"I just want to shut this whole thing down and get some rest." Have you ever felt so stressed about your business, that you just want to shut it down? I know I did. Back when I was still managing my manufacturing business, I was working for more than 40 hours a week. ...
If you want a “bulletproof” cash flow management process, here’s the system you need. Imagine yourself strolling on the beach. As you skip the pockets of quicksand along your way, you enjoy the gentle lapping of the waves, the warm sunlight, and the familiar sounds...
This may initially sound counterintuitive to the concept of adaptability. However with the right structure and procedures in place you can move faster and with less chaos. This can apply to many aspects of the business. An example will be rolling out a new service. If...
Fast-food chain Chick-fil-A’s history dates back to the 1940s, when its founder S. Truett Cathy opened the Dwarf House. Two decades after introducing one of the country’s first chicken sandwiches there, he used that recipe to open the first-ever Chick-fil-A in Atlanta...
By its very definition, being able to adapt requires change. One of the key blockers which I have seen in many businesses is the very culture itself. This becomes more of an issue for long-established businesses past the 10-year mark. With success can come complacency...
Franchising is a quintessential way of life for American business. The entrepreneurial spirit and broad-reaching conceptual ideas often lead to exciting new business models. Since franchising is a large portion of all privately owned businesses, and nearly half of all...
What I mean by this is the less physicality the better. The less which exists in the real world that you can touch and feel the more adaptable you will be. This includes offices, paper, equipment, vehicles, and stock. I understand that all businesses require a level...
Hudsons Coffee is an Australian chain of coffee retailers. As of August 2013, it comprises 67 stores across Australia, as well as one store at Changi Airport in Singapore. It is owned by the Emirates Group which includes Emirates Airline, the Costa Coffee franchise in...
A key issue for businesses when things do not go as planned is the lack of resources to be able to adapt and evolve. As mentioned previously if you do not have access to these resources at the time you need it - it may be very difficult to get them when you actually...