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For Email Newsletters you can trust About the Smartfast Blog
The pace of business keeps you on the run. You need to make (SMART) decisions and take action quickly (FAST). Business attorney Jean Sifleet created the SMART FAST® blog to help. Whether you’re a start up company or an established company, SMART FAST® provides information that can help you make more informed business decisions. This is information – not legal advice.
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Category Archives: Business Model Profitability
Franchises — Advantages and Disadvantages
Want to own your own business? Don’t want to start from scratch? Is a franchise right for you? Franchises are a way to get into business quickly, with a brand name, proven methods of operation and a support structure. Franchises … Continue reading
Key Business Value Drivers — Intangibles and Employees
“Value drivers” distinguish successful companies from their competitors. While it’s easy to be distracted by all the demands competing for the business owner’s time and attention, successful companies focus on the key value drivers – which are frequently “intangibles” and … Continue reading
Posted in Business Model Profitability, Business Practices, Business Systems, Employment, Innovation, Intellectual Property, Legal, Non compete, Uncategorized
Tagged Copyright, Employees, infrastructure, Intellectual Property, Professional Services, Restaurants, Retail, Technology, Value Drivers
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Emerging Business Model – “SPICE”
New business models are emerging that challenge the old assumptions about how to operate a business for profitability. In the book “Firms of Endearment – How World Class Companies Profit from Passion and Purpose” (Wharton School Publishing), the authors, … Continue reading
Innovate – Don’t Reinvent the Wheel
It’s smart to learn from others! Small business owners and entrepreneurs really drive our economy. A great deal of innovation and job creation occurs in smaller businesses. Unfortunately, small business owners and entrepreneurs are usually too busy to read books … Continue reading
Posted in Business Model Profitability, Business Practices, Innovation, Legal
Tagged Intellectual Property, IP
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Business Innovation – Ten Practical Tips
How many innovation tips can you check off? 1. Eliminate recurring problems. If you eliminate recurring problems, you free up energy to focus on creative solutions. 2. Upgrade infrastructure. Good infrastructure in business (business systems, applications and management practices) … Continue reading
Strategic Partnerships – Avoid the Pitfalls
Entrepreneurs quickly learn that “you can’t do it all yourself.” Partnerships are one way to improve and preserve market position. Especially in difficult times, it is important to focus on core competencies and find partners to help deliver cost-effective solutions … Continue reading