In today’s dynamic and interconnected world, small businesses face a multitude of global trends that shape the way they operate, compete, and grow. These trends represent both challenges and opportunities, and understanding them is essential for small businesses to thrive in the ever-evolving business landscape. In this introduction, using environmental scanning, we’ll explore these key … Read more
Continuing education and training are crucial for small business entrepreneurs for several reasons: Popular subjects for small business entrepreneurs in continuing education and training include: Entrepreneurs access education and training through various means: The specific choice of subjects and educational methods may vary depending on an entrepreneur’s industry, goals, and preferences. The key is to … Read more
An outline of an administrative management plan tailored for a typical sole proprietor
We are creatures of habit. Whatever we do, we get better at. Practise makes perfect. “The path to mastery is through repetition.” “We are what we repeatedly do. Excellence, then, is not really an act, but a habit.” Plato In systems science there is a concept of path dependence. In the realm of practices, such … Read more
Navigating Complexity: Systems Thinking and ADKAR Approach in a Changing World We live in a complex civilization of eight billion people, the majority of whom are connected by the internet and global supply chains. The past 150 to 200 years, just two or three lifetimes, have changed the human condition dramatically, with introduction of stock … Read more
Introduction In today’s dynamic and uncertain business environment, entrepreneurs face a rapidly changing landscape filled with complexities and challenges. To thrive in this ever-evolving business ecosystem, entrepreneurs must explore new ways of thinking and doing business. This article discusses the importance of holistic thinking, connectedness, systems thinking, community economic development, collective intelligence, and artificial intelligence … Read more
In the world of entrepreneurship and small business, success often hinges on your ability to tap into the collective intelligence of your team, network or community. Collective intelligence is the concept that the combined knowledge, skills, and insights of a group are often greater than what any single individual can achieve alone. Think “hive-mind”. It’s … Read more
Unlocking Growth: The Power of Community Economic Development for Small Business Entrepreneurs As a small business entrepreneur, you’re already well-acquainted with the trials and triumphs of running your own venture. But have you ever considered the untapped potential of community economic development (CED)? It’s not just a buzzword; it’s a powerful strategy that can benefit … Read more
Conventional Small Business Management Of course every entrepreneur wants to maximize their value offering. But there is more than one way to do this. There is growing evidence that small businesses need to shift their approach in order to management the growing changes, complexities and uncertainties in their business environments. A systems approach offers a … Read more
Here you will find quick descriptions and explanations of common small business terms, concepts and principles to help you find your way. Welcome to Your Small Business Wiki: Your Guide to Success! Introduction: This Small Business Wiki is your go-to resource for everything related to running and managing a successful small business. In today’s competitive … Read more
