Business Consulting

by: Michael M. Ralph | Business Consulting, Legal Services Uncertainty is constant in business, and the key is building a decision framework that turns “unknowns” into manageable actions. Here’s how you can approach it systematically: 1. Clarify the Source of Uncertainty Identify what kind of uncertainty you’re facing: Market (e.g., customer demand, competition, pricing) Operational (e.g., staffing, supply chain, technology) Financial (e.g., cash flow, funding, margins)

by: Michael M. Ralph | Business Consulting When customers compare your business, they aren’t only looking at direct competitors (the businesses that sell the same product/service). They’re also stacking you up against: Direct Competitors – Businesses offering nearly identical products or services at a similar price point. Example: If you own a coffee shop, customers compare you to the other coffee shop down the street. Indirect Competitors – Businesses solving the same