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.

1) People

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

2) Strategy

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

3) Execution

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

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

What did you miss?

  • July 22, 2017

    1) People

    How New Executives Can Mitigate Employee Resistance
    About 40 percent of executives hired for a new role fail within the first 18 months. Though a number of factors may be at work, staff resistance is usually the heart of the problem. To help new leaders’ ideas and authority gain acceptance, encourage them to: 1) Take time to learn all about the business (its history, culture, people, and function), 2) meet with a variety of stakeholders to ask questions and gather insights, and then 3) follow up later to share how stakeholder input helped influence their plans. Employees have a hard time resisting something they’ve helped to shape. by Emily Bermes on Talent Economy

    2) Strategy

    Why Business Leaders Need to Read More Science Fiction
    What might your business accomplish by abandoning analysis and embracing creative ingenuity? Companies like Google, Microsoft, and Apple are finding out in a rather unorthodox way: by hiring science fiction writers as consultants. Sounds crazy … but it’s true. In fact, science fiction played a role in the development of Amazon’s Kindle and also helped bring concepts like virtual reality to fruition. By adopting science fiction’s attitude of boundless imagination, companies are reframing their perspectives, challenging their assumptions, and creating space to disrupt. by Eliot Peper on Harvard Business Review

    3) Execution

    Achieving Digital Maturity: Adapting Your Company to a Changing World
    Want to put your company on the fast track toward digital maturity? The time to start is right now. The bad news? It’ll require rethinking your business from the ground up, which you can’t do overnight. Some key principles to get you going: 1) Make digital a core part of your organization, 2) generate momentum from experiments to drive scale, 3) nurture a culture and org structure that enable digital maturity, and 4) become a talent magnet. Already putting these principles into action are companies like Marriott, Walmart, and Cigna. What they’ve learned can accelerate you down the track. by Gerald C. Kane, Doug Palmer, Anh Nguyen Phillips, David Kiron, and Natasha Buckley on Deloitte University Press

    4) Cash

    Three Ways Firm M&A Growth Strategies Fall Apart
    Mergers and acquisitions can seem like a great way to quickly add expertise to your business, multiply resources, and expand into new markets. But this time-honored growth strategy comes with its own set of risks. Business owners who jump in without considering the cultures, differentiation strategies, and brand identities of the acquired firm may be headed toward disaster. If you’re serious about growing through M&A, act deliberately, perform your due diligence, and don’t be afraid to walk away if a merger isn’t quite right. by Candis Roussel on Accounting Web

  • July 15, 2017

    1) People

    Why Do Employees Quit on Their Bosses? Because They Never Get Asked These Important Questions
    Leaders who provide exposure and training to fit their workers’ strengths, create opportunities to work on meaningful projects, and point the way toward well-defined career tracks send a clear message that employee growth is among their company’s top priorities. Asking where your employees want to go in their careers and how they feel about their current responsibilities is the only way to get to know them better and guide them up the ladder. Indeed, your having listened carefully to their answers may be what stops your best employees from walking out the door when things get tough. by Marcel Schwantes on Inc.

    2) Strategy

    The New Class of Digital Leaders
    If you’re going after more advanced digital competence in a piecemeal fashion, it might be time to designate — or hire — a Chief Digital Officer to lead the charge. What you want: someone who can get you past the usual obstacles, such as ad hoc digital initiatives spread throughout your organization with no central oversight, a talent gap, and legacy systems and structures that stand ready to sabotage your best efforts. You may have a CTO — but need marketing or change management chops. See how other companies are finding the right CDO to manage their particular needs. by Pierre Peladeau, Mathias Herzog, and Olaf Acker

    3) Execution

    Cyber Risk in Consumer Business
    Many businesses see harnessing emerging technologies to redefine products, services, and consumer experiences as just the modern cost of doing business. But that cost can get mighty steep. Cloud integration, customer analytics, and digital payment technologies may help raise company profits, but they also open the door to cyber threats. To keep your business secure and resilient, take a few key steps: 1) Perform an enterprise-wide cyber-risk assessment, 2) share findings, strategies, and roadmaps with your leadership team, and 3) inventory your third-party relationships to assess their level of risk. by Sean Peasley, Kiran Mantha, Vikram Rao, Curt Fedder, and Marcello Gasdia on Deloitte University Press

    4) Cash

    How to Capture More Value With Price Segmentation
    What’s the best formula for determining the right price segmentation for your business? A healthy mixture of data and analytics, sound business judgment, and context provided by your sales team should do the trick. Also, keep in mind your understanding of what your customers typically value in the offering and then try to set your pricing based on your estimation of what they’re willing to pay. Want to dig a little deeper? Loop in your sales leaders and ask them to put a structure and logic in place that’s based on what their best salespeople are doing and that includes their perspectives. by Alex Hoff on CFO 

  • July 8, 2017

    1) People

    Why Working From Home Is a “Future-Looking Technology”
    Requiring employees to be in the office every day, a work tradition established during the Industrial Revolution, may be headed the way of the dinosaur. Results of a two-year study show that offering employees one work-from-home day a week as part of the company sustainability strategy allows them to concentrate more and improves their ability to perform. Even better, the research indicated a drop in employee resignations and an increase in profits (about $2,000 for each person working at home) for the participating company. by Shana Lynch on Insights by Stanford Business

    2) Strategy

    How to Innovate in Mature Markets
    Most firms today recognize the importance of innovation, even in mature industries. Green Mountain Coffee Roasters utilized their knowledge of how their customers use their products to invent the K-Cup and Keurig coffeemaker — which became a $2 billion business. Proctor & Gamble reinvigorated its Olay skincare business by expanding its creative viewpoint to include knowledge, technology, and ideas from outside the company. Having the courage to radically change their perspective altered both firms’ business outcomes for the better. by J.P. Donlon on Chief Executive

    3) Execution

    Data Breaches Often Come From Where You Expect It Least
    Data breaches making the news in recent years — Target, CiCi’s Pizza, and Wendy’s, to name a few — have been traced back to third-party vendors. That’s worrisome considering most smaller businesses depend on vendors for equipment rentals, telecommunications, and billing and mailing services. By taking simple precautions (like checking for certifications from AICPA SOC, NIST, HITRUST, and ISO 9001), you can protect your business from breach damages that will tarnish your brand reputation and lose you money and customers. by John White on Inc.

    4) Cash

    Collaboration Is “Magic Ingredient” for CFOs: SAP Study
    Among the key characteristics shared by leading CFOs, the ability to regularly collaborate with business units across the company carries the most weight. According to a new report, companies with a “visible and influential” finance function saw revenues rise more than 5% over the past year, largely due to finance’s sway over other areas of the business, including procurement, innovation, and new product development. Other top CFO characteristics include being able to improve efficiency with automation, being effective at core finance processes, and excelling at handling regulatory change. by David McCann on CFO.com (more…)