“It’s cyclical.” This statement applies to so much in our world. From interest rates to fashion trends, from climate to markets, so much of what we see, hear, do, say, and feel is cyclical. In meeting with commercial bankers recently, here are some of the points I took special note of in the conversation: Many […]
Elasticity is an economic term that assesses the change in demand of a good or service relative to changes in other factors, such as price, consumer income, or supply. Goods and services are said to be elastic when they are more sensitive to changes in other factors. Examples of elastic products and/or services would be new […]
Networking…it is critical to the success of many businesses. Numerous companies have become global juggernauts just by being a networking platform (Ref. LinkedIn, Facebook.) “Social Media” is built on connecting people in one way or another. However, nothing replaces person to person interaction. Recently, the Canadian Association of Farm Advisors (CAFA) hosted a conference in Regina. It […]
It has been said that whoever enters the room with the greatest intentionality will win. While I disagree emphatically with any win-lose proposition in business, the heart of the message shines through: intention wins the day! What type of growth has your business experienced over the last 5 years? Was it intentional, or did it […]
Where are you looking? As an entrepreneur, there are numerous issues clamoring for your attention. Which ones get your time and focus? If your business is a vehicle hurtling down the highway, where are you sitting in the vehicle and where are you looking? Driver’s Seat The now defunct automaker, Pontiac, once used the tag […]
In this final installment of our discussion on the multifaceted growth opportunities that exist in your business, we will touch on Information Management and Management Capacity. One more time, here is another look at the graphic that has laid out the basis of our conversation. Information Management This refers to the information that you need […]
As we continue our discussion on the many facets of growth (which is about far more than just “size and scale”) we will look this week at two types of capital: monetary and human. Here is another look at the graphic which provides the basis of our conversation, which, again, is not an exhaustive list […]
Last week, we opened up the discussion on the many facets of growth, and then touched on the many sub-topcis of those different facets. This week, we’ll being digging deeper. Here is a graphical reminder of what we started. Customers A foundational rule of the investment advisor world is KYC: Know Your Customer. When I […]
It’s been said that we should think of our business like a tree… “What is a tree always doing?” “Growing.” “If it’s not growing, what is it doing?” “Dying…” The analogy ends there. A tree can only grow one way: bigger. Our business must grow many ways. “Better is better before bigger is better.” -Danny […]
This shouldn’t be here. It shouldn’t have gotten done. But the thought of missing a Tuesday for the first time in 172 consecutive Tuesdays has me doing something I probably shouldn’t be doing. I should still be in bed. I’m very weak. Actually, I should be in Boston to attend a conference I’ve been looking […]