Strategy

Stop Watering Dead Plants: Recognizing When It’s Time to Let Go

“You can’t water dead flowers back to life.” As business owners, we’re driven by optimism. We see potential in every idea, client, and strategy. But sometimes, that optimism can become a trap. We find ourselves pouring time, money, and energy into things that aren’t delivering results—hoping they’ll turn around. But the truth is, you can’t …

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Unlock Business Growth: Your Essential Guide to Lines of Credit

Get ready to supercharge your business! In this episode, Rick Slark teams up with Sabrina Tackett to break down everything you need to know about leveraging lines of credit. From securing the best terms to using credit to fuel your growth, this podcast is packed with powerful insights every entrepreneur needs. Whether you’re just starting …

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What Can I Learn from the Home Improvement Slowdown? Consider These Actionable Strategies

Introduction In a world where 60% of homeowners are delaying renovations, understanding consumer behavior has never been more crucial for small business owners. Recent reports from home improvement giants Lowe’s and Home Depot reveal that consumers are postponing major renovation projects due to economic uncertainty. With rising interest rates and inflation tightening household budgets, homeowners …

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Braving Economic Storms: Thriving Amidst Global and Local Pressures

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

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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Is Your Manufacturing Business Prepared for the Future?

“The manufacturing sector is a cornerstone of the American economy, but it’s currently standing on shaky ground,” says Timothy Fiore, Chair of ISM’s Manufacturing Business Survey Committee.  Despite substantial investments, the US manufacturing sector is experiencing a downturn. The sector contracted for the fourth consecutive month in July, with factory orders falling by 3.3% in …

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7 Tips For Escaping The Planning Trap: Turning Your Plans Into Action

Introduction “Perfection is the enemy of progress.” – Winston Churchill As a business consultant, I’ve seen firsthand how the fear of starting can cripple progress. One of my clients, Sarah, had a brilliant podcast idea. She spent months planning, tweaking, and revising but never hit the record button. Sarah’s story is not unique; many entrepreneurs …

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

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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How Express is Rewriting Its Future in Retail

Express, alongside its associated brands Bonobos and UpWest, once thrived as a cornerstone of American corporate wardrobe retailing. However, the advent of remote work and a drastic shift in consumer fashion preferences led to a significant downturn in the company’s fortunes. In the wake of changing work cultures, Express confronted stark financial realities, accumulating nearly …

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Navigating Success: The Critical Path of Setting Business Objectives and Goals

Amid business uncertainty, clarity in objectives and goals stands as the beacon that guides companies through the murky waters of the market. Establishing clear, actionable, and strategic goals is beneficial and imperative for sustained success. Let’s delve into the significance of setting short-term and long-term business objectives, understand the repercussions of navigating without them, and …

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