Selling a business is a significant decision that can have a profound impact on your financial future and personal life. Whether you’re considering selling your business due to a change in priorities, a desire to retire, or new opportunities, it’s essential to approach the process thoughtfully. Here are key questions to ask when contemplating the … Read more
Running your own business can be a rewarding but challenging endeavor. This self-assessment quiz will help you determine if entrepreneurship is a good fit for you and what kind of business might suit your strengths and preferences. Answer the following questions honestly to get personalized insights: 1. What drives you? a) Financial success and independenceb) … Read more
Small business entrepreneurs are no strangers to the challenges of doing more with less. Whether you’re running a boutique shop or launching a tech startup, efficiency and innovation can be your ticket to success. That’s where the Lean Production model comes into play, offering a framework that is not only relevant to small businesses but … Read more
Understanding the Interconnectedness of Living Systems: A Systems Thinking Approach In the realm of systems thinking and systems science, it becomes evident that all living systems, including humans, businesses, and communities, not only coexist but are intricately maintained by the management of the impacts of their environment on their constitution. This interconnected web of relationships … Read more
In today’s business world, small business entrepreneurs operate in a dynamic and ever-changing environment. The conditions in which businesses exist are not static but rather shaped by constant shifts in the market, evolving customer preferences, and the unpredictable impacts of external forces. To succeed in this complex and uncertain landscape, entrepreneurs often rely on conventional … Read more
Adaptive Business Leadership in Modern Times: Roles, Responsibilities, and Compensation In today’s fast-paced and ever-changing business landscape, organizations require diverse expertise and leadership approaches. As new business relationships evolve, roles, responsibilities, and compensation structures vary among fractional officers, part-time and full-time managers, management consultants, business advisors, coaches, and mentors. Here, we define, describe, explain, and … Read more
In the dynamic world of business, success often depends not just on individual brilliance but on the guidance and wisdom of those who have traveled the entrepreneurial path before us. Experienced business owners, with their wealth of knowledge and hard-earned expertise, possess a unique opportunity to shape the future of entrepreneurship by becoming mentors. Mentoring … Read more
There are different tools for business planning, and each has different requirements and different valued applications in the planning process. Let’s delve into these concepts with a systems thinking perspective: Business Model: Business Model Canvas: Business Case: Strategic Plan: Business Plan: In essence, systems thinking is relevant to each of these concepts as it encourages … Read more
Introduction: Small businesses, often likened to David against the corporate Goliaths, possess unique advantages in their agility, innovation, and close customer relationships. However, in today’s dynamic and ever-changing business environment, these advantages can only be harnessed if small businesses understand the Law of Requisite Variety and how it underpins their journey to success. In this … Read more
In today’s dynamic and interconnected world, small businesses face a multitude of global trends that shape the way they operate, compete, and grow. These trends represent both challenges and opportunities, and understanding them is essential for small businesses to thrive in the ever-evolving business landscape. In this introduction, using environmental scanning, we’ll explore these key … Read more
