By far, the most underrated element of every business has to be managing payroll. I use the term, "underrated," because I feel like most entrepreneurs, myself included, expect running payroll to be the least of their worries when they are gearing up to go into business for themselves.
Having customer focus is giving them the attention they feel they deserve. In a past blog, I mentioned my love for philosophy and, undoubtedly, one of the concepts I’ve latched onto is that of via media: the middle way. Aristotle, the ancient Greek thinker, emphasized this concept in the realm of ethics, theorizing that the Good is found in the middle, avoiding the extremes of excess and deficiency.
We don’t talk about state-to-state migration enough and the catalysts that provoke it. The paradigm states must adhere to is remarkably complex but therein lies the beauty. Every state is its own business when you think about it. Their primary objective is to attract people to move there because the more people you have, the more business development you can expect and thus the more growth your economy can enjoy. The ongoing and never-ending competition between states is fascinating. Just because your state has beautiful mountains or ocean views doesn’t mean people are just going to flock there. Most people would love to live in a beautiful place, but our survival is paramount which means beautiful views doesn’t translate to food on the table. Let’s explore some of the caveats to grooming a successful state-based economy.
When you’re a small business with a staff of fewer than ten people, you are much more analogous to a conventional definition of a ‘Team’ than a company with a staff of over 100. With regard to the former, you know the person you can rely on when it comes to performing a specific task, much like
Have you ever fantasized about creating something? Maybe it was a vintage car restoration, re-creating a beautiful sunset in watercolors or even cooking a delicious feast. More often than not, the final product doesn’t do the fantasy justice. What defines us as individuals is how we
It has long been a common understanding among career-driven individuals that if you intend on building a career, then you’re going to have to pass a drug test or two along the way.
There are multiple ways to make decisions when faced with a critical crossroads. Some of us will shoot from the hip and trust our gut. Others may freeze and fail to even make a decision. Then there are those who will methodically map out the theoretical consequences of each option and go with the one that provides the most value add or, in some cases, does the least amount of damage. This is a Cost-Benefit Analysis.
In an increasingly online marketplace with business automation as the next frontier of every strategy, your company is only as strong as the business tools you are using. A business’s software "stack" decides how agile it can or cannot be, especially in making the most of available manpower. While that is crucial to the success of SMBs, it goes for larger businesses too.
Work Life - Greatest Source of Stress
Surprise, surprise - as if you hadn't already guessed. According to Steve L. Sauter of the Nation Institute for Occupational Safety and Health, the workplace has become the single greatest source of stress. This is exactly what a healthy work life balance can alleviate if executed correctly.