Many business owners think benchmarking is for big or troubled companies. But no company, regardless of size and performance, can afford to ignore it. In today’s changing business environment and economy, it’s hard to keep up with your competitors — and benchmarking allows companies to compare their productivity and efficiency to other businesses. Two types […]
Employee motivation is a perennial hot topic for leaders at all levels. What if you had a way to identify what motivates each person on your team? What if your conversations with each employee could be tailored to emphasize what matters most to him or her? What if you could match each person’s tasks and […]
I’m as interested as the next person in all the excitement about how Washington will work with Barack Obama in the White House, but there’s an important question that’s been missing. It has to do not so much with the new president as with the new Congress, and it should be high on every attentive citizen’s list of concerns: Will Congress live up to its responsibility to exercise robust oversight over the new administration?
Who else remembers those summer days, a yard full of neighborhood kids and a Slip N Slide? One after the other, we dove on and slipped and slid across the unexpectedly hard lawn. With our bruised and scraped elbows and knees, we had to acknowledge that there was a downside to being carried along by […]
It’s common to hear “marketing” and “sales” used interchangeably. In reality, they each have distinct characteristics. Business owners need to know the difference and have a strategy. To put it simply, marketing encompasses everything you do to reach and engage prospects. Marketing is typically a media-driven function, and eight components are often considered when creating […]
It was more than the mountains that brought my business and my family to Colorado Springs. I’m a Cleveland native. I attended college and grad school in Ohio. I launched my first company, Empirical Testing Corp., with a single test frame in my friend’s machine shop located in the heart of Cleveland 20 years ago. […]
Are you an entrepreneur or a technician? Most business owners are viewed as entrepreneurs because they have the risk tolerance, vision and wherewithal to start or buy their own businesses. However, once the initial decision to own and run a business has been made, most business owners spend less time operating as entrepreneurs and more time working as technicians. To explain this in a bit more detail, let’s look at a typical employee structure that exists in successful businesses.
As you travel back and forth to Denver, as you climb the mountains to the ski resorts, a nagging question remains: Is it true that some people want to “Keep Colorado Springs lame”? Given the number of military retirees in the city — ranked second in the country by the Military Times, about 20 percent […]
You started your small business, rented space, hired a manufacturing or sales staff, stocked your inventory and are ready to open the doors. Aren’t you forgetting something? Who’s going to do the bookkeeping? As the business owner, you plan on doing the bookkeeping yourself, so you head to the local office supply store and purchase QuickBooks, Microsoft Small Business Accounting or some other accounting package.
By Diane Wengler Five individual stories about inspiring accomplishment were the highlight of Goodwill Industries of Colorado Springs’ annual dinner at Broadmoor Hall on April 14. Tina Castro, Tonya Edwards, Emily Miller, David Moorehead and Mary Pyle accepted their awards after short videos were played about their challenges, perseverance, commitment and triumphs. Nearly 780 guests […]
It’s not exactly headline news, or news to anyone for that matter, that this has been a disastrous year in the stock market. In fact, I have a chart that I share with clients showing how volatile the market can be during any one year, based on 200 years of history. Barring an 11th hour rally during December, 2008 could go down as the worst year in the history of the stock market, so this chart might be in need of updating.
I am going to discuss a topic that I haven’t been that close to since my undergraduate days in Boulder: marijuana. Not recreational use, but instead, implications arising from the recent increase in the number of clinics set up to dispense medical marijuana. We have been asked several times recently on behalf of landlords to […]