Foster a Coaching Culture
Every entrepreneur I know wishes he had more time to coach all the members of his team. I often hear the excuse that coaching takes more time than simply diving…
Will Your Business Model Deliver?
In this age of the lean startup, minimum viable product, and fail fast, the advice is clear, test everything as soon as possible. Also, do it while making the smallest…
Legal Factors in Your PESTEL Analysis (Part 7 of 7)
A government’s rules and regulations—its laws—will always have a macroeconomic impact on the success of any business. And, for companies that operate within the jurisdiction of multiple governments, business leaders…
Environmental Factors in Your PESTEL Analysis (Part 6 of 7)
It wasn’t that long ago that if you asked a business leader how she intended to mitigate the issues related to climate change, corporate social responsibility (CSR), or sustainability, she…
Technological Factors in your PESTEL Analysis (Part 5 of 7)
Technology is the “T” in PESTEL. Technological factors have a critical macro-economic influence on a business’s operations, its products, how it delivers its services, and even its markets. Technology encompasses…
Social Factors in your PESTEL Analysis (Part 4 of 7)
You will recall from the earlier posts in this series that a PESTEL analysis highlights the external macro-economic factors that can affect a business’s growth prospects or even its financial…
Economic Factors in your PESTEL Analysis (Part 3 of 7)
PESTEL has two “E’s” in it. The first one stands for Economic factors: those external economic factors that might have a direct or indirect long-term impact on a company’s success.…
Political Factors in your PESTEL Analysis (Part 2 of 7)
If you read this post several years from now, you will likely know the outcome of Brexit and the impact it made on the country and the businesses in the…
Put Your PESTEL to the Mettle
Going International? Do Your PESTEL Analysis First PESTEL is an acronym for an often utilized analysis that considers the external macroeconomic influences on a business and its products or services:…
9 Tips to Stay an Effective Leader
Successfully starting and running a business requires leadership skills, and each phase of your business will need different abilities to do so effectively. Additionally, markets and society rapidly change, which…