4 Business Exit Steps All Business Owners Should Take—Even Those Just Starting Out

If you’re in the throes of building a company, you are likely not even thinking about what comes next. But now is also the time to start planning the long-term strategy for your exit. To one day pull off a successful—and profitable—business exit, there are four important steps. Continue reading “4 Business Exit Steps All Business Owners Should Take—Even Those Just Starting Out”

How To Predict And Solve Business Problems Before They Happen

Predict problems? It sounds like the stuff of fantasy—or at least psychics. The reality, however, is that as a business owner you need some kind of sixth sense for issues within your company. Although you can’t exactly predict the future, you can set up an infrastructure that will help you address issues as they arise or, perhaps, stop them from cropping up at all. Continue reading “How To Predict And Solve Business Problems Before They Happen”

The Real Secret To Coming Up With A Breakthrough Business Idea

Most businesses waste time addressing problems that don’t matter because they are trying to find answers to the wrong questions. So, what should they do instead? Albert Einstein offers helpful guidance in this famous statement:

If I had an hour to save the world, I would spend 59 minutes to define the problem, and one minute finding solutions.”

In other words, you should spend time to properly understand the problem before jumping to a solution, because reaching the best solution lies in asking better questions. Continue reading “The Real Secret To Coming Up With A Breakthrough Business Idea”