8 Crucial Business Skills to Weather the Recession Storm

The current decade has been turbulent at best, challenging business paradigms, industrial practices, and biological presumptions across the planet. It begs the question: What is the successful route to developing resilient business skills for the years to come? From a global pandemic ranking near the Spanish Flu of 1918-1920 to worldwide lockdowns suffocating the travel and hospitality industries, through an overnight transition to remote work, a massive bump of cryptocurrencies, a housing market growing like crazy from Hong Kong to San Francisco to a global crash in 2022, businesses definitely had to endure a lot. Back to The Global Recession… Continue Reading

How Mission and Vision Statements Work

When starting a business or setting a new direction for an existing one, two guiding stars often lead the way: mission and vision statements. The mission statement is like the company's backbone, outlining its core purpose and the reason it exists. It answers the straightforward question: Why are we here? On the other hand, the vision statement is the big dream, the picture of what success looks like in the future. It's the company's north star, giving everyone a clear direction and something to strive for. Have you developed a mission statement for your company? What about a vision statement?… Continue Reading

The Power of Networking Done Right

The reason I find networking critically important is simple. Referrals make the best business contacts. Freelancers get a lot of business through word-of-mouth. Internships are often contingent on a common point of contact. Hiring for a senior management position is almost completely dependent on networking. Moreover: Plenty of brilliant minds are introverts. You don't always get to meet them at events. Social media and blogs, as well as smaller meetups or alumni gatherings, could be instrumental in meeting the right peers. Nowadays, jobs often deal with sensitive data. Trust is a major factor. Keeping the intellectual property in place isn't… Continue Reading

The 4 P’s of Employee Relations and Conflict Management in the Workplace

Workplace conflict costs $359 billion in paid hours or 385 million working days annually. This is according to the “Workplace Conflict and How Business Can Harness it to Thrive” report. There were news articles about Apple employees having concerns about the ‘rigid’ rules in hybrid working, while Google’s people were frustrated about the ‘two tiers’ remote working. No wonder why in the month of April 2021, the Great Resignation started happening. Given the diverse range of expenses related to workplace conflicts, it becomes imperative for organizations to prioritize conflict prevention, early intervention, and constructive resolution strategies. By fostering a positive work… Continue Reading

8 Reasons Why Setting Up a Meeting Is a Must

Most business meetings "should" have been an email.  If the company is large and has more stakeholders, the slower and heavier the processes become. This eventually leads to more meetings with less work being done.  A 2012 study shows that companies that held unproductive meetings lost an average of $250,000 annually. The study's findings suggest that companies can improve their bottom line by improving the quality of their meetings. This includes clearly defining the purpose of the meeting, setting an agenda, and ensuring that everyone has a chance to participate. Companies should also be aware of the signs of dysfunctional meeting… Continue Reading

Top 26 of My Most Recommended Newsletters

I have been asked by many of my followers and business associates about my most recommended newsletters and every time, I take delight in sharing my list. Whenever I recommend, you are guaranteed that I only recommend what I read on a regular basis. After all, we cannot give what we do not have. :)  Each week, more and more newsletters get added to my list ( I even just signed up for 3 more newsletters as of this writing!) I also maintain a newsletter of my own wherein I faithfully release my latest resources and the most important articles… Continue Reading

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

Decoding Business Models: Unpacking Strategies and Pitch Decks

Imagine a business as a complex machine. The parts—products, services, marketing, and operations—need to work together seamlessly to create a valuable output.  The business model is essentially the blueprint for this machine, outlining how it functions and generates profit. Let's delve deeper into what a business model is and the different types that drive the entrepreneurial world. What is a Business Model? A business model isn't just a fancy term. It's the core strategy that defines how a company creates, delivers, and captures value. It answers key questions like: What business problem are we solving? Who are our ideal customers?… Continue Reading

How to Stay Relevant in Your Niche

If we learned anything this year, that would be how fast things could happen. You could lose the company you have worked hard for many years in the blink of an eye. The Havas Group report shows that 77% of brands could disappear overnight, and no one would even care or notice.  A recent study found a surprising trend among diverse consumers in the US: over half (54%) said they wouldn't be bothered if many brands disappeared tomorrow. This suggests a significant disconnect between brands and this growing demographic. The last thing you want is for your brand to be unnoticeable… Continue Reading

Top 10 Business Advisor Skills Your Company Can Benefit From

Gaining experience is not a solo adventure; learning from the best is a shortcut many people underuse. There are over 800 thousand management consultants in the US alone. While large enterprises can leverage the services of titans like Deloitte, McKinsey, KPMG, Accenture, Bain & Company, SMEs operate with different budgets compared to the average size of a US government contract exceeding $4.5M. At any stage of your journey, you face strategic obstacles with multiple ways out. Gauging the right path forward is an expensive exercise that could easily turn into a powerhouse working with the right business advisor. Some of… Continue Reading