Category: Business Strategy

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Acquiring Digital Properties: Why, What, and Where to Buy

Today, we are discussing how to acquire digital properties: WHY, WHAT, and WHERE to buy.  I have been buying digital real estate such as agency websites, SaaS platforms, e-commerce applications, content publishing websites over the past 11 years. Some sites are well-established and successful while others are starter apps I integrate into my portfolio or bundle into existing solutions. Buying digital properties has definitely been one of the endeavors that I have been enjoying quite a lot. My Experience Buying Digital Businesses Some of the acquisition deals have turned into great business opportunities or just tangible investments that have led… Continue Reading
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Defining Employee Feedback Plans and Pinpointing Areas for Improvement: The Tactical Guide

Why are feedback sessions so important?  For one, companies that carry out regular employee feedback have turnover rates that are 14.9% lower than those employees who receive no feedback at all. Now, here are additional helpful insights from the stats on employee feedback and performance reviews:  Managers who received regular feedback on their strengths showed 8.9% greater profitability. (Source)  About 43% of those highly engaged employees receive feedback on a weekly basis. (Source)  92% of respondents agreed that when negative feedback is delivered appropriately, they can be highly effective at improving one’s performance.” (Source) 63% of Gen Z employees want to… Continue Reading
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8 Key Tips for Creating a Positive Work Culture

Creating a positive work culture is a critical element in the success of any company.  In fact, 94% of business executives and 88% of employees surveyed believe that a distinct corporate culture is critical to the success of a business.  Your culture at work can have a huge impact on the performance of your employees and the overall goals of the company in terms of: productivity creativity potential revenue value of the firm rate of growth Basically, your work culture plays an important role in attracting, retaining, and motivating employees. Creating a positive work culture: turns your office experience into… Continue Reading
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How to Build Trust and Loyalty as a Leader

Remember the old saying, "People don't quit jobs, they quit managers."?  It's similar when the people in charge are at fault.  Highly motivated and enthusiastic people, or people who want to make a change, give up because they don't feel their leadership sees the future in the best possible manner. That leadership does not take care of their interests or that leadership is not aligned with whatever the company promises.  About 79% of people would quit and seek new jobs because of bad leadership. In order to solve this problem, you want to make sure you're representing the best leadership… Continue Reading
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10 Reasons Your Business Needs Core Values

I’ve been quoted in hundreds of roundups on all sorts of management and leadership questions—from ways to build resilience (Forbes) through identifying toxic cultures (Inc) to warning signs for new hires (Small Business Trends). While looking for the “Philosopher’s Stone” (or the next “Golden Rush”) is a normal human trait, there’s a deeper problem to identify first.   There Are Endless “Right” Answers When I speak about company culture, management traits, or building effective teams, I always refer to the ideal individuals as “proper human beings”. My definition is broad, but it taps into core principles such as honesty, integrity, passion,… Continue Reading
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7 Ways to Teach Your Staff ROI: The Pivot to Billable Activities

Building a successful organization requires a comprehensive business strategy across each of your departments. It is also closely related to your business model, the industry you belong to, the status of your finances, the available opportunities, and—of course—your team. While your senior management team may be aligned with the company goals and vision, you want to build a culture of self-managed rockstars. Otherwise, you'll fall into the trap of micromanagement. My guiding light is ROI.  Often, your resources are only limited. You do not have all the time to spend and disperse across hundreds of initiatives. There is always a… Continue Reading
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22 Ways to Have More Energy (And Boost Your Efficiency)

Resilience is among the mandatory traits for career growth. Regardless of whether you're striving to be an exemplary entrepreneur or grow the career ladder across management and director tiers, sustaining loads of work, weekend deliveries, flying from a tradeshow to an event with high velocity is a prerequisite to building high-performing teams. But maintaining these levels of pressure and both physical and mental load is not an easy feat. Just as the best athletes invest a ton in their physical conditioning, you have to ensure that your body, mind, and spirit work as efficiently as possible, and push them through… Continue Reading
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Mentorship – Invaluable Advice From Competitors

"Mentorship" is a vague term. Great mentors are successful industry leaders who are your indirect competitors (or at least a few years ahead of time). Someone may pick their own mentor when they are a public figure and consume every bit of information they produce. If you choose a mentor who is only a few years your senior in the same industry, the rewards can be just as significant. Their advice is more relatable and immediately applicable because they've just overcome the issues you're presently facing. Plus, their insights are contemporary, making them highly relevant. Virtual Mentors On mentorship by… Continue Reading
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Why Your Business Needed A Business Process Management (BPM) Software Yesterday

If your company hasn’t grown to a fully-fledged corporation yet, you’re probably terrified (if not disgusted) from all the enterprise lingo - workflows, procedures, contingency plans, risk management (to name a few). But scaling an organization is impossible without the implementation of business process management (BPM) practices in-house.  NASA tanked $327.6M through its Mars Climate Orbiter mission crashing the satellite in 1999 due to a software localization error. Some international horror stories such as Chernobyl could have been prevented with the right contingency plans in place. Let alone the COVID-19 spread we’re all victims of nowadays.  Case in point, business… Continue Reading
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How to Align Your Business Strategy Based on Client Feedback

Client feedback is one of your most important weapons to design a bullet-proof business strategy that scales.  Feedback can identify operational inefficiencies, helping you allocate resources more effectively. It also validates your business model, indicating readiness for scaling. Negative feedback serves as immediate quality control, allowing quick rectification of defects or service lapses, which in turn safeguards your brand reputation. The feedback that your clients give you is extremely powerful because you are getting paid for it, meaning that they are willing to invest in you and your services or solutions make sense.  You just need to reverse engineer what… Continue Reading