Over the past five years, small business owners have continually been told that they need to empower their employees. This fact is often treated as sacrosanct, but ultimately, empowering employees is an overarching term that doesn’t actually mean very much at all. To provide some clarity and actionable objectives, below, we’ve looked deeper into this important subject. What is employee empowerment? The business-employee relationship is inherently unbalanced. The business has to operate in a certain way in order to succeed and grow, and employees thus have to produce work that…
Tag: growth
5 Reasons Why Your Retail Business Isn’t Pulling the Numbers It Deserves
Did you know that only 20% of businesses would consider themselves successful? The other 80% are deemed as failures because they can’t generate enough income to be a profitable business and they’re failing to hold on to their customers. Working in the retail sector can be even more difficult and also a huge investment, which is why it’s vital that you learn how a business can fail and how you can revive it before it completely drops into the red. So in this post, we’re going to look at five…
How Stepping Out of Your Comfort Zone Will Help You Grow Your Business
If you are running your online business and would like to make the most out of your brand image, you simply cannot hide in the shadows like a shy toddler. Stepping out of your comfort zone and into the limelight will help your brand become more visible, and you can deepen your customer relationships at the same time. Below you will find a few ideas of how to overcome your fear and connect with your market in a more personal way. Personal Appearances Whether you decide to go live on…
How to Accelerate Your Business Growth in The New Year
There’s only so much one person can do. Yet, many entrepreneurs feel the need to do it all themselves, which can feel empowering at first, as there are a lot of knowledge gaps that can be filled when starting out by taking this approach – indeed, for many entrepreneurs it’s a necessity to do everything themselves because they don’t have the funds to outsource tasks or employ others for growth. The challenge, however, is that there are so many hours in the day and often business owners are working “in”…
Questions You Need To Ask When Hiring A Machine For Your Business
There are many different reasons why businesses require the services of a company offering machinery hire. A lot of businesses go down this route when one of their own machines have broken down, or when demand is high, or they have a job that is bigger than what they usually handle. No matter your reason for requiring machinery hire, there is no denying that you need to choose a hire company with a considerable amount of care. Read on to discover some of the key questions to ask before signing…
Take Care Of Your Business, And Your Business Will Take Care Of You
As an entrepreneur, keeping your business in good health is an ongoing battle. However, you can make things a lot easier by ensuring that all of your assets are protected and operating at their peak. The tricky part is knowing where to place your focus. Thankfully, you can make most of the necessary adjustments right away. Learn to take care of the following assets, and your business will be sure to thrive. 1| The People People are the heartbeat of any business. Keeping your employees happy will establish a…
You Should Consider Changing Your Vendor If…
When you run a small business, your reputation is everything. Without a sterling reputation, how can you expect your clientele to choose your brand over your competitors in a crowded and competitive market? How can you hope to build value into each and every transaction for your customers? How can you hope to flourish and grow sustainably? Of course, there are many contributing factors which make up your business’ reputation. Of course, your employees play a huge part. It’s their daily interactions with your customers that build and solidify your…
Setting Goals For Your Small Business
Setting goals is an important part of any business but are especially important for a small business. So if you have a small business and looking to set goals for your own, here are a few tips. Break Down Your Goals Businesses often opt for lots of long-term goals, which are great but there’s nothing short-term to help motivate a business. Long-term requires a lot of time and effort, so the time it’ll take to see the payoff isn’t going to be anytime soon. So that’s why it’s important to…
Don’t Fear Progess, Utilize It!
You might have noticed in the news or online small companies complaining about how big websites like Amazon have obliterated their chance at making profits. One of the issues with sites like this is that they sell EVERYTHING. That means regardless of what your business offers to customers, you are going to be in competition with companies like this. You’ll have to compete on the same level of pricing or, you’ll have to provide a USP that means you stand out over what they can offer. This is just one…
Here’s What You Need to Think About when Starting up in a New Industry
If you know that you are starting up a business in an industry that you have never operated in before, then you will certainly have a lot to think about. You will have to think about your operational hours, the equipment you need and even the staff that you are going to hire as well. If you want to make the whole thing easier on yourself then you can find out whatever you need to know right here. Don’t be Afraid to Ask Questions If you are new to an…