No business can afford to have employees waste time or effort. No manager can expect employees to be 100% efficient either. Some time wasting activities can actually be rejuvenators according to an article on finding a productivity sweetspot by NICE Systems. [Read more…]
Business Owners Hierarchy of Needs
You’ve probably heard of Maslow’s “Hierarchy of Needs”. He identified how a person’s needs dominate motivation and behavior and that there is a specific order in which they should be met.
His theory suggested that the basic needs (physiological, safety, love and belonging) had to be met before the individual will desire and pursue higher levels of needs (esteem, self actualization, and self transcendence).
If a need is not met, the individual will feel tense and anxious. Although people may have several needs at any time, one will dominate their actions. [Read more…]
What a CFO Can Do to Improve the Sales System
What can a CFO do to improve the company’s sales system? What do they even know about sales? You’d be surprised.
If you’re the CFO and CEO, the following applies to you. If you’re both of these plus the Director of Sales and maybe even the Chief Salesperson, you still need to include the tasks below in order to improve the results of your sales system. [Read more…]
7 Ways Conflict is Good for Business
Conflict is valuable in the workplace. In fact, it’s actually good for business.
You might not have thought of it as being positive but it can be when people use care with each other and stakeholders. They also have to put something like the BSC’s Fight Fair™ strategy in place.
I just had the opportunity to spend two days working with the staff of an Inc 5000 company on improving their communication. This is a high quality small business but staff members and the owner wanted to make sure they were dealing effectively with the internal and external conflicts that come up in every business. [Read more…]
Use Family Business Loan to Hire Employee Gems
Austin’s Family Business Loan was described as a way to encourage small businesses to hire at an Austin Human Resource Management Association meeting.
It’s financed under the U.S. Department of Housing & Urban Development (HUD) Section 108 Loan Program in association with the U.S Small Business Administration, private banks and credit unions. The funds are to benefit businesses and people who fit the profile of “HCU”, hard-core unemployed. [Read more…]
IRS Tax Calendar: Protection for Small Business
Protect your small business with this year’s IRS Tax Calendar. This is also known as “The Tax Calendar for Small Businesses and Self-Employed” (Pub. 1518, Catalog Number 12350Z). It’s a scary world out there!
It’s back in print. Hurrah! We’ve missed having them. We used to give these out each year to our clients because they are really valuable. They have also been known to cause nail-biting and hair-pulling. Unfortunately, all the Spanish language wall calendar print versions are gone and will not be re-printed. Maybe next year they will print more since Hispanic businesses are one of the fastest growing startup groups. [Read more…]
7 Ways to Have a Strong 4th Quarter Finish
You deserve to have a strong 4th quarter finish. It’s time to harvest what you have reaped all year.
If you still need to sew some seeds to accomplish goals, we recommend the following: [Read more…]
Federal Contract Opportunities Shrink by 18K+ in October
Are you a small business? Do you provide goods or services to the federal government or want to? Starting October 24, 2012, you will have over 18,000 new competitors for federal contract opportunities with the potential of even more competitors after November.
According to the Small Business Administration Office Of Advocacy, the Small Business Goaling Report, 2012 reported that in fiscal year 2011, 21.7 % of federal government small business eligible purchases went to small businesses.
Now, contractors will have to work even harder because their competitors are larger and stronger. That’s because effective October 1, 2012, Federal agencies and programs must use the United States Small Business Administration (SBA) small business size standards that are based on “NAICS 2012″. These are modifications adopted by the Office of Management and Budget. They include 76 new industries and changes to 11 sectors. Oddly, the public can comment on this “adopted requirement” until October 19, 2012. This has big implications for federal purchasing, loans, etc. [Read more…]
Business Pride is Good to Celebrate
Business pride is not a bad thing. I hope that you have pride in your business.
In April, I will receive the 2012 Career Achievement award from my undergraduate college, Mary Baldwin College, in Staunton, Virginia. One of the questions they asked me was what was I proudest of in my career.
It’s a great question and complex for me to answer. The short answer is the business I built with my husband. This year our business and our marriage celebrate 30 years. That’s a big payoff. I have a lot of business pride in what we’ve lived through and built together. As you begin another year in business, celebrate it with pride. You deserve it. [Read more…]
Overcoming 5 Business Challenges in Tough Times
Business Challenges: What Goes Up Must Come Down
Sir Isaac Newton proved it. David Clayton-Thomas wrote about it in the “Spinning Wheel” song. BS&T (Blood, Sweat & Tears) and Dame Shirley Bassey covered it in their albums.
How many ups and downs has your business experienced? Since we started our business, we have been through seven ups and downs – oil, banking, real estate, savings and loans, dot.com, Wall Street, and now real estate again. It has caused us to refine and redefine our business at least that many times.
If it’s a part life, it does not make sense just to try to survive this one. Another wave is coming. If you own a business, the wave that could take you under could be something global like this “Great Recession” or something unique to you and your business. So be watchful; be prepared for those business challenges that are out there.