In a world where information flows at the speed of bytes, where products get copied, prices matched and distribution is ubiquitous, culture is one of the few things – often the only thing – that competitors cannot match. In short, it’s a company’s one source of sustainable competitive advantage.
A great culture allows businesses to attract and retain A-grade talent and allows them to fulfil their potential. This is achieved by effectively distributing decision-making power through the organisational system, so that employees can fluidly respond to the challenges and opportunities that emerge every day, in the moment.…
B2B research from Circle Research have created this infographic to educate you just how hard it is to start your own business.
A really interesting fact that is definitely worth knowing, is that nearly 60% of all businesses fail within the first five years of starting up.
Different niches have different success rates. For example the top survival rate is Healthcare. All statistics shown, over 40% of all healthcare businesses survive, this is a massive difference compared to any other business niche.…
Hiring the right remote virtual assistant is much tougher than most entrepreneurs initially think. Forget the fact that they’re often continents away from you, which presents its own set of challenges. Remote assistants are just like any other employee you hire – some are good and still others are a nightmare waiting to happen.
Like Tom Hank’s Forrest Gump character famously said “Life is like a box of chocolates, you never know what you’re gonna get.” If you’ve ever hired employees before, it’s quite likely you’ve pulled a bad apple or two out of the bag.…
A virtual office is a great way to add legitimacy to an online business and gain access to physical office space when you need it, while saving loads of money you’d otherwise spend leasing or renting a permanent business location. While the selection process is fairly simple, there are a few things you’ll want to consider before making a final decision.
Here are 8 things to consider when choosing a virtual office:
1. Flexibility
Ask yourself what your virtual office’s ideal business hours should be.…
Superheroes are ridiculously awesome; I think we can all agree on that. But what if they had to work normal jobs like us average, non-super people?
Would they be able to cope with working 9:00 – 5:00 like Dolly Parton and us? Maybe, maybe not; but that’s not what we’re here to find out. We want to take an educated guess at what they’d be good at in the real world.
Nick Fury
Without a doubt Nick Fury would be in some sort of directing, managing job.…
When you attend an entertaining, informative and memorable business event, it seems like everything happens automatically, just when it should. If things go smoothly, you can be sure there was a mammoth amount of preparation and planning behind the scenes.
Here are three vital behind the scenes things you have to put plenty of thought into:
Logistics Planning
Early stage planning can make or break an event. Things to consider include choosing the date, which ideally won’t clash with any other local or national major event.…
Businesses around the world have moved unto the next big thing which is doing businesses online. No business can survive in the overcrowded and competitive business world without the internet. It is important to quickly figure out how to succeed online. Understanding the basic facts about running a successful online business will guide your decision making. Online business may sound convoluted to you when you first start out because of the complicated terms that are used including search engine optimization, video marketing, email marketing, building websites, and social media marketing.…
Many people don’t like their job, don’t like their boss and always wanted to work for themselves. But something holds them back. Often what holds them back are many of the myths about starting a business. Fortunately, many of these myths about how hard it is to start a business aren’t true.
One deep misconception that people have is that to start your own business you need to be someone special. Maybe you need to have been born as an entrepreneur, perhaps launching a lemonade stand before going to kindergarten, or selling off family possessions at a big yard sale when your parents first left you at home alone, or starting to assemble and sell your own computers while still in college.…
Ideally, you want to have your business finance organized from the start. It is the easiest way to maintain control over the business itself while keeping expenses in check. You also have plenty of information to work with when you do business accounting correctly, including whether the business is growing. These details are crucial for decision making.
Unfortunately, not all businesses have the luxury of good accounting. If your business finances are in a mess, it is time to regain control and start organizing things properly.…
Fleet management was once an exceptionally difficult prospect for many reasons, especially before any sort of technology was added to the mix. When the wheel was first invented thousands of years ago, it introduced an entirely new method of handling large loads. A set of four wheels controlled by one man can easily transport much more than even 100 men could transport without the aid of wheels. There were other major developments during the life of the fleet management industry, but the advanced technology of the modern world has once again reshaped the fleet management industry.…
