An effective business strategy is an action plan that coordinates the efforts of your well-crafted business model. Your business model answers the question, “How does your business plan to make money?” The answer—which formulates the business model—is a combination of (1) revenue sources, (2) customer base, (3) products and services provided, (4) operations and (5) …
As a women entrepreneur, I have had experience in building businesses from the bottom up. It is hard work, and there are times when an entrepreneur experiences rough patches, but with perseverance, thoughtful planning and self-belief, the results can be very rewarding. Here are tips to navigate through the rough times and create a smooth …
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Building a business strategic plan does not need to be complicated, but there are fundamental decisions that must be made. Strategy requires making clear trade-offs, deciding what the organization will pursue as goals and what it will not pursue. Sometimes that is difficult, especially with a changing market. pivots from one product to another can …
I had the distinct honor of interviewing some high school seniors competing for a scholarship to a higher education university. I sat on a panel with two other individuals. We asked questions to learn more about each candidate’s qualifications. We focused our investigation on learning more about levels of character, leadership, and scholarship. These were …
