When running a business you will ideally be working with complementary personalities, and during the hiring process you can screen for qualities like attitude and fit within your organization. Even so, you still might wind up with two equally effective employees with personalities that don’t mesh very well. The ability of your business to function smoothly is contingent on employee cooperation, and when you need something to get done and must rely on your business’s version of the odd couple to take care of it, some management finesse may be in order. In general it is better to create a framework of cooperation that can help you avoid employee disputes, since taking the time to resolve an open conflict can be a serious time-sink. Clearly delegate responsibility and stay open to communications. People will often begin to squabble when there is a lack of clarity surrounding what they are working on, which is why goal setting followed up by open communications is the key to getting

In in article from Newsfactor.com, the trend of employees leaving their job was looked at in relation to small business. The article presented a case study of a business fighting to keep an employee who represented over a quarter of the business’s revenues. In the end, the owner of the business made their employee an offer to come aboard as a partner in order to avoid the potentially catastrophic loss of their top performer. Know what’s going on with your employees and where they picture themselves going with your business. If you have a great employee on your team, but they don’t feel like they are being challenged, it is likely that they will seek out a new environment that gives them opportunities that are on par with their skills and ability to learn. In order to avoid losing an employee because they want to do more, make sure that you are keeping tabs on your top performers and communicating with them regularly so that they

In a great article from Forbes, some tips for female entrepreneurs were looked at provided by  Maria Coyne, Executive VP of Business Banking at Key Bank. One of the tips that rang particularly true was the second, which suggested forming an advisory group, wherein entrepreneurs can offer each other advice, shared resources and expertise in the nuances of managing industry specific tasks from a shared perspective. Along with tips that included a call to female entrepreneurs to familiarize themselves with the basic math that goes into managing a business and keeping a clean balance sheet, the suggestion to form advisory groups is stronger than one might initially think. Business owners who have mentors have been shown to benefit tangibly, through being able to avoid common mistakes, gain insight on problems that otherwise would have taken them much more time and resources to troubleshoot. How can you begin to form an advisory group? The first step to creating an advisory group is to network with other female

According to a Chase survey on Small Business Outlook, one in ten small business owners claimed to be “extremely concerned” with attracting qualified talent to work in their businesses, with commonly cited steps to combat the deficiency being offering higher wages to targeted talent, offering non-financial compensation such as flexibility in hours or a larger stake in the company, and settling for lowered skill sets. It is this last strategy that is troubling, since smaller businesses often rely on hiring the right talent proportionally much more than larger businesses, which may have the effect of any individual employee diluted by the presence of staff with overlapping or redundant functions. Business owners can create strategies to vie for the talent that they need. Instead of accepting talent that may not be qualified, business owners should create strategies for bringing on the employees that they are really seeking. When it comes to things that small businesses can compete on with larger corporations, salary might not be one of

Preparing for holiday sales is just one part of getting ready for the busy times that come with the end of the year. It’s also a great time to court new, talented employees. Along with the end of the year, many potential hires are in the process of looking for new jobs. This could be because of layoffs during the last quarter of the year, dissatisfaction with a corporate environment, or simply the knowledge that many businesses choose to hire in the first part of the new year, having renewed budgets for the first quarter. Make your hiring ad as appealing as possible by highlighting the unique elements of your business. It is often the case that high level talent leaves the corporate world in search of a more flexible environment, or one where they feel that their contributions will have a larger proportional impact on the growth of the business. Being explicit about the benefits that come with your position, including the company culture and

  There are many ways of adding value to a small business, from equipment to new personnel. One thing that small business owners may or may not realize can add a huge amount of value to their businesses is something that it is hard to put a material price on; the insight and valuable experience that can come from a mentor. What should business owners look for in a mentor? A mentor should be someone with experience growing a successful business. While every business’s ride to success is unpredictable, the experience of growing a business gives both perspective and a sense of how to handle common problems that businesses encounter that an entrepreneur with less time behind the wheel might not know how to handle right off the bat. A mentor is not a guarantee that your business isn’t going to make mistakes, that is an unrealistic expectation and even seasoned entrepreneurs who have created and grown multiple businesses are constantly in a state of learning

  Time is the one resource that can never be replaced once it is used up, so business owners should always be on the lookout for easy ways to save it. One of the biggest time sinks out there is writing and reading emails, especially from people who you would rather not remain in contact with. One technique for managing emails and cutting down the time it takes to sort useful correspondence from junk is adopting a better organized email filtering system that will automatically separate your mail into more easily scanned categories. This will only help when it comes to reading emails that you personally receive, so on the other side of the coin, creating some handy email templates can cut down the hours spent typing up letters in order to respond or reach out to business connections. While you may have to edit your templates before sending them out on a case by case basis, it is still much easier than sitting down to

In business, as in life, a lot hangs on the important relationships that you are able to create. While there are some standard practices that you should be sure to observe that are more or less expected in business communications, small business owners should also be cognizant of some very simple verbal and visual cues they give off that have the potential to strengthen a relationship. Most of these tips are grounded in basic politeness, but in the often brusque world of business, this can be less standard than one might assume. Say thank you. Being grateful for the effort someone puts in to working for you might be a given, but that doesn’t mean you should leave things unsaid. Saying thank you for the work of others reassures them that you truly value the work that they have one for you and that you understand they put effort and time into following up with your request. Respond to physical cues. Pay attention to the body language

Small business owners with bad credit often feel more pressure to remain ahead of industry trends than other business owners given the sometimes fickle nature of the bad credit business financing market. For them to remain competitive and continue to grow their revenues, some innovation and an early adopter attitude can be a major boon. This being said, the fact that business owners, especially those with bad credit, are often pressed for time can make it difficult for them to find the resources and perspective they need to stay on the cutting edge. Luckily, thanks to the internet there is a wealth of information available to small business owners that can be accessed when on the go, as well as tools that can be used to get straight to the best content available, saving you some valuable time. Let Google find content for you. Google Alerts are a busy small business owner’s best friend. Using this tool, you can specify keywords and update frequency, and Google

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