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Business Best Practices

Leadership vs. Management: Navigating the Distinct Paths to Organizational Success

November 27, 2023 by admin

In the realm of business, the terms “leadership” and “management” are often used interchangeably, but they represent distinct approaches that play crucial roles in the success of an organization. While both are essential, understanding the differences between leadership and management can unlock new perspectives on how to effectively guide teams, drive innovation, and achieve organizational […]

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Five Steps to Keeping Employees Motivated

July 21, 2023 by admin

Motivated employees typically perform at a higher level than employees who are disengaged from their work. They are willing to go beyond their job description to see a project through to completion. Very often, their enthusiasm inspires and pushes coworkers to excel. Certain strategies can help foster a culture of motivation and enthusiasm within the […]

Filed Under: Business Best Practices

What Is Your Most Valuable Asset?

June 12, 2023 by admin

Your most valuable asset isn’t your real estate or the tech stocks you bought in the 90s that have done well. It isn’t even your business per se. Your most valuable asset is you — specifically your ability to run a profitable company and make money. Are you protecting that asset from the risk that […]

Filed Under: Business Best Practices

The Pluses and Minuses of Business Borrowing

March 4, 2023 by admin

There are distinct pluses and minuses that small business owners should consider when looking for a loan. New small business owners typically enter the marketplace with high expectations — they want to build sales and increase profits quarter to quarter. More often than not, they hope to add employees and, perhaps, open up additional locations. […]

Filed Under: Business Best Practices

Can Your Company Survive a Disaster?

January 10, 2023 by admin

Fire, floods, hurricanes, earthquakes. When they happen, they can destroy buildings, equipment, and hard-to-replace data, and even injure or kill employees. It can take a business weeks, sometimes months, to resume operations after a disaster. Some businesses never recover. You can’t pin down the time or day when a disaster may strike your business. However, […]

Filed Under: Business Best Practices

What’s Your Business’s Fallback Plan?

December 14, 2022 by admin

Like many small business owners, you may plan on working until you are ready to retire. And, once you reach that point, you may expect to sell your business and live off the proceeds. Or, you may have partners or children who can keep the business operating once you are ready to step away. However, […]

Filed Under: Business Best Practices

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