With the emergence of Fractional Leadership Roles in the business community, local consultant Kevin A. Nye recently introduced Fractional Chief Operating Officer (COO) services for small businesses in Southern California.
Category: Strategy
Want to Succeed as an Entrepreneur? Here are 8 Survival Tips
You may feel that success as an entrepreneur depends on hard work. However, hard work alone is not enough. If you want to be an entrepreneur, you need to know the basics of survival. Find a Mentor Every entrepreneur needs someone to lean on. Find yourself a mentor to whom you can talk about your …
Entrepreneurship and Innovation: Creating a New Business Model
If you feel that existing business models are not going to work for you, create your own. Business model innovation can give you the competitive edge you need for success. You can develop such innovation using the principles of a straightforward business structure. Designing Your Business Model Designing your innovative business model simply requires a …
Are These Five Problems Preventing You From Selling Your Company?
While most business owners have a dream of eventually selling their business, the reality is that most of them will never accomplish this. According to BizBuySell’s Insight Report, only about 4-5% of companies are sold each quarter. Here are five reasons that you may have difficulty selling your company. Not Finding the Right Buyer In …
How to Embrace Crisis as an Opportunity for Growth
The shock of crisis is nothing new. Anyone who expects things to stay the same forever obviously hasn’t paid any attention to history. Good times are followed by bad times and good times again. Booms and busts are eternal in free market economies but crises don’t affect everyone equally. Some people drown in a crisis …
Do You Have An Advisory Board?
One common challenge faced by entrepreneurs as they grow is the need for strategic advice. In larger organizations, a Board of Directors can serve this function. However, many newer enterprises have not reached this point and as a result, can miss out on on the benefits of additional experience and knowledge. A common solution to …