In today’s fast-paced and competitive business world, many employers and employees can view work as a serious and stressful endeavor. However, research shows that creating a fun workplace culture can have numerous benefits for both the employees and the company’s bottom line. From increased employee engagement to improved innovation, fun at work can lead to…
When you own a business, you want it to succeed. Yet 18% of businesses fail in the first year, 50% fail after five years, and 65% are gone by year 10, according to Bankrate’s 2022 Small Business Statistics. So, what can you do to make sure your business continues to thrive and grow? Find…
It takes time and effort, but developing trust in business relationships is a valuable investment in your business reputation and success. By consistently demonstrating trust, you can build strong and lasting relationships with customers and partners. Why is Trust Important? Trust is the foundation of any successful business relationship as it creates a positive and…
The goal of simplifying decision making is to make the process of choosing between options faster, easier and more effective by reducing the complexity of available information and presenting clear and straightforward options. Overall, simplifying can improve your business. A data-rich environment can make it more difficult for people to make decisions. It can…
Good ethics are important in business because they establish the foundation for responsible decision making and behaviors. Creating and adhering to ethical principles can help to build trust and credibility among customers, employees and other stakeholders, and are key elements in creating a positive company culture. In other words, good business ethics are good for…
The Internal Revenue Service defines a business as an operation with an intention to make a profit. But what makes a business profitable? The answer comes down to more than just making sales. It is found in the value you create. What is Profitability? Profitability can carry several modifications in definition. In one view,…
As a business owner, you may be excited about all of the strategies you are planning to use to promote your business and attract customers. LinkedIn, Facebook ads, and webinars are on the top of your list. What you might not understand, however, is that these are NOT strategies. They are tactics. There is an…
Where Do You Draw the Line Between Work and Home? Working during the Baby Boomer generation was hard. Jobs were scarce, and because people tended to stay in their jobs for extended periods to time, they often rose to stressful supervisory or leadership roles. Children of Baby Boomers took notice of these stress levels and…
Wouldn’t it be wonderful if the majority of your new clients came in through referrals? Or that you had a trusted network of people you could rely on for referrals? The good news is that your clients, prospects and colleagues need help and you have the ability to help them achieve their goals. Why…
It’s not enough to know your business or even your industry. In today’s competitive marketplace, it is just as important to know yourself. Self-awareness of who you are both personally and in a business sense, along with your strengths, weaknesses, opportunities and limitations, can help you lead your company to bigger success. “Research suggests that…
