This Week in Business Strategies

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May 20, 2019—To better assist shop owners with their production management, marketing tactics and leadership styles, Ratchet+Wrench has compiled a short list of essential business-building material from some of its favorite sources.

If You Want Results, Don't Avoid Drama, Create It – Forbes

The human psyche is drawn to the unusual. A siren blaring down the road inspires immediate intrigue. A nasty conflict on a reality show wrangles our attention. And, gossip at work can capture our curiosity in an instant. Let’s face it; drama is difficult to resist.There are, however, a few ironies about drama that shouldn’t be ignored. 

Three Reasons Why Betting On Yourself is the Smartest Business Investment You'll Ever Make  – Inc

Building a successful e-commerce business involves much more than acquiring relevant knowledge and implementing proven systems. Sure, these are key pieces of the puzzle, but ultimately it's not what you know that determines your success. It's who you are.  

How to Overcome the Bias We Have Toward Own Ideas – Harvard Business Review

Expert employees may well oversell or undersell their ideas, leading the company to pass up on good ideas while investing in bad ones. To understand the drivers of this “ideator’s bias,” we analyzed a large sample of employee-led process innovation ideas at an European automotive manufacturer.

6 Business Leaders On Their Favorite Lucky Charms and Rituals – Fast Company

It’s not unusual for CEOs and other business leaders to have rituals and superstitions, says Dan McGinn, author of Psyched Up: How the Science of Mental Preparation Can Help You Succeed. During high-stakes events, these rituals and beliefs can provide a sense of comfort and reduce anxiety, he says.

4 Ways to Invite Opportunity Into Your Life – Success

Spring is a powerful time to tune in to the nature’s abundance and invite opportunity into your life. Whether that means an unexpected twist in your work life that brings in more wealth, or a new and enlivening relationship that fills your spirit, or even a chance to travel and experience new things, we would all do well to open ourselves to the unknown pleasures the universe has in store for us.



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