Helmuth von Moltke once said “No battle plan ever survives contact with the enemy.” True enough. But it doesn’t stop the armed forces from planning for the future and analyzing all possible alternatives that may require different courses of implementation as roadblocks are encountered. A plan does not…Continue
Added by Mike Daley on October 26, 2010 at 10:00am — No Comments
There is something inherent in each one of us that keeps us aiming towards success. Defining success, however, is an individual matter.…Continue
The stock market is up, but unemployment keeps rising too. Are we in for a boom, a bust, or business as usual? These are all questions that can keep an entrepreneur up at…Continue
Added by Mike Daley on October 19, 2010 at 1:00pm — No Comments
In Japanese, the verb “hata raku” means to work. But what is work? At Toyota it means that a worker makes an advance in the process and enhances the value of the product or service. In other words, a specific action is…Continue
There is a saying in business that nothing happens until somebody makes a sale. This is true whether you are selling a product or a service.
Indeed, making sales is the reason businesses exist, but exactly how to identify, acquire, and keep customers can be a constant challenge. Sales processes and lead generation continuously rank at the top of the list of owners’ education needs. How you generate leads, capture sales, and treat the customers after delivery…Continue
Added by Mike Daley on October 14, 2010 at 9:30am — No Comments
Added by Mike Daley on October 14, 2010 at 8:23am — No Comments
Medical healthcare in America, although the bill has passed, is still a battleground leading up to the November mid-term elections -- but what about the healthcare of your business? Is your business alive? Does it have a pulse? Is it making a profit?
Entrepreneurs should look at their business as if it’s a living organism. There are times where you need to see a doctor. Your Business Is Alive! is a venture that acts as…Continue
Taiichi Ohno considered it blasphemous to say, "We can't do it." He hated when a factory foreman would tell him, "We don't have the capabilities." Taiichi Ohno believed that if you change the manner in which things flow and change the manner in which you arrange storage - you will discover, within a month, that you can do…Continue
Added by Taiichi Ohno on October 12, 2010 at 2:30pm — No Comments
Being an entrepreneur is the dream of many. But as one entrepreneur quipped, “I used to work for a boss; now I work for a tyrant.” Or, as another put it, “When you've started your own venture, you’re the first one hired and the last one fired.” That’s true, but you may also be the last one to get paid. Undaunted, people launch themselves in various entrepreneurial projects.
In recent years, the choice of self-employment has not been an…Continue
Value and price are not the same. Price is driven by the cost and internal profit requirements as well as the marketplace demand. If the cost increases, do not raise the price because the market is not stupid. If the value remains the same and the price increases, you will lose your customers. This is why it’s important not to…Continue
Added by Taiichi Ohno on October 4, 2010 at 9:30am — No Comments