Not Sure How to Motivate Your Team? Why Not Ask Them?
When it comes to incentives, what managers believe their employees want and what employees actually want are often different. Ask managers to name the best reward they can offer their people and most will likely say that it’s money. Yet research shows that in reality, employees rank pay far lower than managers expect. While money […]
Is It Time For A Slingshot Strategy?
Lifestyle and growth companies are completely different animals. A Lifestyle CEO starts or purchases a business to provide stable income, in an industry they know well. These are the people who put their software coding skills to use by opening a web development business or who go after their dream of opening a family restaurant. […]
3 Reasons Why You Haven’t Hired Experts (And Why That’s Bad Business)
If you are going to get past a plateau, one of the most important factors is getting your key personnel on board. What often ends up happening is that a founder caps business growth by hiring people beneath his or her own competency level. That is, he or she doesn’t hire anyone with greater knowledge, productivity, experience […]
3 Big Reasons to Stop Micromanaging Your Employees
Previously, we discussed what happens when business owners get stuck in the Founder’s Cap, and believe that they alone must make all the decisions that propel the company forward. Owners often get tripped up by thinking that they have to manage every detail of the operation – after all, no one understands it as well as […]
Your Customers Are Talking: Are You Part of the Conversation?
People are talking about you and your business, and whether it’s good or bad, you want to be part of the conversation. That’s where social media comes in. Social media is a unique tool that enables your brand to have one-on-one conversations with your consumers. It’s vital that business owners understand how to have those conversations […]
The Pros & Cons of Sharing Office Space
Shared office space is a smart solution for some businesses, but definitely not for all. Here are five key considerations to help you decide whether sharing office space is right for your business: Does everyone really need their own fax machine? When I’ve worked with organizations with limited resources, I’ve often asked why individual organizations […]
Do You Truly Want To Be A Growth CEO?
Professor William Wetzel, a venture capital expert, is credited as the first person to use the term “lifestyle business.” In these companies, he said, “there’s no upside potential for creating wealth.” Today, the term “lifestyle business” is oftentimes used dismissively. The companies we respect most – Apple, Google, Amazon, Coca-Cola – are growth companies with […]
Are You Leading or Following? Social Media for Business
Did your mother ever say to you, ‘Just because everyone else is jumping off a bridge, it doesn’t mean you have to too’? My mother sure did. It’s the same for social media. Just because one of your competitors uses a certain social platform doesn’t necessarily mean you need to use it as well. There […]
Everything You Need To Do (and Not DO!) When Building A Social Media Presence
If you want to find potential customers these days, one of the most likely places is on social media. Here are five dos and don’ts for building a strong social media presence: DO pick one network and do it wellIt’s easy to get overwhelmed by all the different social networks out there and think it will […]