When it comes to running a small business, leadership is of the utmost importance. Employees look to you for guidance and to set the tone for your company. Learn more about what it means to be an effective leader with the articles in this section, which cover topics such as employee management, hiring and firing, and team building.
The closely guarded formula for Coca-Cola is stored in a bank vault that can only be opened by a resolution of the company’s board of directors. Only two Coca-Cola employees ever know the formula at any one time, and their identities are not made public. Also in a bank vault is the formula for Water Displacer 40th attempt – commonly known as WD40. The formula has only been … [Read more...]
In November of 2011, Merill Lynch was hit with an $8.5 million lawsuit for wrongfully letting an employee go. Three years later, CNN became the Defendant in a similar suit, but this time the Plaintiff was going after $5 million in damages. Unfortunately, these high amounts are more common than you’d think as, according to Xcel HR, a human resource service for small and … [Read more...]
There is no denying that workforces are the home to many different personalities. Sometimes these personalities clash, and sometimes they work well and create an amazing team. No matter what your area of expertise is, you will always have to deal with various types of workers and clients under your wing. Take this fun quiz, produced by Cloud HR service Cezanne, which’ll help … [Read more...]
You may be someone who thinks everyone deserves a second chance, no matter how big of a mistake they may have made. But should you take that softhearted attitude into your business? Hiring someone with a criminal background could do wonders in helping someone getting back on their feet after being incarcerated, but it could also have some consequences for your small business. … [Read more...]
In my office, amongst the piles of books, a limited edition can of Coke celebrating my beloved Clemson Tigers’ recent national football championship, and an Excalibur sword-in-the-stone paperweight stand three framed photos of people who inspire me everyday: Winston Churchill, Walt Disney, and Herb Kelleher. Having these leadership icons greet me each morning motivates me to … [Read more...]
Owning and running a small business can be tough. This is especially true if your SMB is new. In fact, 30% of new businesses are expected to fail within their first years. Furthermore, 50% will fail within the first five years and only 44% will make it past the first 10 years. To be one of the 44%, it takes skill and, along with that, a greater knowledge of both processes and … [Read more...]
If you are a superhero fan, or at least know about the legendary characters, then you are in for a treat. This infographic has been created by warehouse management system specialists, who know just what it takes to produce an efficient workspace. If you work in a streamlined operation, then this infographic is a fun way to explore what superhero you would be, depending on your … [Read more...]
When you buy an existing business, as well as taking on the running of the operation, you may also find yourself with a whole new set of employees. If you wish to keep on the existing staff – and you are usually under no obligation to do so – the changeover process must be handled delicately. A business takeover is a stressful time for employees, and on top of that, there are … [Read more...]
With a smaller number of staff, the contribution of every employee in an SME is critical. According to a study, employees of small businesses are working an average of eight extra hours unpaid every week at work and home. The main reason for SME workers doing so many extra hours is to keep up with the volume of work, followed by pressure from their manager and more … [Read more...]
I fondly remember growing up and helping my father carry his toolboxes to various jobs. My father ran a side business that repaired and installed things like furnaces, air conditioners, and hot water tanks. He also was called out by those who needed miscellaneous repairs such as leaking faucets, damaged drains, and was even called out for the occasional “can you fix my car” … [Read more...]
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