Sometimes to be successful means to avoid doing the things that will destroy your success. It’s easy to go down the wrong path and it’s important to be aware of this. Step #1: Saddling Your Business with Debt Conventional wisdom states that there is smart debt vs. dumb debt or a similar description of two […]
employees
The Differences Between How Men and Women Manage a Business
There are differences between how men and women manage their business, their employees, and their finances. What are these differences and does it matter? Do you really think that I am brave enough (or foolish enough) to write an article with a topic like this?! Maybe for another day. If you like what you just […]
Help Your Employees Succeed in 5 Steps
One of the common topics that I discuss when advising business owners is that of employees. From finding employees, keeping employees, and sometimes letting employees go. Dealing with employees can be difficult because we are people with emotions, problems, families, health issues, and also have lives outside of work. As a business owner and manager, […]
What Keeps Business Owners Up at Night?
Aside from worrying about everything, there are really just a few timeless concerns of most business owners. If you don’t have at least one of these concerns then that is probably a concern. Here they are with a few solutions: Employees: No matter how well you run your business, it will always be a challenge […]
5 Traps to Avoid When Growing Your Business Rapidly
Growing your business, especially growing rapidly, can be a really great accomplishment, but there are dangers when growing too quickly. Here are several traps to avoid to ensure successful growth: Cash flow: Quite often, a small business will have cash flow issues when growing too rapidly. This is due to a delay of getting paid, […]
The Lifeblood of Your Business
There is one critical aspect of your business that you cannot underestimate or take for granted. It’s not marketing or accounting, although these are important and critical also. It’s . . . Your employees! Customer service: Depending upon your role in your business, they probably have much more interaction with your customers than you do. […]
Don’t Use Your Employees and Employees Don’t Use Your Employers
When I was a kid, sometimes a friend would say, “Don’t be friends with so and so because they are users.” I have to admit that I really did not know what that meant back then, but since I now have the Internet nowadays, I was able to look it up. According to urbandictionary.com, a […]
The Overlooked Business Asset
What is the most important asset of a business? Here are a few choices: Customers Employees Technology They are all important, but there is one missing element. Relationships. Strong relationships are what make a business successful. It’s not a new concept and it’s been around since business started. Let’s look at each one: Employees: Most […]