The World's Best Book Summaries
Is in-person shopping coming back full steam? Is e-commerce on the decline? E-commerce’s explosive pandemic growth appears to be moderating, with a growing number of shoppers returning to in-person shopping for items like clothes, food, and furniture. Some experts believe that e-commerce has peaked and is in decline, while others think it’s still going strong. Keep reading for two views on the future of e-commerce.
What are the different approaches to negotiation? Which negotiation tactic will help you get what you want? In our daily lives, we negotiate with others for things we want, whether the context is business or personal. Experts have different theories about the best approach to getting what you want out of a negotiation. Continue reading for the two main approaches to negotiation: emotional and rational.
Why are leadership execution skills important? What’s it like working for someone who’s an execution leader? People who lead by execution do anything possible to make their ideas a reality. This also involves making hard decisions for both themselves and the team. Continue reading to learn how to be a leader who focuses on execution, according to Strengths Based Leadership by Tom Rath and Barry Conchie.
When is business growth your enemy and not your friend? What priorities are more important than growth? Fast and endless growth isn’t always the best goal for a business. That’s the view of Paul Jarvis, who argues against this common ethos found in the business world. He describes three disadvantages of business growth, especially rapid growth, in his book Company of One. Continue reading to learn why growth-focused companies don’t always succeed.
What’s behind the rise in coworking spaces? What benefits do the spaces offer, and how are they adapting to users’ needs and preferences? Demand for coworking spaces is exploding globally, with a projected near-doubling of spaces by 2024 to 42,000. As coworking grows, the market will likely stratify into budget-level, moderate, and luxury tiers that cater to different audiences. Here’s a look at some predictions for the future of coworking spaces.
Are you launching a new product soon? How can you guarantee that your product will continue to sell out? Once you’ve launched your first product and are taking sales, 12 Months to $1 Million by Ryan Moran writes that your focus should be on growing your sales. Moran explains how you can achieve 25 sales per day by effectively maintaining your inventory and creating positive buzz. Discover how to grow sales in business and keep the momentum going.
What skills do influential leaders possess? How do you use an influential team member to help your company? Influential leaders are those who can get others on board with their ideas. In their book Strengths Based Leadership, Tom Rath and Barry Conchie give advice for people who are highly influential in the workplace, including leaders and employees. Read below to learn more about influential leadership skills.
Are you an expert on your business’s products and services? How easy is it for prospective customers to understand how your product or service works and benefits them? In Company of One, Paul Jarvis explains how to start and build a company on your own. He contends that customer education is a must, and he outlines what it requires and how it sets your business apart from the competition. Read more to learn why customer education is important and how you can prioritize it in your business.
Why is inventory management important for small businesses? Where should you get funding to keep your business running? Once you’ve launched your product, you must maintain inventory and keep your product in stock. Running out of your product can be disastrous for your business: It prevents you from making revenue, destroys your sales momentum, and loses customer engagement. Let’s look at how to maintain inventory by receiving funding.
Are you well prepared for a negotiation? How do you make a good bargain that benefits both you and your opponent? When you’re face-to-face at the negotiating table, you want to strike the best possible deal. Experts have great advice on how to take advantage of new information and how to use the Ackerman model to craft your offer. Learn how to bargain by getting all the information you need to master the Ackerman model.