Browsing Tag
management
33 posts
Why Long-Term Incentives Are Key to Employee Retention
One of the many consequences of the COVID-19 pandemic is the enormous strain it is putting on an organization’s ability to hire talent. Many businesses are now implementing a return-to-office mandate, which is causing a large reshuffle of talent in multiple industries. To avoid the costly endeavor of continuously hiring new employees, it’s key to...
The Advantages, Challenges of Building a Multi-Founder Startup
Running a successful startup is ultimately a team game—irrespective of whether you follow the single or multi-founder approach. At the end of the day, success depends on how efficiently you allocate resources to solve problems. At a multi-founder startup, this is an art form. As one of the four cofounders of Capchase, we were able...
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...
How to Staff a Strong Culture on a Shoestring Budget
Founding a successful startup is one of the hardest things an entrepreneur can do. Money is tight, talent is limited and competition is fierce. Time is money. It can be a vicious cycle, which explains why more than 50 percent of startups fail within four years. So, what does it take to survive? The right...
Facebook’s Julie Zhuo on How to Stay Motivated and Never Lose Sight of Your Goals
One of the top questions I get asked by entrepreneurs and people working at startups is, “How do I stay motivated?” In the early days (or quite frankly, any day), starting a company and all that it entails, from building a vision to signing clients, from improving a product to growing a customer base, can...
Why Venture Capitalists and Angel Investors Look at Teams, Not Ideas
Many would-be entrepreneurs spend hours, weeks and maybe even years working on the “perfect” idea to attract venture capital funding. They travel from coast to coast, setting up meetings and refining their idea. However, the reality, according to the Harvard Business Review, is that historically, less than 1 percent of U.S. companies have raised capital...
Tips for Successfully Leading Your Team Through Change
We all have our reservations and hang-ups about change. Change creates uncertainty, and in the human mind this drudges up fears of the unknown. Some of us are downright afraid of change and will avoid it at all costs. But of course, as you start and run a business, you will find that you regularly...
How to Set Annual Business Goals Your Startup Can Achieve
Goals are important, but they can also be detrimental to your business if you aren’t careful with them. As with any venture, you want to set yourself up for success when it comes to annual business goals. Successful goal-setting is all about finding a sweet spot of reachability where you are challenged but not overwhelmed....
Improve Your Startup with Strategic Team Management
Now is a fantastic time to start a business. The internet is full of information on how to get started, the marketplace is bristling with technology and Software-as-a-Service (SaaS) can help you take care of every operational aspect. Interest rates are historically low, and you can borrow what you need, get funding from venture capitalists...
The Job Most Entrepreneurs Don’t Think to Outsource
You might already outsource your web design, your call center, your cleaning services and many other tasks. But when it comes to the C-Suite, entrepreneurs don't often consider the option to outsource their chief operating officer. The job itself isn't as common in the C-Suite today as it once was, but let's take the example of LeBron...
15 Ways to Improve Your Leadership Skills
Every startup team needs a fearless leader to help them grow and to push them to be the best that they can be. But starting a business and heading a group of people are two tasks that require very different leadership skills. Being a leader in your company means everything from keeping your employees happy to...
A Startup’s Guide to Business Risk Management
While it’s easy to focus on the positives of your growing business, what about mitigating risks for the future? Every company—whether it’s a fledgeling startup, a growing SME or a booming multinational—should be continually figuring out how to react and adjust to whatever curveballs the business world hurls in its direction. Proactive business risk management is...
Former Apple Consultant Ken Segall on the Power of Simplicity [Book Excerpt]
Is there anyone in business who doesn’t recognize the power of simplicity? It’s an inescapable fact of life that human beings are attracted to simplicity and turned off by complexity. When I started my life in advertising, my mentors drilled into me the power of simpler, focused messages. I thought I’d absorbed that lesson well,...
How Successful Leaders Manage Conflicts
They say that a good manager is distinguished from the rest by the way he takes care of the ones who are positioned below him. This is true for the most part. However, there are other things that would also be incredibly important and determining. In order to be constituted as a great leader and...
What You Need to Know to Close Your Business
You’ve invested a lot of effort, time, and money to start your small business and keep it running. So it’s understandably difficult to make the decision to close your business. But there are any number of valid reasons for making that tough call: You’ve failed to meet revenue projections for several years in a row...
6 Ways To Improve Management and Leadership In Your Business
While it’s important to focus on growth in any business, that can only be achieved with the right management and leadership. These tips can help you improve those areas of your business, so you can be ready for the next challenges your company may face. Plan development Improving the management and leadership of a business...
What to Know About Hiring and Working with Millennials [Infographic]
Those that belong to Generation Y (born from the early 1980s to the early 2000s), or what we fondly call "millennials," are expected to form 46 percent of the global workforce by 2020. A recent analysis in the United States performed by Pew Research Center even suggested that more than one in three American workers today...
6 Tips for Maintaining Positive Employee Engagement
Encouraging the best out of your workforce is a learning curve and one that should be met with as much enthusiasm and caution from both management and employees. With a reported 70 percent of employees in the U.S. reporting job dissatisfaction, establishing trust and enticing commitment from employees has never been a more pressing issue...
Company Finances: Understanding the Importance of Fiscal Management
Fiscal management is essential to the long-term success of any business. No matter how well your business performs in providing services or exceeding sales expectations, poor financial management can wipe out all of your hard work and drive your business straight into the ground. The simple math is that if a company spends more than...
How To Network Your Ass Off Without Feeling Like An Idiot
How To Navigate A Networking Event – The Ins, Outs & What To Dos I’ve been to several networking events recently, and it occurs to me that there are a lot of people out there that just do not know how to network. Networking is the thing to do, it’s something everyone is talking about...