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.
“From a young age, I learned to focus on the things I was good at and delegate to others what I was not good at. That’s how Virgin is run. Fantastic people throughout the Virgin Group run our businesses, allowing me to think creatively and strategically.” – Richard Branson An … [Read more...]
Did you know that disengaged employees can cost companies as much as $500 billion every year? Even though better engagement can lead to a more than 20% increase in profitability, only one-quarter of businesses have an engagement strategy in place. Knowing this, it is vital for companies to devote more attention to employee satisfaction and retention. However, typical worker … [Read more...]
Any business owner knows that building a strong team is the key to creating a successful business. It is the staff that helps to drive the vision forward. Without their skills, experience, and participation, driving the brand forward is nearly impossible. Knowing these facts, accomplished leaders invest a lot of time and effort into not only hiring the best group of employees, … [Read more...]
In many companies, corporate culture takes a backseat—until something goes wrong. When I sit down with CEOs to help them deconstruct the question “How did we get here?”, one simple regret is uttered every time. With the benefit of hindsight, that wise CEO says, “I wish I had paid attention to our culture from the start.” By contrast, those who lead top companies understand the … [Read more...]
There is no denying that remote teams are a growing trend throughout the working world. Global Workplace Analytics reports that the practice of working from home for the traditional (i.e., not self-employed) staff member has more than doubled since 2005. This is a result of supply and demand: the same data reports that more than 80 percent of working Americans want to … [Read more...]
We’ve all seen the alarming statistics delivered each year in Gallup’s State of the American Workplace Report, with the 2017 report showing that only 33 percent of the American workforce are engaged. And to make matters worse, these statistics have only increased by 3 percent between 2012-2016, so less than 1 percent per year. Why does this matter and why should we be … [Read more...]
All businesses go through rough patches, and these periods inevitably lower the morale of your employees. Although you can’t avoid these difficult situations altogether, there are things you can do to minimize the impact on your employees’ happiness. Here are some of the more common difficult situations businesses go through, and how you can keep spirits as high as possible … [Read more...]
As a small business owner, part of your role is motivating your employees. How you do this though is not clear though, as every team is different and so has different needs. How do you motivate them to get the most out of them every day. Here are 10 ways you can motivate them and keep them working to their best ability. Show Your Confidence The best way to instil confidence … [Read more...]
Happy employees are the key to a successful business. Employees that are happy tend to look forward to coming to work, which doesn’t just boost morale among coworkers, it also make the customer look more favorably upon an establishment. That’s why it’s important that, every so often, you show your employees that you appreciate them. An employee that feels appreciated is … [Read more...]
Running a business is never easy and when it comes to recruitment and finding the best possible workforce, there are countless challenges in front of a business owner. More and more young people are looking for flexible work positions, which can make it harder for employees to get ahold of some younger experts from various fields. This is why more and more companies are … [Read more...]
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