consumers have been over-marketed to by companies, and they have become resistant to many traditional forms of advertising. Research shows that people are now more likely to be influenced by individuals more than organizational marketing. Thus, it’s more important than ever to have a personal brand.
Here are the eight life changing steps I took to use my personal brand to help me pivot into doing something I love for a living:
Apple is planning a large-scale expansion of its Prineville, Oregon data center, according to The Oregonian. The report claims Apple is likely to expand upon its current 338,000-square-foot data center with a matching facility and massive solar array this year, after Oregon governor Kate Brown signed a tax bill last week that will exempt Apple and other tech companies from facing millions of dollars in additional property taxes.
Over the past year, private companies grew sales 8.6 percent and are seeing their highest net profit margin in three years, at 6.6 percent, according to a new report from the financial information company Sageworks.
The report found that private companies are entering the New Year with strong profitability and healthy sales growth. Read more