Smart jewelry to the rescue — Jerry Wilmink develops technology to summon help with a tap
Jerry Wilmink didn’t have to look too far for inspiration when he launched a company called WiseWear. He found it in his own family — his grandfather, who suffered from dementia, had fallen and broken his hip and was unable to call for help. He suffered injuries in 2010 that led to his unfortunate death. […]
Don’t just wait for opportunities to come to you
Look beyond your company in search of other ways to diversify your interests. Don’t just rely on one customer, one business, one investment or one idea to protect what you’ve built.
Environmental Law Network links firms to build an organization of valuable connections
“Networking” may be an overused term among businesses today, but to Greg DeGulis, chair of the Environmental Law Network, it’s the organization’s touchstone.
Develop your team and a succession plan to be ready when you move on
So how do you train your senior management team? If you pick the right people, you will find you don’t need to train them on the management side. You just need to counsel them on ideas. Plan to train them on your business, but don’t tell them it is written in stone. You hired them to be creative. Don’t micromanage them. Your job should be to coach, mentor, motivate, encourage, counsel, be a sounding board….. Your job is to grow the business, not run the business.
Projecting for investors — Prepare to balance between long-term vision and what the near term may bring
What makes the forecasting process even more tricky are the unspoken pressures from the venture capital industry — an industry that thrives on finding and backing companies with the potential for explosive growth.
Three strategic ways businesses compete
hen competing in business, choose your “angle,” so to speak. Do you offer the most value at the best price in the market? Are you the most innovative, known as cutting edge?
Tips from ‘How to Build A Billion Dollar Company from Scratch’ critical today as in 1970s
For more than 40 years, Harry E. Figgie Jr. taught us to be entrepreneurial by following the axioms of understanding opportunities, taking reasonable risks and profitably growing your business. As a refresher and reminder, we often refer back to his teachings as explained in his book, “How to Build a Billion Dollar Company from Scratch.” […]
The importance of data backup and recovery
There are many benefits to cloud-based document management systems (DMS). Possibilities occur when you are able to access data anytime, anywhere. But among the biggest benefits are its backup and recovery features.
Advisory boards: A value creation catalyst for a business when done correctly
A number of factors need to be contemplated if your business is considering an advisory board, but when done right, such a board is a powerful value creation catalyst.
How to find the right mix of assets in your investment portfolio
The complexities of diversification can easily lead investors to have a false sense of security about their wealth building strategy. You have to pay attention to what you own as an investment, why you own it and how it all fits together, says Brandon Strong, Managing Partner at Stonebridge Wealth Strategies.