Every successful business starts with a dream. But it takes more than just having a vision to turn that dream into reality. It may be the vision of a groundbreaking product, a service that changes lives, or simply the desire to create something of your own; it all begins with a spark of imagination.
Quickly Move form Dream to Startup in Seven Steps Read More »
For any startup, establishing a competitive edge is crucial for survival and long-term growth. Entrepreneurs must decide how best to position their business in the marketplace, often choosing between two foundational strategies: comparative advantage and differential advantage.
Entrepreneurial leadership involves more than just taking risks and making decisions; it entails energizing and guiding your team to push boundaries and dream big.
6 Key Entrepreneurial Leadership Skills That Inspire Teams to Achieve Big Dreams Read More »
In an era characterized by rapid technological advancements and evolving consumer behaviors, the future of credit is undergoing profound transformations. Dynamic, data-driven lending that incorporates real-time financial behavior and predictive analytics is replacing traditional credit systems, which used fixed factors like credit history and income for evaluation.
4 Future Credit Trends and Technologies to Keep an Eye on Read More »
The valley can create a temptation for the entrepreneur to quit before they have really begun. They will doubt whether they will ever be successful.
5 Steps Of The Entrepreneur Growth Curve Read More »
The frustrating truth is despite their best efforts most entrepreneurs will fail within 5 years. Of those that manage to survive, the next challenge become finding a way to make lightning strike twice. Traditional thinking is that the second iteration of a business should focus on repeating the founder’s example and vision, with the main emphasis being to do it again. However, in today’s complex world where competitors could exist around the corner or around the world, any business that is not constantly innovating is at risk of perishing. At some point every entrepreneur runs out of ideas or just falls into a rut. When this happens, the entrepreneur needs a divergent voice to help reinvent the business.
Fostering a Culture of Innovation Read More »
In business, no one can do it alone. Complex decisions require teams with different expertise to come together. When the team optimally weights its expertise, they stand the best chance of reaching the correct decision. The greatest risk to optimal weighting is when a member’s perspective is not considered in the decision.
5 Principles For Effective Discussion With Divergent Voices Read More »
The many dangers of working exclusively with individuals who think alike are well documented. Group Think leads to a reduction in critical thinking. The members self-censor and do not share their concerns or ask questions. The logic is that if their concerns were valid someone else would have raised them.
Why likeminded people are not always good for business startups Read More »
Different cultures tend to have different perceptions of what an ideal father-son relationship looks like. And it’s easy to project our own view of what our relationship with our Heavenly Father should look like BASED upon what our relationship with our earthly father was like.
Love, Fear, and Business Leadership Read More »