In just the past few years, collaboration has evolved from a competitive advantage to a necessity.
We consumers are demanding more certainty when we buy something. Social media-driven technology, combined with increased expectations about certainty, has begun to monetize trust.
Tying these two thoughts together, your ability to collaborate affects how much others trust you. Your “trust rating” will become a new form of currency in the collaborative world of the future, (more…)
In today’s climate of Big-Business downsizing and consolidation, many people think that becoming a small-business owner makes sense—especially now. In fact, an estimated 600,000 new businesses are launched in this country every year.
But more than half of new businesses fail after four years or less, according to a study by the federal government. So starting a new business can be risky.
There are a myriad of considerations to make before you launch your own business. Obviously, many of them depend on the kind of business you are thinking about—there are lots of variables. (more…)
New York’s Stuyvesant Town in default, massive General Growth Properties succumbing to bankruptcy, Las Vegas’ mega-project CityCenter barely back from the brink. High-profile commercial real-estate blowups just kept coming.
Even playing host to a high-profile PGA Tour event and to Tiger Woods’ televised mea culpa in February couldn’t keep the owner of the Sawgrass Marriott Resort in Ponte Vedra Beach, Fla., from filing for bankruptcy protection a month later.
And for each multibillion-dollar failure, there have been hundreds of smaller commercial defaults on hotels, offices, shops and apartment complexes that didn’t make the national news. (more…)