It was 2010, I was running a large mobile communication technology organization with over 500+ staff members in multinational offices in the US, Asia, and Europe. I knew I wanted more out of my corporate job than it could truly offer. The 2008 economic collapse turned the technology sector of corporate America upside down. Budget and staff cuts were ways of survival while increasingly more demand for better features and more products. It felt like at the executive level your primary role was
| Business Growth, Employee Satisfaction, Business
We know that employee motivation plays a large role in company success. In fact, recent research has found that a strong positive relationship exists between employee motivation and organizational productivity, consistent in a wide variety of business types spread across several different countries. Knowing how to motivate your team can go a long way in improving the efficiency of your entire business. Here are five ways to develop stronger motivation in your team members:
| Budgets, Finance, Data, Business Growth, Organization, Business
Business owners know you need to spend money to make money. Being wise about your investments, though, is a key aspect of maximizing your ROI and helping your business grow. Fortunately, you can take several steps to effectively budgeting and spending your money.
Most managers know that happier employees are more productive. A wide body of research supports this point. In fact, one recent study found that happy employees are 20% more productive than those that are unhappy. In sales, happiness tends to have an even greater effect, with satisfied employees achieving nearly 40% more sales. It seems clear that satisfied employees are naturally more motivated and this turns into desirable business outcomes. If you suspect that your employees are unhappy,
Small business owners typically work on small profit margins and have modest budgets. This is why they tend to control their spending fiercely to protect their bottom line. It’s essential to keep track of a budget and not spend outside your scope, but allocating budgets to certain things can actually help grow your business. Learn how spending money can help you develop a speedy return on investment and help your business succeed.
| Business Growth, Data, Networking
Building your business the old fashioned way, through word of mouth, foot on pavement, networking and building lifelong business relationships has always been and will always be the best way.
| Business Growth, Business Coach, Organization, Accountability, Priorities
Let’s face it - everyone struggles with procrastination, from high school students to top-level executives. Some procrastinate simply out of a lack of desire to work or a deep resentment towards deadlines. For others, putting things off until the last minute helps them work harder because they are motivated by the short amount of time left they have to accomplish a task. There are many reasons why people procrastinate but, whatever your reason is, it is important to work past the urge to put
“Be Data Driven” - that’s what my professor in business school would drum in to us. He would say “because data changes behavior!” He was right of course, he’d had a long career consulting with many businesses and had seen the proof.
To solve the issue your company is facing, you first need to understand the origin of the problem. It can be difficult to identify whether it is an issue related to your industry or related specifically to how you are operating your business. It is important to take a step back and analyze the problems you are having so that you can determine what is holding your business back from thriving.