Category: Tips and Tools

As a business leader or CEO, you constantly have to make decisions. In fact, that’s your job. You should be called the DMC – the decision-maker in chief. But, as you’ll know from bitter experience, making good decisions isn’t easy. When you're performing a low-level role in a company, your day-to-day efforts don’t matter a great deal. However, when you’re responsible for running an entire firm, you hold the prospects of thousands of people in your hands. The trick here is to recognize when you’re about to make a really lousy decision. But how? Let’s take a look. How To Recognize A Really Bad Business Decision You Have Decision Fatigue A few years ago, the concept of decision fatigue was all the rage. Everyone was talking about it. Since then,…

If there’s one thing we know about goals, they have to be SMART, right? After all, that’s what we’ve been told for years. The only thing that matters is that your goals are specific, measurable, attainable, realistic and timely. While that looks great on paper—and clearly it’s easy to remember—it doesn’t go far enough for those who want to achieve big things. Beyond SMART: Goal Setting for Entrepreneurs Think about it. Do you want to be stuck with “attainable” and “realistic” goals when what you really dream about is a 3-day workweek, frequent international travel, and enough money to fund a mission trip (or three). Seems pretty clear that those safe, smart goals aren’t going to get you there. In fact, they might even do worse than simply “not get…

When your business is not running smoothly, it can be a difficult and frustrating experience. You may feel like you are constantly playing catch up or that everything takes twice as long to do. There are many things that could contribute to this feeling of being stuck in the mud, but there is one way to get back on track: organization. This article will discuss how you can set yourself up for success by establishing a system that works for your business and sticking with it! How To Ensure Your Business Runs Like Clockwork #1 Keep track of inventory. The first thing to do is keep track of your inventory. If you are doing business online, this will mean being organized with your sales numbers and keeping an eye on…

A client differs from a customer in that a client will often be with you for a given amount of time in order to receive a service, while a customer often purchases your goods, even frequently, and goes on from there. An extended relationship is usually involved in client management. This is because our services may run deeper than simply providing products as and when needed. That said, just as you can entice a customer to spend more money more often, deepening that client relationship is also a key element here. For instance, casinos often find it prudent to ‘comp’ the most expensive suites in the hotel to big spenders, high roller gambling guests coming to spend a fortune in exchange for a memorable time. These hotels know that the…

Nowadays, business owners are relying on outsourced labor more than ever. There are benefits to relying on freelancers and other service firms, of course, in that it helps you gain access to skills that you don’t have. Outsourcing can also allow you to more quickly complete certain projects or tasks. However, there are risks that you could get detached from the basics of what keeps the business running. Here are some advantages of keeping the DIY approach and trying your hand, before you hire someone else to do it. The Empowering Art Of The DIY Approach To Business It might be much more cost-effective to do it yourself. If there is something that you can’t do yourself, then it’s going to cost you a lot of time to learn how…

In the fast-paced environment of the modern business world, staying competitive is harder than it's ever been. Many small businesses that rely on the internet are expected to meet the demand for a global audience. It can be easy to fall behind when it comes to maximizing efficiency in the face of such pressure. Here are four ways to realize your business's potential, and make it more efficient. How To Run A More Efficient Business Use Social Media to Your Advantage The modern world is constantly evolving, and keeping up to date with the latest social media trends can be exhausting. But with over 4 billion social media users around the world, there is no better way to maximize your audience than simply setting up a social media accounts for…