Strategy

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How to Grow Your Business in a Downturn - Part 7
In our previous posts, we've talked about three tectonic shifts that define our current context; two insights based upon rigorous analysis of what happens before, during, and after a recession; the stresses in our current recession, the winning strategy; a strategic framework we...
 
 
How to Grow Your Business in a Downturn - Part 6
In our previous posts, we've talked about three tectonic shifts that define our current context, two insights based upon rigorous analysis of what happens before, during, and after a recession, the stresses in our current recession, the winning strategy,...
 
 
How to Grow Your Business in a Downturn - Part 5
In Part 1 of this series, we looked at three tectonic shifts that define our current context, in Part 2 we looked at two insights based upon rigorous analysis of what happens before, during, and after a recession, Part 3 we looked at the stresses in our current recession...
 
 
How to Grow Your Business in a Downturn - Part 4
In Part 1 of this series, we looked at three tectonic shifts that define our current context, in Part 2, we looked at two insights based upon rigorous analysis of what happens before, during, and after a recession, and in Part 3 we looked at the stresses in our current recession to get a...
 
 
How to Grow Your Business in a Downturn - Part 3
In Part 1 of this series, we looked at three tectonic shifts that define our current context and in Part 2 of this series, we looked at two insights based upon rigorous analysis of what happens before, during, and after a recession. In this post, we will look at the...
 
 
How to Grow Your Business in a Downturn - Part 2
In Part 1 of this series, we looked at three tectonic shifts that define our current context. In this post, we will look at two insights based upon rigorous analysis of what happens before, during, and after a recession.Insight #1 – According to analysis by the Boston Consulting Group,...
 
 
How to Grow Your Business in a Downturn - Part 1
In order for us to fully understand the state of the “new normal” for business and how that impacts how we can grow our companies in a downturn I’d like to start out this blog series by looking at the current context, then we will look at some stunning insights into what happens before,...
 
 
Zip Campaign: Groupon Fast Follower and Potential Groupon Killer
You've probably heard that Groupon is planning an IPO at an unheard of value of $15 billion and the company is barely three years old. You've probably also heard that there are now tons of Groupon "copy cats" that are "just like" Groupon. Entrepreneurs and venture capital investors can...
 
 
New Profile: Veterinarian Creates a Low-Cost, High-Margin Practice Using a Unique Business Model
Check out our latest entrepreneur profile of Ben Character and his creative approach to designing his own successful and highly-profitable veterinarian practice after working for -- and studying -- the operational issues with typical veterinarian practices...  ...
 
 

Q&A

Pastor Looking to Coach CEOs
I am a pastor looking to launch a CEO coaching service to help them with the development and implementation of a vision for how to transform their companies into a Christian-led, Biblically-operated company. I have developed a process that includes discipleship and setting the tone of the company....
 
 
Looking for Industries with the Best Opportunities
How do you anticipate which industries are set to change and provide the most opportunities in the next fear years? ...
 
 
Starting a Small Manufacturing Business
Is it possible for our kids to have a small manufacturing business (like sewing small stuffed animal toys for a specialized tourist shop) and complete with Chinese labor or is this a lost cause from the start?  Can they try just making some items or do you want an LLC before trying to sell any...
 
 
Building an IT Managed Services Business
I have just started managing an IT Service company a couple months ago.  Where is the best place to start implementing some of these concepts of how to think like an entrepreneur?  I'd like to take our company to IT Managed Services, but we are so small that just servicing the help desk...
 
 
Is Custom Software Development a Good Business Idea?
Would you recommend someone start a business that is "custom" i.e., offering programming or software, for each customer, and not as scalable?  And, if so, does this mean a consulting company would not be as profitable a business model? ...
 
 
Making Opportunistic Decisions
Thanks for all you do! During the CMR case study discussion in Venture Academy DVD Training Series one of the points you had mentioned was making "strategic" rather than "opportunistic" business decisions.  Yesterday I heard something interesting along those lines, so I'll describe the...
 
 
Civil Engineer Seeks to Reposition His Company
I heard your talk at the CHEC conference recently.  Thanks for your personal choices coupled with God's Grace!  My business can most definitely use the help New Venture Lab provides.  I own a Civil Engineering business (3.5 years old) and Land Survey Business (just starting).  I...
 
 
Disruptive Business Models
Regarding your post on Web-based Tutoring, this concept of "disruption" is very interesting. Can anyone explain this in more detail? Many of these ideas are new to me....
 
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Taking an Invention to Market
I am a 48-year old man with no business experience in terms of starting a company, raising capital or running a company, but I've invented a product that I feel would be very useful for every bathroom in the U.S. and I believe it would be a huge hit.  Any recommendations on what I should do...
 
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Strategy for Starting a Specialty Food Company
I have an idea for a specialty food product that I'd like to start with my family, but I have no idea how to get started or how much money may be needed to create the infrastructure to produce the product.  What advice would you offer someone in my position?...
 
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Growing a One Product Company
How should I think about the strategic options to grow my one product company beyond my initial product?...
 
 
Industry Dynamics
What are the key considerations when researching and analyzing industry dynamics? ...
 
 
Assembling a Team of Advisors
What is the best way to enlist a team of advisors to be my thought partners and to help me strategically guide my business?...
 
 

Quotes

General Norman Schwarzkoph on Strategy
Leadership is a combination of strategy and character.  If you must be without one, be without the strategy. - General Norman Schwarzkopf, American Army General and commander of the Coalition Forces in the Gulf War of 1991...
 
 
Proverbs 12:15
The way of a fool is right in his own eyes: but he that hearkeneth unto counsel is wise. (KJV)...
 
 
Jeff Bezos on Strategy
A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well. If you do build a great experience, customers tell each other about that. Word of mouth is very powerful. There are two kinds of companies, those that work to try to charge more and...
 
 
Andrew Carnegie on Strategy
Here is the prime condition of success: Concentrate your energy, thought and capital exclusively upon the business in which you are engaged. Having begun on one line, resolve to fight it out on that line, to lead in it, adopt every improvement, have the best machinery, and know the most about it....
 
 


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Additional resources offered by New Venture Lab:

Family Works: Inspiring Profiles of Family Business - Volume One

Family Works: Inspirting Profiles of Family Business - Volume Two

Venture Academy Online - subscription-based HD video of our Christian entrepreneurship training course

 

Startup Financial Model Website

The Startup Financial Model a detailed, multi-sheet, completely integrated, easy-to-configure Excel-based business plan model for those who are planning or running a startup or small business and want an excellent financial model to enhance their business plan and capital-raising efforts. This companion site of ours includes step-by-step video instructions and customers choose what price they pay.