Millennials (born 1977 to 1995) are not starting businesses at the same rate as previous generations. Data from the US Small Business Administration found that fewer than 4% of 30-year-olds were self-employed full-time. At the same age, 5.4% of Generation X-ers and 6.7% of Baby Boomers were fully self-employed. Overall, the number of self-employed AmericansContinue reading “Where are all the millennial entrepreneurs?”
Think back to the 1980s when PCs disrupted business and the beginning of a digital era. Basic bookkeeping and back-office functions turned to computers to improve the speed and accuracy of their internal processes. ERP (enterprise resource planning) led the way and is now fundamental for any business in any industry. In 1999, Siebel becameContinue reading “Product Development is Ripe for Digital Disruption”
Marketing does not have to be complex. Focusing on the fundamentals and building a strong digital foundation will help most prevent business leaders from wasting resources and incurring technical debt.
The term digital can mean many things and many companies will use it in a number of ways. You can think of digital as being anything done with a computer or technology instead of manually doing it with a pen and paper. Some examples would be: Sending an e-mail instead of a letter Ordering foodContinue reading “Why Building a Digital Foundation is So important”
A business model is a repeatable process for how your business makes a profit. It seems simple enough conceptually but, defining your business model is extremely important when building a company. It may be easier to think about with an example. Let’s say you want to open a pizza shop in your hometown. You recentlyContinue reading “What is a Business Model?”
Data is everywhere today and we have more information available at our fingertips than we ever have in the history of mankind. We create data every time we interact with our smartphones, turn on the TV, or hop in our car and drive to work. The amount of data created is expressed in numbers thatContinue reading “The Danger of Anecdotes in Decision Making”
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