Tom Spencer

SEPTEMBER 15, 2023

Apple’s and Amazon’s product lines are showcase examples of how to build a business ecosystem. What does the buzzword ‘business ecosystem’ really stand for? By creating an ecosystem, a business can funnel start-ups and small businesses to its core service, and create a one-stop-shop experience.

Telecommunications 88

Telecommunications B2B Travel Banking 88

Tom Spencer

JUNE 21, 2024

However, what my undergraduate business program failed to emphasize was the often-overlooked world of startups —particularly small businesses that operate outside the spotlight of household brand names or well-funded tech giants such as Uber or Airbnb.

Transportation 88

Transportation Engineering Resources Productivity 88

Tom Spencer

JUNE 30, 2023

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. In simple terms, asset management firms are the ‘manufacturers’ of investment products (e.g., clients can purchase iShares on the RBC Wealth platform).

Banking 78

Banking Management Real Estate Insurance 78

Successful Independent Consulting

JULY 21, 2018

About two months ago, the California Supreme Court issued a unanimous decision in the case Dynamex Operations West Inc. The company must only contract for the end product, not how it is achieved. The second requirement means that the hired worker must perform work that is outside of the company’s business. Have business cards.

Apparel 150

Apparel Advertising Consulting Operations 150

Consulting Matters

APRIL 24, 2020

And through both of those processes, I served as an Operator, and then also as a Project Manager, and then a Master Black Belt Lead Sig Sigma process improvement black belt. Now, all of a sudden their operations are getting very sophisticated. I felt like they got a lot out of it. We don’t have to do that.

Interviews 156

Interviews Consulting How To Operations 156

Women in Consulting

FEBRUARY 20, 2014

For years, we have used the Generally Accepted Accounting Principle of expensing items that small businesses purchase of up to $500 or even $1000 when appropriate. . The rule is limiting businesses to expense a purchase which is $200 or less and consumed within a year. This is not going to happen to most small businesses.).

Balance Sheet 82

Balance Sheet Guidelines Policies Small Business 82

IMC USA

MAY 22, 2012

Are internal conflicts preventing your business from succeeding? Do you need a fresh perspective to help expand your operations? If so, your small/family business may find an advisory board useful. Once, many business owners viewed advisory boards as a somewhat desperate measure. Use the Pluses.

Knowledge Base 100

Knowledge Base Operations Insurance Insurance 100

Tom Spencer

APRIL 27, 2019

But for freelancers, entrepreneurs, and small business owners the idea of taking off anything more than the occasional weekend is more fraught with panic than with the prospect of taking it easy. It can be counter-productive to work too much, as stress levels and tired mistakes cancel out the extra hours you put in.

Small Business 113

Small Business Energy Media Operations 113

Harvard Business

JULY 25, 2017

Paying for a cup of coffee on an iPad is mainstream in big cities, but the majority of small businesses — the backbone of our local economies — have not yet fully come online. Bringing Your Operations Online. Bringing efficiency to operations is table stakes for retailers. Insight Center.

Small Business 28

Small Business Retail Real Estate Operations 28

Consulting Matters

JUNE 30, 2020

They are drawn to consulting because of how the profession allows them to solve complex problems as some of our survey respondents explained: My absolute favorite part is talking with a client and sniffing around their business to find out what's wrong with it and craft a solution to it. Honestly, that is the thrill. We got you covered.

Study 156

Study Consulting Survey Methodologies 156

Management Consulted

DECEMBER 4, 2016

Today, we continue our series of book reviews with a look at Beyond the E-Myth, the latest in a long line of great books by Michael Gerber (a marketing genius who has built a world-wide web of products and services to help small businesses grow). Each restaurant operates independently, yet exactly the same as all the others.

Enterprise 100

Enterprise Operations System Company 100

Tom Spencer

AUGUST 30, 2024

Open banking enables these third party service providers to develop new payment services and other financial products. They leverage APIs to create innovative financial products, such as budgeting apps, loan comparison platforms, and digital payment solutions, thereby enhancing customer choice and convenience.

Banking 88

Banking Financial Data Industry 88

Tom Spencer

OCTOBER 15, 2021

5G networks are a promising wireless technology that online bookmakers and sports betting operators should factor into their business strategy. The onus is on online bookmakers and sports betting operators to incorporate 5G technology into business strategy in order to improve their services and make sports betting more enjoyable.

