Small Business Culture and Success: Making the Connection
The thing about business culture is that it’s so hard to define – there’s no one-size-fits-all approach, and each strategy is as unique as the business it belongs to. It’s challenging for small business owners with a small staff to know where to start building a culture that breeds success. Ultimately, taking that first step […]
Read More »
The Real Cost of Hanging on to Toxic Employees
Cost of Hanging on to Toxic Employees. Nearly everyone has worked at a company with a toxic employee (If you haven’t, count yourself lucky). Even businesses that are lauded as being a “Best Place to Work” can run into problems by hiring a bad apple. Toxicity can range from bullying to sexual harassment to workplace […]
Read More »
How Your Emotional Intelligence Can Impact Your Business
Have you mastered the art of getting to the point? It’s a sure sign that you’re working on your emotional intelligence as a business leader, something that’s been the topic of our conversations during this month’s client coaching sessions. Consider three common challenges that entrepreneurs face: Lack of clear goals and objectives, hyperfocus on their […]
Read More »
How to Retain Talent In a Hot Job Market
With an ongoing pandemic and swelling numbers of white-collar employees resigning for greener pastures, the conversation continues among our peer group members: What will it take to retain talent and pay them fairly? In reviewing a recent article in the Wall Street Journal, I noted that inflation is at its highest rate in nearly 40 […]
Read More »
Influencing Company Culture by Building Self-Understanding
By now, the world knows the story of the dot-com CEO who fired 900 employees on a Zoom call. There’s no arguing this was a decidedly bad business move, and owners and leaders of businesses of all sizes need to understand why. The CEO in question is Vishal Garg of online mortgage originator Better.com, and […]
Read More »
Business Owner’s Discipline in a Post-Pandemic World
If you’re a business owner, you’ve heard us talk about the importance of employee retention in today’s post-pandemic environment. With the labor shortage and more employees thinking about work/life balance as we come out of the lockdown, we emphasized steps to keep your current employees happy. That remains the case, and it’s still much easier […]
Read More »
What You Can Do About the Labor Shortage
It’s hard to miss all the headlines about the labor shortage. Restaurants are scaling back hours, switching to carry-out only, and even closing for good because they can’t find people. Grocery stores shelves are empty and almost every main street storefront sports a “Help Wanted” sign. Research shows that consumer demand isn’t to blame: Retail […]
Read More »
Leveraging Threat Mitigation for Successful Exit Planning
Although John Bloch had been working on boat repair and maintenance since he was a teenager, he wasn’t quite prepared for the challenges he faced in 2012 — about eight years after buying his employer’s assets and taking over the helm himself. When John stepped up in 2004, he hired seven employees and quickly began […]
Read More »
Is It Time for Business Growth?
While all new business owners and founders cross their fingers for overnight success, the truth is that most new ventures or startups need to clock some serious hours to ensure business growth. Scaling up is complicated, intensive, and often pretty frustrating, but it’s also the foundation of serious return on investment. Growing or Scaling? First, […]
Read More »
A Cryptocurrency Guide for Small Business Owners
Businesses of all shapes and sizes have been increasingly adopting blockchain technology for several processes, and under the umbrella of blockchain technology sits cryptocurrency. Blockchain can seem nebulous and complicated for small businesses with streamlined accounting processes, but ultimately it’s a tool that will help owners future-proof their business. What is Blockchain? At the most […]
Read More »