SteveBizBlog

A side by side image of a gothic stone Mason and a modern day worker pouring concrete

AI Is Your Portland Cement: What Gothic Stonemasons Teach Us About Building a Business That Lasts

Concepts Entrepreneurs Need to Know / Economic Model, Tacit Knowledge, Artificial Intelligence

Every Small Business Owner Is Making the Same AI Trade Right Now: Cheaper, Faster, More Scalable. But 500 Years Ago, the Same Logic Killed 800 Years of Master Craftsmanship. When the Cathedral Commissions Dried Up, the Knowledge Disappeared With Them. This Post Draws a Direct Line Between That History and What AI Is Doing to the Apprenticeship Ladder Today – and What Every Small Business Owner Should Do Before the Rebar Starts to Rust.

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What You Need to Know About Economies of Scope

Small Business Operations / Economic Model

A Common Term Used in Business Is “Economies of Scale”. Unfortunately, It Is Often Used Incorrectly to Refer to Economies of Scope.

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Skid Steer Loader - Operating Leverage Example

Operating Leverage for Small Business: When You Should Use

Small Business Finances / Debt Financing, Money, Economic Model, Leverage, Investment, Bank Loan, Banks, Operating Leverage, Angel Investor

What is operating leverage and why should you care? Ignoring the financial mumbo-jumbo, operating leverage represents how having debt can affect a company’s bottom line profit. In some cases, Operating leverage can improve a company’s profits and in others, it can destroy it.

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Why You Need To Know How Your Economic Model Drives Profit

Small Business Finances / Economic Model

Many entrepreneurs do not understand the difference between a business and economic model. Simply put a Business Model is primarily customer-focused while an Economic Model is owner-focused.

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Keurig’s New Business and Economic Model

Small Business Operations / Margin, Economic Model, Business Model

Fifty percent of Americans over 18 years of age drink coffee every day. That translates into 150 million daily coffee drinkers that consume 400 million cups per day. Not long ago, brewing a cup of coffee at home or at the office involved purchasing a coffee pot from one company and ground coffee from another

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New Product vs. New Economic Model

Small Business Operations / Business License, Manufacturing, Innovation, Economic Model

Many local ecosystems have initiatives and programs to foster innovation in their own community as a way to grow new technology or manufacturing companies. They do this in the hopes it will bring in new money as the primary employer grows to maturity. However, sometimes it is not the product that generates the revenue, but

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Business Model vs. Economic Model: Why Both Matter and How They Differ

Small Business Operations / Business Model, Economic Model

Success Requires More Than Just Serving Customers. Learn Why Both Your Business Model and Economic Model Must Work Together to Build a Thriving Company.

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