Every small business must at one point or another consider an increase in its prices. The trick is in doing so in a way that matches perception of value and doesn’t alienate loyal customers. Strategy comes first Before introducing any price increase, a business owner should carefully...
Many businesses have undertaken the risky process of rebranding and emerged stronger and more competitive in the marketplace. Successful examples run the gamut of goods and services, from Burberry clothing and Harley-Davidson motorcycles to McDonald’s “healthy meal options” and Old Spice deodorant. These and other...
Some small business experts say you should commence exit planning on the day you start your business. This may be too extreme in most cases, but it’s absolutely certain that succession planning should be a key element in your business forecast at least five to...
Fresh ideas fuel business growth, but where are these fresh ideas supposed to come from? Should they just be left up to chance (the "if lightning strikes" method) or is a disciplined approach more fruitful? Brainstorming with a group of employees or colleagues is an...
What's more important to the success of your business than hiring the right job candidate? Sadly, selecting the best person for your open position is not an exact science. That's why, after the initial rush of excitement, so many employers end up with a case...
Businesses large and small have to find the most efficient work setting for their employees. In recent years, the "open office" concept has taken hold among various organizations seeking an alternative to the cubicle configuration so common in the workplace. There are compelling arguments to be...
It’s an interesting paradox about business and leadership: A key trait of most successful entrepreneurs and CEOs is their ability to bounce back from failure. Those who fail at a venture and lack the resilience to try again can never succeed. Those who hesitate to...
Catapult Groups Survey Finds Business Leaders Still Optimistic for 2014 Las Vegas, NV, April 21, 2014 – Catapult Groups, a peer advisory firm for CEOs and business owners based in Las Vegas, today announced the results of an index of CEOs, business owners and entrepreneurs on...
How many times in the course of a day or a week do you find yourself pitching your business to a new acquaintance? In some cases, it may just be part of a conversation, but often you’re attempting to lure new investors or interest prospective...
Business leaders remain optimistic about prospects for 2014, according to the results of the latest Catapult Groups Entrepreneurial Index (conducted in March 2014). The Q2 2014 Index measured the perspective of business owners on anticipated revenue growth, job creation, capital investments and commercial financing, as...