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Best practices for changing a culture

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If you have moved from one organization to another anytime in your career, you know that every company has its own unique culture. Culture is defined as the beliefs, values, norms, and attitudes that form a group’s patterns of thought and action. Put another way, culture can be thought of as “unwritten rules about the… Continue Reading Best practices for changing a culture

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Take care when taking on a partner

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“Give me golf clubs, fresh air and a beautiful partner, and you can keep the clubs and the fresh air.” — Jack Benny. A terrific life partner is a beautiful thing and that’s also true of business partnerships. The challenges are also pretty much the same — making sure you’re actually getting a great partner… Continue Reading Take care when taking on a partner

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So this week I posted a YouTube video of Nappy Roots on my facebook profile and got immediate rave reviews from my college age nephew. And I started to wonder if he thinks I’m actually cool. Here’s the thing: I’m really a fraud at being cool. I use the Internet as a “cool engine” that… Continue Reading As coolness expands, content companies tremble

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Is there a leader in the house?

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Who will be the leaders of tomorrow? Will one or more of your own children be leaders in their sphere of influence? When our children eventually leave home, we want them to be equipped to succeed in life and to have the confidence and skills to live in the adult world. There are no guarantees… Continue Reading Is there a leader in the house?

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At the risk of sounding like alarmists, we hate business concentrations and want to help you take positive steps to avoid them. Concentrations are one of the greatest risks you can take in business because they cause havoc and destroy companies. Having a concentration is kind of like carrying a rattlesnake in your pocket —… Continue Reading Business owner beware rattlesnakes and concentrations

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Innovation and entrepreneurship are often assumed to be one and the same. In reality, they are different things, and a clear understanding of the difference is vital to building successful ventures. Innovation comes in a variety of forms. Many new ventures are based on new product or service innovation. This is the most commonly recognized… Continue Reading Taking a look into innovation and entrepreneurship

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By Sean Paige Critics may contend that the less-than-scandalous findings of the first-ever “performance audit” of the Economic Development Corp. mean it was a waste of time and money, which unnecessarily called the group’s reputation into question. As someone who helped put the process in motion — and who reads much more into the report… Continue Reading Auditor’s report on EDC numbers tells many tales

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Getting trade basics and numbers wrong

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Why do so many (most?) business reporters and television talking heads, along with a boatload of economists, get the story dead wrong on trade? Whenever the latest U.S. trade numbers — i.e., exports, imports and the trade balance — are released, if imports are up and the trade deficit expands, a cacophony of voices spout… Continue Reading Getting trade basics and numbers wrong

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The myth about what’s behind the numbers

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Economists and businesspeople alike claim that numbers tell all. You can hide a problem, you can rationalize around it, you can even pretend it isn’t there. By the end of the month or the quarter, the numbers will tell the truth, the whole, truth, and nothing but the truth — unless you cook the books.… Continue Reading The myth about what’s behind the numbers

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The recession isn’t over for a lot of businesses but many others have come through the storm and are still standing. Citing American Express, the Wall Street Journal reported on April 15 that “the nation’s small businesses are now looking to grow, with capital spending and hiring plans up.” On May 4, the WSJ reported… Continue Reading Lessons that the recession should have taught us

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