What if closing a part of your business could make you more profitable? That’s exactly what Wendy’s is betting on by closing 140 underperforming locations despite a simultaneous expansion into high-growth areas. This strategy follows a wave of similar closures earlier this year as Wendy’s moves toward “quality over quantity” to protect its brand and […]
7 Critical Lessons from Wendy’s Decision to Close 140 Restaurants Read More »
I am excited to share this conversation between Dr. Ethan Karp and Dr. Vinod Purayath, a renowned innovator and scientist with over 150 patents. They discuss the importance of failure in fostering innovation and the future of sustainability in manufacturing. Don’t miss it!
Make It: Frank Conversations on the Future of Manufacturing with Vinod Purayath Read More »
This week, Springfield, Ohio, plays a pivotal role in shaping the future of transportation by hosting the National Advanced Air Mobility (AAM) Industry Forum at Clark State College. This event brings together leaders from the aviation industry to discuss groundbreaking advancements that could transform how we travel and transport goods. Why This Matters: Advanced Air
Advancing Air Mobility: Springfield Hosts National AAM Industry Forum Read More »
Ohio’s restaurant industry is experiencing a notable resurgence. According to John Barker, president and CEO of the Ohio Restaurant & Hospitality Alliance, the state now boasts about 1,000 more restaurants than it did pre-pandemic, with the total number reaching approximately 25,000. This rebound began in late 2023, signaling a critical recovery phase for the sector.
Inflation, Innovation, and Insight: The New Rules for Ohio’s Restaurants Read More »
Introduction In the industrial heartland of Northeast Ohio, brothers Mike and Dave run a small but proud manufacturing business. Their company has been a cornerstone of the community for decades, producing high-quality steel components for various industries. However, in recent years, Mike and Dave have felt the squeeze from forces far beyond their control. Global
Braving Economic Storms: Thriving Amidst Global and Local Pressures Read More »
All of us have experienced the frustration of indecision. Like scrolling through countless movie options on our favorite streaming app without settling on anything? This example is a classic case of Hick’s Law at work. What is Hick’s Law? Hick’s Law, named after psychologist William E. Hick, explains that the time it takes for a
The Art of Simplification: Streamline Your Offerings to Drive Conversions Read More »
This article is from our “Start-up Business Series.” Starting a new business in a small city can be both exciting and challenging. As a new business owner, you might wonder how local governments can support your journey and help your business grow. Here are some practical ways local governments can create, maintain, and accelerate small
Boosting Small Business: How Local Governments Support Growth in Small Cities Read More »
Meet Rick Slark, the owner of Slark Consulting Group. Rick is a seasoned writer and blogger with a keen focus on small business success. As a featured speaker and thought leader, Rick brings valuable insights and expertise to help your business thrive. Follow his journey and gain practical advice tailored to your entrepreneurial needs. Connect
Meet Rick Slark, the owner of Slark Consulting Group. Rick is a seasoned writer and blogger with a keen focus on small business success. As a featured speaker and thought leader, Rick brings valuable insights and expertise to help your business thrive. Follow his journey and gain practical advice tailored to your entrepreneurial needs. Connect
In 2001, a bold forecast from economist Jim O’Neill at Goldman Sachs set the stage for a shift in global economic power. He predicted four emerging markets—Brazil, Russia, India, and China—would dominate the world economy by 2050. This prediction materialized in the formation of the BRIC group, which later expanded to BRICS with the inclusion
What Does the Rise of a New Economic Coalition Mean for the World? Read More »
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