Read some advice from Denny F. Strigl, former president and CEO of Verizon Wireless, on how to become an effective manager. One core quality he looks for in a manager is decisiveness — he wants managers to make decisions and take action. When decisions need to be made, effective managers gather the facts, analyze the situation, consider alternatives, and decide on the best course of action — and they do it quickly.
As an entrepreneur, you will constantly be faced with business challenges, and chief among them is managing change. When your small business is faced with a challenge, here are 7 steps you should take.
From Brian Tracy’s upcoming book Full Engagement! Inspire, Motivate, and Bring Out the Best in Your People, Tracy opens managers’ minds to the amazing power and bottom-line payoff of practicing the Golden Rule in all of their actions in the workplace and developing clear values, vision, mission, purpose, and goals.
The economy maybe showing signs of recovery, but the real question is… whether it’s showing signs of recovery for you and your business. To answer this question you need to stop thinking like a small business owner and start thinking that you are running a multi-million dollar enterprise. Think big.
Scarce resources are a fact of business life. In the wake of devastating budget cuts, furloughs, and/or layoffs, however, “normal” levels of scarcity have been exacerbated. The question for many organizations has become, “How do we move forward from here most effectively?”
Offline marketing is sometimes ignored by solo service professionals – but it shouldn’t be! By holding workshops and in-person appearances in your local area, you can increase your income, raise your public profile, and build a foundation for a stronger business in the future.
As a small business every pound has to be accounted for and it can be a difficult balancing act juggling the need for a particular skill or service without incurring the cost of hiring an extra staff member. A great way around the problem is to hire a freelancer or contractor to tackle specialist areas such as bookkeeping, marketing, IT, HR and office admin.
Although advance planning for resource allocation is the ideal scenario, you may find your business caught short by the severe constraints imposed by the economic downturn. What are the alternatives when your business is operating in crisis mode and there is no Plan A?
When the economy turns bad, an entrepreneur is faced with the challenge of closing the doors or selling the business. Learn steps to save your business.