The most successful business owners are always thinking ahead. If you are a new business owner, strategizing about mission statements, corporate culture and business plans are things you would be smart to address early on. More seasoned business owners can benefit from articles on everything from setting client expectations to creating a niche for your small business
When Antsy Labs, maker of the Fidget Cube, decided to delay production because of a fault they found in the first few units, they took a massive risk with heavy consequences. Their manufacturer was contracted by another entrepreneur to produce the same design, and that entrepreneur made more than $300,000 on the idea, while Antsy Labs struggled to ship units. One of the … [Read more...]
Running a small business is no easy task. You’re constantly spinning plates, trying to develop and maintain a loyal customer base while still making money in the process. Luckily, 70 percent of small businesses last at least two years. To make sure your business is a part of this majority, here are a few steps you can take. Grow at the Right Rate Common sense says that the … [Read more...]
Return on investment is a business strategy that is widely talked about in venture capital circles. When companies introduce initiatives to get the best ROI, just about every aspect of business is impacted positively, from the financial bottom line to productivity and from projections to growth potential. As a business owner, you will want to evaluate various ways to squeeze … [Read more...]
Having an employee get injured at work is no laughing matter. Whatever the severity of the injury in question, it can and will throw a substantial monkey wrench in both the employee’s and employer’s lives. Apart from the obvious medical issues, the amount of paperwork that can come about from these incidents can be daunting. It is imperative that, despite any inconvenience to … [Read more...]
There is an entire universe of people who have great intentions when it comes to their health and fitness levels. Every Sunday night, they make a solemn vow to kick Monday morning off on a healthy note, start running, join a gym, and prepare a healthy meal. That elusive Monday never comes and the realistic Monday in which everything remains the same occurs yet again. Does this … [Read more...]
From bullet journals to The Miracle Morning, goal setting is all the rage right now. Particularly for entrepreneurs and business owners, goal setting is an integral and challenging part of company operation that requires careful attention. Setting new goals for your business can be exciting. It’s a creative process that allows you to envision a positive, productive future. … [Read more...]
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...]
Following the lead of global brands like Google, Apple, and Instagram, companies across the world have started implementing and improving workplace well-being and happiness concepts. These forward-thinking pioneers have adopted the notion that creating a workspace that supports their employees’ well-being and happiness is a powerful motivator for staff retention, loyalty, and … [Read more...]
Any business owner can tell you that there are numerous challenges to growing a business and that how you manage them defines if your business is going to be successful or not. It's vital to detect and overcome these obstacles that come hand to hand with growth in order for your business to continue to thrive. With different stages of business expansion come different pitfalls … [Read more...]
So, you’ve expanded, more people are coming in, business is booming – congratulations! Prepare to wage a war you never knew existed – the war on germs. As a business owner, the responsibility of maintaining hygienic conditions rests solely on you. With the influx of people on your payroll, the problem of maintaining said levels of hygiene grows exponentially. Solid working … [Read more...]
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