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Who here remembers the dreaded group projects in school? Whether your group was assigned by your instructor or you had the ability to choose your team, there were always those few procrastination-prone individuals who would dump their work onto the rest of the team members.  “Group projects teach you the team skills you will need...

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We all love the idea of bonuses because “extra” or “free” stuff is incredibly hard to pass up. It’s the reason we get excited as consumers, and also why they intrigue us when considering a job offer.   However, bonuses come with a lot of caveats, too. Understanding how they work and why they’re provided in...

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Let’s flash back to the beginning of last year: while business seemed to be running normal at the start, steady changes in consumer behavior and a flood of unusual headlines serve as an indicator to the event no one expected. Jump a few months further, we suddenly began closing the doors of our businesses and...

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More than likely, you are reading this here hoping to gain insights into the objectives of performance management. If so, you might know what performance management actually means. To the uninitiated, performance management is simply described as: A continuous process that seeks to identify, measure and develop workforce performance. Using our best guess and a...

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This has become a very common question with our clients of late. You may be wrestling with the question of whether or not to mandate a Covid-19 vaccine policy in your business. As with any situation it is best to understand all of the factors that arise from maintaining a safe work environment. Lets review...

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From the garage-sale second hands to the elite appliances sold in exclusive stores, you can expect to find a microwave in every work breakroom around the globe.  A simple yet functional machine, microwaves allow you and the rest of your associates to heat up breakfasts, lunches, and snacks quickly on the job. However, as with...

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Supply chain segmentation refers to a process where suppliers and customers are segmented into groups depending upon certain factors. Such segmentation allows supply chain management the ability to allocate resources appropriately to meet the needs of different supply chain segments. Supply chain segmentation is not new. In the 1980’s, Peter Kraljic developed a two-by-two matrix...

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SPAC vs IPO An initial public offering (IPO)- or stock market launch – is a type of public offering where shares of a private company are sold to institutional investors and retail (individual) investors for the first time; an IPO is underwritten by one or more investment banks, also known as the underwriting syndicate, and...

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When the internet began establishing itself among society and businesses followed by refining their processes to fit a digital world, you were right along with them. The truth is, those who not only adapted, but strategically leveraged the modern behavior are in a much stronger position than those who lingered-or opted out entirely.  The same...

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With a dramatic societal shift to online shopping, ecommerce businesses today are thriving in the ability to sell their products on the internet. However, a substantial increase in opportunity brings a significant increase in competition as well. Because of this, it’s imperative that ecommerce businesses set themselves apart with high quality customer service, products, competitive...

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What initially started out as a platform for communities to share their voices, celebrate life achievements, and connect with others, has now exploded into a new method for businesses to reach their customers. Without a doubt, every business joining the social media world hopes to gain traction and see immediate success from it, so what’s...

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Once their business reaches a peak of success in its core industry, many business owners look with enthusiasm to expand their brand into other industries. If this is how you feel at the moment, hear us out before proceeding. The Covid-19 pandemic and it’s counterparts have introduced new methods of working, living, and socializing; resulting...

Business Valuations

Earlier this month, we explored the unique ways in which the Covid-19 pandemic – and it’s government-related business assistance – now question the true valuation of a company. In the wake of today’s scandal related news, where the co-founder of a venture-backed startup has been charged with inflating the company’s revenue to convince investors to...

Cyberattacks have been flooding media headlines lately but have you notice the other headlines flooding media headlines?

Cyberattacks have been flooding media headlines lately – but have you noticed the other momentum fueled reports gaining rapid attention?  Possibly, these other, more ample headlines cover record funding rounds by companies aiming to protect against all of these cyberattacks. Startups in general have experienced a remarkable explosion in funding this year but cybersecurity seems...

How to Handle a passive aggressive co-worker

In today’s post, we’ll take a closer look at what passive-aggressive behavior looks like in the workplace, and then offer tips on addressing the situation before it escalates.  What is passive-aggressive behavior? Often difficult to explain — passive aggressive situations become apparent when they happen. It’s generally a gut instinct. Perhaps you get the feeling...

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Why Assumptions Start It’s easy to make assumptions. All you need is incomplete information about a situation and an unwillingness to ask the questions you need to complete the information. In the absence of complete information, your assumptions run wild and you begin filling in the blanks yourself. Ninety nine percent of the time, you...

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Technology continues to evolve at impressive speeds while dramatically enhancing our daily, school, and working lives. (and eliminating many professions in the process) Technological achievements we wouldn’t have thought possible in the past-self driving cars and personal computers in our hands- are standards for the newer generation. While it’s doubtful most of us would prefer...

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Gantt charts: how deep does your knowledge/experience of this project management tool go? A resource that heavily lies on the side of complexity, you may have some questions regarding this effective visual recourse. Questions along the lines of: What exactly is it? When should I be using them? How should I be creating them? First,...

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In the event of change, varying human behaviors and preferences ignite different reactions in different individuals. In the workplace, this is especially true.  When faced with change in the organization, employees generally fall into 3 groups: Group 1: Often referred to as the early adopter group, individuals in this category are open and willing to...

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By now, it’s well proven that eating a nutritious lunch increases your productivity and improves your focus throughout the day; but did you know that where you eat can also directly effect your health? In America, a false misconception implies the notion that the more work you do the better, encouraging individuals eat their lunches...

  The role of middle managers aims to strengthen aspiring leaders with the eventual intent to launch them towards a dynamic role in senior management. To reinforce their abilities for destination success, this role should present new opportunities focused on educating while in a lower risk position. Unfortunately as the name implies, a middle stance-above...

Whether you acknowledge it or not, our competitors contribute to the detailed shape of our business. If there were no competition, there would be no drive towards improvement. We can ensure longevity by gathering opposing insight with an updated competitive analysis. Once you learn how to create a competitive analysis, you can actively grow by...

Pragmatically, any diligent business owner operating with a sensible judgement will want to know the current value of their business. However-either through sheer laxity or plain ignorance-the majority of business owners tend to drop this assignment to the very bottom of their to-do lists. Reflecting back to yesterday’s blog post where we defined how the...