Burgan Prize Seeks Business Ideas from YSU Students
Wean Foundation Renews Support for YNDC, TNP
The Songwriter Is Creative – the Singer, Not so Much
Financing Unanswered at Mall Community Meeting
Covelli Enterprises Honors Toys for Tots Tradition
Holiday Shopping Off to Slow Start, Retail Sales Up 0.2%
YSU Grad, Now Teaching at Villanova, to Speak at Commencement
3 Minutes With: Leetonia Welcomes The Tipsy Cow
Introducing After Hours Youngstown
Thankful for Trumbull County
Why is a Strategy and Mission Statement Critical?
Determining Your Risk Tolerance
Dec. 13, 2019: Looking for something to do after work? Look no further as Michael Moliterno introduces the new AfterHoursYoungstown.com.
Nancy Tabor, area sales manager of Home Savings Bank, and Andrew Nemergut, retail manager for the Eastwood office, give their thanks to Trumbull County.
What would you do without a strategy and mission statement?
“I would freak,” says Jeff Leo Herrmann, CEO of The Business Journal.
As The Business Journal explores opportunities for expansion – such as Brain Gain, Rally Around Small Business and The Growth Report – a strategy and mission statement helps keep things grounded to avoid trying to take on too much, Herrmann says.
“It can be so easy to head down a rabbit hole chasing something that looks good, but might not be best for our business,” he says.
Test those expansion options against a strategy and mission statement allows marketing teams to better decide what options will help move a company’s mission forward. This is critical to avoid wasting finite resources, thereby ensuring the strategy is effective and profitable, Herrmann says.
“Picking what not to do is just as important, if not more important, than picking the things you do,” he says.
In this installment of Creating Your Unfair Advantage, Herrmann explains why crafting a strategy and mission statement is critical for your business.
Watch the video for more, then visit The Business Journal on YouTube to offer your thoughts on crafting and sticking to a strategy and mission statement.
As signs emerge that our booming economy may be slowing, now may not be a bad time to understand the amount of risk you’re taking in your portfolio and to contemplate whether or not it’s the right amount of risk for you.
“The decision of how much risk you should be taking shouldn’t be arrived at generically,” says Jonathan Lapine with W3 Wealth Management in Warren.
In this installment of The Cautious Investor, Lapine discusses how to determine your personal risk tolerance and what to consider when evaluating the right risk for you.
Todd Hancock and Maureen Collins pull back the curtain on Miracle on Easy Street – how it started and what it means to them.