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Articles by David Fuller
Opinion: Don’t kill a business idea before you know why it’s failing
In my last column, I wrote about Winetux, a product designed to help keep a bottle of wine cool on a warm summer night that I started selling when I was 21 years old. I spent a couple of years trying to make the business work. I travelled, attended trade shows, made cold calls, met with investors and kept pushing because I believed hard work would eventually pay off.
Opinion: Hard work alone cannot guarantee business success
I should have paid more attention to the fact that my parents and their friends were rather tipsy from the wine they were drinking when they proposed an idea for a new product. However, being 21 years old, having just finished my business program at college, full of energy and looking for a world of excitement in business, I thought their idea for a product designed to help keep a bottle of wine cool on a warm summer night might be just the thing to set the world on fire. We called it Winetux.
Opinion: What a struggling church can teach business owners
A few years ago, I was talking to a clergyman who was struggling with declining church attendance. We discussed the reasons for it, and I told him there wasn’t as much difference between a church and a business as he might think. He was skeptical, so I put it to him this way: both businesses and churches depend on people. In business, we call them customers. In a church, they’re parishioners. Obviously, a church isn’t a business.
Opinion: The lone wolf entrepreneur is a dangerous myth
There are times when projects that normally excite me begin to feel like chores. My to-do list grows faster than I can tackle it. Decisions take longer than they should. Tasks that once energized me start feeling like obligations. That’s when I know I’m heading toward burnout. I’ve learned not to ignore those warning signs. When my enthusiasm disappears and everything starts to feel like work, it’s usually a signal that something needs attention. Sometimes the answer is rest.
Opinion: Tears at work are inevitable, so learn how to deal with them
I don’t know if I have a knack for making people cry, but I’ve seen plenty of tears. I’ve had clients, members of a company where I was working and members of the basketball team I coach bawling their eyes out. I’ve seen it all. Staff crying because they were happy, sad, angry, or being held accountable; shoplifters crying because they were caught; employees crying at the loss of a staff member. All of that came on top of the expected tears of kids and family.
Walking away from your business isn't a failure
Walking away from a business can feel like failure, but sometimes, it's the most courageous decision an entrepreneur can make. I've done it. It was painful, humbling and, in the end, necessary. If you're feeling overwhelmed, burned out or unsure whether to keep going, you're not alone. Here's what I learned from shutting down one of my earliest ventures - and what you should know if you're thinking about doing the same.
SpringHill Suites Houston The Woodlands in Woodlands, TX Listed for Sale
SpringHill Suites Houston The Woodlands - Image Credit CBRE CBRE Hotels, as sole and exclusive agent of the owner, has been engaged to offer for sale the fee simple interest in the 138-room SpringHill Suites Houston The Woodlands.
Urban Hotel Markets Expected to Sustain Growth into 2025, CBRE Hotels Forecasts
Urban Hotel Markets Expected to Sustain Growth into 2025, CBRE Hotels Forecasts - Image Credit Unsplash+ The urban hotel sector is expected to witness steady growth in revenue per available room (RevPAR) in 2025, with a predicted increase of 2.0% due to improved group and business travel and the ongoing recovery of inbound international travel.
Carnival Season Demand Sparks Hotel Price Surges in Top Party Destinations
Carnival Season Demand Sparks Hotel Price Surges in Top Party Destinations - Image Credit Unsplash According to the latest Lighthouse data, demand is surging across the world’s most renowned carnival destinations this Easter, leading to higher hotel prices and increased revenue opportunities for the hospitality industry.
Southern Europe's Hospitality Sector Flourishes despite Overtourism Concerns Original
The hosting of the 2024 Paris Olympics significantly boosted the French hospitality market. Southern European hotel market sees significant growth in 2024, with Paris and Spain witnessing a surge in demand due to the Paris Olympics and a boost in international tourism respectively. Overtourism emerges as a significant concern in Southern Europe, prompting various responses, from resident protests to government-imposed tourism taxes and visitor caps.
U.S. Hotel Profits Rise in 2024 Despite Rising Costs and Inflation Original
U.S. Hotel Profits Rise in 2024 Despite Rising Costs and Inflation - Image Credit Unsplash U.S. hotel industry profits saw growth in 2024, but the increase was constrained by rising labor costs and inflation. Miami showed the highest growth in Gross Operating Profit Per Available Room (GOPPAR) and Total Revenue Per Available Room (TRevPAR) among the top 25 markets.
Live! Casino & Hotel Louisiana: A $270+ Million Game-Changer in Shreveport-Bossier Market Celebrates Grand Opening
Live! Casino & Hotel Louisiana - Image Credit The Cordish Companies Live! Casino & Hotel Louisiana - Image Credit The Cordish Companies The Cordish Companies celebrated the grand opening of Live! Casino & Hotel Louisiana, a $270+ million resort destination. The event marks the launch of the first land-side casino in the Shreveport-Bossier market, heralding a transformative moment for gaming and hospitality in the four-state region.
Baltimore Hotel Market 2025+ Outlook - By David Fuller Original
This research article analyzes the performance of the hotel market in Baltimore for the trailing four quarters ending in Q3 2024, with a specific focus on key metrics such as occupancy, average rate (ADR), and revenue per available room (RevPAR). The report highlights the positive impact of the removal of approximately 2,500 hotel rooms from the downtown supply and discusses the potential for improved hotel performance in 2025.
Baltimore Hotel Market 2025+ Outlook
This research article analyzes the performance of the hotel market in Baltimore for the trailing four quarters ending in Q3 2024, with a specific focus on key metrics such as occupancy, average rate (ADR), and revenue per available room (RevPAR). The report highlights the positive impact of the removal of approximately 2,500 hotel rooms from the downtown supply and discusses the potential for improved hotel performance in 2025.
