Most people learn more from their mistakes than they do from their successes. Sure, success is great, and nobody goes into a new venture with the goal of failure. But with the right mindset, we can learn valuable lessons from our failures and mistakes that we can put to...
Many Los Angeles and Southern California business owners and entrepreneurs have identified employee motivation and retention as two of their top business concerns. Some have implemented a wide range of initiatives and programs designed to increase motivation, reduce turnover and boost retention — this includes everything from adopting more flexible...
Millennials have been getting a lot of attention lately. Loosely defined as those born between 1980 and 1999 — or in other words, those who are currently between 16 and 35 years old — the members of the millennial generation (also known as Generation Y) are probably the most...
In today’s improving economy, many Los Angeles and Southern California business owners and entrepreneurs are planning business growth strategies for the first time since before the recession. This is obviously a positive development and good news, both for these businesses and for our state’s economy — especially after the business...
Most Los Angeles and Southern California business owners and entrepreneurs are familiar with the 80/20 rule. Also known as the Pareto principle, this rule states that for many events, 80 percent of the results come from 20 percent of the participants. This principle was originally identified by Vilfredo Pareto...
Some Los Angeles and Southern California business owners and entrepreneurs have been through the process of an organizational turnaround. This topic is especially relevant right now as both the national and California economies begin to finally show some signs of life more than five years after the end (at...
In today’s fast-changing business world, new technologies can render businesses and entire industries obsolete practically overnight. This makes it critical that Los Angeles and Southern California business owners and entrepreneurs develop strategies for dealing with rapid change. This includes planning for how their companies will compete not just today, but...
Risk is involved in every aspect of life, but business leaders and entrepreneurs usually deal with a higher degree of risk than most people. Starting and managing a business is inherently risky, of course, and most business executives try to take prudent steps to reduce the risks inherent in...
“Cash is king!” It’s an old business axiom that almost sounds cliché today, but you know what? It’s absolutely true. Most business executives focus heavily on sales and profits, and rightly so. Any company that doesn’t generate revenue and turn a profit won’t be in business for very long. But...
Nearly three years ago, Congress passed and President Obama signed the Patient Protection and Affordable Care Act, commonly referred to as Obamacare. Now that it has survived a Supreme Court challenge and last year’s Presidential election, the ACA is ensured to remain in place for the foreseeable future. If your...