Weekly Curated Content for Business Owners

The best articles, blog posts, videos, slides and more selected from hundreds of sources and organized in four mission-critical topics for your business.

Weekly Curated Content for Business Owners

The best articles, blog posts, videos, slides and more selected from hundreds of sources and organized in four mission-critical topics for your business.

Weekly Curated Content for Business Owners

The best articles, blog posts, videos, slides and more selected from hundreds of sources and organized in four mission-critical topics for your business.

4 Things You Need to Know

One email a week.

People

1) People

A business doesn’t really thrive unless its employees do, too. Mind the needs of your people and watch your business soar.

Strategy

2) Strategy

Mission defines strategy, which defines structure. Revisit your plan frequently and make yourself accountable to a trusted colleague.

Execute

3) Execution

Making strategy work is harder than making strategy. Be a student of process improvement and continue to plan, act, and adapt.

Cash

4) Cash

Cash, the lifeblood of any business, gives you better buying power, more flexibility, a way to keep up with debt, and a way to grow.

Recent Weekly Digests

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  • March 25, 2017

    1) People

    Nine Things Good Leaders Never Do When Running a Meeting
    To do: Start and end on time. Provide information in advance so participants can work out solutions before entering the room. Limit agendas to single action-oriented sentences like “Determine the event location.” Clearly state what’s been decided, what needs to be done, who will do it, and by what date. Spend less time talking and more making progress toward your goal by following these simple guidelines. You’ll be on your way to delivering a great meeting that’s on time and on point. by Jeff Haden on Inc.

    2) Strategy

    Seeing Beyond the Loyalty Illusion
    Are your investments in customer loyalty paying off? Maybe not, if you heed these stats: 23% of global consumers actively dislike loyalty programs, and only 12% will publicly endorse (or defend) a brand on social media. Adding insult to injury? Fifty-four percent of consumers have switched service providers in the past year. Yow! It’s enough to make any business owner rethink what “loyalty” really means. But don’t lose heart — here’s how you can maximize loyalty’s value for your customers and your business. by Robert Wollan, Phil Davis, Fabio de Angelis, and Kevin Quiring on Accenture

    3) Execution

    Three Levels of a “Fix”
    When a company runs into a problem, three approaches (or “levels”) of a fix typically apply: 1) Fix the problem, 2) implement an inspection, and 3) change or improve the system. Most businesses expend 30–40% of their total efforts fixing and checking processes, but only 1–4% making system changes. Even worse, those inspections add waste that may never go away. What if your company concentrated instead on continually refining its processes? Here’s how focusing on improvement can save money and time. by Craig Tickel on GoLeanSixSigma

    4) Cash

    Ready for FASB? These 5 Disruptive Consequences Can Hurt Your Business
    The new FASB standard, which aims to improve financial reporting on leasing transactions, is expected to impact all leased assets, not just commercial real estate. That means the new standard could affect almost all businesses — and how they operate. While a recent Deloitte poll found more than half of the companies surveyed plan to invest more time in converting to new reporting standards, only 14% felt “very prepared” to do so. Here’s how you can protect your business against potential disruptions. by Howard Ecker on the Huffington Post
  • March 18, 2017

    1) People

    The Job Interview Will Soon Be Dead. Here’s What Top Companies Are Replacing It With
    Eighty-one percent of people lie during traditional in-person job interviews — they think it’s the only way they’ll get the job. Fudging a little about certain skills may not seem like a big deal. But what if your new hire truly can’t hack it once he’s on the job? To avoid hiring misfires, companies are replacing face-to-face interviews with paid job “tryouts”: Candidates get a chance to temporarily join the team and show their stuff in real time. Here’s how two cutting-edge companies are turning job tryouts into triumphs. by Marcel Schwantes on Inc.

    2) Strategy

    Keeping Transformations on Target
    Any leader who’s participated in a large-scale corporate transformation program knows the huge amount of planning, commitment, and hard work needed to pull the thing off. Unsurprisingly, McKinsey and Company research shows only 30 percent meet their goals. Common mistakes include burdening a few high performers with most of the work, trying to capture too many metrics, and not scheduling progress updates between milestones. Follow McKinsey’s detailed transformation plan for best results. by Michael Bucy, Tony Fagan, Benoît Maraite, and Cornelia Piaia on McKinsey&Company

    3) Execution

    Neuroscience Study Finds Ads on Pandora Outperform TV and Radio Spots
    To better understand music’s effect on memory, companies like Pandora are using science to assess the value of music in advertising. A recent neuro-marketing study showed that ads played during Pandora playlists stayed in listeners’ long-term memories better than terrestrial radio, TV commercials, or mobile video ads. So ads with music may help brands enter consumers’ subconscious memories and influence their future purchasing behavior. Sound interesting? Learn more about how ads affect the brain. by Marty Swant on Adweek

    4) Cash

    Artificial Intelligence Comes to Financial Statement Audits
    Using technology to audit your company’s financial transactions can save time, money, and frustration. But can businesses confidently rely on machines to do the best job 100% of the time? While computers can identify anomalies in data sets and complete repetitive tasks in record time, they’ll never replace the thoughtful examination and judgment the human mind can provide. Here’s how combining the latest technology with good ol’ human deduction can deliver the best of both worlds for your business. by Bill Brennan, Mike Baccala, and Mike Flynn on CFO
  • March 11, 2017

    1) People

    Seven Ways Managers Motivate and Demotivate Employees
    Motivated employees are just better all around — more creative and productive, with higher sales figures. They’re also less likely to walk when times get tough. Research reveals that managers directly influence 70% of their employees’ motivation — ergo, good manager-employee relationships can mean the difference between holding on to your best employees and watching them go. Keep your people engaged and happy by banishing this bad behavior from your management team. by Dr. Travis Bradberry on Huffington Post

    2) Strategy

    What You Can Learn From the World’s Most Innovative Companies of 2017
    If you want to know where innovation is headed, take a look at the Fast Company 2017 list of 50 Most Innovative Companies. Who’s #1 this year, who’s new to the list — all interesting, but the kernels of insight lurking beneath the surface are far more intriguing. For example, it’s possible to take a “boring” product that most people use every day (and would be hard-pressed to live without) and transform it into a $200-million-a-year business. Dig into all 10 deeper innovation insights here. by Robert Safian on Fast Company

    3) Execution

    The Next-Generation Operating Model for the Digital World
    Every company wants to build value, deliver great customer experiences, and use the latest technologies to improve quality and efficiency. But how? Adopt a next-generation operating model. Start by stepping back and reimagining your business’s entire customer experience. Focus on simplifying customer journeys and streamlining the internal processes behind them. It sounds like a lot of work — and it is — but you can tackle it with a strong plan and support from your senior leadership team. Follow this two-part approach. by Albert Bollard, Elixabete Larrea, Alex Singla, and Rohit Sood on McKinsey & Company

    4) Cash

    Doubts Arise as Investors Flock to Crowdfunded Start-Ups
    The JOBS Act of 2012 lowered the regulatory barriers preventing companies from raising money from ordinary people. But many companies aren’t compliant with SEC rules, and unsophisticated investors have given money to companies that weren’t financially certified or audited; other companies have assigned themselves valuations so high their investors aren’t making their money back. Before you invest — or start a campaign of your own — find out what’s being done to protect investors and entrepreneurs. by Nathaniel Popper on the New York Times