Here’s what we will cover today:

• Learn how risk can equate with business growth

• Learn about a once powerful company who unfortunately is no more

• Discover what a ‘third thumb’ is and why we all may have them in the future

Quote of the Day

“You don’t learn to walk by following rules. You learn by doing and falling over.”
~Richard Branson

Today’s Tip

Innovation and progress often come from taking risks and experimenting with new ideas, even if this means facing setbacks along the way. In the process of developing a robust business strategy, it's important to create an environment where your employees feel comfortable taking calculated risks and learning from their mistakes. This approach can lead to unexpected breakthroughs and foster a culture of continuous improvement and creativity.

Flexibility is an essential component in this journey. Adaptability allows businesses to respond quickly to changes in the market and customer needs. Encourage your team to iterate on their ideas and pivot when needed. By embracing an agile mindset and learning through doing, businesses can discover new opportunities and refine their strategies more effectively, ultimately leading to sustained success and growth.

Today’s Resource

Do you have the right plan?

The right strategic plan for your business includes:

1) the best strategy to follow

2) a written roadmap so there’s no confusion as to what your team needs to accomplish and when

Our strategic plan template allows you to quickly create a winning plan.

In no time, you’ll have a strong plan to follow so your company wins.

Why play the game of entrepreneurship if you’re not going to win?

Create a winning strategic plan 👈

Trivia

Today’s Question: What is the largest American corporation named for an owner's daughter?

Previous Question: What company that was the fourth most valuable brand in the world after Disney, Coca-Cola and Microsoft as recently as twenty years ago filed for bankruptcy in January 2012 having failed to adapt to the digital age?

Previous Answer: Kodak. During most of the 20th century Kodak held a dominant position in photographic film, and in 1976 had a 90% market share of photographic film sales in the United States.

Beginning in the late 1990s, Kodak struggled financially as a result of the decline in sales of photographic film, and 2007 was the most recent year in which the company made a profit.

Kodak is one of many companies that have struggled as a result of technology changing what customers want to buy. This change is inevitable and can become your friend if you are proactive about adapting to it.

What opportunities to adapt do you see in your business?

Tools of the Day

Parallel AI: Build AI Employees trained on your business.

You.com: Build custom AI assistants powered by ChatGPT, Claude, or Meta AI

News

Scientists introduce a third thumb to expand your hand’s range of motion: study showed, 98 percent of participants successfully manipulated objects with the Third Thumb

Google’s search algorithm revealed: interesting information to help your website rank better.

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