Posts Tagged ‘Mistakes’
5 Red Flags to Look for on an Applicant’s Resume
If you are faced with a large pile of resumes for just a few open positions, it can be overwhelming. In such situations, it always helps to have some simple hints and tools that can lead you to quickly choose to keep or discard a candidate. In particular, a few red flags can prevent you…
Read More5 Signs a Potential Partner Could Hurt Your Business
Starting a business venture with a friend sounds like a great plan—what could go wrong? If they’ve been a loyal friend and a positive influence on your life, why wouldn’t they do the same for your business? While there are many successful tales of business partnerships that started out as friendships, you may be surprised…
Read MoreFire Fast, Not Last
Here is one that takes a real leap for a younger manager or CEO to believe. After hiring someone with all the attendant enthusiasm followed by the training and learning curve, if an employee shows signs of weakness in the job or problems dealing with contemporaries, it is the natural tendency for most of us…
Read MoreOne Local Pizza Restaurant’s Text Marketing Mistakes
It happened again. My local pizza restaurant made a text marketing mistake… and a number of them. It always drives me crazy when a company is using a technology like text message marketing… but does a half-assed job of the actual marketing. It’s like ordering a steak at a fancy restaurant, then only eating the…
Read MoreBeware These Pitfalls of Being a Young Entrepreneur
How old were you when you started your first business? Warren Buffett started off with pinball machines in barber shops as a young man. Great entrepreneurs often have lofty ideas and goals at a very young age, and while Millennials are mostly choosing to skip entrepreneurship Gen Z is going after their dreams with a…
Read More7 Common But Vital Tips to Becoming the Perfect Business Leader
Many of today’s startups were developed by young entrepreneurs with entrenched invincibility. They excel in technology and innovation, but lack leadership ability. There are many strategies to help with effectively leading an organization, but leadership starts from within. Below are some tips for increasing leadership abilities. Scrutinize Data before Deciding Leaders are required to make…
Read MoreThe Biggest Reason You’re Losing Talented Employees
When you hire someone new, you invest a lot of time and money up front. In fact, The Society for Human Resource Management estimates the cost of each new hire is more than $4,000 for the average business. Plus, once you’ve found a great new employee and integrated them into the team, they become a…
Read More4 Mistakes to Avoid in Your Social Media Strategy
Social media has radically transformed the way communication works in all aspects of life, especially in the workplace. If you’re running a business, opting out is not an option. Effective social media use is an indispensable tool for building a customer base, so if you aren’t using social media strategically and consistently, you’re already behind…
Read More10 Most Common High Tech Business Plan Fails
I was asked about high-tech business plan fails on Quora recently. So this isn’t about lean plans for all business owners, but just the business plans submitted for angel investment and business plan competitions. I read about 100 of those business plans per year. So here’s my list of high-tech business plan fails: Naive profits. Drives me…
Read MoreHaste Makes Waste, but to Lag is to Sag
Let’s examine the relationship between time, quality and competitiveness. If you are getting the impression from these many insights that complex relationships cause simple problems, you are right. We have heard the “haste makes waste” ditty since childhood. There is little need to reinforce the obvious. On a larger scale, there are epoch stories of…
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