As the global economy expands, there is reason to believe that small businesses may have some competitive advantage. That is, if entrepreneurs don't fall prey to these common start-up pitfalls. Start Underfunded Cash flow is critical to a startup business. It is also the most common reason new businesses don't last. Think about how you're going to finance your startup business initially: bank...Read More »
The Starfish and the Spider is a thoughtful and imaginative guide for the next wave of entrepreneurs - and current ones who don't want to be left behind - as business becomes increasingly decentralized. Understanding the amazing force that links some of today's most successful companies If you cut off a spider's leg, it's crippled; if you cut off its head, it dies. But if you cut off a starfish's...Read More »
Finding more time in the day may be impossible, but managing what we do during that time may be easier than moving the heavens. So here are five tips to help you better self-manage. Twenty-four hours just doesn't seem to last as long as it once did. In fact, for many of us, even the prospect of a 26-hour day still seems too short. Stuff is bouncing around in our heads and causing untold stress...Read More »
Weekly Industry Crib Sheet: Unfriendly Skies Triumvirate, Corporate Cash, Quiet Former Fed Chief Speaks...
... Detroit's Big 3 Look to Boost Exports, NSF Focuses on Current and Future Workforce, and the State of the American Middle Class. Unfriendly Skies If you were actually planning to fly on American Airlines last week, there's a better-than-good chance you didn't get to your destination. Parent company AMR grounded the carrier's MD-80 fleet, forcing the cancellation of more than 3,000 flights and...Read More »
Blogging kills? Fired for doing the right thing? Electric cars lethally quiet? Scientists on stimulants? Hey, it's not all bad: We now know how to make a hamburger in just 156 not-so-easy steps! There we were this week, doing a bit of research and writing for IMT readers -- innocently enough -- when we stumbled across a rather sobering headline -- In Web World of 24/7 Stress, Writers Blog Till...Read More »
When floodwaters cover roads, storage areas and manufacturing plants, the damage can trickle all the way through the supply chain. Incoming raw materials get delayed. Outgoing product falls behind schedule. And dangerous cleanup operations sap productivity and profit. However, a few precautions can help keep your business out of harm's way during a flood. Floods and flash floods happen in all 50...Read More »
CFOs have a deep knowledge of their company's economic condition. Convinced a recession is here or near, finance chiefs recently reported they're delaying capital spending projects and mulling over the future of their manpower. Chief financial officers (CFOs) say recession concerns in the United States are already delaying capital spending projects and have companies hunkering down on their...Read More »
A costly scandal at a French bank recently has observers wondering why workers didn't report suspicious activity. Some are saying the scandal highlights one of the most important challenges employers face today: poor employee engagement. In January, Société Générale announced that for years one of its low-level traders had been masking trades, which ultimately resulted in €4.9 billion ($7.2...Read More »
Weekly Industry Crib Sheet: Fed Gets Pessimistic, Increasing Deep-Water-Drilled Oil, Acting to Raise H1-B Visa Cap...
... Unemployment Rises, Manufacturing Contracts, Automotive Sales Tank, Consumers Still Wary and Chrysler's Online Suggestion Box. Global Economy in 2008 The global economy is expected to grow 3.8 percent this year, compared with 4.7 percent a year earlier, the Peterson Economic Institute recently told The Wall Street Journal. Russia, Brazil and Australia are poised to continue prospering. Fed...Read More »
... Additional Desktop Shenanigans and MORE. It's rare to see the words We're sorry stamped prominently on the home page of any airline. But that's exactly what British Airways proclaims concerning the complete mess that has become the new Heathrow Terminal 5. Moreover, a week ago BA Chief Executive Willie Walsh went so far as to make a public apology after the chaotic opening of the new Terminal...Read More »