Opinion: Small gestures the key to success in business
We were going 64 km/h in a 50 zone on our way to bury Larry when we got pulled over. When the police officer asked why we were going so fast, we explained that we were on our way to Larry’s funeral. As he walked back to his car with my wife’s licence and insurance, I told my wife that if Larry had any influence with the “Big Guy,” maybe he could help us out with this one. Larry was always part of something bigger.
Without measurement, your business is flying blind
Without measurement, your business is flying blind I’m getting slower; there’s no doubt about it. I have been keeping track of my cycling times for the same routes for over five years, and each year, my times are slower. My climbing is slower by a minute or two for the same hills, and my times on longer distances are noticeably more sluggish. However, there are other areas in my life where improvements are happening.
Opinion: Six things business owners owe their employees
I recently heard of a leader within an organization who was treating his assistant much like a slave. This leader not only subjected the assistant to verbal mistreatment but also regularly brought his dog to the office, expecting the assistant to clean up after the animal when it made a mess inside the building. Working in a non-unionized environment, the employee had to comply or risk losing favour with the boss and possibly his position.
Opinion: Can leadership take your business from good to great?
The ice on my neighbourhood skating rink last winter was good but not great, and that was totally my fault. There have been years when the ice has been fantastic, and people from all over the city have come to skate on the rink. It even got nominated for best outside rink in the city one year. But we didn’t win any awards this year. I’ve looked after the ice with my neighbour Byron for the past 14 years. This year, we got off to a late start.
Leadership key to taking your business from good to great
Leadership is key to turning a good business into a great one The ice on my neighbourhood skating rink last winter was good but not great, and that was totally my fault. There have been years when the ice has been fantastic, and people from all over the city have come to skate on the rink. It even got nominated for best outside rink in the city one year. But we didn’t win any awards this year. I’ve looked after the ice with my neighbour Byron for the past 14 years.
Business success needs accountability from you and staff
How accountability can lead to business success and increased productivity in the workplace Do you play your guitar at work? In 1988, business was so slow that I would go to my office at the back of our store, close the door, take my guitar out, put my feet up on the desk and start strumming. While it was soothing for the soul, it wasn’t very productive. After a couple of months of this, I started to get bored singing to myself.
Opinion: Signs that your business may be slowly dying
My dog died last week – but the truth was that she had been dying for several months. Last winter, she had a couple of seizures in my driveway, and I considered having her put down. But after a couple of weeks, she revived and had a great spring and summer. In the last month, she definitely started slowing down. She wasn’t in pain but couldn’t walk far. I knew the end was coming soon and there was nothing I could do about it. And then, one day, her life quietly slipped from her body.
Signs that your business may be slowly dying
Often, the hardest thing for business owners to do in this situation is to decide to move on By David Fuller My dog died last week – but the truth was that she had been dying for several months. Last winter, she had a couple of seizures in my driveway, and I considered having her put down. But after a couple of weeks, she revived and had a great spring and summer. In the last month, she definitely started slowing down. She wasn’t in pain but couldn’t walk far.
Signs that your business may be slowly dying
Reading Time: 3 minutes Often, the hardest thing for business owners to do in this situation is to decide to move on My dog died last week – but the truth was that she had been dying for several months. Last winter, she had a couple of seizures in my driveway, and I considered having her put down. But after a couple of weeks, she revived and had a great spring and summer. In the last month, she definitely started slowing down. She wasn’t in pain but couldn’t walk far.
Key strategies for financial success
Reading Time: 6 minutes How balancing financial security, lifestyle goals, and social impact can lead to successful wealth creation I am grateful to be from a family where I had six siblings, of which three were adopted. Now, with four children of my own who all happen to be at home as I write this, I appreciate the blessing but also understand the sacrifices my parents made over the years.
How to craft marketing strategies to attract ideal customers
How to craft effective marketing strategies that attract your ideal customers and encourage them to do business with you “Our ideal customer is anybody who’s breathing,” was the response to my question of who this businessman’s ideal customer was. “Really?” I said. “Are you serious?” Unfortunately, his reply was “Yes.” That affirmative answer was probably why this business owner turned to me for help with his company.
Strategic planning essential for business success
Strategic planning is essential for the success and growth of a business, or a wedding I’m told that a lot of planning goes into weddings. Twenty years ago, when I got married, I don’t remember there being so much planning. Yes, I had to go here and there and look at stuff. But as far as I was concerned, I was planning to show up on the day, and that’s all that my wife-to-be Margaret needed to worry about.
How to read and improve your financial statements
How to read and improve your financial statements and achieve business success My brothers and I would sometimes get into trouble, both at school and at home. Though we generally had good grades, my mother would always make a point of reading our report cards as soon as we brought them home. Walking home from school on that warm day in June, when I was in Grade 7 and Rob in Grade 6, was particularly satisfying.
Easing the burden of leadership
I’ve met many politicians but the hardest working one I know is Shirley Bond, the MLA for Prince George-Valemont in northern British Columbia. I first met Bond in the early 2000s, when she was starting out in provincial politics and I was starting out as a trouble-maker in an environmental group trying to clean up the air quality. Bond said she would help us and she did.
How to read and improve your financial statements
How to read and improve your financial statements and achieve business success My brothers and I would sometimes get into trouble, both at school and at home. Though we generally had good grades, my mother would always make a point of reading our report cards as soon as we brought them home. Walking home from school on that warm day in June, when I was in Grade 7 and Rob in Grade 6, was particularly satisfying.
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