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Set Tactics to Execute Strategy

It happens all the time. You take your team away from the routine for a few hours, brainstorm, and develop a brilliant new strategy. And when you all get back into the routine, the routine wins and strategy loses. Nothing changes. The strategy was brilliant on the whiteboard, but never got to the real world…. Read more »

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7 Ways to Turn Unpaid Client Bills Into Cash

Small businesses often find themselves in cash flow crunches that could easily be solved if only clients would pay their bills faster. Fortunately, there are many ways to work around this problem. Here are seven ways you can turn unpaid client bills into cash when those receivables simply aren’t being paid quickly enough to meet… Read more »

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Why Meeting Face-to-Face Will Never Go Out of Style

When MeCam set up manufacturing operations in Taiwan, CEO Drew Martin had never been there and had never met the people in charge of the operation face-to-face. Martin would communicate with his manufacturers over email, Skype, and Google Hangouts. Martin explained that his initial feelings about this arrangement were optimistic: “When people asked how many… Read more »

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This Week in Small Business: From CEO Mistakes to Going Green

This week on Bplans, we cover actionable advice to help improve your business planning, as well as “tips” from top CEOs—though in this case, it’s what not to do. If you’re looking for help with your pitch deck slides, wondering if you can still get a loan with bad credit, or hoping to refine your business strategy,… Read more »

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How to Develop Your Business Strategy

The essence of strategy is choosing what not to do – Michael Porter I love the Michael Porter here because it’s so true, and more so the more you dig down into the front lines of real business, such as small business and startups. Strategy is what you’re not doing. My favorite metaphor is the… Read more »