Philip Kapneck created a formula to help businesses and workers, and that formula, known as the “Kapneck Business Formula,” has been used many times, over more than forty years.
For more information, see a news story about the formula here:
That news story was one of the items listed on the front page of the official website of Maryland Trade Ambassador Philip Kapneck. It was a story from a few years ago, about the Ambassador, whose ideas were followed By Members of Chambers of Commerce interested in Small Business Matters.
It was learned that some chamber members wanted Trade Ambassador Kapneck to hold a class to discuss his formula for assisting small business. The trigger for this request was the tight economic times back in 2011. Those members were looking for ways to help their businesses achieve improved financial goals.
It was known that the Ambassador had used his great business knowledge and background to help others. The members thought he could help direct their small businesses in new ways, to create new economic opportunities.
One of the items in the “Kapneck Business Formula” that has proven itself, over and over, is to set up a network with other related companies that will expand each other’s business.
It is clear that the Ambassador believes small business is the foundation of a growing economy. The Chamber members knew that if they were able to completely implement the Kapneck formula, it would create jobs, as has been demonstrated many times.
That test was so successful that California businesses also used the Kapneck Business Formula in 2012. Here is the 2012 story: https://folsomlocalnews.com/2012/01/08/kapneck-business-formula-attracts-some-california-businesses.html
Around the time of the first story, Ambassador Kapneck attended the annual Embassy Night, hosted by The World Trade Center Institute, the State of Maryland, and Legg Mason. The successful event was held at the Ronald Reagan Building and International Trade Center on Pennsylvania Avenue in Washington, DC.
Embassy Night 2011 showcased global markets and business successes. 300 VIP attendees represented 30 nations. More than 30 countries were honored, as were many global business platinum and premiere representatives who attended.
The key thing the Chamber business members realized is that businesses do not need to be international, nor large, to take advantage of the lessons learned from others, and they used the business formula to improve their local businesses.
A youtube video has been created to illustrate this very interesting story, for those who prefer to listen to news rather than read it. Viewers who like the video may click the thumbs up button, and share the video with others. https://www.youtube.com/watch?v=VQJrMHrGaXo
Thanks to Maryland Trade Ambassador Philip Kapneck, the “Kapneck Business Formula” has been doing its magic for more than 40 years.
Release ID: 88900712