You can hire qualified employees who end up ineffective or inefficient if you fail to give them targets they would need to achieve. That takes us to the following fundamental question. What are Key Performance Indicators (KPIs)? A performance indicator or key performance indicator is a type of performance measurement. KPIs evaluate the success of …
When hiring people, you should employ staff who can achieve the goals you set out to grow your company. Once they are a part of your team, invest in them through motivation and creating a positive culture. What is Talent Management? