Business leaders have often used mentoring to enhance employee skill sets, however, we find that a structured mentorship program is more likely to provide better results. We know that business leaders who are effective mentors improve their business results in a variety of ways. Not only does the bottom line receive a boost, but we
To successfully emerge from this time of COVID, along with our racial unrest, leaders must re-establish priorities. Although the economic landscape may look daunting for your business, there can be silver linings, if you search for them. Yes, this is a time of crisis, but it also can be a time of opportunity. We suggest
Everyone has a story to tell. Women leaders are no different. So women, here’s important advice: own your story and tell it well. It can be challenging for some women to be the protagonist of their own tale. It seems that many women tend to talk about themselves only when it’s about them helping someone
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