When you run a small business, you have a lot of things to think about. You’ll need to manage the finances, the stock and most importantly the employees that you hire. For some small businesses, the idea of hiring a lot of employees from the get-go can seem daunting as you don’t know how fast your business is going to take off and you don’t want to risk over hiring. This is … [Read more...]
Succession Planning: What Principles May Go Wrong
About a decade ago, the U.S. seasonings firm McCormick & Co. won plaudits for executing a successful succession plan that had long been in the works. The CEO, who’d served in his role for more than a decade and had come to be associated quite closely with the firm’s brand, stepped aside with nary a hitch. Unfortunately, for every such “success” story, there’s a painful … [Read more...]
Workplace Camaraderie: Why It Matters & How to Boost It
When you’re running a business, it’s easy to get caught up in what you can measure: performance trends, analytics, objectives and deliverables. But it’s often the “softer stuff,” i.e. less-tangible characteristics of a company that determines whether it sinks or swims. Why? Because company culture is not always measurable in hard data; getting a feel for it requires … [Read more...]
How to Get Your Startup Off the Ground
Successfully launching a startup is a challenging process that few aspiring entrepreneurs have accomplished on their first attempt. As a matter of fact, around 75% of startups never see the light of day. This can be owed to numerous factors, such as poor management or simply a bad business idea. But where most entrepreneurs tend to fall is right at the beginning. Whether it … [Read more...]
Benefits of Hard Money Loans for Real Estate Investors
Hard money loans are a viable option for real estate investors. It is important to weigh all of the possible methods of financing in terms of potential benefits versus risk. There is no simple solution, and not everyone will benefit in the same way. This is why conducting due diligence is so important for all borrowers. This simply means the process of obtaining information … [Read more...]