Browsing Tag
leadership
94 posts
Is Your New Business Ready to Grow? Take These 3 Steps First
If entrepreneurship were juggling, most companies would be one dropped ball away from the act falling apart. Why? Because entrepreneurs add elements into the mix without acknowledging the tipping point. Growing too fast is not about scalability; it's not good for business. Despite this grim reality, companies old and new routinely grapple with the consequences...
Tough Conversations: It Takes Practice
The following is an excerpt on leadership from "Leading From the Jumpseat: How To Create Extraordinary Opportunities By Handing Over Control" by Peter Docker. Copyright 2021 by Why Not Press. Despite years of facing tough conversations, I still don’t find it easy, and it takes a lot of thought and planning. Having to talk...
How Your Startup Can Implement Effective Diversity, Equity and Inclusion Practices
Much of the dialogue about diversity, equity and inclusion (DEI) plans in the media has been focused on established businesses that frankly have the ability to reengineer current strategies, integrate DEI communication into current communication plans, and leverage their organization’s leadership to focus and drive initiatives. Startups and entrepreneurial businesses, however, are most likely starting...
Mentoring is at the Heart of Entrepreneurship
Teaching and mentoring is at the heart of entrepreneurship. As business owners, we're teaching our prospects how our company can help solve their problem. With our team, we're teaching and communicating our vision and how we're to take care of our customers. With our company leadership, we're teaching how to guide their respective functions of...
5 Actionable Goals for Your Startup to Set and Achieve
While the pandemic has created numerous obstacles for entrepreneurs, some of the best and most inventive ideas have been born out of adverse circumstances. January is the perfect time to re-evaluate what worked and what didn’t work over the course of the past 12 months in order to set new intentions for your business. Whether...
3 Ways to Boost Your Team’s Work-From-Home Performance
Across the globe, companies have swiftly adopted remote work. While many had already been considering the switch (by implementing schedule flexibility or experimenting with work-from-home days), the current push toward remote work is unprecedented. Different apps and software tools quickly took charge of the opportunity. During just one week in March 2020, business conferencing apps...
9 Essential Skills You Need to Start and Run a Successful Business
It’s easy to feel underqualified when you’re about to start a new business. It’s a huge undertaking! There are so many factors that play into whether or not your business will succeed. And, while not every factor has to do with your skills as a business owner, some of the most essential skills for starting...
5 Leadership Traits No Entrepreneur Succeeds Without
Entrepreneurs have some of the hardest jobs in the world. At an established company and with a competent team, leading is mostly a matter of keeping the rudder straight. At a startup, it’s another story entirely. Entrepreneurs wear many hats: the role of marketing, sales, day-to-day operations and more all fall on your shoulders. And once...
How to Get Out of Day-to-Day Operations and Into Leadership
When you start a business, you have a vision of what you want running your company to be like. While every founder is different, most entrepreneurs envision customers who love their product or service so much that they see it as the best (or only!) option in the market. Years after they start their business,...
Here’s How Effective Managers Can Encourage and Facilitate Employee Feedback
Leadership should be a two-way street, but managers in U.S. organizations are falling behind. According to a 2019 study, 83 percent of workers would like their managers to ask for employee feedback more often. You’re in a management role for a reason. But that doesn’t mean that your teams can’t contribute effective ideas. A key...
How to Fix a Racially Biased Venture Capital Model and Commit to Diversity in Entrepreneurship
In the wake of the murder of George Floyd and nationwide protests, venture capital firms are making newfound commitments to invest in, or at least evaluate, potential investments that are led by diverse founders. Although commitments such as SoftBank’s $100 million fund to support people of color may seem like a leap forward, when we...
These Are the Personality Traits of Extraordinary Leaders
We see endless professional development workshops promising to transform aspiring entrepreneurs into visionary leaders, yet there also seems to be an elite class who naturally make it to the top. Just being in a position of power, however, doesn’t necessarily mean an individual is a good leader. A true entrepreneurial leader has a disposition to...
WJR Business Beat with Jeff Sloan: Women Leadership Roles Show Progress When it Comes to Venture Capital (Episode 194)
On this morning's WJR Business Beat, Jeff shares progress as it relates to women in venture capital and discusses the importance of diversity in the venture capital field. Tune in to this morning's Business Beat to learn more about women in venture capital: "We all benefit when there is diversity and equal representation in leadership...
How I Choose to Lead My Law Firm in These Uncertain Times
One of the credos at the Mike Morse Personal Injury Law Firm is to be the best law firm to work for in Michigan. We came up with that 13 years ago. But during these unprecedented times, I keep asking myself, what does it really mean? I do think we have been the best law...
The 5 Types of Entrepreneurs You Need on Your Startup’s Team
When you’re just getting started in a new business, what types of people do you need to attract to work alongside you? We studied that very challenge while researching our new book, “The Entrepreneur’s Faces.” We found that new ventures require radically different talents and skills. Yes, you need a great leader, but you also...
Mindful Leadership is the Formula for Success, Says This Business Strategist
I have seen the mantra of “People First, Always” work in organizations of all shapes and sizes. You could define the byproduct of this approach as engagement, but in “The Affinity Principle," I extend the definition to include a natural liking, agreement and connectedness within the team that expands the concept of engagement into a...
How to Lead Your Business Through Times of Uncertainty
To say that the COVID-19 pandemic and ensuing economic crisis has created immense challenges for entrepreneurs and business owners is an understatement. Like the 2007 to 2009 economic collapse, the downturn happened so quickly. Both have been compared to the Great Depression in its catastrophic impact, but that’s where the similarities end. This is my...
How to Be a Hands-On Leader (and Why it’s Important for You Company’s Growth)
Starting a business requires a delicate balance of hard work and high level decision-making. As the owner of your business, you determine the course of the company, the products you sell, and the strategies you adopt to promote your brand. However, the day-to-day work determines how you get there, and without hands-on leadership, your long-term...
How to Choose a Coach to Help Launch or Grow Your Business
Research shows that for both aspiring and established entrepreneurs, working with a business coach typically yields powerful results. These include improved business outcomes, strengthened leadership skills and heightened personal confidence. If you’re launching a startup, a skilled coach will help you to define your vision, identify and leverage strengths and resources, create and implement an...
6 Tools to Help You Manage Your Remote Side Hustle Efficiently (and Easily)
Managing a side hustle on top of a full-time job requires a lot of dedication. Depending on the type of work you’re doing, it can even feel like your side hustle requires more work than your day job — especially if you’ve grown it from a hobby to the point where you have hired others...