Tweak Your Biz » Management

Every business needs more sales in order to run in the market for a longer period of time and that is why every business (regardless of the size) has their marketing budgets that they invest on multiple places in order to attract their targeted audience and ideally convert them into paying customers. Internet marketing (also known as Digital Marketing) became really famous mainly for two reasons. One of the reasons is the less amount of investment needed for this platform and one can expect…

As technology continuously evolves and becomes more accessible, customers have become more informed and more demanding. This means that projects have also become more complex — and team management more difficult. While an astounding 97% of organizations believe project management is critical to business performance and organizational success, only fewer than a third of all projects actually reach completion on time and on budget over the past year. Effective leadership has different faces and…

As a small business owner, it’s likely that at some point you’ll begin managing employees. Managing employees is not innate, but rather it is a skill that is developed over time and with experience. However, there are some pitfalls you can avoid with awareness of how your behavior impacts the whole team — even if it is just you and one employee. Use your interpersonal skills to start the experience off on the right foot and amp up your management skills over time. Here are mistakes…

One common trait in small business owners/executives is that they are not afraid to get their hands dirty. If there is a technical problem, the office needs to be tidied or the finances need to be reviewed, they are hands-on kind of people. Take *Yvonne (not her real name) for example. She has built up her company from just herself to 20 employees and now her business is on the cusp of growing in a new market. Over the years, it has been customary for Yvonne to meet with clients and respond to…

Do you work with people who like to gossip?  It can be difficult to get your work done when your coworkers talk about other people. Here are 13 suggestions on how to do your job and handle gossip in the workplace Focus On Your Job: Your number one priority is to perform your job responsibilities to the best you can. Don’t worry about what your coworkers are doing at your place of employment. Make sure that you are able to do your job effectively and that your boss is happy with your…

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…