Alan Hall

Utah continues reign as Forbes’ top state for business

Utah has just been named Forbes “Best State for Business” for the third consecutive year.

Alan Hall

Letter reveals man who was ready to tell his boss good-bye

Last July, I wrote the article that has been my most widely read and shared Forbes column to date: Kiss Your Boss Goodbye. It’s Time to Be an Entrepreneur.

Businesses must adapt to changing customer habits

Burgeoning Internet sales are destroying the traditional business models for many small business retailers across America. It began with most brick and mortar shops feeling confident they could survive this disruptive innovation forever.

Entrepreneurs must learn to cowboy up in business

Recently I attended the National Rodeo Finals and Convention in Las Vegas for the first time. I listened to several workshop presenters from the Professional Rodeo Cowboy Association discuss best practices in the rodeo business. My purpose, as the new chairman of the Ogden Pioneer Days Foundation, was to learn all I could about how to enhance our activities and rodeo programs.

Remember to set company goals for the new year

It’s time to determine your company’s goals for the New Year. Smart business builders are working on this task now. From my point of view, it is imperative to establish reachable and measurable goals in advance.

Those who don’t are destined for the Cemetery of Failed Businesses. Consider the profound advice of Hall of Fame catcher Yogi Berra: “If you don’t know where you are going, you’ll end up someplace else.”

Where do you want your company to be one year from now? What do you want to achieve?

Businesses must prepare for new health care law

As one of my ongoing roles, I am chairman of the Utah Technology Council. In a recent trustee meeting, one of my associates, Kelvyn Cullimore, CEO of medical device company Dynatronics, provided perspective on what the coming changes of Obamacare will mean. He spoke particularly about the impact for organizations, such as his own, that will be impacted by the proposed medical device excise tax.

Nine things managers should never say to employees

There’s been a fair amount of discussion recently on the worst communication mistakes employees make, and the negative things employees should never say to a boss. I’d like to turn the tables.

Based on the comments I have received from both managers and employees, combined with a report from U.S. News, here’s my own list of things a supervisor should never say to an employee.

Entrepreneurs can learn much from the Pilgrims

On Thursday, we celebrate Thanksgiving across America, a time to focus on the gratitude we feel for the blessings we enjoy as citizens of this great nation and for those early settlers whose entrepreneurial spirit laid the groundwork for its creation.

Do not give up when adversity strikes

Starting and running a business can be extremely challenging. Most entrepreneurs and managers find new obstacles to remove and towering barriers to scale every day. We often encounter disruptive situations in our personal and professional lives such as a divorce, the death of a loved one, illness, the loss of a favorite customer, the departure of a valued employee, a shortage of funds or even a lawsuit.

Monitor these seven areas to really 'keep your eye on the ball'

It’s not a big surprise that big league baseball players can hit a pitch far better than the rest of us. Research on the game’s best hitters has shown that they have excellent hand-eye coordination and can respond quickly to visual cues. Indeed, one of the keys to a superior ballplayer’s performance is excellent vision and focus that allows him to see a baseball perfectly as it travels at high velocity toward home plate.

Consider these facts: It takes approximately 0.4 seconds for the fastest pitches to reach the batter’s box. In that short time, the batter needs to view the pitch, determine rotation, speed and angle of flight, and almost immediately decide to swing or to hold. Noting that the swing itself takes approximately 0.2 seconds and that the brain takes about 0.03 seconds to process the event, a batter has about 0.17 seconds to act.

It pays to know about your customers

Great business builders are fanatical about growing their companies. They spend time every day thinking about how to engage new, loyal customers to replace those who have vanished. They also concentrate daily on ways to find new clients to increase the pool of shoppers who will increase topline revenues.

Each year, American companies must replace, on average, about 10 percent of their client base for various reasons, including customers who move, customers who find new solutions from competitors or customers who no longer need a given product.

To remain viable and profitable, business leaders must regularly increase gross revenues by adding more and more buyers who will purchase their solutions.

Do your homework before asking people for money

One of the biggest challenges for entrepreneurs and small-business owners is finding the funds necessary to launch — and eventually grow — their business.

As a social entrepreneur for more than four decades as well as an angel investor and venture capitalist, I’ve experienced the highs and lows of business funding myself and have learned the hard way what investors are looking for before committing to funding.

Strategies need to be honed when growing a business

I have an amazing friend who is a world-class branding expert. In his spare time, he enjoys wood carving. He tells me it’s a peaceful and enjoyable hobby that provides relaxation after a stress-filled day at the office. He has carved numerous works of art and improved his talent with every new creation. To enhance his skills, he has taken classes from accomplished teachers who have witnessed his progress as an artist.

Alan Hall

Use a model of confidence and trust for long-term success

Venture capitalist Fred Wilson, of Union Square Center, wrote an interesting piece this week about the dilemma of balancing short-term profit with long-term business health.

Hall

Lessons learned from business ideas that failed to work

In past columns, I promised to outline not just my successes, but my own five business failures as well. Today is that day. I hope the lessons I learned can influence your future successes, as they have influenced mine.

Advertisement
  +

Recent Comments

Latest Blogs

Blogging the Rambler
Herbert, who hates all things fed, demands more fed...
By: Charles Trentelman

Thursday, March 28, 2013 - 3:58pm

The Political Surf
Review of three indy books include Mormon presence,...
By: Doug Gibson

Wednesday, May 15, 2013 - 12:55pm

Me, myself... as mommy
Time to get my post-baby butt back to the gym
By: MeganSanders

Tuesday, May 14, 2013 - 12:13am

Why Are You Crying?
Legislative marriage counselors
By: Mark Shenefelt

Tuesday, February 26, 2013 - 4:37pm

Standard-Examiner Sports Blogs
Weber State, Ogden City to honor “special guest” from...
By: Roy Burton

Wednesday, May 1, 2013 - 12:37pm

Latest Tweets