Tweak Your Biz » Management

The purpose of this post about social media risks is to help you manage social media effectively in your business. Don’t let legal issues with social media ever be a reason not to use it if it is something that would benefit your business. But do identify the risks and manage them to acceptable levels beforehand.  There are few guarantees in life but I can guarantee you that it will be far more costly to deal with these types of problems after they arise than to take some simple steps to…

There is a dilemma small business owners face when they cannot move to the next stage of their own growth. This tension between where a small business owner wants to be and the health of the business is often based on limitations of such as financial, staffing and leadership. So, when is your small business not ready for you to be CEO? And how do you prepare it so it is ready? There is what you want to be and then there is what you have to be. One of my clients knows he would be a great…

The concept of an office has changed dramatically in the past eight years. In the early 2000s most small businesses could count on their employees spending their days within the physical walls of an office, but even then things were starting to change. New internet-based tools allowed employees to perform tasks without being physically present in the office. In 2005 remote employment reached a tipping point, according to these Telecommuting Statistics from Global Workplace Analytics. Since…

A new business is easier to start in modern times relative to ten or twenty years ago. Startups are becoming an engine for economic growth across the world. But there is a problem. Startups firstly consume a lot of resources – time and money. And most startups (products) fail. Ash Maurya’s book ‘Running Lean‘ will help you to manage the biggest challenge facing any startup –  to avoid product failure.  Eric Ries, author of The Lean Startup praises Running Lean…

When a person realizes that they have a particular strength or have accomplished a particular feat, it is a natural tendency for them to look for ways to put that talent or experience to work.  Unfortunately, often that tendency causes them to try to tackle all challenges with that skill/experience leading to a disaster.  Remember the old cliché “If you have a hammer, everything looks like a nail!”  Let’s take a look at some examples. Henrik Fisker Henrik Fisker prides himself in…

Running a small business means that eventually you will need the services of an attorney. While you may not be able to afford a lawyer on retainer, getting to know a good business law attorney can make life easier. There are many things that you can do on your own without an attorney. Naming your business, forming the structure of your business, creating NDAs, and filing other paperwork that is pertinent to the formation of your small company does not require a lawyer.   There are some…

Many employees (not to mention small business owners) consider HR as a last resort for conflict resolution, and nothing more. But the truth is, a company’s human resources department can provide employees with information and help for a range of issues – not just problems with management or co-workers. Here are a few times when workers should seek out their company’s HR department, lessening the chances for a conflict that can be bad for both the employee and the…

A common statutory requirement around the world for setting up a company is to have at least one director.  To fulfill this requirement, many entrepreneurs turn to nominee directors, who act as company director but in a passive role. Here are a few reasons to highlight the benefits of engaging the services of a nominee director for your next offshore company. Investor privacy Nominee directors are a huge boon for investor privacy. Many jurisdictions require the personal details of the company…

Quick question – “What is the most important quality Venture Capitalist look for when investing in a start-up?” Did you answer business model, idea or innovation? You are wrong. If you answered team members you are close, but not quite there. The most important quality any start-up needs to have is the founders’ ability to execute and develop the idea into a successful business. You see, developing a successful business from an idea is like running a marathon. You can start…

This post originally appeared on Niall Devitt’s blog, Niall is a regular contributor to Tweak Your Biz. The IT sector in Ireland is booming. The world’s largest and most successful companies are located here and our local Technology companies are succeeding on the international stage. There are lots of available IT roles for the right people. Yet, emigration from Ireland continues at unprecedented recent levels.  Why is Ireland successful in attracting IT companies? Some of the…