Tweak Your Biz » Management

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…

You cannont deny that call centers can skyrocket sales. That is a given. It is the reason why so many companies use them. The problem is that it is quite difficult to set up a call center that works really well. That is especially true in the event that you outsource, since the actual company would have business hours that are different than those you operate in. English problems can also appear in various cases. What is really interesting is that just a couple of years ago small companies…

Adding new tools to the toolbox doesn’t mean the old classics are useless; you will find that your hammer and screwdriver remain useful even if you buy a new drill or LED flashlight. Newer technology doesn’t always push aside the tried and true tools of the trade. In the same way, new online networking methods are valuable, but don’t cancel out most of the traditional offline networking methods. In-person networking opportunities help develop opportunistic professional…

A 20% chance of success…would you take that bet? Only 2 out of 10 new businesses survive the first 18 months. With odds like these, it’s a wonder that anyone even tries to start a business. What those statistics don’t tell you is what caused these businesses to fail in the first place. Was it poor management? Lack of clients? Ineffective marketing? Or was their entire business model flawed? With a million different variables, we can’t really determine why each business fails. Each…

Wise business owners quickly realize that there is only so much they can accomplish in a day. That moment is the time to decide what you are best at and what tasks someone else could perform. The goal is to delegate common tasks so that you can focus on growing your company. The question is: who do you delegate those tasks to when you own a small business? You have two basic choices: an employee or a freelancer. It may seem as though an employee and a freelancer are the same things. The…

It is easy to write about the complexity in the business environment and how that has an impact on decision making. Several economic and business researchers have argued that the pace of business has been increasing in speed and complexity since the late 80s and early 90s. This complexity and quickened pace may speed up the decision making process to some extent and produce circumstances where rational thought is not enough. Call it intuition, a gut feeling, educational guesses or what have you…

Keeping up productivity throughout the work day is no easy task. Not only is it pretty difficult to keep concentrating from 9am to 5pm, but there’s loads more distractions ready to fill any lapse in work. You might try some techniques such as hiding your phone away or blocking Facebook on your computer, but in fact, getting away from your desk might just save the day. Getting exercise Being sat at your desk for hours on end isn’t healthy, but that’s not exactly news. We know that…

I spent a great deal of 2014 writing and talking about best practices for entrepreneurs, marketing and startup creation. We explored the cult like following of Game of Thrones, asked how companies can leverage intrepreneurs, compared your entrepreneurial mindset to Jay Z and Benjamin Franklin, and debated the topic of entrepreneurship education in a 3 part series for Forbes and TweakYourBiz.com. We also discussed motivational factors for entrepreneurial, best practices for crowed sourcing and…