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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…
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The Power of Big-Picture Thinking: A Key to Sustainable Business Growth
Imagine a business that only focuses on short-term gains, ignoring the bigger picture. What would be the long-term consequences for its vision, strategy, and overall success? Would it be able to sustain growth and create lasting value in a rapidly evolving marketplace? A stark reminder of the need to shift from short-term goals to long-term…
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Onboarding Best Practices That Every Business Should Use
Onboarding new employees is an essential part of the recruitment process. Skipping this requirement can backfire big time. 35% of HR leaders say focusing on the onboarding process to help new hires feel engaged and be productive as soon as possible works best when it comes to fostering overall employee engagement. Paychex But here’s the…