Can ‘Doing Less’ Be A Smart Move For Your Business?

We live in a world of change. That’s nothing new. It’s always been so. And the only way to make sense of change is to plunge into it, move with it, and join the dance.

That’s not to say that change is easy or without risk. Most studies show a 60% to 70% failure rate for organizational change projects. That disheartening rate has stayed fairly constant since the early 1970s.

Fortunately, some smart practitioners have figured out how to beat the odds. One of them is Dr. Michael Canic. He’s president of Making Strategy Happen, a consulting firm that helps committed leaders transform ambition into strategy and strategy into reality. 

A specialist in the psychology of human performance, Michael is author of Ruthless Consistency: How Leaders Execute Strategy, Implement Change, and Build Organizations That Win.

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3 Factors Leading Walmart’s E-Commerce Business Toward Profitability

Walmart (NYSE:WMT) continued its strong e-commerce sales growth in the fiscal third quarter with U.S. online sales climbing 79% year over year. While that’s a slowdown from the 97% growth the company reported the previous quarter, management provided some upbeat comments during the earnings call.

During the third quarter, Walmart saw “significantly reduced operating losses in e-commerce.” That’s extremely promising considering it was looking at losing $1 billion in its online operations just a year ago.

Here are three factors leading to improved profitability for its online business. boxes coming down a conveyor belt.

Image source: Walmart.

Third-party sales

Third-party sales were by far the biggest factor impacting Walmart’s online operating profits in the third quarter. Management said sales from its third-party marketplace increased by a three-digit percentage, considerably faster than its overall sales.

Walmart’s marketplace carries much higher margins than its first-party sales. Walmart simply charges a service fee for listing items on its website,

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Small business advice from 17-year-old CEO

Tyla-Simone Crayton has accomplished a lot for a 17-year-old: She is the founder and CEO of Sienna Sauce, with her chicken wing-style sauces sold in over 70 retail stores across the U.S. In 2019, her company generated $192,000 in revenue, she previously told CNBC Make It. To date, she has landed over $45,000 in funding through pitch competitions and has raised nearly $200,000 through crowdfunding investors.

Today, Crayton continues to grow her brand and has no plans of slowing down.

“I want [Sienna Sauce] to be a household name,” she said. “And [the business] will be passed down through generations.”

Crayton learned a lot building her business and from people she met along the way – including self-made billionaire Mark Cuban. Here are four pieces of advice Crayton has for other small business owners and aspiring entrepreneurs.

Ask questions and continue to learn

“Never be afraid to ask questions,” says

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Holiday Market opens for Small Business Saturday

Local shops are hoping to recoup some of the losses they’ve taken during the pandemic.

GULFPORT, Fla. — It’s Small Business Saturday and local shops are hoping to boost their bottom line after financial losses from the pandemic.

More than 100 local vendors will be set up on Beach Boulevard South in Downtown Gulfport for the Holiday Market. It runs from 10 a.m. to 7 p.m. Saturday, Nov. 28. 

You’ll find a full list of vendors here, or check out the map below.

“We all know 2020 has been awful for many businesses, but especially small businesses like us, says Pippa Hill. She sells handcrafted jewelry and home goods through her shop Jacaranda Hill.

“Since March we haven’t had a chance to actually go out there and sell our goods in person and this event is basically a boost for us. We are so looking forward to coming together as

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Short North shops hoping Black Friday, Small Business Saturday bring shoppers

COLUMBUS (WCMH) – Small business owners in central Ohio have been sitting on the edge of their seats for months now, waiting to see what the holiday shopping season will bring.

Between Black Friday and Small Business Saturday, these stores do a significant amount of their annual business, but they are worried they won’t see success like in previous years.

Normally, the Short North would be bustling, restaurants packed and shopping bags on everyone’s arm. But this year doesn’t quite look that way.

Even though the foot traffic isn’t there, that doesn’t mean local businesses aren’t seeing sales.

People like Jamie Wagers said despite COVID-19 concerns, they would rather visit local stores than shop online.

“I still like to try things on, so I still found myself shopping in store also,” Wagers said.

