Thanks to the free market, supply and demand always find a balance. The returns associated with the risk of capital needed to start a business will balance out and reach an equilibrium. Once the return to start a business drops below the associated perceived risk, new companies will no longer…

The tensile strength of steel is 40,000 pounds of force per square inch, and brick has a tensile strength of 12,000 PSI. Why does that matter? Every good engineer and building company has stress-tested their materials to know their breaking point. Understanding the pressure at which their materials will fail…

I have spent a lot of time with successful entrepreneurs. Being a small business owner, it became natural to spend time with other small business owners. Within my circle, the other entrepreneurs come from all walks of life. Some have MBAs. Others did not continue their education past high school…

I get it. Ever since the COVID pandemic rocked our economy and jeopardized the job security for millions, people have turned to hustles to make extra income. For some, earning extra money on the side has kept them afloat through these unprecedented times. I am not here to tell you…

“Wait, what”? was the response I received from my equity partner when I told him my growth plan for 2021 included intentionally reducing our revenue by 50%. Here was my logic. Like most industries, my company’s marketplace consists of big boxes, small chains, individual owned stores, and only a few…

When I started my company the first task was to figure out how to grow the business. (I know, pretty insightful) After talking with a few other small business owners that I respected, I formed a three-pronged approach which would result in the quickest growth. The plan included: Hiring a…

A good friend of mine spent close to a decade after college playing poker for a living. He decided to take this route because, throughout his 4 years in college, he had refined and honed his skills. …

If a quarterback has an incredible arm but cannot scramble, the opposing coach game plans how to stop the pass. If it works, the other team has gained a competitive advantage over the quarterback by recognizing their weaknesses. Yes — I am talking about you, Payton. The same example can…

Starting a business is always challenging. If you have never been through the startup process, it can seem daunting. How do you even begin, and what deserves consideration? After researching, reading, and reviewing, you will develop a business plan. More than likely, your plan will include; a description of your…