Sports 78

Sports Wireless Cash Flow Tools 78

Kates Kesler

JUNE 11, 2014

Royal Dutch Philips is a $20B diversified consumer electronics, healthcare, and lighting products company. A new CEO was quickly able to help his team see they were victims of too much emphasis on global business units. PepsiCo is a $65B food and beverage giant, with a dozen global brands, operating in 190 countries.

Apparel 82

Apparel Healthcare Enterprise Chemicals 82

Management Consulted

OCTOBER 3, 2012

For instance, we examined predatory pricing in the airline industry and illegal product tying by Apple, Microsoft, and AT&T. For our final project, the class was broken into small groups and each group wrote a 40 page paper examining a thesis in an industry of their choosing. He said the prompt “intrigued” him.

Consulting 204

Consulting Case Interview Interviews Engineering 204

Tom Spencer

SEPTEMBER 10, 2021

Looking at this same scenario from a different perspective, each research lab might be viewed as a small business or a start-up. They have an operating budget based on the amount of their grant. The productivity of a researcher can be evaluated using an index such as the h-index. They have to use their resources (e.g.

Metrics 88

Metrics Industry Benchmarking How To 88

Harmonious Workplaces

DECEMBER 27, 2023

However, I have found that the best results came from working with highly motivated, strongly competent, and extremely ethical recruiters who own and operate small businesses. The Risks of Recruiting on Your Own Business owners or executives can conduct the job selection process independently.

Recruiting 98

Recruiting Recruitment Meeting B2C 98

Tom Spencer

OCTOBER 24, 2020

Many small businesses, like family owned restaurants, operate on a cash only basis. Governments may view these businesses as tax evaders. Digital currency will usher in a cashless society, which may expose businesses to increased government scrutiny and higher tax burdens. Centralization of goods markets.

Banking 88

Banking Government System Policies 88

Tom Spencer

MARCH 24, 2023

Federal regulators had to take over operations to avoid economic disaster. Startups were pressured by the venture capital industry Up until the collapse, SVB had provided nearly $150 billion to technology startups in the form of venture debt, basically small business loans with fewer restrictions.

Banking 97

Banking Industry Real Estate Financial 97

MishTalk

AUGUST 4, 2015

July saw factory production in Greece contract sharply amid an unprecedented drop in new orders and difficulties in purchasing raw materials. July’s sharp decrease in the level of new business at manufacturers surpassed the previous record set in February 2012. well below the neutral 50.0 mark and its lowest ever reading.

Banking 28

Banking Small Business Retail Benchmarking 28

Harvard Business

MARCH 15, 2017

Over the past 20 years the economy has progressively moved away from the traditional model of centralized organizations, where large operators, often with a dominant position, were responsible for providing a service to a group of passive consumers. Recently, a new technology has emerged that could change this imbalance. Insight Center.

Operations 48

Operations Government System Software 48

Harvard Business

AUGUST 28, 2018

They had to work in sequence, meaning they had to streamline the operation first — before they could launch their new growth effort. The underlying trouble had been McDonald’s working from an inside-out perspective: what fit with its current infrastructure and operations.

Productivity 28

Productivity Sales Operations Groups 28

Seth Godin Blog

FEBRUARY 22, 2016

How do you find, lead and manage employees in a tiny business (two to nine people)? This is an organization that's bigger than a solo operation, but it almost certainly involves everyone reporting to the boss. These are jobs that get outsourced or people who work cheap.

Small Business 20

Small Business Management Travel Talent 20

Martinka Consulting

FEBRUARY 5, 2020

Dependencies are a huge issue in most small businesses. By being larger you can reduce most or all of the following: Customers Employees Management abilities Product Owner. And an owner dependency is often the brightest red flag for most profitable small businesses. Dependencies reduced.

Cash Flow 40

Cash Flow Small Business Sports Talent 40

Harvard Business

FEBRUARY 5, 2018

Practically every organization today has a set of core values that ideally function as the “operating instructions” of the company. Several words always come up in practically every discussion, no matter if the company is a large enterprise or a small business, B2B or a B2C, product or service, new or established.

