Economic Development – Slark Consulting Group

Is Your Business Ready for Change? 5 Key Areas to Reassess Now

Business Development, Capital/Finances, Charts and Trends, Economic Development, Government Regulations, Leadership, Management / Rick Slark

Change is inevitable in business, and with 2025 on the horizon, shifts in economic policy, market trends, and regulations could significantly impact your company. The key to staying ahead isn’t just reacting—it’s proactively reassessing your strategy. In this article, we explore five critical business adjustments you should make now to prepare for potential challenges and opportunities. From navigating economic fluctuations to adapting to new regulations and evolving customer behaviors, this guide will help ensure your business remains agile and competitive. Will you lead the change or struggle to keep up? Read on to find out how to position your business for success in 2025.

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7 Critical Lessons from Wendy’s Decision to Close 140 Restaurants

5 Lessons I Learned This Week, Business Development, Charts and Trends, Economic Development, Management / Rick Slark

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

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Make It: Frank Conversations on the Future of Manufacturing with Vinod Purayath

Economic Development, Manufacturing, Video / Rick Slark

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!

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Advancing Air Mobility: Springfield Hosts National AAM Industry Forum

AI/Tech, Business Development, Charts and Trends, Economic Development, Partnerships, Video / Rick Slark

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

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Inflation, Innovation, and Insight: The New Rules for Ohio’s Restaurants

Business Development, Charts and Trends, Economic Development, Management, market research, Marketing, Sales & Service / Rick Slark

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.

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Braving Economic Storms: Thriving Amidst Global and Local Pressures

Business Development, Charts and Trends, Economic Development, Manufacturing, Strategy / Rick Slark

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

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The Art of Simplification: Streamline Your Offerings to Drive Conversions

Business Development, Charts and Trends, Economic Development, Management, Marketing, Strategy / Rick Slark

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

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Boosting Small Business: How Local Governments Support Growth in Small Cities

Business Development, Economic Development, Leadership, Start-Up / Rick Slark

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

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Rick Slark of Slark Consulting Group: Ohio’s Go-To Expert For Business Strategy and Growth

Business Development, Economic Development, Speaking and Workshops, Strategy, Wisdom / Rick Slark

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

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Meet Rick Slark

Business Development, Economic Development, GrowthWheel, Management, Professional Development, Speaker Series, Speaking and Workshops / Rick Slark

Meet Rick Slark Read More »