This Week in Business Strategies
Sept. 16, 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.
It starts with the company's goals and becomes a process of determining what you're aiming for, and how that compares to what you're doing. It's what creates a reputation over time. An organization's performance improves when its employees understand what differentiates its brand.
The key is consistency. The Law of the Lid is the best explanation of the value of leadership; if you can get a handle on this law, you will see the incredible impact of leadership on every aspect of your life.
Research: Being Nice in a Negotiation Can Backfire – Harvard Business Review
Negotiation experts have long confirmed the intuition that that being warm and friendly pays off at the bargaining table, leading us to gain concessions and capture a larger chunk of the value. People tend to believe niceness will buy them better deals. But when put to the test, this prediction turns out to be wrong.
Maybe you’ve tried to niche your business and it “didn’t work,” and now the word makes you roll your eyes, shake your head, and say it’s a waste of time. It’s a common challenge, but one you must commit to solving because finding your niche and focusing on it is the only way to be successful in business.