Tweak Your Biz » Management

Want to sell your business? What a stupid question – of course you do. Every business owner dreams of the day they can cash out. Unfortunately, one survey after another has shown that most small businesses put up for sale never get sold. To give you an idea of the odds, most business brokers operate on the assumption that they will need to list 5-6 businesses for sale in order to earn one commission There is an entire industry of attorneys, CPAs, brokers and M&A advisors who help…

I have been self-employed for 4 years. This post will outline 25 things categorised into 10 major areas that I consider to be ‘Positive Assets’ for my business as I have decided to base my operations from home. I often joke that the job is based in the car, but I do try to be at home 2 if not 3 days a week. Working in reverse order of ultimate importance to my business, but listed in terms of easiest to tackle first: A definite space I have placed two small desks and an ergonomic chair…

The recent news of Sprint ousting its CEO, who has served in that role since 2007, is yet another sad step in the long saga of the Sprint Nextel merger of late 2004, where the CEO at that time made a disastrous mistake in priority setting. He ignored the short and long term needs of the merged company’s customers and focused exclusively on short term Wall Street demands. Here is the story in more detail, as described in BusinessWeek: When the Sprint Nextel merger was announced in late 2004,…

Many B2Bs find that they can’t rely only on bank transfers and paper checks for payments anymore; more and more they look to accept credit cards. Doing so increases the complexity of accounting, adds additional vendors, and increases costs. Yet as long as there are business customers who prefer using credit cards, the companies that serve them will find it valuable to add this payment option. So let’s look at 10 things B2Bs need to know about processing credit card payments: Credit card…

Events whether big or small need to be created, planned and guided effectively for their organized execution. This process of planning and managing events is known as event management. So many things need to be considered for planning and organizing an event. An event has to be managed within limited time and budget. Improved communication is needed among team members. They have to be assigned various tasks. Progress made at their tasks has to be monitored. Members need to be updated about…

Whether you realize it or not, there’s a good chance your employees spend part of their workday playing games. Whether it’s chess with a computer opponent or “Words With Friends” against their online pals, humans are inherently drawn to competition. We’re hardwired to play and love the instant gratification that comes with earning points and rewards. For a generation that grew up playing digital games, adding gamification elements to the workplace can make even mundane tasks…

Let’s quickly clarify a few things before we get into the nitty gritty of international marketing and global marketing. Both terms sound similar, right? And the word ‘global,’ in a way, correlates with ‘international,’ right? But the correct answer is ‘no’. They are not analogous. According to the Oxford University Press, global marketing means a company adopts the same promotional tactics across the world – think of Wal-Mart or Nike.  In global marketing, the business thinks…

In my capacity as Relationship and Sales Director for The Ahain Group I ask myself this question all the time. Where does “Social” feature in C-Suite Executives or Owner Managers overall business strategies. Do they understand the difference between Social Media and Social Business? Can they differentiate between them? Largely the answer is NO! More business management understand the need to follow their customers online but they do not think through their business objectives for…

Do you find yourself going to business meetings without any results? It can be frustrating to go to a meeting and get nothing accomplished. A company wastes valuable time and money in conducting business meetings that do not get any results. Here are 11 suggestions on how to get the most out of your business gatherings. #1. What Do You Want Accomplished? It is important to know why you are scheduling a business meeting. Write down a list of goals you want accomplished before your meeting and…

Organizational learning can be most effectively defined as the continuous process that improves the organization’s ability to respond to internal and external changes. As a result of the improved ability to respond, make sense of, and accept these changes, organizational learning is much more than the knowledge and information of the employees. Organizational learning calls for the group interpretation and procedural integration of new information, which leads to a group initiative and…