We’ve previously written about the importance of spreading equity to your employees or key partners. Stock options or other similar incentive plans are a great way to attract and retain top talent, incentivize current employees and build long term loyalty for your business. Some companies prefer to only reward senior management. But, I am a...
A recession is rumored to be on the horizon. As part of efforts to tame skyrocketing inflation, the Federal Reserve raised interest rates in mid-June, its largest increase since 1994. A combination of inflation and economic contraction is now being dreaded as stagflation. There has been a lot of volatility in the stock market lately....
When focusing on franchise growth, companies should follow these steps. Franchising is one of the fastest growing industries in the world. For brands to maintain growth and attract the right franchise owners in a competitive marketplace, there are three key pillars to consider. Keeping your brand’s vision in mind is essential if you want...
Tell us if this doesn’t feel familiar…. Frequently, it feels as though everyone in their field of profession is berating you for doing something the “wrong way”. The “wrong way” – according to them. You’re “wrong” because you don’t utilize a specific type of accounting software, you’re “wrong” because you do your own bookkeeping, etc. Yet,...
When uncertainty exists, there is always a chance for business risks. A business continuity plan is required whenever you apply for a loan or business insurance. The majority of applicants check yes without any actual plan even if they don’t have one. I wouldn’t recommend that. Institutions ask for business continuity plans for a reason....
Remote or in office is the great debate between employee and employer with the power dynamics shifting. A high level of demand has been present for the last year and a half. The reopening of the economy presented companies with a desperate need for workers. Companies offered options for working remotely or hybrid. Others offered...
Startups are like online dating when pitching venture capitalists. You’re pitching yourself and your services trying to see if you have a future partner who wants the same services you offer. What makes your pitch stand out vs someone elses? How do you decide? How do you pitch the perfect service? A person’s immediate reaction...
The top reasons companies should prepare for the departure of their CEOs is by having in place a corporate leadership succession and transition plan is essential to ensuring corporate leadership succession and continuity during a transition. Howard Schultz’s announcement last week that he would end his third tenure as Starbucks’ CEO early next year reminded...
There has been so much chatter lately about the bill that congress is trying to pass for a four-day work week. Now, you may be thinking “Oh, that’s great!”, not necessarily for a lot of people. It’s a very fine line of who’s all for it and who’s all against it. It’s probably now...
New managers will always make mistakes. Ownership is not always easy especially for new managers who are now new leaders who will feel the burden of their mistakes. Problems are not so easy to fix because repairs often involve hard work and extra hours. The real way is to avoid mistakes as much as possible....
Have you heard of the term, “Work Hard, Play Hard”? Not a lot of people tend to agree with this statement. This comes to play on Fridays after employees are burned out and exhausted from the busy work week. One of the best ways to boost employee productivity is ensuring that the work environment...
Establishing boundaries early on will help you navigate your workplace, avoid toxic environments, and create a clear path that will enable you to achieve your best work without being exploited or burned out. Does your work email get checked outside of working hours, for example? If a problem arises, are you available on Slack 24/7?...
Many of us can remember the days of posting a job in the newspaper. While hiring methods have certainly evolved since the digital revolution, the ability to reach a wider audience has led to even more competition. This being said, every business at some point will need to invest in their job advertisements. As we...
It’s no secret that in today’s world, employees expect more from the companies they work for and are less afraid to leave those that fail to meet their expectations. As you sit down to calculate the employee turnover rate in your company, you may find yourself with some unique questions: “What if I had two...
There are many contributing factors that can drive an employee to resign from his/her position. Employees who find themselves constantly buried in their workloads and without the proper support from their peers and management will suffer the “need to get out” mentality. In a recent survey nearly 600 individuals said they left their job without...
Clearly, there is a lot of attention on the growing gig economy as workers continue to create their ideal arrangements and businesses benefit by embracing the future of work. While we have explored and outlined the direct benefits to hiring a virtual assistant, the whole process of finding the right one for you can be...
LinkedIn is a widely popular site to use here in the United States, as well as, in over 200 countries all across the world. Whether you are searching for a new job, looking to hire a new team member or want to stay up to date on the latest news and trends in the professional...
It has become increasingly common for companies to hire contingent workers to fill staffing needs and help with short-term or high-skill projects. But what exactly are contingent workers, and how can employers navigate the sometimes-confusing rules and regulations associated with them? Our team explains everything you need to know about contingent workers below. What is a...
After 11 consecutive months of hard work and perseverance to get his business up and running, the owner finally reached his breaking point. If you’ve experienced this yourself, you can probably remember the same feeling. At some point along their entrepreneurial journey, every founder will eventually reach this crucial moment in their life, one where...
Do you think that having a virtual assistant is a sort of luxury that only the big companies can afford? Not exactly. In fact, hiring a physical assistant not only soaks up more of your time and energy, but it also costs much more than hiring a virtual one. With the recent rise and development...
If your company has been feeling a sense of comfortability in regard to the people employed, it’s time to prepare for a shake up in the workplace. Generation Z, also known as Gen Z, are expected to make up 30% of the workforce by 2030, and they are coming in with their own set of...
Pitfalls are the number one barrier to a company’s growth. If you want your business to grow and advance further ahead, you must first recognize the weak points that hide within it. In this regard, audits are an efficient way of doing so. The term audit has become such a taboo word, leaders are so...
This week, March 15, we saw Equal Pay Day come earlier than ever in its 26-year history – signifying a shrinking pay gap in the United States. Equal Pay Day marks how many additional days women must work into a new year to earn what men made in the previous calendar year. As business leaders...
A specific memory that still holds strong in our minds has to do with a company our team has previously worked with. After spending a few years trying to get off the ground, this company began to see significant growth, however, their seemingly uniform culture also came under fire. In their attempts to combat this...
Do you want larger profit margins in your business? Recent studies have shown that companies with diverse executive teams actually have larger profit margins than companies with relatively little diversity in their upper positions. If you’re sitting there raising your eyebrow and tilting your head, we encourage you to keep reading for some proof: Companies...
