This is a difficult time of uncertainty and business owners are instinctively cutting back and holding on to what cash they can. COVID-19 has affected everyone. Here we offer advice that may seem counter intuitive. We suggest that business leaders focus on the human side of your employees and customers. They should be your priority
Developing a mentorship program can be extremely helpful for employee career development and self-improvement. Having a mentor allows staff members to focus on skill enhancement and goal setting. If members of your organization are struggling with a clear sense of direction moving forward, it may be time to consider establishing a formalized mentorship program. Using
Why do corporate cultures resist change? There are many reasons, but you only need to look at the way a staff is organized, the way corporations do business and the way they select new hires. These become a few powerful reasons organizations have difficulty embracing and incorporating change in staying competitive. One way the corporate
In this time of economic uncertainty, business leaders often find themselves leading in uncharted terrains. For many industries, the future is difficult to predict much less survive. The leadership skills that were important in navigating the development of your business may no longer be relevant to ensure future sustainability. For many leaders, this is a
It may sound counter-intuitive but there can be advantages to allowing your business process to include some failure. Here’s what we mean by that. We know that you have spent time defining your purpose, your goals, and how you get things done with your staff. We’ve talked about efficient and effective work procedures. So why
It’s never too early to think about your business succession plan. Many entrepreneurs set out to build a business that provides financial security for their family, not only for the present members, but for future generations as well. As you scale your business and begin to develop a workforce to execute your plans, think about
Opportunity management is a system for evaluating, choosing and prioritizing various business choices that you can make to keep a business moving forward. You may be investigating a new revenue stream, choosing a better CRM platform, or joining a strategic partnership, as examples. Selecting the right opportunities can be a major struggle for entrepreneurs and
In the journey from entrepreneur to CEO, have you ever thought of yourself as the Bridge Builder for your business? First you had an idea that you transformed into a business. It started to make some money. Yet, success is only sustained when you align the inner operating procedures of your business with the delivery
Planning for business success allows you to create a focus and build motivation. Without a business plan, your day can easily be hijacked by everyone else’s interruptions. Time is such an important commodity that you should guard against it being wasted. As long as you are going to work on and with your business, you
There comes a time when every entrepreneur faces a decision about whether it’s time to pivot and change business directions in mid-stream. As an entrepreneur, your business was the tangible result of an idea that you believed held promise. So, you set out to design an action plan that would take your business from where
