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Lessons from the Fallen: Case Studies of Businesses That Couldn’t Weather Economic Fluctuations
Economic fluctuations are a natural part of the business cycle, presenting both business challenges and opportunities. While some businesses manage to adapt and thrive, others are less fortunate, succumbing to the pressures of inflation, recession, and changing market dynamics. The 2008 financial crisis was the result of a complex interplay of factors, including an unsustainable…
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22 Self-Improvement Areas for Leadership Development
An HRPA study from 2016 reports that 63% of millennials complain that employers aren’t fully developing their leadership skills, with 72% of those surveyed last year insisting on feedback, coaching and leadership development to remain in an organization. I have previously covered the 11 key traits that define great managers, compiled after 17 years in…
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8 Step-by-Step Guide To Hiring a Smart Business Assistant and Focus Only On Increasing Your Business Value
Although it can be a rewarding journey, being an entrepreneur also has its share of difficulties. You must be a jack of all trades and a master of all hats if you want to succeed in running a business. If you’re managing a tiny firm, this might be a daunting undertaking. You must juggle a…
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7 Reasons Why It is Difficult to Manage New Projects (Or Inherit an Old One)
What makes projects so difficult to manage? As a project manager, you need to assess the culture, your role, your team, how problems escalate, what your responsibilities are and how to tackle edge cases (delays, problematic team members, running out of budget, handling scope creep, disagreeing with a client, etc.) Organizations that use proven project…
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10 Ways to Make a Bad First Impression During Business Outreach
For people who are uncomfortable with direct sales contact, conducting business outreach might be a compelling alternative to cold-calling; however, when adopting business outreach strategies, it’s crucial to take into account the impact a “strategy” may have on your brand. As an introvert, I’ve spent the majority of my entrepreneurial life mastering the techniques of…
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Cost Management: How to Trim the Fat from Your Business Budget
Running a business effectively requires a careful balance between growth and cost management. Effective cost management is a hallmark of successful businesses, allowing them to weather economic storms, seize new opportunities, and reinvest in their future. Companies that prioritize cost management not only enhance profitability but also improve resilience against market fluctuations and other business…
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How to Build Trust and Loyalty as a Leader
Remember the old saying, “People don’t quit jobs, they quit managers.”? It’s similar when the people in charge are at fault. Highly motivated and enthusiastic people, or people who want to make a change, give up because they don’t feel their leadership sees the future in the best possible manner. That leadership does not take…
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32 Techniques for Stress Management
Excessive levels of stress—and the inability to deal with it—have been leading to major personal and professional outbursts, impacting the global economy. Stress.org’s research indicates that 77% of people experience physical signs due to stress.One in three individuals feels they live with intense stress, and 73% believe it impacts their mental health. Forbes Magazine reports…
