Category: Business Education

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Business Education

Elon Musk Just Made Every Kid a Shareholder, So Your Business Can Own the Neighborhood

Billionaire gestures typically make sensational headlines. But, they rarely change the daily reality of a Main Street customer or a local family. However, small business owners operate at a scale where a well-chosen gift can deliver faster, more visible returns than a distant stock certificate. The principle is the same. Give people a stake that grows. The difference is that your stake lives next door.

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Business Education

Business Owners Need to Know When Silence Costs More Than the Problem Itself

Sometimes, things go bad. More than a few problems can be virtually paralyzing, causing entrepreneurs to focus on what went wrong. But that puts their attention in one direction. And since you can’t be in two places at once, you end up ignoring or giving very little attention to almost everything else. As a result, even more problems crop up and pile up.

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Business Education

The Largest Grocer in the Southeast Shows It’s Possible to Shut the Doors and Still Increase Profits

It’s counterintuitive to think closing stores could increase profits, especially when you’re demolishing entire buildings and rebuilding those storefronts instead of renovating them. But that’s precisely what the Southeast’s largest grocer is doing. After all, common sense suggests renovating is much cheaper than tearing down buildings wholesale and rebuilding them from the ground up. Yet, it’s happening in real time, and this unconventional strategy is producing confounding results. Here’s why.

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Business Education

The Day You Hire Your 51st Employee, Washington Starts Keeping Score

Entrepreneurs inevitably deal with vendors who promise extras with their product sales, ship those products, then conveniently forget their promises. It could be a slightly deeper discount, free add-ons, or other perks. Regardless of the enticement, the extra never arrives, and sooner or later the customer catches on to the sleight-of-hand sales tactic. The problem is the freebies are never that valuable but still desirable. What’s more, the products are perfect and priced right. However, over time, those empty promises become too much to ignore.

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Business Education

How Small Business Owners Should Handle Vendors Who Always Ship Products But Never Remember the Perks

Entrepreneurs inevitably deal with vendors who promise extras with their product sales, ship those products, then conveniently forget their promises. It could be a slightly deeper discount, free add-ons, or other perks. Regardless of the enticement, the extra never arrives, and sooner or later the customer catches on to the sleight-of-hand sales tactic. The problem is the freebies are never that valuable but still desirable. What’s more, the products are perfect and priced right. However, over time, those empty promises become too much to ignore.

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Business Education

Don’t Let Your Attempt to Hide an Embarrassing Problem Accidentally Advertise It (Like Barbara Streisand Did)

Sometimes, the “solution” can easily be far worse than the problem. We’ve all heard this sentiment in different forms. It’s a crazy but very real phenomenon, and it goes against intuition. After all, what could possibly go wrong? Well, a lot could and probably will go wrong. That’s because there’s just no way to plan for every plausible (and implausible) contingency. Still, a circumstance we know we should handle a certain way deep in our gut is too unbearable to let play out. So, we go against our instinct, fearing it will backfire, and then watch in horror as it blows right up in our face.

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Business Education

The LIV Golf Bankruptcy Is a Great but Cautionary Tale Small Business Need to Know and Heed

LIV Golf isn’t (err, wasn’t) exactly a household name, thought that failure certainly wasn’t for a lack of trying, and definitely not for a lack of funding. The tour debuted in early June of 2022, and after spending an estimated $5 billion, the enterprise announced its intention to file Chapter 11 bankruptcy only 4 years later. This, despite the organization streamlining the game of golf and bringing some of the biggest names in the game. Still, all that wasn’t enough, even though it started strong and looked like a real powerhouse.

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Imagine Selling Your Business…

How Would Your Life Change?

You didn’t start your business just to stay busy—you built it to create freedom, security, and options for yourself and your family. Selling your business can be life-changing, but the real question is whether you’re intentionally building toward that outcome or simply leaving it to chance.

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