Many of us may be willing to make modest pivots in business, but what happens if your business model is soon to be irrelevant? Kodak made their money on film when digital cameras surfaced. They needed to change their business model, but their leadership lacked the courage to make a radical pivot. Their inaction resulted in bankruptcy. Peter was only ...
Martin Luther King Jr. was an unconventional leader. While many, like Malcolm X, promoted revenge and violence, Dr. King voiced a different message. Dr. King once said, “Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.” Although it took patience and perseverance, Dr. King’s unconventional approach made a difference. ...
There are certain chapters in the Bible that seem to overflow with pearls of wisdom. For wise business counsel, I find great treasures in Psalm 37. One common mistake I’ve seen in business planning is to first develop our plans, then pray that God blesses our plans. But Psalm 37 reveals a progression in business planning God’s way. First, we ...
When times become lean for small businesses, cash reserves are critical. Business cycles come and go and often leave devastation behind them. Having cash reserves is crucial for surviving those inevitable seasons of drought. If we study history, we can quickly realize that recessions do happen. On average, recessions occur about every seven years. To prepare for these looming downturns, ...
Cyber Monday was born out of data. In 2004, according to Scott Silverman of Shop.org, research revealed that the Monday after Thanksgiving was one of the biggest shopping days of the year. The data revealed that many people shop in person on Black Friday but would finish their shopping online the following Monday. This led savvy retailers to leverage this ...
Over the years, I’ve worked with people who grind towards perfection, only to be stress-ridden and still disappointed in the end results. The Wall Street Journal recently wrote about a better approach – aiming for 85% completion vs. 100%. Some research and many expert’s observations have discovered that striving for 85% produces better overall results. Many perfectionists don’t realize that ...
In my career, I’ve started businesses without God and some with God. The difference is like running a race with heavy winds and storms in your face versus running with the wind at your back. When contemplating starting a business, it is critical that you remember one important principle. God owns it all. God has charge over all the universe, ...
Many in the business world have a scarcity mindset. These leaders believe that business is a zero-sum game; if you win, I lose. Therefore, every competitor is a threat that should be squashed. If a competitor is harming customers and the industry’s reputation, helping to eliminate the competition may be appropriate. But usually, we ought to encourage competitors rather than ...
Former Chick-fil-a executive, Mark Miller, discovered three words to help any organization build a stronger culture. The final key is to Adapt. As changes happen, if you’re not adapting, your culture will begin to slide. Mark Miller recommends that you look for toxins and ways to improve. Peter experienced a pivotal moment when the culture of the early church was ...
An investor recently sued Target for losing $14 billion in market value due to their LGBT campaigns. Although I understand this investor’s desire to push back against Target’s radical agenda, I personally think this is the wrong approach. Suing companies due to the negative impact of their ideological views also risks conservative companies being sued for theirs as well. I ...
Equipping Others to Do Work Differently
