Acknowledging Employees and Recognizing Achievement

Do you know the number one reason why people leave their job? Data shows recognition is the number one driver of employee engagement. When employees aren’t recognized for their hard work, they become dissatisfied and seek new opportunities. As such, employee recognition should always be a part of your company’s organizational culture. Continue reading

Employee Development in a Small Company

An investment in knowledge always pays the best interest.”―Benjamin Franklin. Employee Development isn’t only for large companies. It is vital for small companies seeking growth. The good news is that there are cost-effective ways to train employees. As with most things in business, employee development requires a solid plan to be effective. Continue reading

Important Metrics for Your Business

Every business should be actively tracking its progress. They should be measuring where the business is, relative to where it has come from and where is it going. Over time, this data will tell a story and guide your strategy. It’s important to understand what business metrics are most important to tell that story and how you need to collect the data to build them.

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Ways to Increase Profit for Your Business

Everyone hopes to make a business profit in the end, but few make it a measure of success. Profit is the positive financial gain your business makes. It is the difference after you’ve subtracted all your expenses from your revenue. Likewise, it is also the ability to grow your business in the future. Hence, business profit is more than making money.

Total sales minus total expenses are equal to business profit. The expenses include labor, materials, loan interests, and taxes. A company suffers a loss when the expenses are higher than the sales. And if a company suffers losses for too long, it can spell disaster.

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Why is Work-Life Balance Important for Business Owners?

Business owners understandably believe that working hard is the best route to success. Hard work comes in the form of busy schedules, wearing many hats and making important decisions. But excessive workloads can lead to health problems and stress. Find the right balance between their business and personal lives should be the goal of any business owner.

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