Nothing's more frustrating than watching a big idea run out of steam, says Scott Belsky. To breathe new life into a project that's plateaued, cut the extraneous details and allow the core of your idea the space and time it needs to thrive. "Force yourself to stick with only one or two bold ideas at a time," Belsky says.
When Charles Mysak found the perfect parking spot in Manhattan, he decided to keep it -- for 11 straight years. He uses the Upper West Side space to run his curbside bookselling business, and feeds the meter $36 in quarters every day to avoid losing it.
While Walmart promises low prices on basic necessities, Target attracts customers with a big personality and the promise of cheerful products and a fun shopping experience. "Target has this aura. It's a wonderful place to go into and shop and everybody loves Target," said retail analyst Bernard Sosnick.
Black-swan events are improbable catastrophes that can devastate businesses -- and, by their nature, are difficult to prepare for. There's no point in trying to predict or plan for specific events, writes Matthew Le Merle. Instead, companies should analyze potential disruptions, and make contingency plans that can be adapted to many different calamitous scenarios.
Leaders have to find the right way to communicate with their audiences, Enterprise Community Partners President Terri Ludwig says. She explains what it takes to run a 500-person organization in which everyone is encouraged to have a positive influence, regardless of title. "My job is to make sure that you feel that you could fail, and that would be OK. And that you know what your role is and what you're accountable for," Ludwig says.