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Jim Blasingame

Business futurist, award-winning author, speaker and columnist

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Start Ups

How a Small Business Is Like a Tour de France Team

July 12, 2022 by Jim Blasingame

If it’s July, one of the most amazing athletic competitions in the world is being staged. Since 1903, the Tour de France has been the pinnacle of professional bicycle races, and arguably the most grueling of all sporting competitions.

Contested over 23 days, with the 21 stages averaging more than 110 miles each, there are only two days of rest in the middle. These super-athletes from all over the world navigate diverse road conditions, rain, wind, heat, and legendary mountain ranges – no less than the Alps and Pyrenees – that God surely made for us to ski down, not pedal up.

If the sun’s coming up on Main Street, millions of small business owners also mount one of the most grueling competitions in the business world merely by opening up. Against all odds, they start, run and grow their operations in conditions few corporate America CEOs would be willing to face. But unlike the Tour de France, small business owners run their race every day of the year.

Combining my admiration for both of these types of super-humans, I’ve identified four required elements to successfully compete in the Tour de France or the marketplace. [Continue Reading]

Filed Under: Entrepreneurship, Leadership, Start Ups Tagged With: entrepreneurship, leadership, small business, small business owner

What Love And Patience Have To Do With Negotiating

June 28, 2022 by Jim Blasingame

Negotiating is a process of communication between two or more parties to reach an agreement on future behavior – like when you’re purchasing a small business, leasing an office, hiring an employee, selling a product, or trying to get a two-year-old to take one more bite of peas.

Let’s look at the two key words in that definition: process and communication.  [Continue Reading]

Filed Under: Leadership, Management Fundamentals, Negotiating, Start Ups Tagged With: leadership, management fundamentals, negotiating, small business, success

Stardate 10920: The Force is with the customer

June 14, 2022 by Jim Blasingame

– Earth, Stardate 8511 (The Age of the Seller)

Once upon a time, in a galaxy that today must seem far, far away, sellers controlled all information about their products, services, and innovations. Consequently, customers learned what they needed to know from salespeople, who traveled far and wide dispensing information to, and collecting sales from, grateful and beholden customers.

If one had observed such a meeting, the customer would have nodded his head in wonderment as the salesperson revealed the virtual magic that was his product.

And in this land, the Force – control and availability of information – was with the seller.

– Earth, Stardate 10920 (The Age of the Customer) [Continue Reading]

Filed Under: Customer Care, Management Fundamentals, Marketing / Branding / Advertising, Mobile Computing, Sales / Sales Management, Start Ups, The Age of the Customer Tagged With: age of the customer, customers, management fundamentals, mobile, online technology, selling, small business, success

Why you should have a close – and profitable – relationship with failure

June 7, 2022 by Jim Blasingame

In my reading over the years, I’ve consistently been drawn to autobiographies of people who took great risks and found greater success. Of course, you can’t go wrong reading about the great intellects and leaders like Washington, Lincoln, Churchill, etc. But my favorite autobiographies have been those who are/were alive during my life because I could identify with the issues they were up against.

Contemplating why I’ve been drawn to this genre, eventually I realized it wasn’t because I was in awe of their celebrity, riches, or other success markers. It was because in every honest autobiography there is a heaping helping of examples of how that person failed. Modern failures. [Continue Reading]

Filed Under: Entrepreneurship, Leadership, Sales / Sales Management, Start Ups Tagged With: entrepreneurship, leadership, selling, small business, success

Blasingame’s 3 Laws of Small Business Capital

May 16, 2022 by Jim Blasingame

The first sentence in the job description of every CEO should be, “Secure and manage the capital your company needs.”

Webster defines business capital as, “any asset, tangible or intangible, including cash and hard assets held by the company.” Capital blended with operating cash flow becomes the financial fuel your company’s engine uses to operate with and fund growth.

A small business has three primary sources of capital: [Continue Reading]

Filed Under: Banking, Finance / Accounting / Taxes, Management Fundamentals, Start Ups Tagged With: capital, cash flow, finances, management fundamentals, retained earnings, small business

Will your business be successful? Depends on how you answer these HR questions. 

May 10, 2022 by Jim Blasingame

1. What is your business’ annual training budget?

2. Are your employees successful?

3. Who are your key employees?

Now, let’s compare your answers to what they reveal about the future success of your business.

1. What is your business’ annual training budget? 

While you’re chewing on that, let me point out one of the HR practices that Big Businesses are known for, and which small businesses should emulate: a legendary commitment to training. Alas, too many small firms conduct training after a fashion, if at all, and likely with no budget.

Historically, big businesses have had an advantage in this area because they have the resources to pay for structured training programs, and the staff redundancy to give their people time away from their assignments to acquire training. But thanks to the Internet, and thousands of companies that develop and distribute convenient and affordable online training programs, small businesses can acquire training in a wide range of disciplines without breaking the budget and with a minimum of lost production.

So how’re you coming on that training budget answer? [Continue Reading]

Filed Under: Human Resources, Leadership, Management Fundamentals, Start Ups Tagged With: employees, HR, human resources, leadership, management fundamentals, small business

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