small business owners

Amazon Storefronts – Amazon’s Online Store for the Small Business | Extraordinary Business

Amazon, the second company to hit a $1 trillion market cap (among other things), has launched an online store for small businesses. While critics of Amazon often call out the eCommerce giant for out pricing small scale businesses, this initiative provides a different narrative.

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How Small Business Owners Are Leading the Country in Innovation | Extraordinary Business

Recommended Reading: How Small Business Owners Are Leading the Country in Innovation

If you have been in business for a while, you and your staff probably have had some great ideas about how to improve your business. The interesting thing is, you are not alone. As a matter of fact, according to Patricia Greene, Professor of Entrepreneurship, Babson College in her article, “How Small Business Owners Are Leading the Country in Innovation,” as the title indicates, small business owners lead innovation – not just in product and service development, but also in their processes, markets they pursue and serve, sources of supply and changes in their business models.

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Total Market Domination | Extraordinary Business

One of the things that I see beginning to plague small businesses and make the world “un-flat,” again is obsolescence.  As you know, most small businesses that start up go out of business after a few years.  Only two out of the ten that opened their doors 10 years ago are still in business under the same leadership that established the business.

A little known fact is that probably only 4% (that’s right four out of 100) of business leaders ever make more than $100K per year.  (That means that if our mutual friend is bringing home more than $100K, you and I are out of luck!)  The reason I bring that up is because one of the reasons people go out of business is because they are under financed.  What that equates to is not having the resources necessary to keep the business in business. The World Isn't Flat

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Where do you Fit? | Extraordinary Business

Entrepreneur?

Small Business Owner?

High Growth Small Business Owner?

In August 2010 issue of Entrepreneur magazine (p. 14) (http://www.entrepreneur.com/), several business leaders were polled – most considered themselves entrepreneurial, while one considered herself a small business owner.  The common thread seemed to be that most thought that small business owners simply start and stay small, while entrepreneurs take huge risks and either make it big or lose everythingimage.

As a business strategy consulting firm, we are often faced with the question of how to help a client build their business with the ideal outcome that represents their role in their business.  This might be building a business around a great product or service, helping a business leader start or stabilizing an existing business, or developing a scalable, duplicate-able infrastructure for a high growth business.

The challenge for many business leaders is that they don’t know where they fit, and thus, are challenged when it comes to making certain decisions about their businesses.  Decisions for an entrepreneurial firm might be devastating to a typical small business firm…and visa versa.

Consider the following:

  • An entrepreneur often comes up with an on slot of ideas – good or bad – for businesses.  Many deal with “flash in the pan” types of goods or services, though some do take a single concept and grow and expand it for all its worth.  They typically are very good at leadership, but not so good at management – managing the day-to-day activities of a firm.  You might see them as people who are always building something.
  • A small business owner, on the other hand, is someone who tends to have the more stable personality, and will build a business  with the goal of making it possible, supporting their family and being part of the elite community of small business owners.  While they tend to be good or great managers, they often lack the leadership and drive toward a vision to grow a business that could be bigger than what they can physically put their hands on.
  • A high growth small business owner is probably the hybrid between the two: the business leader wants to not only start a business, but he or she wants to create something that makes an impact, ideally, on the way people do things for an unforeseen future.  Their businesses might start off as small, but are aiming to grow their businesses, as one client put it, “As big as it will grow.”

Understanding where a business leader fits directly impacts the way that the business should be designed.  As they say, “You can’t send a duck to eagle school.”  Be Extraordinary.  Know where you fit.

Aepiphanni Business Consulting: The Business Strategy People is a Strategy Consulting Firm dedicated to serving the needs of small to medium sized business leaders and executives. We specialize in helping leaders create extraordinary businesses.  We welcome clients in the personal and professional services industries, including Creative and Design Services, Software & IT Services, Professional Services and Healthcare Services.  As always, we welcome your comments, thoughts, questions and suggestions.  If you are seeking a business assessment, or have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].
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Technorati Tags: Extraordinary Business,Business Leader,Business Owner,Entrepreneur,High Growth Company,Business Architecture
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Where do you Fit? | Extraordinary Business

Entrepreneur?
Small Business Owner?
High Growth Small Business Owner?
In August 2010 issue of Entrepreneur magazine (p. 14) (http://www.entrepreneur.com/), several business leaders were polled – most considered themselves entrepreneurial, while one considered herself a small business owner.  The common thread seemed to be that most thought that small business owners simply start and stay small, while entrepreneurs take huge risks and either make it big or lose everythingimage.
As a business strategy consulting firm, we are often faced with the question of how to help a client build their business with the ideal outcome that represents their role in their business.  This might be building a business around a great product or service, helping a business leader start or stabilizing an existing business, or developing a scalable, duplicate-able infrastructure for a high growth business.
The challenge for many business leaders is that they don’t know where they fit, and thus, are challenged when it comes to making certain decisions about their businesses.  Decisions for an entrepreneurial firm might be devastating to a typical small business firm…and visa versa.
Consider the following:

