When you are working with a multitude of people who come from various places and work at different levels, you need to be diplomatic and cautious when you make decisions. Each time you make a decision you must consider various factors and use personal judgement to arrive at the right conclusion. Failure at being discreet or tactful can adversely affects employee relationship and the company.
No one wants to go through layoffs. But, it happens, and in a lot of cases, it is necessary for the survival of a business.
Here are 5 tips to consider when laying off an employee.
Entrepreneurs are mostly afraid to spend money or invest in their business during economic downtime or recession. It should be understood that even recession can be an ideal time to invest in your business and expand it. Such a time can offer ample opportunities for innovative and creative businessmen. Most people choose to be inactive in such …
Honesty is a fundamental aspect of a business because it establishes the tone for the sort of work culture that you want to build, provides consistency in workplace behavior, and creates loyalty and trust in customers and prospects. Managing a business that takes pride in being moral and socially responsible is a challenge, and many …
No matter what the causes behind project failure might be, one thing is for sure, it is never easy to stop a failed project. Here are some things that make it hard to kill the project. People will often continue projects based on incorrect assumptions, such as the belief that if you throw money at …
Innovation is simply doing or making something different to meet a perceived need or gap in the marketplace. Usually, innovation involves creative thinking that escapes from a common viewpoint. It can be difficult when you are customary to something, that you cannot see it in another way. To help you gather associates and brainstorm here are five tips.
We are often asked to go to school and to focus on our studies. With a degree we can get a job and only then can we prosper in life. This age-old wisdom has rung throughout the years, but how much merit does it have now? Here are 4 reasons why a college degree should not matter when selecting a candidate.
An entrepreneur is a problem seeker, solver, and innovator. The way towards entrepreneurship and an entrepreneurial mindset can be sought after by anyone. For those who are interested in attaining entrepreneurial success for themselves, here are some of the traits an entrepreneur’s mind should have.
Good communication is an important part of leadership and teamwork. Efficient communication will help in team building and employee retention. Since good communication is a fundamental requirement for any business, it is highly important that entrepreneurs and managers focus on improving employee communication within the organization.
A major problem for many growing businesses is the owner’s inability to delegate responsibility to employees. This will hinder the growth of the business. Delegation is a critical skill all leaders must master to be successful. Here is a guide that will help you to delegate tasks to your employees.
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