10 Apr’15
5 ways the 'Internet of Things' transformed the vending machine

5 ways the ‘Internet of Things’ transformed the vending machine

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The ability to access information generated by connected devices, remotely and in real-time, can enable a fundamental shift in how companies operate and how they generate revenues. By being constantly connected, companies can offer their customers a “product utility as a service,” shifting the value from the actual product to the service this product provides.

Smart vending machines are a great example of the impact of the “Internet of Things” (IoT) on revenue streams and business models.

With improved security, user customization, smart payments and constant monitoring of inventory and consumption patterns, opportunities abound for dispensing new products more profitably using a network of connected devices.

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14 Jan’15
The most important business books ever written

The most important business books ever written

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What business book has had the greatest impact on your career?

As a business owner for 17 years, the most valuable book for me has been ” The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It,” by Michael Gerber.

It taught me that I needed to set up systems so the company could run without me, and so it could run consistently every day whether I was there or not. That was a great lesson that allowed me to coach my kids’ sports teams, volunteer at church during the week, and take my family on our fair share of vacations — all without having to worry (too much) about what was happening in the business.

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