Bank failures are not uncommon, but they can create a ripple effect on the economy and on individuals’ financial well-being. Recently, two large banks failed, and a third bank is on the brink of failure. These failures are not only concerning for the customers of these banks but also for other financial institutions and businesses that
In the world of business, there are good and bad selling strategies. Strong selling strategies bring your customers back for more and encourage them to refer their friends and family. In contrast, poor strategies will send your customers running for the hills. They’ll never look back at your business and will tell everyone about their
The workforce gets younger every day, which can make things more challenging for business owners. Many have recently adapted to meet the needs of new millennial employees, but now even younger generations have started to work. This has required business owners to learn how to build meaningful relationships with these new employees. Here are a
The new year is upon us, and many business owners will use this opportunity to create plans to ensure that 2023 is as profitable as possible. You can devise all kinds of business resolutions you want to focus on during the year, but most of the time, business owners think about key performance indicators like
Would you love to be 20% better at persuasion, improve your chances of landing your dream job or maybe even become more well-liked socially? There is a very simple conversational tactic you can use, and it will help you accomplish these goals. You know what it is, but chances are that you aren’t using it
Entrepreneurs face many challenges when trying to build their business, but possibly the greatest obstacle comes from within. It’s their doubt and stress about their business. They worry they’re not doing enough or the right things to build a successful company, and soon they start wondering “what if” as they think about their decisions. To
When people think about trends, they often imagine what’s in style at that current moment. We like to imagine that trends come and go, but the opposite is sometimes true. In fact, the greatest trends become a part of our culture. At one time, people thought cellphones, texting and computers were just a phase, but
Over the years, I have advised many board members and CEOs of large companies on their most important leadership issues. In life, people like to think that there aren’t inherently right and wrong questions to ask, but I think that’s a misconception – especially in the world of business. “Right” questions are the ones that
In my opinion, most meetings are a complete waste of time. Although the relayed information might be important, it isn’t always delivered in an effective way, since most managers do not know how to run meetings. Successfully leading huddles or meetings is an important part of building great relationships and leading talented teams. If you
Public clouds are commonplace among businesses these days. A public cloud is an IT model where on-demand computing services and infrastructure are managed by a third-party provider and shared with multiple organizations using the public Internet. About 73% of businesses are currently using two or more public clouds. This is becoming a problem because most
