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As part of our series on becoming a great manager, we like to start by explaining what management is and how it’s different from other roles. Let’s start with a basic definition. Management is the process by which people work together to accomplish common goals. It is a system of leadership that involves enabling people…
In this blog post, we’re looking at what CRM software is as a business data management tool and how it can help your business thrive. We’ll break down the essential things you need to know about CRM so you can start the process of acquiring one for your company without getting overwhelmed or making costly…
The workplace is not a healthy place for a lot of people. According to the National Alliance on Mental Illness (NAMI), 40% of people experience mental health problems in the workplace. The American Psychological Association reports that one in five American adults experiences depression. The workplace can be stressful, and if you aren’t actively thinking…
If you’re thinking of buying an unprofitable business, there are a few things you should take into account before making your decision. The most important thing to remember is that just because a business isn’t profitable doesn’t mean it can’t be valuable. You should consider several factors when valuing an unprofitable business, including the potential…
Small business owners should understand how their company is performing well. However, most do not. When starting a business, an owner may think that because they don’t have employees or many overhead costs, they don’t have to do much tracking. This is a mistake. Every business has a life cycle; as your business grows, you…
Read More “Why Small Businesses Fail: Top 8 Reasons for Startup Failure” »
The nine-to-five work day is becoming a thing of the past. More and more people are working from home and for a good reason. There are plenty of benefits to working from home, including no commute, flexible hours, and the ability to create your own office space. If you’re thinking of making the switch to…
Opening a small business is a great way to achieve financial independence and make a living by doing something you love. But starting one can involve a lot of work. It requires commitment, patience, and the ability to work through the day. However, even before planning and executing business ideas, you would need to decide…
Emails can be an important part of business relationships. Still, there are many cases when it can be difficult to get to the point and end a discussion without it turning into a lengthy email back and forth. However, the process of writing business emails doesn’t have to be a pain in the neck. The…
Running a business can be stressful. But it doesn’t have to be. Good management practices can help keep your workers happy, focused, and productive. And as a result, your business will grow and prosper. Business leaders face many challenges, but some basics can help. Here are some best practices that business leaders should adopt. Provide…
For a company to survive and be successful, it must retain its talented employees. This is because they play a crucial role in generating revenue for the company. All companies are looking to hire the best of the talent available in the industry for this very reason. Those who have successfully managed to recruit such…
