BIZ BOOM BLOG Content that is worth consuming

The Illusion of Multitasking: Why Doing More Might Be Slowing You Down

By Kevin Chern | October 17, 2024

Multitasking is often misunderstood. It isnā€™t just doing two things at onceā€”itā€™s the attempt to rapidly switch between tasks, thinking weā€™re being efficient. You might believe youā€™re handling work emails while on a conference call, but what youā€™re really doing is task-switching. Task-switching means bouncing between different activities, which causes mental friction. Your brain needs…

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The Physics of Business: Entrepreneurial Insights through the Lens of Albert Einstein

By Kevin Chern | October 14, 2024

Throughout my life, I have sought to understand the mysteries of the universe the forces governing celestial bodies, the nature of space-time, and the principles guiding light and matter. But while my efforts were aimed at deciphering the fundamental laws of physics, I have often been struck by how deeply these principles resonate with other…

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The ā€˜Bus Factorā€™: Are You Prepared If Your Key People Disappear?

By Kevin Chern | October 14, 2024

The Bus Factor is a gauge of your businessā€™s resilience. It evaluates the extent to which your operations rely on a handful of individuals. If only one person knows the inner workings of a critical process, your Bus Factor is dangerously low. And while we like to think everyone is replaceable, the truth is, not…

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New FTC Record-Keeping Requirements for Telemarketers Take Effect on October 15, 2024

By Kevin Chern | October 13, 2024

On October 15, 2024, the Federal Trade Commission’s (FTC) latest amendment to the Telemarketing Sales Rule (TSR) comes into effect, increasing the record-keeping obligations for companies engaged in telemarketing activities. If your business involves telemarketing or works with third-party telemarketers, now is the time to ensure your practices align with these updated regulations. The TSR…

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Breaking the Bottleneck: How to Stop Your Business from Growing Around One Person

By Kevin Chern | October 12, 2024

Many businesses hit a point where growth slows, not because of lack of resources, but because everything revolves around one person. Maybe itā€™s the founder who approves every decision, the sales manager who closes every deal, or the IT specialist who knows every system inside out. At first, it feels efficientā€”one person knows everything and…

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Overcoming Decision Paralysis in Business: How to Choose the Right Vendor and Keep Your Company Moving Forward

By Kevin Chern | October 9, 2024

In the world of business, the stakes are always high when it comes to choosing strategic partners and vendors. A wrong decision can lead to significant financial losses, operational inefficiencies, and reputational damage. But what happens when the fear of making the wrong choice becomes so overwhelming that business owners and decision-makers find themselves frozen,…

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The Silent Saboteur: How Workplace Culture Can Make or Break Your Success

By Kevin Chern | October 7, 2024

Workplace culture isnā€™t just a ā€œnice to have.ā€ Itā€™s the DNA of your organization, shaping how employees interact, make decisions, and stay motivated. Think of it like the soil in a gardenā€”if itā€™s fertile, the plants flourish. But if itā€™s barren, no amount of watering (or micromanaging) will yield results. A positive culture nurtures creativity,…

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Navigating the Business Terrain: The Crucial First Steps to Success

By Kevin Chern | October 5, 2024

Perfection is not attainable, but if we chase perfection, we can catch excellence.” ā€“ Vince Lombardi. In the intricate dance of business partnerships and project execution, this pursuit of excellence from the get-go is not just aspirational; it’s a fundamental strategy for success. The marketplace is brimming with myriad solutions and service providers, each promising…

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Innovate or Stagnate: Why Playing It Safe Is the Biggest Risk

By Kevin Chern | October 4, 2024

In the business world, standing still is falling behind. What might feel like a secure path today could quickly become a dead end tomorrow. Itā€™s no secret that innovation is the lifeline of growth, while playing it safe comes with hidden dangers. Businesses that cling to the comfort of ā€œwhat worked beforeā€ often find themselves…

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The Growth Trap: Why Scaling Too Fast Can Cripple Your Business

By Kevin Chern | October 2, 2024

When it comes to business, growth often feels like the holy grail. Every entrepreneur dreams of skyrocketing sales, expanding customer bases, and opening new locations. But what if I told you that rapid growth could actually be your undoing? Scaling too fast without the right infrastructure in place is a classic mistake, and it has…

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