There are going to be many businesses that do not come back from this pandemic, not because of the lost revenue, but because of their lack of character during the crisis. Difficult times often reveal a person’s true character, the same goes for a business. I have been amazed at the self-serving behavior that some…
Tag Archives: Decision Making
Communicating Without Walls
Effective Communication In A Virtual Team One of my clients is 100% virtual, meaning there is no office, there is no place to go to every morning, no water cooler to gossip at, and no one to brainstorm with. 100% virtual also means you can work when you want as long as you meet your…
What makes good data policy?
The Bain 400 I recently read a white paper from Bain & Company titled “The value of Big Data: How analytics differentiates winners”. The paper explained the results of a survey Bain did with 400 companies from around the world, most with revenues of more than $1 billion. The paper explored their data, data policy and analytics…
Final Four
Make Your Picks Whose going? Since we had so much success picking Oscars winners, figured we’d do the same for the Final Four. Make your selections below and I will post the results later this week.
Negotiate Value
Daily Negotiations How often do you negotiate? I bet it is more often than you think. Negotiating happens every day and in every facet of life. Most people associate negotiating with price. How much can I get the other party to come down on price (or how much can I get the other party to pay)?…
Opportunity Cost of Your Time
How much is your time worth? $10 per hour? $50? $500? For a business owner, this is a critical figure to know. When you know what your time is worth you are able to calculate how much time-consuming activities cost you in terms of dollars and cents. Here are two ways to calculate: Replacement Cost How…
New Year, New Goals, New Strategy
Welcome to 2016 A new year is often a time for small business owners to reflect on the last 12 months (what went well last year, what didn’t) and a time to plan and set goals for the next year (what needs to be accomplished this year, where do I want to be in 12…
Big Data ≠ Big Company
Just because you’re not a big company doesn’t mean you don’t have big data. Your data may not be as big, but your data is big to you. Your business is accumulating data every day, from many sources, in many formats and at a fast pace. That’s Big Data. What is Big Data? Let’s start…