Launching a business is already risky - many entrepreneurs leave a full time job with a good salary, benefits and security, to venture off into the unknown - no salary, no benefits and certainly no security. But they do it because they are, well, entrepreneurs. The very word conjures up images of fast-moving, fast-talking, big-money-making heroes, so it’s no wonder that … [Read more...]
How to Create A Financial Model for Your Business
Most entrepreneurs fall in love with an idea and spend a lot of time building out what it looks like. For example, a software developer will work on the features of his software product; a chef will work on the menu for her restaurant; and a service provider will identify potential customers for her services. This is the fun part of creating your business plan, and it is … [Read more...]
Unstable Organizations Can’t Grow
Maslow's hierarchy of needs is a theory in psychology proposed by Abraham Maslow in his 1943 paper "A Theory of Human Motivation." It has become a foundational theory in psychology in terms of optimizing the human experience. To recap the theory, human beings must work their way up the pyramid of needs. If their physiological and safety needs aren’t met, they can’t embark on … [Read more...]
4 Critical Management Techniques for Difficult Employees
While most CEOs build their careers in an area of tactical expertise such as finance, engineering, development or sales/marketing, very few CEOs build their careers on human resource skills. Yet, with every promotion, they get deeper and deeper into management, and their management and leadership skills become critically important to their companies' ongoing success. It is a … [Read more...]
Are Staff Meetings a Waste of Time?
With more and more high-tech ways in which to communicate, some business owners are wondering whether face-to-face staff meetings are worth their time and energy. After all, can’t a text, e-chat or email accomplish the same thing in less time? The Value of Face-to-Face Meetings The fact is that many specific actions can be accomplished through digital interactions, but at the … [Read more...]