Graduating from building a business to trusting your staff to run things whilst you oversea is a big step in ensuring you can enjoy your business and your life. Business Advisor Larry Mangelberg offers a How To on achieving just that.
The two things that set any business apart from another similar business are staff and input from advisers. A board makes your organization accountable to an external group of knowledgeable businesspeople and will drive you to make better business decisions.
Today’s economy has given small business owners and managers a new reality: the loss of target clients and the need to reassess their business models to find new ones. It is either reassess and float or keep business as usual and drown.
As a manager or business owner, your ability to encourage information sharing is critical to avoid bad decisions. Contributing to bad decision making is a lack of knowledge and experience. Recognize that you have limitations and embrace input.
Reviewing your business operations includes looking at your I.T. Establish what is actually working for you and stop wasting time with what is not. There are often inexpensive options that can see you profit the most from your technology.
Generation Y’s familiarity with technology and their unique work ethic has created a number of cultural clash points with the rest of the working population. Managers need to understand a few key points to take advantage of the best this generation has to offer.
Collaboration requires different roles in executing strategies. Understanding your team will allow you to best pair them for creativity, problem solving, and carry through. There are terrific resources out there to help managers gauge employee profiles.
If you are a leader in your business making plans for the coming year, part of your job is to identify all the direct and indirect stakeholders whose lives you impact, and who impact your business.
Changes in business practices can be a real challenge to Managers as they work with their employees to embrace the changes. Staff are often resistant to any change. Look for those who see your vision and embrace it — they will be your champions.