Top Strategies for Building an Amazing Team
Any company that wants to scale and grow needs to invest in building an amazing team. But the truth is leading a team is hard work! There are so many variables that can make the role of team leader a major challenge. But it doesn't have to be that hard.
According to a New York Times Article by Adam Bryant,
It’s easy to get discouraged when you see that your team isn’t displaying the skills and strengths you want them to have. You’ll probably even spend some time wondering if you picked the right people.
However, before you make any drastic decisions or get overly frustrated, you owe it to yourself and your team to...
Being a leader takes work, courage, and humility. Whether you are a new entrepreneur in your business's early start-up stages or already running a large successful company, your leadership skills should be continually evolving. You deserve to enjoy the benefits that come with being a leader. But sometimes, it’s challenging to live up to the expectations of others. And the reality is that no matter how much experience you have, there will be times you make mistakes.
As a leader, even small mistakes can jeopardize your relationship with your team and your image. However, if you use the right strategy to fix your errors, recovering from them becomes much more manageable.
Common Leadership Mistakes
You do not need to be a finance expert to manage cash flow from your business operations and investments; however, a basic knowledge in finance is important to running a successful business.
Follow these financial principles both in your business and investment endeavors, and over time you will see an increase in the value of your business and your overall net worth.
Cash Flow Management
Cash flows in (sources) and out (uses) of a business. Sources of cash include the sale of products and services and the collection of accounts receivables. Cash usages include payments for expenses, taxes, accounts payable, and loan payoffs.
Businesses strive to be cash flow positive, but you may see a fluctuation in your cash situation (not necessarily positive) when investing in future gains such as long-term growth. Check out this Forbes article to learn more about the benefits of exchanging capital for growth.
A company needs to evaluate cash flow needs, particularly during down markets,...
Creating compelling blog content is one of the most effective ways to drive traffic to your website and build credibility and trust. Use our 17 formulas to create incredibly compelling and clickable blog posts. Each formula represents a different type of blog post.
Formula #1: How To Guides and Tutorials - When writing guides take your readers step-by-step through a particular process, showing them how to achieve the desired outcome. Use your knowledge and expertise to solve pain points and address their immediate needs.
Formula #2: News and Current Events - Write about relevant news and current events, in your specific industry. Include your own thoughts, opinions, and commentary.
Formula #3: Controversy - Write about a controversial subject in a way that is helpful to your readers to help them either understand both perspectives or drive home your take on the issue.
Formula #4: Checklists - Help your readers remember everything they need to about a...
If you want to ensure that your clients have the best possible experiences when working with your business, you must provide them with education and set expectations.
Many small businesses struggle with sales and generating revenue because they focus solely on attracting new customers. The truth is that while you must always have a lead generation strategy and create opportunities to bring awareness to your brand, you should spend the MAJORITY of your time retaining current and former clients.
These are your ideal clients, the ones you have already attracted, qualified, and created relationships with. Most importantly, they’ve already experienced your products and services and are MOST likely to become your brand ambassadors.
Take the time to market and sell new products to your old customers and less time trying to sell old products to new customers, and you will see a drastic change in your sales, customer quality, and branding position.
Here are a couple of key elements to...
Today we want to teach you about the three most important start-up marketing tools you need to get and keep new customers.
Although most small business owners recognize the need for a professional website, they often overlook search engine optimization (SEO). Simply stated, having a good SEO strategy is very important for small businesses. SEO is the process of enhancing your website to become visible in online search queries. It helps your small business be found online by interested consumers. The more visible your site becomes, the more prospective client leads you will generate. New companies and those seeking to grow their client list must utilize all available sales and marketing tools. While personal relationships, networking, and referrals are vital to your business's growth and long-term success, you cannot ignore the internet's power and reach.
To understand the power of SEO, think of how many times you "google" things per day and how much you rely on the internet for solutions to daily problems and questions. The internet influences many of our thoughts and behaviors, from the...
The fear of public speaking ranks as most people's biggest fear. It even ranks higher than death for MANY people.
“A recent survey stated that the average person's greatest fear is having to give a speech in public. Somehow this ranked even higher than death which was third on the list. So, you're telling me that at a funeral, most people would rather be the guy in the coffin than have to stand up and give a eulogy.” ― Jerry Seinfield
Many of us choose career paths that do not require getting in front of the room or a camera, but as a business owner, you can't avoid being in front of the stage! As your brand's voice, you must use your voice to share your message, attract clients to your business, and showcase your unique talents! We know this is not easy. For many, the fear of public speaking is so great that it impedes their ability to take their business to the next level.
None of us would choose death, as the famous comedian joked, so let's work...
Running a small business involves managing cash flow, from what comes in the door to what goes out. If your revenue at any point in time is not enough to cover your costs, this means you may not make money. Even worse, you may need to infuse cash into your business to stay afloat.
At all times, we need to be on top of our cash flow so that we are prepared for a storm, as cash often goes out before it comes in. Of course, we also need to know what to do in a drought, because this is when our business really needs money.
The unexpected slowdown in our world economy during the pandemic is essentially a crash course in cost management. Businesses were forced to learn how much cash inflow they required to cover their cash needs and whether they would have enough cash to cover operating costs and other obligations.
Profitable businesses negotiate, reduce, leverage, outsource, and eliminate spending that positively impacts their performance. Use this checklist to identify ways to...
The internet allows for information to flow and spread so quickly that a single tweet or social media post can reach millions of people worldwide in milliseconds. It allows us to share ideas, stories, and generate interest in new products and services. Unfortunately, it has also allowed the spread of misinformation, fake news and enabled scammers and frauds to take advantage of unsuspecting consumers. We want to show you how to avoid falling for online business scams
"Urgent Business Proposal,
We have thirty million U.S. Dollars, which we got from an over-inflated contract from crude oil.. We are seeking your assistance and permission to remit this amount into your account. Your commission is thirty percent of the money...
Prince Jones Dimka"
Have you ever received this email or one of the hundreds of similar iterations circulating the internet since the early 1990s? If you haven't, you are in the minority. The...