What constitutes an advisory board? Who should participate on an advisory board? Is an advisory board the right fit for my business? While most private companies aren’t required to have a formal board of directors unless investors or their banks insist, advisory boards bring value to the business. Even if you are the sole owner of your company, there are many reasons why you should consider setting up an advisory board.
The horror stories of business partnerships gone awry, often sound like bad divorces. Most of these stories serve as cautionary tales as to why we should never take on a business partner. Of course, it’s possible to start and grow a business without partners, but there’s also nothing wrong with a good partnership. So should you take on partners and if you do, how do you create a good partnership?
The decision to take on partners is your choice alone.
There is much discussion of key performance indicators: what are KPIs? How to set KPIs? How to organize your dashboard? Let’s clear up some of the confusion as to what KPI means as well as discuss how to choose YOUR key performance indicators for YOUR dashboard.
In today’s tight labor market, employee onboarding has never been more important. It’s often challenging to find and hire the right people for your company. When you finally hire, it’s essential to have processes in place to help him or her succeed.
So, you’ve hired the perfect (or near-perfect) employee and they’re ready to start their new and exciting position with your company. Now what happens? Effective employee onboarding is critical to seamlessly integrating new hires into everyday operations and company culture.
All entrepreneurs face challenges, but women entrepreneurs have several additional obstacles to overcome. These four big hurdles can be addressed and tackled with a pragmatic approach.
All companies have a culture. Since nature abhors a vacuum, it’s better to select and cultivate the culture you want. Sitting back and allowing your company culture to develop naturally, may result in an unintentional, unprofessional environment inevitably derailing your business. As Steven Covey says, “Start with the end in mind.”
Quality control extends well beyond checking for defects of a manufactured product or service prior to delivery. Effective quality control is ubiquitous in an organization. It supports the complete and effective performance of each job while ensuring every interaction with the customer is successful. Expectations made clear for every position as to how each job should be performed and the ways departments should communicate/interact is key to successfully embedding quality control into your organization.
What is holding back the growth of your company? A surprising answer may be a lack of delegation. Yes, even Superman had limitations. You, along with your team, only have so many hours in the day.
If the entrepreneur doesn’t learn to delegate tasks, the growth stops as soon as her plate is full. When the entrepreneur alone holds the reins, it limits the company’s growth. Effective delegation enables individual and company growth. Delegation allows business owners to focus on the most important goals of the company.
Nobody wants to admit the business is struggling with cash flow. Moreover, this problem isn’t only a small company problem.…
Feeling a little scatterbrained lately? Maybe you feel you have too much to do, don’t know how to manage your…