If you find these insights valuable, please share them with others like you! If someone forwarded this to you, sign up for future editions here.
ALLIED INSIGHTS
Welcome to Allied Insights. Each month we'll share relevant and timely insights, events, research, trends, benchmarks, and thought-provoking content geared at helping you run your business and life more efficiently and effectively and allow you to shorten your timeframe to your most important goals.
This Weeks Popular Articles
THE FOX OR THE HEDGEHOG By John P. Palen Choosing between diversification and specialization There are conflicting views on whether business owners should specialize in something they do well or diversify their products and services.
Choosing to specialize or diversify is unique to each company, before deciding ask yourself a few
questions:
What resources will this require?
What is the market outlook?
What is the early exit strategy?
What's the cost/benefit to the team or customers?
What are the best practices to repeat this session?
Click here to read the whole article written for the Minnesota Business magazine.
BUSINESS BENCHMARK REPORT IS HERE By Kurt Theriault Over the summer months we surveyed business owners for insights as it relates to themselves and their businesses. We believe these insights - over time - provide great ongoing benchmarks for business owners and will provide key understandings between those who are growing and those who are not. We had 111 participants in the inaugural exercise, answering 55 different questions - topics ranging from strategic planning to personal wellness. We’ll do the survey again in 2019, be able to conduct YOY comparative analysis, and be able to
further breakdown differences based on performance. For now, in 2018, the results provide insightful and initial benchmarks. The data is interesting, encouraging, and in cases even surprising. For instance, did you know that 71% of owners surveyed have a defined exit plan in place? Or that, only 34% of those surveyed conduct a regular customer survey? Get these and other insights in the report. Ask yourself, how do you/we compare?
WE LIVE IN A TIME OF UNPRECEDENTED AMOUNTS OF CHANGE, OPPORTUNITY, AND RESPONSIBILITYBy Mary Meeker Mary Meeker - a former securities analyst and current VC - presents her annual internet trends report. In 33-minutes, be briefed on how technology and the internet is really driving the economy and consumer
behavior. The briefing on how the internet is impacting work, jobs, and job expectations is particularly relevant to all. Full Report.
UPCOMING EVENTS
Protect the Future of Your Business - November 29th, 2018 - Drive anywhere in the metro area and you’ll notice “Help Wanted”, “We’re Hiring”, and “Apply Now!” signs plastered on billboards, windows, and buildings everywhere you look. A major impediment to growth is being unable to staff the organization to deliver the proverbial goods.
The number of job openings in today’s market combined with the lack of available labor supply means that existing workers have the freedom to hop from job to job, leaving managers and leaders scratching their heads and asking, “If we finally get these workers in the door, what can we do differently to keep them from walking out?”
This presentation will unpack what employers can do now and in the near future to recruit top young talent, retain them, and engage them day-to-day. This presentation will provide owners, managers, and leaders:
Insight into how every generation shows up at work and why
Practical solutions to more effectively attract next generation talent to their organization, and
Specific tactics you can use to adapt your communication style to better connect with younger generations
Registration is for Allied Executives Members or by invitation ONLY.
