Welcome back to our series on Navigating Business Decisions, a study conducted in collaboration with Kent State University students. I’m Grace, founder of LaConte Consulting, and in this post, I’ll walk you through how we conducted our study, what methods we used, and how we ensured meaningful insights from our research.
Continue reading “Behind the Scenes: How We Conducted Our Business Study”
Quality is much different than quantity. It includes sensations and feelings from interviews, discussions, and narrative stories that are difficult to turn into specific numbers.
Although it takes more time to collect, qualitative data is extremely helpful because it provides a depth of understanding about very complex problems.
Continue reading “15 More Places to Look for Strategic Risk in a Company: Qualitative”
There are many places to look for signs that something in your company needs to be adjusted.
In this post, I’ll share 20 different places where your business can look to avoid a potential catastrophe. I also explain how to evaluate these sources for vulnerabilities, and which questions to ask.
Continue reading “20 Excellent Places to Look for Strategic Risk in a Company: Quantitative”
What’s the difference between quantitative data (numbers) and qualitative data (experiences & emotions)?
Keep reading to find out why these are both essential parts of overcoming barriers as an owner, and examples of where to look for vulnerabilities in your business.
Continue reading “Interpreting Numbers and Experiences [Podcast]”
In addition to reviewing hard numbers (quantitative) and experiences (qualitative), the Mixed Method combines them both. This approach offers extremely valuable insights about what could be going wrong in a company.
Continue reading “Interpreting a Mixed Method Data Evaluation in Your Business”
If you’re looking for practical ways to identify opportunities and threats in your business, don’t just “try harder.” Instead, consider two risk intelligent options: Adapt to a changing market, or Quit and move on to something else.
In this episode, Grace explains why she started this podcast and what you can expect in future episodes. You’ll also learn where to get visual graphics & articles related to each episode, and how to submit a question.
Numbers alone don’t tell the whole story. In addition to Quantity, we also need to look at Quality such as feedback, interviews, case studies, and narrative analysis.
Continue reading “Interpreting the Qualitative Data (Experiences and Emotions) in Your Business”
Do you hate reviewing your business financials? If so, you’re not alone.
In this article, I’ll explain:
Continue reading “Interpreting the Quantitative Data (Numbers) in Your Business”
Are you wondering how to tell the difference between data that are based on numbers (quantitative) and those based on sensations and experiences (qualitative)?
Many business owners find it difficult to make the distinction… which can lead to frustration, overwhelm… and eventually to a business that is vulnerable to threats that could cause irreparable harm.
Continue reading “How to Understand the Quantitative and Qualitative Data in Your Business”
How well did your business do this year?
Answering this question can bring up a lot of emotions, especially if things did not go as expected. You might feel the pressure of setting end-of-year deadlines. Looking back can result in guilt if we didn’t reach our goals, or anxiety about setting new ones.
Many business owners feel a tug-of-war between accomplishing daily duties AND stepping back to see the “30,000-foot view” of their company. But even though it can be really scary, doing a Year In Review is very helpful. That’s why I recommend taking time to look back at what happened using data that is quantitative (numbers) and qualitative (experiences). Once you review the results (good and bad), you reduce the risk of failure by making adjustments to your plans for the next year.
Here are six helpful resources to guide you through the process.
Continue reading “6 Resources That Can Help You Analyze the Past Year”
