For the second year in a row, our training and consulting company, Performance of a Lifetime, has been recognized as one of the Inc. 5000 fastest-growing companies in the U.S. What insights can we offer small business owners for how we achieved the double-digit growth that earned us this distinction? What’s working for us, and … Read more
In business, standing still is moving backward. As a business leader, it is your job to keep your company moving in a forward direction, which often means finding new and exciting opportunities for growth. Regardless of what your business does, it falls into one of three categories: service, merchandise, or manufacturing. The following will help … Read more
Entrepreneurs make thousands of decisions over the lifetime of their businesses. It’s not hyperbole to say that many of those decisions are mission-critical, and there is never a finish line. Founders can never say, “Phew. We made it. We can relax now.” At every milestone, stakes are high—but never more so than in the earliest … Read more
Got an earth-shattering great business idea? Check. Done all the necessary research and looked at the idea from a thousand different angles? Check. Developed a killer business plan? Check. Truly committed to success like you would be to raising a newborn child? Check. You should be all set to start your new business, right? What … Read more
I’ve noticed that when a yoga class becomes extremely challenging, a person’s true colors start to show – there’s a lesson here for when you run into startup business problems. Yoga poses can be very difficult and require a tremendous amount of calm but focused determination. Inevitably, even the most sincere students make mistakes and … Read more
It might come as no surprise that 67% of Americans want to start a business. Maybe you’re one of them, one of the millions that are ready to take the plunge to pursue this “great American dream” and find the right business. We hope so. Before rushing into something that might make you the most … Read more
Since the end of the Great Recession in 2010, minority- and women-owned businesses have been steadily increasing. Although average earnings for businesses owned by women still tend to lag behind that of men, they are seeing large increases year over year. The following factors are causing women-owned businesses to soar to success in 2017: More mentors … Read more
There is no shortage of perspectives regarding today’s younger generations. Millennials, that is, those born between the early 1980s and mid-1990s, are a major topic of review among business leaders. In contrast to the narrative of the “me-generation” that came before them, milllennials are typically seen as innovative, reflective individuals withe plenty to offer the … Read more
Corporate governance concepts are crucial for the long-term success of a business. Listed companies (e.g. those with listed debt or equity instruments) are even required by most regulatory bodies to adopt a code of governance that complies with the minimum requirements of the listing country. This just highlights how important corporate governance is. While it sounds … Read more
Are you acquiring new customers each month, only to lose a substantial amount of existing customers at the same time? Then you’ve got a leaky bucket. Customer churn is simply when your customers quit buying from you. Depending on your business model, customer churn can refer to anything from the cancellation of an account or subscription, … Read more