8 Crucial Business Skills to Weather the Recession Storm

The current decade has been turbulent at best, challenging business paradigms, industrial practices, and biological presumptions across the planet. It begs the question: What is the successful route to developing resilient business skills for the years to come? From a global pandemic ranking near the Spanish Flu of 1918-1920 to worldwide lockdowns suffocating the travel and hospitality industries, through an overnight transition to remote work, a massive bump of cryptocurrencies, a housing market growing like crazy from Hong Kong to San Francisco to a global crash in 2022, businesses definitely had to endure a lot. Back to The Global Recession… Continue Reading

Eight Leadership Skills to Develop in 2022

The past year (and, perhaps, a half) has been a great learning opportunity for us. The COVID-19 situation has changed a lot of our working habits and the entire concept of onsite work has transitioned to remote across most of the universe.  This has also led to more opportunities and new ways of living; however, it's not necessarily permanent either—meaning that people have bounced between back and forth, between lockdowns and going to work, between remote and onsite.  This has changed the perception and expectations in any form of long-term planning for the vast majority of people, especially those with… Continue Reading

Leadership Development: How to Promote and Grow Your Management Team

According to several independent studies, 80% of leadership positions have no formal training at all. If you run a mid-sized business and promote your management team internally (as the majority of the organizations out there), you likely fall into the majority of the businesses that grow organically. Management, along with leadership, is often taught “on the job”—without an MBA degree or background in economics to help you move forward. Leadership training can help people. Your staff will become more aware of their weaknesses and strengths. Communication skills—along with other critical soft skills for leaders—are improved by learning to clearly express… Continue Reading

22 Self-Improvement Areas for Effective Leadership

As a manager, you need to be an exemplary leader in order to help your organization grow. There are lots of leadership traits that define great managers. Most of them are hard to observe and investigate unless you know what you are looking for. In this piece, I will uncover some of the most important traits that we look for when hiring intrapreneurs and top talent internally, as well as the main areas to work on with individuals and managers for professional self-improvement across different organizations. 1. Defining Success In order to be successful, you first need to figure out… Continue Reading

How to Manage Difficult People in Your Team

One of the biggest problems new managers face is juggling team management with other responsibilities. According to an analysis by the Center for Creative Leadership, about 68% of new managers struggle with this problem. In team management, managers mainly deal with difficult people and challenges involving underperformers, skills mismatch, slackers, and workplace conflicts. Although workplace conflicts resulting in confrontations are quite common in most companies, not all managers are adequately trained in handling such problems. This is particularly true for the 60% of new managers who have claimed that they never received any form of training in transitioning into their… Continue Reading

8 Key Tips for Creating a Positive Work Culture

Creating a positive work culture is a critical element in the success of any company.  In fact, 94% of business executives and 88% of employees surveyed believe that a distinct corporate culture is critical to the success of a business.  Your culture at work can have a huge impact on the performance of your employees and the overall goals of the company in terms of: productivitycreativitypotential revenuevalue of the firmrate of growth Basically, your work culture plays an important role in attracting, retaining, and motivating employees. Creating a positive work culture: turns your office experience into a joyful onegets more… Continue Reading

How to Handle a Resignation by a Key Player on Your Team

Handling resignations can be a tough process especially when it’s the top employees who are leaving. Searching for the best replacement for that soon-to-be-vacant role is the most challenging part of the process. So, as much as possible, you want to prevent them from leaving and ensure that employee turnover remains acceptably low for your company. There is a very common fallacy stating that people don't quit jobs, they quit managers. That's definitely the case in many corporations and large organizations with tens of thousands of people and tons of different management layers. Managers are important. But in large organizations,… Continue Reading

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 care of their interests or that leadership is not aligned with whatever the company promises.  About 79% of people would quit and seek new jobs because of bad leadership. In order to solve this problem, you want to make sure you're representing the best leadership… Continue Reading

10 Hiring Paradigms to Consider in 2021

This year continues to be surprising even after all that we went through the past year. As a result, we had to shift the way we work, the way we think, the way we process information, and the way we pivot in business. Many of us had to go through a new process of hiring and managing people, dealing with stress, organizing events due to the semi-remote nature of work, finding different ways to communicate with one another, and so forth.  As a result, hiring in 2021 for most companies out there is a lot different as compared to what… Continue Reading

How to Make Different Business Leadership Styles Work (With Case Studies)

Several thought leaders have referred to 2020 as the year of great reset. But if you want to be really strict about it, most of the biggest business shifts started way back at the onset of the 21st century.  Traditional business leaders who are banking on traditional business leadership styles in this new century needlessly risk losing their business to unhealthy age-old leadership practices. The pandemic just helped reiterate the need for business leaders to change the way they approach business problems primarily due to the following reasons: New technologiesPace of changeChanging demographics and employee expectationsChanging customer expectations The chart… Continue Reading