William Boeing never said “it can’t be done” Instead he believed that decisions should be based strictly on fact and not opinions
Business Lessons From William Boeing -Facts and Science Rule Read More »
Many entrepreneurs are lured by the possibility of extreme riches of being a primary employer. However secondary employers are less risky and much easier to fund and to start.
Don’t Be a Gold Digger – Why You Need To Be Main St. Instead Read More »
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
New Product vs. New Economic Model Read More »
Sometimes the best ideas come from just looking at another industry and applying their lessons to your business. For example, when Henry Ford visited a meat packing plant, he saw how a side of beef was placed on a trolley and as it traveled down a track, a line of butchers each performing a single
A Source of Innovation Read More »
When agrarian society faded in favor of the more profitable industrial era, no matter how hard you worked as a farmer or how hard the farming industry tried to preserve itself the tide of change could not be turned. By the same logic, no matter how hard we try to reestablish a middle class based
The Middle Class Sputnik Moment Read More »
What if you could give your customer his order before he was done giving it to you? Well, that idea is what built the drug store Walgreens. When a nearby customer would call in a non-prescription order using the newly developed telephone, Charles Walgreen would repeat the caller’s name, address and order so his assistant
Constant Innovation Read More »
How to employ a three-page website to test the market’s readiness and verify that a product or service will sell before you make an investment.
Testing the Market with a 3-Page Website Read More »
I think we would all agree that making a profit is the incentive to take risk through investments. Moreover, it takes investments to stimulate innovation. But innovation creates productivity gains, which in turn eat into profit. For example, a tractor that costs as much as the labor cost for 150 workers, but which can do
Who Really Benefits Most From Business Investments? Read More »
In the news, you often see that the US accuses China of being a currency manipulator by artificially keeping their currency low. If their currency were allowed to rise, goods produced in China would get more expensive in the US and we would buy less of them. Higher prices would mean that Americans would have
How to Leverage China’s Currency Manipulation to Your Advantage Read More »
3 types of Investment risk. Greater risk = great rewards. Range = Inventory, least risk/reward, thru production equipment, to innovation most risk/reward.
Understanding the Investment Risk Continuum Read More »
