In business we often hear comforting little idioms meant to inspire confidence. Little phrase like “dream big” or “aim high” inspire confidence in business owners who feel their fledgling company is ready to take on the big bad corporate world. But I call foul on these sayings. There…
The secret of good inventory control is matching supply with demand. Ideally, you would want to sell out of your last item as soon as demand for that item has dried up. That’s why the story of Holeman & Finch Public House in the Buckhead neighborhood of Atlanta…
In April, many economists and business leader would have called Jamie Dimon, CEO of JPMorgan, “the smartest guy in the room.” He gained a reputation for shrewdness and economic know-how for guiding the iconic bank through the 2007 recession mostly unscathed. That all changed in May when the…
Apple’s Q1 revenue for 2012 was a staggering $46.33 billion, a figure that broke all sorts of records. It was the highest revenue the company had ever seen and included the highest profit and highest iPhone sales ever. $46.33 billion is certainly an impressive number but even more…
Mahatma Gandhi said it best when he said, “you must be the change you want to see in the world.” This is one way to explain public accountability. Officially, it is the responsibility of corporations, public officials and those in power, to justify their conduct to the general…
Marketing used to be simple. A company placed an ad, sent a piece of direct mail or got listed in the Yellow Pages. Customers came – and bought. If the products didn’t live up to the advertised promises, customers might write a complaint letter or complain to their…
While the field of ecommerce sellers grows more and more crowded, companies are resorting to more and more drastic measures to attract customer’s business. Offers of free shipping abound, but these can be very harmful to your bottom line. UPS and FedEx both increased their shipping rates at…
The fact that Pinterest is something of a phenomenon should not be news to anyone with an Internet connection. Experian, a marketing service, recently declared Pinterest the third most popular social network. Our friends at Shopify recently published a great infographic visualization describing how Pinterest drives online sales.…
Sharon Kuslaka noticed something missing in the various home parties she had been attending. While the types of products she was being exposed to were finely crafted and very diverse, they all appeared to be imported from other countries. Where was the American-made stuff? How could the USA…