“A woman found a cocoon for a butterfly. On a bright morning during summer she discovered a small opening, she sat and watched the butterfly for many hours as it tried to force its body through the little hole, but the butterfly got stuck because…
At some point in the life of your business, it’s bound to happen. Employee Embezzlement. It may be a hard reality to face and you may not want to believe your employees or colleagues would steal from your company, but it happens more than you…
Much has been said about how individuals have their own unique approach to learning and different learning styles in business, including why some people flourish while others struggle in various settings. Depending on our strengths, weaknesses, backgrounds, experiences, and preferences, each of us processes data…
For most businesses, labor is the largest expense. In fact, payroll costs make up approximately 70% of a typical U.S. business’s cost structure. Reports have estimated that American businesses spend $130 billion dollars annually on hiring and selection. It should come as no surprise, then,…
If you were asked, “What are your guiding business principles?” how would you answer? Would you sum up those principles as “Make as much money as possible”? Or would you wonder why you need guiding business principles at all? As their name suggests, guiding business…
Do you have some processes within your business that have become less effective as your company grows? Do you find yourself listening to complaints about the way things are done in your organization? If so, it might be time to consider business process re-engineering. Business…
Emotional Intelligence EQ is a way of recognizing, understanding, and choosing how we think, feel, and act. It shapes our interactions with others and our understanding of ourselves. It defines how and what we learn; it allows us to set priorities; it determines the majority…
Raising prices when your business is doing well is easy. But during slow times, how much should you charge your customers? Over the years of coaching small business owners, I have seen a great number of people who are willing to eagerly cut prices in…
Budgeting is not a sexy topic for many people. Yet it determines the livelihood of any business. In other words, you must understand the art of small business budgeting if you want your venture to be a successful one. As the year is about to…
Running your own business is challenging, and selling your business is equally difficult. In fact, if you are planning on selling your business, keep in mind that it’s a complex undertaking that involves careful, thorough planning. The success of the sale depends on how well…