For small businesses, managing resources efficiently is one of the greatest challenges. According to some recent statistics, 82% of small businesses fail due to cash flow problems. Therefore, when investing your business resources, you need to make data-backed decisions and always consider your business’ liquidity.
Women in business are making great strides but the battle for equality in the workplace is far from over. In the United States, the number of women in senior roles increased by only 1 percent in the last 10 years. Another statistic showing the immense gap that still exists: more than 95 percent of the most powerful companies in the United States are led by men. If you want to promote equality and women in leadership in your workplace, consider these 5 suggestions below that are designed to foster a diverse and inclusive workplace.
Do you know what productivity means? Or do you ‘think’ you know what this means? The reason we are emphasizing on it is that productivity is easily misunderstood. When a person is crazy out-of-their-mind busy, they are not being productive. If a person has too many tasks on their daily schedule that is humanly impossible to accomplish in one day, they are not being productive.
In the last decade, the internet of things has grown both in popularity and applicability. Today, there are more than 15.4 billion devices connected. According to Intel, this figure could jump up to 200 billion devices that are connected by the year 2020.
We spend more time at work, with our work colleagues, than we do at home with our loved ones, or with our friends. That may be a slightly depressing realization, but it is true, and that means dealing with it. You can either lament that fact, and spend your time at work just trying to get through the day, counting down the minutes until you leave, and slowly sending yourself into despair, or you can embrace it. You can start to enjoy the time you spend at work, and the relationships you have with your work colleagues.
When it comes to work, we all get tired after a while. That’s how our body works. Without sufficient rest and some motivation, stress and activity can make you feel burned out. As a manager, your job isn’t just to protect yourself from burnout. You have to also help others and support them in their work. As stressful as this sounds, it’s what makes a great manager.
Sleep just might be one of the most underappreciated bodily necessities. Across the world, adults are not getting enough sleep. While this may not seem alarming at first, businesses will feel the effects of sleep deprivation from entry level positions to the c-suite. By getting enough quality sleep each day, productivity can remain at peak levels and help everyone reach their goals in record time — no late nights necessary. Use this guide to learn about the impact of sleep deprivation on productivity and how to clean up your sleep habits to get quality rest.
As an entrepreneur, you have to be prepared for everything but, the truth is you are not really prepared for all situations. Some situations cause a setback while others are equivalent to a natural disaster. Even a normally planned day can go haywire, and all your efficiency goes for a toss with that.
One of the main difficulties in running a small business is the fact that there are countless small tasks you need to perform on a regular basis. Such tasks are usually not difficult, but repetition makes them tedious to perform.
As a manager, there are the things you can legislate and prepare for, and then there are the intangibles. Employees, as humans, will also be somewhat intangibles, meaning that their behavior – our behavior – can be unpredictable. It doesn’t matter how well you vet someone before you hire them, there is always the possibility that, at some stage in their employee tenure with you, there will be a difficult moment in which you need to manage.
A lot of companies are letting go of their traditional, in-house team approach and moving on to hiring remote employees or freelancers to achieve goals and complete projects.
If you’ve been in business for a while, or even if you’ve just started it, then you know how exhilarating it can feel to have a business. You always have lots of ideas and projects in your head and a million and one ways in which you think you could make your business grow. The whole thing feels quite exciting.
Business Process Management can mean two things. Some describe Business Process Management as the overall process of analyzing, measuring, and optimizing the business through different methods or procedures. To others, it is the automation of the gathered data to use as a reference for the improvement process. The automation is typically done by software.
I am pretty sure that by now, you must have heard tons about artificial intelligence AI and the way it seems to be reshaping industries across the globe, especially the technology sector. But what you don't know is companies these days by default tend to chase new trends to stay ahead of the curve, and unfortunately, they don't always get it right, especially in regards to machine learning and artificial intelligence.
Be it a small business or a large organization; digital transformation is imperious for all business types. The concept came up just some time back, its importance for the success of any modern business is quite relevant than any other in this competitive phase.
Did you know that there are certain habits that prevent you from being productive and managing your time effectively? Unfortunately, not many people are aware that they are doing something that harms them. Here are ten habits that kill your productivity and time efficiency that you must get rid of immediately.conso
Modern measures of success are based on productivity. Deadlines are tighter, work-loads have increased, and quantity seems more valued than quality. We must learn to do the most work with the least amount of time. With many people operating from an unbalanced lifestyle, in terms of professional vs. personal interests, it isn’t easy to remain focused on menial tasks.
The role of a project manager is varied and challenging. A project manager could be tasked with overseeing everything from internal software to a complete business overhaul. This is a job that is constantly changing and very demanding.
Support is a job of constant context-switching. From working in the inbox to helping your coworkers, hopping on calls, and maybe even fighting fires or large scale issues, it can feel like you are constantly taking off one hat and putting on another.
Project management is a complicated process and without setting some Key Performance Indicators (KPI), you can never calculate the success of your project. Think of it as something you record along the way to track your performance. Just like you cannot lose weight without knowing where you currently stand, your project cannot be a success without devising any way to measure progress towards certain goals.