Learn more about business with this collection
The history of fashion
The impact of fashion on society
The future of the fashion industry
Innovation in business and efficiency comes from big, bold questions.
MIKE MICHALOWICZ
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Accountability Groups
The benefits of accountability groups:
- Having accountability partners can make a potentially challenging experience bearable
- Enforcing a plan or a system with others ensures that you are more likely to do your part
- When you regularly meet with an accountability group, y...
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322 reads
Money and Efficiency
- 95% of your company’s profitability depends on what goes on beneath the surface (after the sales), and not the sales themselves.
- Serve your clients with the same or very similar problems, using your one consistent solution to solve the problems.
- The key to being efficient is ...
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389 reads
Tackling Debt
- Paying yourself should always be your priority even if you’re in debt.
- Practice the one more day technique. Hold off on purchasing something and test how much you need it. You’ll feel rewarded when you see yourself saving more by going without certain items.
- Modern-day succes...
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461 reads
The Profit First Diet
- Use small plates: When money comes into your main operating account, immediately dispense it into different accounts in predetermined percentages for profit, owner pay, taxes and, consistently operating expenses
- Serve sequentially: Always move your m...
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820 reads
The Health of a Business
A great business is one that has healthy profits. And as business gets healthier, taxes will increase.
Profitability isn’t an event. It’s a habit. Profitable habits practiced consistently cause a company to be financially healthy.
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574 reads
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Measuring Competitiveness
The WEF (World Economic Forum) breaks down countries' competitiveness into 12 areas. These are grouped into three sub-categories.
- Basic requirements: Institutions, infrastructure, macroeconomic environment, and health & primary education.
Small Thinking And Big Thinking
Companies, teams and individual achievers are sharply focused on achieving goals. But this focus on completion often limits the scope of the results and stifles innovation.
There is a time and place for problem-solving efficiency. But the regularity and pervasiveness of expansive ...
Think Like a Child
The key to shifting your perspective and developing the habit of thinking big involves stepping outside of yourself and into another persona — essentially becoming someone who will help you see things bigger, better and more creatively.
You must also think from the perspect...
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