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Understanding business agility as an entrepreneur

Indiana Lee Business Management, Services & Risk Management

Staying afloat in the face of any crisis can be difficult. But as the most recent economic downturn proved, the state of your business and industry can change at any second. Developing the ability to pivot and stay agile can be your biggest asset as an entrepreneur. When things go wrong, business plans and even crisis plans can only take you so far. Your business may be protected from the initial blow, but on the tough journey back to normal operations and growth, an agile mindset is invaluable. We’ll dive deeper into the benefits of business agility for entrepreneurs, then offer some tips on how to increase your agility over time.

Pandemic-created challenges become corporate responsibility opportunities

Peggy Smedley Distribution & Warehousing

Uncertainty caused by the COVID-19 pandemic has plagued businesses around the globe — particularly those in the supply chain community — accentuating weaknesses never seen before. However, if considered from a different perspective, it has given rise to opportunities for these same companies to shine like beacons in the night. When the pandemic first hit, supply chains were disrupted — so much so that an everyday consumer quickly understood what the supply chain was and how it might impact being able to access goods in a timely manner.

Infographic: How to set work boundaries to avoid burnout

Pia De Los Reyes Mental Healthcare

With remote work being the new professional normal, it can be especially challenging to stay productive and separate job stress from our personal lives. When stress is high and maintained over a period of time, it can lead to burnout or a type of work-related stress that can have a myriad of negative effects on your health and productivity. Those experiencing burnout can suffer from fatigue and mental exhaustion, and it can also lower work performance and cause job dissatisfaction. Over time, burnout can increase your vulnerability to disease and even potentially cost you lost income because of unpaid sick leave or a missed promotion.

How to build an app your clients will love

Rayanne Morriss Business Management, Services & Risk Management

Many consumers are glued to their mobile gadgets, so creating an application is a smart business step. With over 3 million mobile apps available, you have to ensure that yours stands apart from the competition if you want to make good profits. Therefore, finding the right way to create an app that sells requires a strategy. Consider these tips when developing an application that meets your company's needs.

With succession planning, avoid the ‘Alice in Wonderland’ syndrome

Donald F. White Business Management, Services & Risk Management

Do you remember Alice, the little girl who fell down a rabbit hole and ended up in Wonderland? As Alice wandered about Wonderland, she came upon a Cheshire Cat with a distinctive, mischievous grin. Too many people are on their way to somewhere, with little to no idea what or where somewhere is. They assure themselves that someday they’ll know what and where somewhere is because, well, aren’t they on their way there? Sadly, when it comes to business continuity and succession planning, most business owners are like Alice — on their way to somewhere, yet with little to no idea what or where somewhere is.

The power of success: How to cheerlead instead of compete — and win more

Jeffrey A. Martinovich Business Management, Services & Risk Management

Much of the world today seems to indulge in schadenfreude — taking pleasure from others’ misfortunes. But if we train ourselves to focus on cheering for others’ successes instead, we also create much more success for ourselves. We need to fundamentally understand that when other people have success, it’s a good thing for everyone. It is not a poor reflection on us. It does not highlight our lack of achievement. Rather, it creates an environment of success for us all.

How does the shift to remote work affect marketing agencies?

Jaron Soh Marketing

The pandemic and its resultant lockdowns have shown us that workers can be just as productive and effective when working from home. Consequently, companies across the globe will inevitably introduce work-from-home policies in the coming months. Marketing agencies, too, are reaping the benefits of working remotely. Since most marketing activities are now done digitally, they can also be done independently outside of a conventional workspace. In this article, we will analyze the pros and cons of the shift to remote work and how it might benefit or cause detriment to marketing agencies.

What’s the BIG Idea? Episode 3: Jasmine Ahmed on organizational transformation

Hank Boyer Business Management, Services & Risk Management

In this episode of “What’s the BIG Idea?” we visit with Jasmine Ahmed, Senior Vice President of Global Finance Transformation for NewsCorp. NewsCorp’s media empire spans the globe with trusted brands such as The Wall Street Journal, Fox News, Barron’s, News Australia, and Dow Jones.

Besides higher wages, what else can businesses do to address labor shortages?

Linchi Kwok Travel, Hospitality & Event Management

When everyone in hospitality is hiring to meet growing demand and prepare for the summer, many are struggling to fill job openings. How bad is the current labor shortage situation? A restaurant owner in New York City, for instance, posted a job listing for a host/hostess position at $30 an hour but received no response for two weeks. A year ago, the same restaurant would have received "hundreds and hundreds of resumes" already for the same position paying $20 an hour. When every company is offering a higher wage and even sign-on bonuses to new hires, businesses must do more to respond to the labor shortage challenge.

Podcast: How to sell packages in a cash-based practice

Jarod Carter Marketing

Offering discounted multi-treatment packages can be a great way to help fill your clinic’s schedule and minimize drop-offs to maximize the raving fans you create for your practice. However, the higher price tag can scare off those who aren’t totally sold on the value of your services if you don’t frame the "ask" in a way that builds trust, addresses objections, and is timed perfectly. In this episode, I walk you through how to effectively sell packages to your patients, including the simple analysis that will enable you to predict if offering discounted plans is likely to leave you with regrets down the road.

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