Ethics 53

Ethics B2C B2B Company 53

Harvard Business

APRIL 26, 2017

Recent analysis by Bain and SAP found that only 7% of bank credit products could be handled digitally from end to end. Lending to small and medium-sized businesses is ready to move online. The problem is that about 60% of small businesses want loans below $100,000.

Banking 44

Banking Small Business Oliver Wyman Retail 44

Harvard Business

AUGUST 7, 2018

And in a small business, like a convenience store, it initially is: customers, employees, suppliers, and owners. It was a national distributor of milk and other dairy products and in it, farmers occupied two roles. Step one is to recognize your dependencies , i.e. your key stakeholders. You may think that this will be easy.

Case Interview 53

Case Interview Small Business Groups Examples 53

Asamby Consulting

DECEMBER 6, 2021

A strategy consultant will take an overall view of the client's business and market while looking at its allocation of resources, and try to improve the client’s business. Operations To put it simple, operational consulting improves the optimization of a company's internal operations and performance in the value chain.

Consulting 52

Consulting Financial Boston Consulting Group Operations 52

Strategic Planning and Management Insights

AUGUST 28, 2024

Jean shares his compelling story of building a $100 million business, losing it all, and then rediscovering his path through deep introspection and strategic planning. The conversation is packed with valuable insights for entrepreneurs aiming to achieve business success while maintaining a balanced and fulfilling life.

Groups 110

Groups Leadership Strategy Strategy& 110

Martinka Consulting

OCTOBER 23, 2019

And then we get to my world of small business where it’s usually not malicious but is accounting incompetence. I’m working on a potential deal where the owner (and his advisors) setup five companies, two operating, one management, one for real estate, and one for equipment.

Financial 40

Financial Cash Flow Real Estate Metrics 40

Asamby Consulting

MARCH 3, 2022

Manage Operational HR Functions Some of the major functions are HRIS management, payroll system management, and budget management. According to OnPay , 41% of small business owners choose to handle HR themselves. According to OASIS , 45% of small business owners spend 40 hours a month on HR related activities.

Recruiting 52

Recruiting Recruitment Policies Talent 52

Organizational Talent Consulting

MAY 8, 2023

Businesses need leaders able to take action amid economic uncertainty and operate effectively in a digital workplace with a diverse workforce. Studies reveal that a servant leadership style improves employee productivity and creativity. Productivity, wages, and intrinsic motivations. Becchetti, L., Castriota, S., &

Leadership 66

Leadership Journal Pharmaceuticals Study 66

Harvard Business

NOVEMBER 23, 2016

Small businesses and young businesses are especially vulnerable. Census Bureau shows that these businesses were more likely than the average business to close permanently after Hurricane Katrina, for example. Second, young businesses tend to grow faster than older ones, but also fail at greater rates.

Insurance 28

Insurance Insurance Small Business Finance 28

CaseInterview.com

DECEMBER 4, 2019

In my consulting practice today, I exclusively serve small businesses — some as small as $500,000 a year in sales up to $15 million typically (sometimes up to $300 million). With these clients, they often operate in very small industries and there’s just no data available (or affordably available) to analyze.

McKinsey 75

McKinsey Case Interview Bain Data 75

Harvard Business

JULY 26, 2018

On March 25 mighty Uber bowed out of Southeast Asia by selling its operation in several countries to local rival Grab. In 2016 the company sold its China operation to Didi Chuxing because of the fierce competitiveness of the local player. A year later, Uber admitted defeat in another region, selling its operation in Russia to Yandex.

Recruiting 38

Recruiting Recruitment Transportation Advertising 38

Martinka Consulting

NOVEMBER 7, 2020

I’m going to tie their newsletter’s topic to small business ownership and buy-sell deals. Her production company’s name? A Very Good Production. Like many people who make it big, as her celebrity and business grew, Ellen distanced herself from the employees who make her brand and empire function. Conclusion.

Operations 40

Operations Examples Advertising Small Business 40

Asamby Consulting

MAY 4, 2022

Reform your team’s meeting habits to boost productivity and business impact as a CEO (a post-pandemic approach). If you work at a small business or growing company, you'll eventually face the problem of too many meetings. And with less productivity comes less impact and/or innovation. But can we revert back?

Meeting 52

Meeting Tools Survey Productivity 52