  • An entrepreneur often comes up with an on slot of ideas – good or bad – for businesses.  Many deal with “flash in the pan” types of goods or services, though some do take a single concept and grow and expand it for all its worth.  They typically are very good at leadership, but not so good at management – managing the day-to-day activities of a firm.  You might see them as people who are always building something.
  • A small business owner, on the other hand, is someone who tends to have the more stable personality, and will build a business  with the goal of making it possible, supporting their family and being part of the elite community of small business owners.  While they tend to be good or great managers, they often lack the leadership and drive toward a vision to grow a business that could be bigger than what they can physically put their hands on.
  • A high growth small business owner is probably the hybrid between the two: the business leader wants to not only start a business, but he or she wants to create something that makes an impact, ideally, on the way people do things for an unforeseen future.  Their businesses might start off as small, but are aiming to grow their businesses, as one client put it, “As big as it will grow.”

Understanding where a business leader fits directly impacts the way that the business should be designed.  As they say, “You can’t send a duck to eagle school.”  Be Extraordinary.  Know where you fit.
Aepiphanni Business Consulting: The Business Strategy People is a Strategy Consulting Firm dedicated to serving the needs of small to medium sized business leaders and executives. We specialize in helping leaders create extraordinary businesses.  We welcome clients in the personal and professional services industries, including Creative and Design Services, Software & IT Services, Professional Services and Healthcare Services.  As always, we welcome your comments, thoughts, questions and suggestions.  If you are seeking a business assessment, or have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].
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Technorati Tags: Extraordinary Business,Business Leader,Business Owner,Entrepreneur,High Growth Company,Business Architecture
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Great Strategy Video from Tony Galliano

Tony Galliano � the Sixty Second Strategist, posts this video on his website titled �Strategic Planning Through Analysis & Forecasting.  In it, he discusses the idea that strategic planning doesn�t just happen, and just because you�ve come up with some things you would like to do, there is a process for your strategic planning that has to make sense. 

For more info on Tony and his work, check him and his book out at www.60secondstrategist.com.  Take the quiz � see what your Strategic Quotient is.

At Aepiphanni Business Solutions, we are a Small Business Consulting Firm dedicated to serving the needs of small business owners. We specialize in helping business leaders and executives organize, plan and develop strategies for their organizations. We are committed to our clients’ success. 

If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].


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Technorati Tags: Strategic Planning,Strategic Thinking,Video,60 Second Strategist
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The New New Economy: More Startups, Fewer Giants, Infinite Opportunity

The New New Economy: More Startups, Fewer Giants, Infinite Opportunity

At Aepiphanni Business Solutions, we are dedicated to serving the needs of small business owners. We specialize in helping you develop strategies for your organization, and are committed to your success. If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].

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Focus…Plan…Reach: Plan – overview of Business Systems Planning

Below is a portion of the ‘Focus…Plan…Reach: Moving Beyond Today’s Economy’ presentation.  This portion is the “Plan” Section that discusses viewing a business as a system, and prioritizing planning and decision making for the business leader or executive.clip_image002

Enjoy!  I welcome your comments.

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At Aepiphanni Business Solutions, we are a Small Business Consulting Firm dedicated to serving the needs of small business owners. We specialize in helping you develop strategies for your organization, and are committed to your success. If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].


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Getting There…Maybe??

Strategic planning for your business isn’t simply a matter of getting an idea and putting some steps to get there on a piece of paper.  It isn’t just finding ways to increase capacity, add to your product line or open more offices.  While many business owners operate from this perspective, this isn’t a sustainable method: it tends to be short sighted, and is easily pushed off track.

Strategic planning can be likened to a sport: not only do you want to win, but you need to have an idea of how to do it.  If it is soccer, for instance, you need to know the rules, how to kick, accurately, what the different positions are and how they interact.  You must have leadership and a team committed to the same goal of winning, who understand their role or position on the team.

Once the inter-team dynamics are considered, the leadership can begin to look at clip_image002the league, other teams, the playing field, the weather, the referees, etc..  While it is great to have a team that operates well internally, when the team goes out to play, so to speak, they need to know the playing field and how to defend it.  The more they know, the greater chance they have of developing strategies to win.

In a business, in order for your strategic planning to be effective, you must

  1. be aware of where you are going
  2. know how you want to get there
  3. know the organization’s strengths
  4. know the organization’s weaknesses
  5. know external opportunities
  6. know external threats

In other words, SWOT your business.  Only with this information should you begin to put some ideas down on paper.  Only with this information should you begin to plan for how to accomplish these goals.  To get started, find a typical SWOT diagram, here.

At Aepiphanni Business Solutions, we are a Small Business Consulting Firm dedicated to serving the needs of small business owners. We specialize in helping you develop strategies for your organization, and are committed to your success. If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].


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