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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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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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Dealing With Bullies And Dominance Behavior
I stumbled upon a video called “How to Stop A Bully” by Brooks Gibbs today while surfing through LinkedIn. Here’s the original version: https://www.youtube.com/watch?v=7oKjW1OIjuwVideo can’t be loaded because JavaScript is disabled: How to Stop A Bully (https://www.youtube.com/watch?v=7oKjW1OIjuw) Now, Gibbs shares a number of valuable lessons during his research. Bullying is also called a “Dominance Behavior”…
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The 38 Biggest Business Challenges Growing Companies Face
Growing a business is complicated. According to SBE Council, 89% of all businesses employ fewer than 20 employees. And scaling a company further is contingent on solving a number of business challenges — most of those being common across all organizations out there. Businesses in their first year or two, under 10 to 20 employees,…
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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 Practical Risk Management Techniques
Successful business founders, executives, and managers employ different approaches when it comes to risk management techniques. Whether dealing with financial volatility, market competition, or internal organizational challenges, managing risk effectively is crucial for long-term success. Only 23% of CEOs believe they have comprehensive information about the risks in their business even if 92% of them…
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Internet Marketing For Startups – Outsourcing vs. Building Teams
Internet marketing is one of the many online disciplines that don’t require education, certification, or any type of entry point that comes with the right background or experience. The same goes for content marketing, web design, web development, advertising, PR – you name it. It’s not the same for medical professionals and lawyers – which is why we…
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Creating an Employee Performance Review and Feedback Workflow
Resilience is my number 1 hiring trait. As a manager, you will have ups and downs with your employees, and your feedback should reflect this. The relationship with your employees is a journey with its share of triumphs and challenges. Your feedback should mirror this journey, offering both praise and constructive criticism in a timely…
