It's easy to understand why entrepreneurs start multiple businesses. Taking risks and innovating are in their blood. However, even the savviest entrepreneur is human, and we can only focus our energy and resources in so many directions before our cash flow takes a hit. Let's explore some tips for getting promising new enterprises off the ground while keeping a watchful eye on the business that currently earns you...

In today’s rapidly changing business world, an agile business is a successful business. But how do you know when the best thing for the project is to change the plan, and how can you execute and communicate changes without destroying team motivation and momentum? The following three strategies may prove helpful. Agility Strategy #1: Create and Challenge Assumptions Any major strategic initiative should involve t...

What good is performance feedback if it occurs in isolation? It's just like the saying: 'If a tree falls in the woods...' “This is where it’s important to have a system that enables a company to join up performance feedback simply and in one place, where they can get a quick view of everything,” says Cheryl Johnson, chief human resources offer at payroll company Paylocity. Paylocity uses a propri...

Designing an effective onboarding experience requires some trial and error, and you can hone your approach by asking new hires some specific questions at each phase of the onboarding journey. Although new hires are usually ramped up to productivity quickly, taking time out to address these questions will provide valuable information, a sense of investment and caring, and the perception that continuous feedback is respected...

In the business world, women haven't always had it easy. Until the end of the 20th century, it was uncommon for women to work at all. And even once we entered the hallowed halls of American companies, we struggled with unconscious bias and pay disparities. Fortunately, though, 21st-century business innovation is benefiting women in an unprecedented fashion. Let's explore a few recent innovations that have changed wo...

Supply chain management is evolving right alongside technology and the growing needs of a global marketplace. Take a look at the changes businesses can expect to see in the next decade, and how it may affect your supply chain strategy. There's a significant amount of change taking place in business today, and it requires owners to avoid disruption to their supply chain strategy. Supply chain management plans will ne...

The overall financial health of the global economy, as well as the resources we have available to make intelligent projections, will greatly impact business success in 2019. Let's have a look at two of the major market trends to expect this year. Continuing Stock Market Volatility We enter 2019 with the financial sector in a bear market. (A bear market is an economy in which security prices drop 20 percent or more...

While many fear digital automation, more software arrives every day that saves business owners a great deal of money year by lowering costs and increasing productivity and efficiency. Let's look at a few business-related areas in which digital automation can help make your life easier. Recruitment Need to hire staff? Predictive analytics is transforming recruitment. Predictive analytics is deriving business in...

As a futurist, I often get asked to predict the business trends that organizations can afford to ignore, because, while they generate a lot of buzz, they are also likely to fizzle out. On the other hand, we must also pay attention to business innovations that are gathering such rapid strength that adoption is now essential. Let's look at a few. Blockchain A blockchain is a data structure that builds a digital ledg...

Stretch opportunities are all the rage in the workplace. But as popular as they are, it’s unclear why some people decide to accept a stretch assignment or role – and others step aside. It’s also unclear why women haven’t benefited from stretches as much as men. Selena Rezvani is Be Leaderly’s VP of consulting and research and a recognized speaker on women and leadership. She recently led Be...