BIZ BOOM BLOG Content that is worth consuming

What You Need To Do To Prepare for Eight New State Privacy Laws in 2025 Avoid These Business Risks

By Kevin Chern | December 3, 2024

The privacy landscape in the United States is undergoing a seismic shift. With eight new state privacy laws set to take effect in 2025, businesses must prepare for an increasingly complex web of compliance requirements as if it’s not already complicated enough. By the end of the year, nearly 43% of Americans (approximately 150 million…

Read More

10 Things Business Owners Should Be Thankful for This Thanksgiving

By Kevin Chern | November 27, 2024

Thanksgiving is a time to reflect on what weā€™re grateful for. For business owners, itā€™s an opportunity to pause and appreciate the often-overlooked aspects of running a business that contribute to growth, success, and fulfillment. Gratitude is more than a feel-good emotionā€”itā€™s a powerful mindset that fosters resilience, improves relationships, and creates a positive work…

Read More

The Compliance Caper: Conquering the Chaos for Small Businesses

By Kevin Chern | November 25, 2024

As the founder of Sanguine Strategic Advisors, I’ve had a front-row seat to the mounting challenges small businesses face when it comes to navigating the labyrinth of legal and regulatory requirements. It’s a veritable compliance conundrum that would make even the most seasoned Sherlock Holmes scratch his head in bewilderment. Over the course of my…

Read More

When ā€˜Good Enoughā€™ Isnā€™t: The Hidden Costs of Settling for Mediocre Talent

By Kevin Chern | November 12, 2024

The hiring process can feel like a marathon, and as time drags on, the temptation to settle for a ā€œgood enoughā€ candidate grows stronger. With tight timelines and mounting pressure, itā€™s easy to convince yourself that filling the role quickly is the right move. But hereā€™s the catchā€”settling for average talent may patch things up…

Read More

Ā Top 10 Movies Every Entrepreneur Should Watch for Inspiration and Insight

By Kevin Chern | November 8, 2024

Starting and running a business is no small feat, and sometimes, the best advice and inspiration come not from business books but from the silver screen. Here are ten must-watch movies, rich with lessons and insights, that offer guidance, motivation, and a wealth of entrepreneurial takeaways for startup operators and budding founders alike. 1. The…

Read More

The Dinosaur Dilemma: Why Legacy Thinking Will Sink Your Business

By Kevin Chern | November 2, 2024

In the wild world of business, staying still is like wearing concrete boots in quicksandā€”itā€™s only a matter of time before youā€™re stuck, sinking, and surpassed by faster, more agile competitors. Legacy thinking, the practice of sticking with outdated methods just because they used to work, is the T-Rex of the corporate worldā€”huge, intimidating, but…

Read More

FTC Finalizes New Rules for Companies Using Continuity Programs and Recurring Billing

By Kevin Chern | October 27, 2024

On October 16, 2024, the Federal Trade Commission (FTC) finalized its updated ā€œNegative Option Rule,ā€ bringing significant changes for businesses that market, sell, or charge for goods or services with a ā€œnegative option feature.ā€ This includes services such as automatic renewals, continuity plans, and free-to-pay conversions (e.g., “30-day trials” that transition into paid subscriptions). What…

Read More

Strategic Patience: Why the Best Businesses Donā€™t Rush to the Top

By Kevin Chern | October 24, 2024

Strategic patience is the delicate balance between knowing when to act and when to wait. Itā€™s not passively sitting backā€”itā€™s intentional waiting while planning the next move. The best businesses resist the urge to chase short-term wins, opting to lay solid foundations for sustainable growth. Companies like Apple and Amazon exemplify strategic patience. Apple didnā€™t…

Read More

Why Buying Leads from Third-Party Lead Providers Isnā€™t as Risky as You Think

By Kevin Chern | October 24, 2024

As a business owner, you know that leads are the lifeblood of growth. But if you’ve ever bought leads from a third-party provider, you might have felt frustrated by inconsistent quality. The truth is, buying leads from a third-party lead provider can yield excellent resultsā€”if done correctly. While the quality of leads varies, with the…

Read More

Lost in Translation: How Miscommunication Between Teams Drains Profitability

By Kevin Chern | October 22, 2024

In an ideal world, teams would function like a finely tuned machine, perfectly aligned and working toward shared objectives. However, the real world isnā€™t so smooth. Emails go unanswered, instructions get lost in translation, and Slack messages are misinterpreted. The outcome? A costly game of broken telephone that silently chips away at your businessā€™s bottom…

Read More