Small-business owners may need to compare different kinds of health insurance plans for themselves and their families. In some cases, entrepreneurs will even offer group medical plans to help them attract and retain good employees. As business owners strive to keep premiums as low as possible, they also want their employees to enjoy the best benefits possible. Typically, managed care health insurance policies provide the optimum balance between affordable premiums and good coverage. (more…)
Project management is an art which has to be understood both in terms of theory and practical application to be utilised in a successful way. There are dozens (sometimes thousands) of things that can go wrong on any project, from small integration processes to the biggest engineering projects in the world. It is the project manager’s responsibility to ensure that they are dealt with as quickly as possible with as little disruption caused to the project as possible.
There are a lot of good project managers, but not many great ones – how can you elevate what you do to ensure that you’re a level above everyone else working in the project management field? (more…)
Almost every good student in the country desires to acquire a post-graduate degree in management irrespective of what he or she has studied, because the trend favors adding a management qualification in giving them a competitive edge in the fiercely tough job market. Consequently, there is a lot of agonizing about the merits of the B-schools where the management education can be acquired. However, there are many who omit to look into the basics of where they really want their careers to go to and what they should be focusing on. One of the lesser-acknowledged debates is the choice between a management degree (MBA) and a diploma in management (PGDM). It is important that all students of management know exactly what the differences are so that they end up making a choice that is more rational and founded on
knowledge than assumptions. (more…)
For some time, websites were fairly standard. They existed to provide information – basic company histories and overview, pricing, product listings and contact information. As long as a company could be found online, it was thought to be sufficient.
Things have changed. With the rise in smarter search engine crawlers, a customer base hungry for information and a focus on website statistics like conversions and bounce rates, standard is no longer enough. (more…)
For new businesses, the idea of starting from scratch building any community on social media can be intimidating.
In fact, sometimes it seems like the first one hundred or so followers will never come!
While some would argue that the numbers don’t matter as long as the followers are targeted, I think all would agree that a large TARGETED following is ideal.
Why exactly is a large following important? (more…)
There’s nothing simple about starting and owning a business. Choices are everywhere — in business plans, company names, pricing, employees, benefits and office space. But first, in order to register your company with state and federal agencies, you’ll need to choose a business structure, and this choice can have ramifications that are not immediately clear.
A business’s structure is basically the way it’s organized. It answers questions like who’s in charge, how profits will be distributed and whether owners are responsible for debts accrued by the business. The most common IRS-recognized business structures include the following: (more…)
Today’s overcrowded job market makes sourcing and engaging talent somewhat harder for small businesses. Usually kept very busy by their many responsibilities, owners of small companies are unlikely to spend lots of time on recruitment – they simply cannot manage all those things at once. That’s why improving recruitment in small businesses is based on simplification. Once the hiring process is simple, clear and uncomplicated, managers significantly improve their chances at having a surge of new talent knocking at their door. Here are 5 things you can do right now to improve your hiring strategy. (more…)
A fear of failure can be paralytic, especially to a small business owner or would-be entrepreneur. It means losing all the time, effort, energy, and money risked on an enterprise. But what if someone said that failure was a good thing? That, in fact, feelings of failure and defeat carry the true key to success?
Our good friend Fran Tarkenton argues exactly that in his new book “The Power of Failure“. Fran Tarkenton is no stranger to failing – he helped bring the Minnesota Vikings to the Super Bowl three times during the 1970’s, and each time lost. After turning to business, the first two companies he founded eventually folded. But he didn’t allow himself to be engulfed by that failure and now, as CEO of Tarkenton Companies, is a wildly successful entrepreneur.
Failure, he posits, is a gift that brings incredible power. In “The Power of Failure” Tarkenton shares never-before told stories of his time in the NFL, and the personal, occasionally painful, moments he experienced. Through his own hard-learned lessons and invaluable advice given to him from friends and mentors like Sam Walton and Bernie Marcus, Tarkenton lays out the myths and truths of failure, and how to follow through to success. (more…)
Starting any new business can be a daunting experience, especially if this is the entrepreneur’s first entry in franchising. Since many others have gone the same route, there is an adequate amount of information out there to help us avoid some of the more common franchise blunders. Here are a few ideas, suggestions and warnings:
Always use the system. The parent company has done a lot of research, and has created systems that work, so why reinvent the wheel? (more…)
Owning and managing a fleet of company vehicles is not easy. At any one time, you may have three or more vehicles out in the field, each vehicle requires maintenance and repair and there is the issue of the drivers’ welfare. All these can be stressful not to mention costly. There are ways through which you can save money on your business car insurance. It might not reduce the stress but you can reduce the pressure of costs: (more…)