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Business Innovation – Beyond the Buzzword

Posted by StellaPop on Oct 31, 2019 8:59:43 AM

Innovation. It's a term all too often used to describe the latest technology, as if it's synonymous with invention. But, in reality, invention is only ever one aspect of innovation in the business world. 

Business innovation is all about finding new, disruptive and more effective methods in the name of boosting the bottom line. It's implementing new ideas, products, processes and more in order to increase revenue.

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Topics: Business Consulting, CEO Series, Start Up

Can You Keep Up? Scaling Your Business Without Sacrificing Your Competitive Edge

Posted by StellaPop on Oct 23, 2019 8:15:00 AM

So you’ve successfully bootstrapped your way to a real company with great offerings and you’re starting to see some real growth. Congrats! Hopefully, people are spreading the word and the trajectory is trending nicely upward for the foreseeable future. Up next on the leadership todo list: Scaling your operations to handle this growing amount of work.

First, let's get this out of the way. Growth and scaling are two different goals, growth is about adding incremental growth percentages as a factor of turnover whereas scale is a process-driven approach to growth. Growth and scale require different management styles, below we’ll run through a few important questions you should be asking yourself before you start the process of scaling.

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Topics: Management Consulting, Business Consulting, CEO Series

The Loose Threads: Immediately Discover the Weaknesses in Your Business

Posted by StellaPop on Oct 16, 2019 9:25:16 AM

When interviewing potential employees, we don’t merely ask them to list their strengths for us. Often, we’ll ask them to tell us what their weaknesses are as well. This helps us get to know them better. And it reveals where we might be able to assist them if we bring them onto our team. Our businesses could use this same type of insight.

Knowing your company’s weaknesses will only make your organization stronger. It’ll reveal two things:

  1. Where your organization still needs to improve
  2. How to reposition your company’s weaknesses as strengths
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Topics: Business Consulting, CEO Series

How Much Did Your Business Grow, Goldilocks? Measure What Matters.

Posted by StellaPop on Sep 17, 2019 7:58:00 AM

Most of us today can readily admit we’re suffering from data overload. Information comes at us from all directions, even when we aren’t necessarily looking for it. When you’re trying to run a business, it can feel as though there is an endless tide of data and analytics to wade through, information that sometimes feels tough to make head or tails of.

Though measuring certain things is definitely beneficial to the growth and success of your business, it can be easy for the most important data to be lost amid all the noise. The only way to combat this is to stick to measuring what matters. Don’t just focus on the nitty-gritty, make sure you assess the big picture too. 

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Topics: Management Consulting, Business Consulting, Management

Didn't You Know? Ownership is Out, Rental Access is in.

Posted by StellaPop on Jul 24, 2019 7:55:00 AM

What's the first word you think when someone brings up the business Blockbuster Video

Out-of-business? Obsolete? Old school? Wasn't that in the Captain Marvel movie?

What if we were to tell you Blockbuster Video was ahead of its time? Really, it's too bad they couldn't have innovated to keep up with the technological shifts because, in terms of the trajectory of consumer behavior, Blockbuster Video was a trailblazer. 

You see, Blockbuster Video figured out something that many businesses are just now realizing: consumers are willing to pay for access to a product instead of ownership of it.

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Topics: Business Consulting, Start Up

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