For any business owner, sustainability and growth are always top of mind. You want to invest in growth while realizing a positive return. As you contemplate your long-term goals, here are the top three investments to consider:
1. Technology infrastructure – It’s important to operate off a scalable technology platform – one that enhances employee performance. Because technology impacts every sector of your business, it’s important that it provides a simple and flexible experience for your team members so that they can maximize efficiency.
Keeping up with cutting edge trends that you can implement first in your industry is a great way for your company to stay ahead of the curve and stand out. Don’t be afraid to take risks!
26 letters of the alphabet and accompanying blog posts later, we have reached the end of our ABC’s of small business and conclude with letter Z for Zeitgeist. While the definition of zeitgeist is associated with the intellectual, cultural, and moral climate of an era, we’re using the word to describe the zeitgeist theory of leadership.
The zeitgeist theory of leadership stems from Russian novelist Leo Tolstoy who believed that leaders, and the characteristics that they exhibited, were products of social circumstances during a specific time, acting out to situations that are beyond their control. This theory clashed with the great man theory from Thomas Carlyle that discussed how leaders weren’t made, but born, having said characteristics from very early on that would lead them into positions of power.
Starting a business as a student is an exciting and eventful experience where you will have to face many hurdles in order to become successful. Throughout the process of starting my own business, I went through several challenges that many students who own businesses face and learned a lot of lessons that I want to share today.
Worrying about your finances is perfectly normal for students and one where having a full savings account, wealthy parents, or another source of capital would certainly come in handy. Starting out on your own can still be done with a small capital, no matter what your financial situation looks like. Continue reading
Small business leaders wear many hats. They do it all — from high-level strategy to opening the mail and taking out the trash. They’re accustomed to being producers and getting things done and done well is all within their nature.
Unfortunately, this spirit of self-reliance can be a major obstacle when it comes to building and managing a team. When you’re used to single-handedly running the ship, it can be difficult to relinquish control to your crew members. But doing so is often the key to taking your business to the next level. Continue reading
About two weeks ago our CEO Deborah Sweeney was featured over at Mike Michalowicz’s great blog with her tip on negotiation tactics. The actual topic was ‘How to Win a Negotiation’ and Deb had 500 characters to distill her philosophy regarding negotiation into an easily digestible blurb. We liked the topic and all of the tips provided so much that we decided to take negotiation topic (sorry Mike!) and give Deborah a chance to expand on her quick little answer through a longer post. Plus it’s her blog, so she can use as many characters as she wants.
Can’t we all just get along?
So we don’t have to re-print the answer, you can either go read all of the responses over at Mike’s blog (which you should, because it really is a useful site and psst, Deborah’s tip is number 28), or you can settle for the quick and dirty version – when approaching a negotiation, be honest, be prepared, and be willing to compromise. Continue reading
By David Nilssen, CEO & Co-founder, Guidant Financial
Before you make the leap into business ownership, it’s a good idea to ask yourself some tough questions to make sure you’re up to the job:
1) Are you self-motivated?
2) Are you organized?
3) Are you proficient in finance, accounting, sales, marketing and customer service?
4) Are you willing to put your business first?
If your answer to any of these questions is a firm “no” you may want to re-think your plans for entrepreneurship. If not; keep in mind there is more to starting a business than enjoying the excitement and joy of potential success. Continue reading
What inspires big business leaders and entrepreneurs? How do the best leaders at the top, the Donald Trumps of the business world get their drive and motivation? The beginning of a new year is a great time to get your inspiration on and grow your business. How do you do it and not lose sight of what you started along the way? These 4 tried and true tips are the ultimate to keep in mind that successful entrepreneurs everywhere use to get to the top!
1. Set Football Field Goals
Picture a football field. The goal is to run the ball to into the end zone and score, right? Along the way you hit different field markers, 5 yards, 10 yards, 15 yards and so on. You can’t get to the end without passing these markers. The same rings true with goals. What about a Hail Mary you ask? The receiver must run past and the ball must fly over each yard before they reach their destination. Continue reading