Management
Master the art of effective management. Develop leadership skills, foster teamwork, and optimize resources for organizational success and strategic achievement.
Tips For Surviving Your First Year As a Business Owner
Owning your first business is an exciting milestone for an entrepreneur. Statistics say that only 50% of businesses make it past the first 5 years. Therefore the first year is crucial when it comes to setting the tone for your business’s success. When it comes to your business being successful it takes a consistent effort to follow through and make sure that you apply all of the tips that you get. Here are some of the best for getting through your first year, and ensuring you stay successful and continue to grow. Make Sure You Have All The Right Tools When it comes to setting yourself up for success you…
Yes, You Can Run a Business and Travel at the Same Time!
What comes to mind when you hear about someone who funds their round the world travel adventures by running their own business? If luxury yachts and ageing millionaire tycoons who got rich in the dot com boom are the first images you came up with there’s no shame in that. In fact, this stereotype is probably the most popular depiction of someone who dabbles in work from choice, rather than necessity, despite it being a million miles away from the average person who chooses to transform travel and work into a way of life. That’s the Dream – What’s the Reality? Unless you have some form of private means, most…
5 Things You Must Know Before Opening a Print Shop
Almost every business could benefit from customized banners, more targeted print advertising, and promotional products. Whether you’re talking about screen printing or digital printing, print shops offer particular services and economies of scale that other businesses need but probably don’t have the time, equipment, or expertise to do themselves. Even from the perspective of someone wanting to open a print shop independently, equipment and training can be serious impediments to getting it right. Opening a print shop from scratch entails getting your financials in order and ensuring that—if you don’t have a mountain of liquidity at your disposal—you have good enough credit to secure private loans. 1. Startup Capital Requirements…
5 HR Policies to Decide Before You Hire
You’ve been running your startup or small business on your own, and it has grown enough that you now need to hire employees. Before you go down the exciting and sometimes stressful road of hiring and onboarding new people, you need to have HR policies in place. Designing HR policies isn’t easy, but with the right research and preparation, you can create solid documents that will prepare your business to have more staff members. Vacation and Time Off Your small business has lots to consider regarding vacation time. How do employees accrue it? How many days, at most, can your employees take each year? Consider whether it’s paid vacation and…
You Can Say Goodbye To Open Plan – The Future Of The Office Looks Like This
The open plan office was supposed to be the future (just like flying cars). But the more employers experimented with it, the more they realized it didn’t work. The open plan ideal is slowly but surely being supplanted by flexible working spaces that have zones for both concentration and communication. For many employers and workers, this will come as good news. For years, employees in the business of writing reports and data entry have had to listen to music to drown out the general hubbub of the office environment and get their work done. It’s a shame, and it reveals just how badly open plan office design got it wrong.…
Scary Scaling Challenges That Could Damage Your Business
As a promising startup, scaling up your operation should be something you are looking towards. Growth is, in the vast majority of cases, essential to your company’s survival. But it is also a serious problem, and it can pose man challenges that you need to overcome. We’re going to look at the issues that could end up causing you more harm than good unless you are meticulous in your preparation. Read on to find out more. Too fast, too soon One of the biggest issues you will encounter is moving too fast and trying to grow before you are ready. Let’s say you are manufacturing a brand new product. On…
What You Need To Know Before Starting a Franchise
Franchising can be a rewarding venture. Assess risks, market, and personal fit. Meet financial criteria and have a solid business plan for success.
Ask Yourself These Questions Before Moving Into a New Office Space
Choosing an office space is one of the most important decisions your business will make. It’ll shape what your business can do for months to come. And it’ll be the deciding factor in who you employ and how you target your clients. Thus, it’s important to get the decision right. You might think that your choice of office is reversible. If you don’t like it, you can get out of it and find another. But the commercial renting market is very different to the residential renting market. In the residential market, minimum terms can be as little as six months. In the commercial market, they’re rarely less than three years…
The Ultimate Guide To Starting A Business
More and more people are turning to business as a way of life. The reasons for this are many, and it is one of the most lucrative ways to make a living. If you get all of the separate elements right, running your own business can be extremely rewarding. The rewards are not just financial, either, but of many different kinds. There is also the positive feeling that comes from having built something from the ground up. Of course, the world of business is also full of challenges and potential setbacks. The main things to remember in relation to these is that they are not necessarily an issue, as long…
Key Steps to Improving Your Office Work Environment
Creating an excellent work environment for your employees helps to improve your business. Employees who feel they are treated well will enjoy their jobs and want to stick around longer. They will be more motivated to do their work and to do it well. If you don't show that you care about your employees, you could find it difficult to retain staff.
The Five Best Ways To Save Time At Work
Business owners obsess about saving money, but it is time that they want to save. Time is essential to raising productivity levels, which then leads to higher sales. And, higher sales lead to more money. Time also helps a firm become more efficient. Efficiency is something that every business should aspire to because it reduces waste. As you can see, saving time is a big deal. For those of you that don’t take it seriously, that needs to change. Here are five tips that will help. 1. Plan The Day It is a cliché, but a plan is essential if you want your day to be productive. Just a couple…
What You Need to Know About Making Your Office a More Productive Place
Productivity is very important in the world of business. If the productivity levels in your office are poor, then your profits will be poorer too, and that’s not what you want. So, what can you do to make your office is a more productive place? Making employees more productive in your workplace is all about creating the right environment. And it’s also about treating people right. Here are some great tips to help you get it right in your office. Make the Place Light All the best offices have plenty of natural light flooding in through the windows. There is nothing worse as an employee than having to work in…
