Understanding the trends and strategies in business lets you think 8 steps ahead. Our contributing writers around the world provide deep insight into a variety of subject matters. Experienced entrepreneurs and CEOs have contributed articles on solving some of the most challanging issues.
Do you know which options you have to position yourself price-wise? In this fourth part of the Business Growth Fundamentals Series, we will take a look at Bowman’s Strategy Clock. Bowman’s Strategy Clock is a model developed by Cliff Bowman and David Faulkner. It is an extension of Porter’s competitive strategy model which only looked […]
Maintaining a profitable service department is one of the best ways to make sure that your dealership turns a profit, even when people aren’t buying vehicles. However, the service department often gets overlooked and lost in the shuffle of daily operations. By doing a few easy things, you can ensure your service department gets the
Creating a More Profitable Service Department Read More »
Are you wondering, why some industries just make more money than others? Are you wondering how you can also make more money in your industry? Read on to find out how to identify a good market with high profit margins. Michael D. Porter, a Harvard professor, invented and published the “Porter’s Five Forces” model in
Business Growth Fundamentals – Porter’s 5 Forces Read More »
Once upon a time, some 20 years ago in Finland, there was a huge company called NOKIA. NOKIA was one of the most profitable companies worldwide when it came to mobile phones. NOKIA? Mobile phones? Ask a 20-year old today which phone models NOKIA produced and they can’t even answer it anymore! But what happened?
Business Growth Fundamentals – Business Growth With SWOT Read More »
How to grow your business? This is a question that is on the mind of many entrepreneurs. Over the next four articles, we are going to make a little tour through four standard economic models that can help you define the strategy for your company. This is essential to build a solid foundation for business
Business Growth Fundamentals – How PEST can set you up for success Read More »
It was a few minutes before 8 a.m. on one of those grey September mornings in Philadelphia, and the very ordinary looking classroom at the prestigious Wharton School of Business was already filled to the brim with students. The classroom was buzzing with excitement as one of the hardest finance courses in the curriculum was
To liquidity and beyond! Read More »
Every business will have experienced issues with clients and staff members. Some clients love products and are great brand advocates. They tell everybody how much they love your products and services. Even their activities are promoting the brand without them actively thinking about it. They are just wildly in love with the brand. Unfortunately, every
Loyalty is a commodity that can be lost Read More »
An entrepreneur usually starts his business with the desire to be independent. People who worked in the corporate environment tend to leave at a certain point in their career. They take with them the corporate style of business.
After a time they notice that this knowledge is not sufficient to scale their business to the next level. They become stuck and build up a frustration that can even lead to a negative mindset. That is where coaching helps entrepreneurs get unstuck and remove the negative energy that makes them eventually sick.
Why you need to design your exit strategy Read More »
Branding validates your marketing. With branding your offers and products will reach your buyers at a greater pace than when you have nothing to offer other than an unknown opportunity. If you have nobody to validate the quality of the opportunity are offering your potential buyers then things become challenging. What is actually branding? When
Why branding reduces the barriers to a deal Read More »
