Business owners spend their life growing the family business, but their wealth is locked up in their business and the owner isn’t able to enjoy the fruits of his labor. An ESOP will allow him to sell part or all of the company, providing liquidity and diversification of his wealth while still remaining in control of the company.
Some people will, and laugh, at me for saying what I’m about to write about in this post. But it is true that I parrot it every time there is a workplace violence (WPV) incident. And nobody really wants to listen. That is until I start naming the things that make this the most dangerous attitude.
We all know by now that social media is this Digital Age’s word-of-mouth. People like, follow, and retweet brands to show their support, endorsing their favorite brands on all social media platforms—although some feel more love than others. According to Forrester Research, Instagram is miles ahead when it comes to customer engagement
Dr. Darald Hanusa, with Midwest Center for Human Services in Madison, WI, specializes in treating victims and perpetrators of workplace violence. As part of his work, he is often asked to help businesses better understand how to deal with such issues. “When management isn’t really trained on how to identify what’s happening and escalation and how to diffuse it, that’s when…problems oftentimes erupt,” he said.
I’m sure you’ve read Stephen Covey’s “7 Habits of Highly Effective People” sometime in your life. It’s one of those books that you should read every year. This video shows an nice illustration of Covey’s 7 Habits
Blogging has been around since the ’90s, however, in today’s digital world, blogging has become an integral part of a company’s marketing strategy.This infographic from SearhGroup.com.au illustrates the Benefits of Blogging.
Creating and sustaining a valuable business enterprise is a difficult task under the best of circumstances. Strategic planning is a key to facilitating superior performance and value creation, yet businesses tend to ignore strategic planning, often relying on seat-of-the-pants management and/or business folklore.
Whether it’s business classes from accounting to social media marketing, today’s business owner needs to stay on top of the latest business trends and technologies. You can bet your target market is tech savvy, so you have to be.
Snapchat’s gritty, in-the-moment appeal has taken the millenial generation by storm. And if you want your business to reach them, you might think Snapchat is a great way to do it.
In today’s world of specialization, if you specialize in one thing and another related, non-competing, business is a specialist in their field, and you have similar target markets, a joint venture or strategic alliance may be beneficial to both businesses.