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How well does your organization assess its own capabilities versus competitors?

Our reader poll today asks:  How well does your organization assess its own capabilities versus competitors? We drastically overestimate our capabilities.: 22.3% We overestimate some of our capabilities.: 37.7% We accurately assess our capabilities.: 28.6% We underestimate our capabilities.: 8.6% We drastically underestimate our capabilities.: 2.7% A little overconfident. Overestimating your organization’s capabilities can be a huge […]

Proactively Dealing with Regulatory Changes to Keep Your Business Safe

Regulatory and political changes can have a tremendous impact on your business. If you’re not aware of possible regulatory changes, you’ll be caught off guard and have to react to those changes rather than having the opportunity to prepare for them. The more involved you are in the regulatory arena, the more effectively you’ll be […]

If You Want to Succeed, Use Your Team

Business owners should take advantage of their team’s passion, talents, and knowledge to help the company becomes as profitable as possible. Today’s post is by Robert Thomas Bethel, author of Strengthen Your Business (CLICK HERE to get your copy). I have overseen the turnaround of 77 failing businesses in my 52-year career. For all the […]

Will you lead a revolution when you see change that needs to happen?

Our reader poll today asks: How likely are you to lead a revolution when you see change that needs to happen? Extremely: I’m the first one to call for big change: 18.4% Very: I often take up new causes: 39.6% Kind of: I’ll lead change but only if I’m really passionate about it: 39.0% Not very: […]

How well are your incentives aligned with your strategy?

Our reader poll today asks: How well are your people’s incentives aligned with your organization’s strategy? Very well: there’s a clear link between strategy and incentives: 14.0% Well: incentives are generally linked to strategy: 30.5% Not well: it’s unclear how strategy is tied to incentives: 37.8% Not at all: our incentives have nothing to do with […]

Want to succeed as a consultant? Pick the right revenue model

If you want to be a consultant and run your own firm, you need to have a good sense of your revenue model. There are many to choose from. Pick the right one and be very profitable. Pick the wrong one and you’ll be working like a dog for a tiny paycheck. Your revenue model […]