You may be vaguely familiar with the term ‘working capital’, but do you know what it truly means and why it’s important? Working capital refers to the difference between your current assets and current liabilities, or what your company owns minus what your company owes. Working capital is an indicator of your company’s health […]
Why is Working Capital So Important? Read More »
Employee incentives can often turn a mediocre business into a revenue powerhouse when it comes to the bottom line. In fact, there are many ways to boost employee efficiency using creative bonuses to rally the troops. Here are a few novel incentive ideas for businesses of all sizes that have proven their worth over the
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This post was originally published on ChangeRoots The science of performance reviews has dramatically improved in the last few years. The best companies have moved from ineffective annual reviews to frequent check-ins where employees receive direct feedback against specific goals and company values. In the new model, employees know when they’re succeeding or failing.
A Political Performance Review Read More »
Source Interested in growing your business? There are a variety of ways to do so; but how do you know which strategy is right for your venture? A market product grid helps companies plot out their growth strategy and visualize the risks associated with expansion. It can help key leaders make decisions around
What Is A Market Product Grid And Why Should You Use One? Read More »
Women are traditionally associated with roles in the health, education, recruitment, and customer service industries and they have been very successful in them. Women have been able to show how they can use strong communication skills, innovation, and goal management to be statistically better leaders. With that said, women are using industry trends to
Women In The Home Service Industry: Where They’re Dominating And How To Be Successful Read More »
There has been more and more spotlight on gender equality and the growth of women in leadership positions. We read about the barriers to women’s advancement into leadership positions. Concepts such as glass ceilings have become popularized and have become a symbol of the movement. According to Catalyst, while the share of Women in
Stats On The Growth Of Women In Leadership Positions [Infographic] Read More »
It comes to no surprise that women add a comforting and impactful touch to the workplace. They have the ability to take calculated risks without an egotistic attitude and grow their network by collaborating and coming together to complete anything put in front of them. Even though women sometimes get the short end of the
How Successful Women Entrepreneurs Raise Funding (Infographic) Read More »
This article was originally published by Index Code In previous articles, we’ve laid out the compelling reasons why more and more software teams are going remote. Virtual workers are more productive, less expensive, and more engaged with their work. Companies that partner with remote developers gain access to a global pool of talent; and, with
How Remote Developers are Changing the Software Industry Read More »
Assessing the value of the people working for you can be a difficult job. Not only will you like many of these people, but it can also feel wrong to compare people’s financial value, especially when they’re first starting out in their career. Of course, though, in reality, there will always be those who are
Who Are The Most Crucial People In Your Business? Read More »
If your business is struggling to generate leads, rest assured that you’re not the only one. Lead generation is an essential part of keeping any business above water, but it can definitely be tough at times. Having numerous methods for generating leads should help you to get your business in front of the right people,
How Should Your Business Be Generating Leads In 2020 Read More »
What classes as customer service now is entirely different from the 70s and 80s. Back in the day, companies could get away with murder. In fact, they used to make customers feel as if they were doing them a solid instead of the other way around. Nowadays, this strategy will lead you down a dangerous
The Essentials In 2020 – Taking Care Of 21st Century Customers Read More »
Image Source When new businesses fail, most of the time it’s due to running out of cash. Poor cash flow management is the nemesis of the more than 80% of new ventures that go out of business in the first year. It takes a lot of capital to get started, no matter
Why Smart Companies Outsource Product Manufacturing Read More »
If you sell to customers on credit, you are probably already using dunning letters. These are simple notes that tell a customer “Hey, you’re overdue. Can you please pay us?” You can send a dunning letter via email or as a paper letter. Sounds simple? Actually, no. To write an effective dunning letter requires great
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One of the most significant challenges human resources professionals face is balancing the needs of the company with the care of its people. Creating standards for productivity isn’t just about encouraging the employees to stay on task, but also how the business can improve. To be more productive as a human resources manager and as
5 Trends for Productive Human Resources Management Read More »
As an experienced business owner, you’ll have accumulated a vast wealth of business knowledge and insight over the years. This information is highly valuable, both to you and your fellow business owners, particularly those who have only just started their own business and need support and guidance to really make a difference in the competitive
6 Ways To Share Your Business Knowledge With The Next Generation Of Entrepreneurs Read More »
