SWOT Analysis
When your car starts to make funny noises and quits running well, what do you do? You either stop to do a check-up or you take it to a mechanic. But what about when your business is struggling and you’re not meeting your goals? That’s where SWOT analysis comes in. SWOT analysis is a method used to understand the strengths, opportunities, weaknesses, and threats of a company and provides both a high level and in depth look at internal and external factors; a sort of business “check-up.” Investopedia says: “The method of SWOT analysis is to take the information from an environmental...
Read MoreBaby Steps: Personal Finance
Baby Steps: Personal Finance Money. One word with lot’s of emotions behind it. Today, we’d like to change gears a bit and talk about personal finance. Here are what Dave Ramsey calls the 7 baby steps to financial peace: 1: Get an emergency fund Save up $1,000 for when those emergencies happen. It’s not a matter of if they will happen… it’s a matter of when. If your income is $20,000 or below then you can start out with an emergency fund of $500. 2: Get out of debt This is probably one of the hardest things for people because we think it’s...
Read MoreThe “How To” of Goal Setting: Objectives and Key Results
Image courtesy of myrestoredhealth.com Every small business owner knows that goal setting is a key to success. We all know why we need to set goals but the how is where we get hung up. And that’s where Google comes in. Their system of Objectives and Key Results (OKR’s) provides an excellent framework for goal setting and measuring. Here’s a brief intro to the method. In the first year of Google’s operations, John Doerr, big-time venture capitalist and entrepreneur, presented the idea of OKR’s to the founders. He committed them to a test run and now it’s become part of the...
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