Today’s business world is full of buzzwords that were rarely heard even a generation ago. Words like gigabyte, added value and ROI weren’t bantered about as freely as they are today, and ‘mindfulness’ had more to do with listening to parents or teachers than focusing on one’s mental, physical and emotional needs.
With the New Year in full swing, there are a few emerging business trends that could make a big impact on companies and consumers in 2017. Question: When you buy food and drinks, do you consider what kind of impact your choice makes on the planet?
In 1992 I boarded a flight from New York to Tallinn, Estonia. I arrived in a city where I knew nobody with just my last $400 in the pocket of my jeans. I was on vacation and I certainly didn’t have starting a business on my mind, but over the course of the next 16 remarkable years, I managed to build real estate businesses worth $200 million with 35 different offices spread across Central and Eastern Europe.
Making time to unwind and relax is important for good mental health. Owning and operating a business can be extremely stressful, so it is imperative to get away from the demands of being an entrepreneur and catch your breath.
The time has approached. You have overcome the once incomprehensible goal of stabilizing your core business and understanding the ebbs and flows of your business model, now you are considering expansion ideas. It could be compared to a long hike up a steep mountain and now you have reached the precipice and are looking at a divide in the mountain range where you need to choose a path to take your business. Franchise expansion is one option for business growth, but how would you know when to take franchise expansion seriously?