Browsing Tag

Management and Operations

358 posts

Learn how to manage your new business more efficiently.

virtual assistant
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How Virtual Assistants Can Benefit Startup Leaders

According to venture capitalist Bill Trenchard of First Round Capital, the average startup founder "works about 300 days a year, 14 hours a day." He should know. Trenchard cofounded and led three companies and, as a VC, advises hundreds of startups. "Looking at the schedule of a typical CEO, a full 70 percent of that...
implementing new systems
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9 Mistakes to Avoid When Implementing New Systems

If your systems aren’t lean, efficient and precise, you’re wasting time and money while putting your business at unnecessary risk. If you’re going to build out new systems, you need to do it right. Avoid these nine mistakes when building new systems to transform how work gets done in your business. 1. Ignoring human nature...
startup team
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5 Strategies for Building a Great Startup Team

The way you treat your employees, their time, skills and abilities in the early phases of your union as a team influences the rest of your company's course of action. Mark Zuckerberg once said, "The most important thing for you as an entrepreneur trying to build something is, you need to build a really good...
negotiation techniques
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10 Negotiation Techniques to Make You a Better Entrepreneur

Startup entrepreneurs are not always the best negotiators. They step into the shoes of a business owner for the first time and find (to their surprise) that nearly everything involves negotiation of some kind, and they may not always have those negotiation techniques down. Starting a business requires, quite literally, hundreds of negotiations. Some are...
relational intelligence
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5 Ways to Retain Talent by Using Relational Intelligence

The following is adapted from "Relational Intelligence: The Five Essential Skills You Need to Build Life-Changing Relationships" by Dr. Adam C. Bandelli. Stress affects all of us differently. Since the start of the COVID-19 global pandemic, employees have had to deal with various challenges in both their personal and professional lives. The lines between our...
hiring mistakes
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Hiring Mistakes You Could Be Making

Bad hires happen. However, they happen a bit too often. Studies show that nearly three out of four employers admit to hiring the wrong job candidate. Maybe HR was in a rush to fill an important role or you hired someone because you knew the applicant and they seem nice enough. Or, someone didn’t take...
social impact profit
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How Startups Can Balance Social Impact and Profit

Professor Henrietta Onwuegbuzie of Lagos Business School claims, “Being purpose-driven helps companies grow faster and make more money.” But what exactly does it mean to be a purpose-driven business, and how can startups balance social impact and profit? StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here Why social impact is...
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Avoiding Dumb Decisions in a Smart Tech World: Here’s When to Listen to Your Gut

Technology has become the backbone of how modern businesses function, with all types of organizations using tech applications to manage nearly every aspect of operations, from customer service to employee engagement. Whether using smart tech to enable communications, support security and privacy, enhance efficiency, aid employees or support operations, it’s no wonder startups rely on...
business grow
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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...
burnout
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8 Ways to Avoid Burnout When Starting a New Business

We’ve all felt burned out at one point or another — that feeling of total fatigue, both mental and physical, which comes from working ourselves too hard. Soon we’re experiencing symptoms like depression and exhaustion, feeling cynical and adrift. It’s ironic that at the point of burnout, the harder we work on something, the more...
save startup money
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Do These 8 Things to Save Your Startup Money

Startup entrepreneurs face some of the toughest odds when it comes to achieving success. With 90% of startups failing — more than half by Year 3 — there’s seemingly little hope for those looking to start their own company. Yet, small business owners are vital to the U.S. economy. These mom-and-pop shops make up for...
communication
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How Brands Are Improving Communication with Their Remote Teams

If remote work was gaining traction before the pandemic hit, it's now mainstream. A recent survey showed that 55% of employees would like to work remotely at least three days a week after the pandemic. But for managers, the decision isn't so simple. How can you ensure your workflow stays efficient and productive when everyone's...
Multigenerational Workforces
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How Understanding Multigenerational Workforces Can Make You a Better Leader

Today’s workforce spans five generations: traditionalists, baby boomers and Generations X, Y and Z. Each generation comprises distinctive communication styles, motivations and approaches to work. By understanding each generation’s unique needs and how to support those needs, employers can better adapt to current and emerging generations. Plus, catering to the needs of multigenerational workforces will...
brand activism
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How Brand Activism Can Influence Business Performance

It's difficult to read the morning news while sipping your freshly brewed cup of coffee without hearing about one horror story after another. While this might be upsetting, a lovely and uplifting byproduct of all this criticism is that it inspires many to become activists. People also want to see companies take a position and...
economic crisis
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How Startups Can Survive — and Even Thrive — in an Economic Crisis

Just as the economic effects of the pandemic showed signs of receding, the world has been hit with the prospect of an even more severe inflationary spike due to the Russia-Ukraine conflict and the ensuing sanctions resulting in significant disruption to global trade. Under conditions brought about in response to the COVID-19 pandemic, broken supply...
recruiting
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Recruiting: A Step-by-Step Guide to Finding Your Best Candidates

Recruiting the right people is crucial to the success of any company. It goes without saying that hiring is one of the most important decisions you’ll make. Think strategically from start to finish with this recruitment plan. Job posting First things first, determine the qualities you most want to see in a candidate and the...
remote workforce
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Want Happier Customers? A Remote Workforce Could Be the Answer

Working remotely became a way of life in 2020. It went from a privilege that some had to a necessity for large swathes of the workforce. Research shows that more than half of the American workforce moved to remote work over the past year. But what now? As the world inches toward a form of...
process optimization
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How Process Optimization Cures Employee Burnout

Now more than ever, retaining your top talent matters most. Your employees are the foundation of your business and its future success. For them to stick around and help your business grow, they need processes and systems that don’t overwork them. But if your business is full of inefficient workflows, chances are you’re at risk...
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Professional Employer Organizations: 4 Reasons You Need One

With endless tasks popping up on any average day, entrepreneurial company leaders simply don't have time to do everything. That's why a professional employer organization, or PEO, may help you grow and stay complaint as you grow. A PEO is an outsourcing firm that provides comprehensive human resource and compliance  services to small- and medium-sized...
feedback culture
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5 Ways a Feedback Culture Will Benefit Your Business

Anyone reading this is likely aware that it’s getting tougher by the day to maintain a reliable and well-functioning workforce. The Great Resignation, as it’s called, has led to consequential human resource ruptures across almost every industry. And though the sheer number of people leaving one job for their next career stop is mind-boggling (for...