It’s the age old question: How do you keep your employees productive and happy in the face of the daily grind that is the modern workplace? For many, the fear of losing one’s job—and by extension, income—is enough to get them out of their warm beds every morning and into the office. However, fear is a lousy motivator. It urges employees to do the bare minimum in order to retain their positions, and it has a way of sucking any and all enjoyment out of a job. Instead, the better path to take is the one that focuses on employee appreciation and recognition. Read the full entry
When making a big decision for your company, it’s important to weigh both sides to determine the best outcome. That’s why we asked a panel of successful entrepreneurs from the Young Entrepreneur Council (YEC) what they think about working in shared spaces. Here’s what they had to say: Read the full entry
But how do you know who’s genuinely in it for the long haul?
For years managers having difficulty bridging the divide between generations. This isn’t anything new. However, human resources managers must confront the issues facing the modern workplace, where individuals from different age groups have expectations that are not always in harmony. The three generations seemingly at odds in offices across the country are Millennials, Generation Xers and Baby Boomers, all of whom exemplify similar character traits, but to varying degrees – and it’s the divergence in how these groups approach managing that has led to differing perspectives. Read the full entry
Many retail and office managers will spend inordinate amounts of time agonizing over important decisions and then ruin their efforts by making a snap decision over a seemingly innocent issue. Here are five actions that managers take that are actually counterproductive when it comes to effectively managing their staff and some steps to avoid the problem in the first place. Read the full entry
Business structure formation is not exactly a topic that business owners clamor to read about, but it is important for entrepreneurs to understand as much about it as possible. Sole-proprietorship is typically the default business structure entrepreneurs wind up working with and while it’s easy to form, it doesn’t provide you with much fiscal or legal protection. If your business doesn’t take off quite like you expected, or if the business is sued, debtors could seize your personal assets to pay for the business’s liabilities. I know firsthand how it feels to stare into the unknown and wonder if the gamble to start up your own company is worth taking. Though turning your business into its own, separate legal entity may seem daunting, it does lower the stakes, especially when you research the structures beforehand. So, when you look into choosing a legal structure for your business, ask yourself these three questions before choosing the one that meets your needs. Read the full entry
There are two kinds of people: those with ideas, and those making their ideas a reality. I like to think of myself as the former. Here’s how I juggle the seemingly endless flow of ideas rolling around in my head and make them into something tangible. Read the full entry
“A company is only as good as the people it keeps.” Lately, there’s been a lot of talk about talent shortages and how a small to medium-sized business (SMB) can compete with larger companies to attract and hire the best employees. But, there’s talent already sitting dormant on your team. Here are some ways you can identify and tap into that talent to keep it right where you need it. Read the full entry
I had a friend working for a startup who recently quit because the founder and CEO was a total jerk. Overhearing some nightmare stories about how the CEO treated his people personally and professionally inspired me to help other would-be entrepreneurs avoid becoming despicable CEOs. Read the full entry
Wouldn’t you like to go on a weeklong, all-expenses-paid vacation on the company’s dime? Of course you would, but what if you’re the one footing the bill? Odds are you aren’t saying “yes” quite so quickly. However, before you reject the idea, you should consider all the benefits a company retreat can provide. The truth is that they’re not just good for your employees, but they’re also good for the company.
While retreats can benefit any business, they’re especially helpful for virtual companies. The distance between employees makes creating a vibrant company culture very difficult. Common complaints from poorly adapted virtual companies are confusion as to what people are doing, slow results because of inadequate knowledge sharing, and a general lack of cohesion among employees. Read the full entry