This is the third article in a series about Blockchain technology and its implications. The first, in June, was an introduction, and the second, in July, was how Blockchain works and its role in creating digital trust. This article is about your likely first contact.
As small businesses have increasingly become vertically integrated with Big Business customers, they’ve had to step up their Main-Street-Mom-and-Pop game to become more sophisticated while continuing to be nimble, quick, versatile, and efficient. With this integration, larger customers have notified smaller partners of their evolving expectations, as driven by macro events and trends.
Consequently, over the past 25 years, millions of small businesses have received letters requiring compliance with four of those macro markers: [Continue Reading]
For most of my half-century-plus career, I have consulted with small business owners about their current situation and future plans. Alas, the reality of operating on Main Street is that often the issue on the table could take them down. In fact, the circumstances might be so desperate and the prognosis so dire that the person upon whom the business’s buck stopped – or crashed – might be close to being unable to function.
There are a million – maybe a billion – scenarios for how someone becomes the Founder of a business. But regardless of variability, there is one part of every venture that, almost by definition, will not vary: In the beginning, and often for some time afterward, the Founder will be the first to do all the jobs.
As you know, the U.S. banking system has been challenged this year. Three large “regional” banks collapsed, and not a few experts have opined that there will be more banking-sector bloodshed going forward.
A few weeks ago, I introduced you to how Blockchain works. This offering is about how it can create digital trust. But first, let me remind you – Blockchain is a complicated topic, so thanks for your continued focus.