But clearly it isn’t everyone that feels comfortable following her

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Leaving the car behind: Residents in walkable neighborhoods find benefits from fitness to home values | Business

Special to the Post and Courier

The population shift from cities to suburbs began in the 1930s and was powered by the popularity of the automobile. With a car, there was no longer a reason to live relatively close to work. New homes were designed for the automobile with driveways and garages, and communities reflected that burgeoning mobility with stores, schools, and other places of interest geared not toward pedestrians, but drivers.

Cainhoy project - Point Hope

Trail systems have become one of the amenities most desired by home buyers. The new Point Hope community near Cainhoy weaves its miles of trails throughout the fabric of the neighborhood. (DI Development Company/Provided)

It was a sea change in how and where Americans lived, evident in the Charleston area by the growth of bedroom communities like Mount Pleasant and Summerville, as well as new subdivisions West of the Ashley. And yet today, another notable shift has occurred:

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Trident Acquisitions Files Proxy Supplement Detailing Terms for Extension of Business …

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

NEW YORK, Nov. 27, 2020 (GLOBE NEWSWIRE) — Trident Acquisitions Corp. (NASDAQ: TDACU, TDAC, TDACW) (“Trident”), a special purpose acquisition company, announced that it has filed a proxy supplement to its annual meeting proxy statement (the “Supplement”). The Supplement explains certain changes to the terms under which Trident can extend its available time to complete a business combination. If stockholders approve the amendment to Trident’s certificate of incorporation at the November 30, 2020 stockholder’s meeting (the “Annual Meeting”), which allows Trident the ability to extend the date by which it has to complete a business combination by an additional three months and with an ability to further extend for an additional three months if approved by Trident’s board of directors, Trident will be required to deposit additional funds into the

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Management student makes social justice, diversity issues her business

Summer Shaw mugshot

Summer Shaw

For junior management major Summer Shaw, the Clemson Experience is about more than classrooms, curriculum and careers.

The Duncan, S.C., native has endeavored to get involved as an intern and activist in an effort at leaving Clemson University in a better state for those who follow in her footsteps.

“My non-curricular activities have helped me in a variety of ways. First, they’ve taught me how to better manage my time,” Summer said. “But as important as anything, what I’m learning outside the classroom has taught me how to lead with integrity and developed strong intercultural skills, something that will benefit me personally, and later on, professionally.”

In addition to her Supply Chain Management curriculum, Summer is actively involved in Clemson Undergraduate Student Government (CUSG) as director of the Council of Diversity Affairs and serves as a student representative on President Clements’ Social Justice and Equity Task Force. And,

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Small Business Saturday 2020: Support Them In Loganville, Grayson

LOGANVILLE-GRAYSON, GA — Small businesses have been the hardest hit by the coronavirus pandemic, making Small Business Saturday in 2020 more vital than ever. This year, the all-local shopping event falls on Nov. 28 including in Loganville and Grayson.

Independently owned boutiques, gift shops, mom-and-pop hardware stores, restaurants and the like in Loganville and Grayson are facing unprecedented challenges due to coronavirus-related restrictions and shutdowns.

The list of Small Business Saturday participants continues to grow, despite the pandemic. Here are some of the businesses that have signed up so far:

Temporary closures, capacity restrictions, decreased demand for products and services and delays due to supply-chain issues have led to unprecedented challenges for small-business owners.

But the “Shop Small” movement continues amid these hardships.

“This holiday season looks a little different, but we can still share joy,” American Express, which established Small Business Saturday in 2010, said in a statement. “Shop

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Small Business Saturday more important than ever amid COVID pandemic

NEW YORK CITY (WABC) — This year’s “Small Business Saturday” may be the most important ever, as many small businesses are hurting through the coronavirus pandemic.

The New York City small business commissioner will be touring the five boroughs on Saturday, including in Marcy Square, encouraging people to get out and support local businesses whether in person or online.

RELATED | Holiday Deals & Steals to support small businesses across country

This week, Mayor Bill de Blasio announced an initiative to provide interest free loans of up to $100,000 to the city’s small businesses.

“We have got to help our small businesses in any way possible, the city has done everything from grants and loans, we did that before even the federal government,” de Blasio said. “To giving out free PPE to keep stores and their customers safe to to opening up streets and sidewalks for outdoor dining and open

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