COMPLETING A SUCCESSFUL PROJECT WITHOUT BURNOUT
If you have a full workload now, you can naturally expect it to increase with the start of any new project. You can choose to work longer hours to take on the extra tasks, but is that sustainable or efficient? Over time you may notice a decrease in productivity and efficiency. Since the day-to-day demands of your business will not decrease, we’ve got to figure out ways to manage your and your employee’s workload while completing a successful project. Consider small business consulting to support your project management.
INTRODUCING RISK MANAGEMENT INTO YOUR SMALL BUSINESS
Operational risk is the broader are of risk management that exist in all businesses regardless of size or type. Every business has its own operational and compliance-related risks. Knowing your businesses top risks is important, as well as having a view on how you are covering those risks. Operational risks are the potential for financial losses to your business due to the occurrence of negative events related to your business processes, your people, your data / technology, or some external event. All these risks must be controlled for enterprises that want to avoid potentially disastrous issues.
TIME FOR A BUSINESS PLAN REFRESH?
When was the last time you’ve looked at your business plan document? It’s interesting and fun for a business owner to look back at your first business plan, almost like old photos, and reflect on whether those initial plans are working out so far. But more than being interesting and fun, looking back at the initial business plan is beneficial for long-term success.
SHOW YOUR COMPTETITIVE DIFFERENCE
Consumers are now much more informed and have higher expectations with regards to product quality and service delivery. ‘Exceptionalize It’ author Lior Arussey summarizes it this way ‘Being exceptional is important now because you have no other choice. Customers expect exceptional experiences, meeting expectations is no longer sufficient.’
EMPLOYING YOUR FAMILY MEMBERS
Hiring family members without carefully considering how they fit into your company's current and future demands typically lead to familial strife, as well as business troubles. Following the recommended practices in this article can help your business prosper while employing family members and avoid many of the issues associated with family employment.