Tweak Your Biz » Management

But you rank your colleagues? Cataloging, ranking, pigeon-holing fellow employees has a long tradition in the American workplace. Training Mag, Young Up-starts, and various other business publications have articles to explain and help managers implement an ABC ranking system to “drive mediocrity out of [their] organization, from the bottom up.” This system is fairly popular in larger companies, although the overall mindset of the management system has trickled down into how many employees…

Presented By Virgin Atlantic When people ask if you’re traveling for business or pleasure, tell them “both.” According to research by Virgin Atlantic, this is becoming more and more common, as nine out of ten Virgin Atlantic travelers mix pleasure into every business trip they take, and over half have extended a business trip to explore a new country. Life is an adventure, and you should take every opportunity you can to get out there and let it fly. When your job takes you to a new…

Are you a chronic micromanager? Stop showing your employees a lack of trust with these 10 tips. It’s a common mindset among owners. Your baby is your business, so you want to have your hand in as many tasks as possible to ensure everything runs smoothly. You watch over your team’s every move hoping that you’ll catch any missteps or mistakes before the customer sees. All this hand holding and watching over your employees shoulders is a drain – not just on you, but also on your…

Hype. Is there anything more common on the Internet? Especially when it comes to entrepreneurs striking it rich when they sell their businesses. Headlines such as: “How To Sell Your Business For A Million Dollars!” and “How To Sell Your Business For More Than It Is Worth” are common.  And perhaps that is to be expected when you consider newsworthy deals such as Facebook’s recent purchase of WhatsApp for $19 billion. Unfortunately, the conditions that justify that kind of…

Here’s a fascinating stat, the average person makes about 27 decisions each and every day. That means you’re asked to make a decision every single hour of every single day. And as a small business owner, you might be asked to make even more decisions on a regular basis. And some of those decisions could have a deep impact on your company’s reputation. That’s right,  even little tiny things that you do every single day could make it hard for your company to succeed in…

Hiring any position quickly generally means you’re not hiring the best. If your company’s hiring process is taking too long, but you don’t want to miss out on the best possible talent, it’s time to make some changes. Before you start the hiring process, think about exactly what you want and need from an employee before ever crafting the job description. The more clear your job description, the easier it will be to find the best employee for the job. Your business could spend an average…

Running your own business can be a very rewarding challenge, however do note the word “challenge”. Managing the day to day operations of your business is a full on task. Naturally, you want the phone to be ringing off the hook with business enquiries, however if it does, are you equipped to take all of the calls and land new business while attending to all of your other management activities too? More often than not, you’ll find that you aren’t. However, not to worry help is at hand!…

When starting a new business, you cannot hide the excitement since it’s a big venture. But the last thing you want to focus on is its failure. It’s always sad to see or hear a small businesses failing, but when they abruptly close down within a year or perhaps two of opening, it’s even worse. When this happens, it’s for the same reason; someone has started the wrong business in the wrong place at the wrong time. Therefore, you need to be extra careful with how you set up…

Every business owner wants to know what their company is worth. Whether you’re looking to sell, on the hunt for a business loan or simply curious – it’s only natural. The problem is, trying to suss out just how much your company is worth can be pretty tricky. Most company valuations are incredibly subjective, because different aspects of your corporate structure are inherently going to vary in importance to different investors. That said, almost all valuations revolve around the tangible…

The hiring process can often be arduous and time consuming. Not only is it vital that you recruit someone who is capable of fulfilling the job role, you also need to find a potential employee that you can really trust. There is only so much that you can learn about someone from their CV and interview skills, so how can you be sure that you are hiring the right person? A DBS check is one way to be sure. A DBS (Disclosure and Barring Service) check, in essence, is a clearing process designed to…