Why is business growth seemingly more and more difficult to achieve? There’s no question companies are facing internal and external pressures more frequently than ever before, with the pace of technological change and competitive pressures, but a company’s growth doesn’t happen by accident. One reason may be the way you […]
Tag: business growth
From $375 to billion-dollar beauty company: How Joe Martin built Boxycharm.com without venture capital
By Dileep Rao – Guest Contributor Joe Martin started his first business in 2004 with $375 when he was an international student at a community college in Florida. He built this business to more than $10 million in annual sales by 2012. He used $500,000 in profits from this business […]
Is there conflict in your family business? It can be good for the business.
We all may know of a family business torn apart by conflict. But a Columbia Business School professor writes in a Harvard Business Review article that, in fact, not enough conflict is also bad for business. Whether it is too much or two little conflict, “the business can suffer from […]
For family business success, follow these best practices
Even with the best intentions for a lasting legacy, family businesses find the odds stacked against them. Only about 30% of family businesses survive into the second generation, about 12% make it to the third generation, and only about 3% of all family businesses operate into the fourth generation or […]
Growth sprouts at this family business
For Olivia Wong, being a key player in the family agriculture business wasn’t always part of the plan – well, her plan anyway. When she chose her double majors at the University of Miami – motion picture production and history – it was about as far away from produce and […]
Hiring? It’s a jungle out there. For small businesses, creativity may be the key.
Have hiring plans for 2019? You’re not alone – 47 percent of Miami area small businesses plan to hire in 2019, according to a recent Bank of America survey. But with the national unemployment rate at the lowest level in 50 years, the tight job market overwhelmingly favors the job […]
No. 1 training tip: Start with your front-line managers
New year, new goals. If as the owner of a business you have resolved to put a sharper focus on training this year, we have some advice for you. Small businesses, of course, don’t have the luxury of the large training budgets that bigger businesses have. But that doesn’t mean […]
If you really know your customer, your differentiation strategy comes into focus
Know your customer. We’ve heard that so much our head spins. But the truth is many entrepreneurs think they know their customers — and they really don’t. That can lead to weak product development and weak differentiation – two of the most common challenges seen by the consultants at Florida […]
Why building trust is crucial to your business success
Charles H. Green, founder and CEO of Trusted Advisor Associates, makes his living offering wisdom on how to build stronger relationships with clients and colleagues. At the core of his work is the study of trust and its importance in business success. The strongest form of trust is always personal, […]
Your business isn’t growing as much as you expected. What’s the real problem?
Your business isn’t growing or at least not at the rate you expected. What’s the problem? “If sales are not growing, the business is not making money, or the company doesn’t have enough cash – those are three red flags when things are not working,” said Ricardo Newark, a consultant […]