Money might make the business world go ‘round, but that doesn’t mean that money is all your employees care about. While it is imperative that you as a business leader provide your millennial employees with a competitive salary (this is a spectrum rather than a set amount, and you want your paychecks to be on the higher side) to incentivize them to join your company, it’s important to know that millennials hold other non-material incentives in far greater regard.
Social media is used by millions of people worldwide, and because of that, it’s become one of the most important marketing channels for businesses. But it’s a fact that social media marketing takes time and energy, often so much time and energy that other work tasks get pushed aside or forgotten.
Effective writing is a vital part of running a successful business. Whether it’s for writing emails to clients or crafting business proposals to engage new partners, it’s important to be able to communicate clearly through writing.
What if you could write emails that people would want to put on top of their “response” list? Regardless of what you’re writing about, you can communicate much better than other people, and get your answers in the shortest possible time frames.
So, what exactly is a business brief? That is a document that entrepreneurs use to promote their goods and services. The document should increase awareness about industry problems and provide viable solutions. The target audience for a business brief is the customers because every business depends on loyal clients to boost their bottom line.
Sales negotiations are crucial to growing your business. Negotiation is all about creating value for your customers. To become a master negotiator, you want to close sales faster and gain more value from each deal.
Managing a team that is not geographically in the same area presents different problems than regular team management. In the technology era and precisely the efficiency of telecommunication, businesses in a variety of industries have embraced remote work. There are different amalgamations of remote work. It can range from having workers only work in the main office a couple of times a week to completing all work, never entering the primary office.
Have you ever experienced the moment where you are hinging on multiple deadlines, sales targets and marketing goals? Time is one of the terrible things to waste and therefore going into a hectic quarter of the year can lead to loads of delayed launches by devolving into revenue losses to impact the bottom line of your company. There prevails a common misconception that if you are becoming productive then you are likely to do more work as it is said that staying busy can make you more successful. One of the best ways to reliving your traditional approach is by working smarter and not harder.
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.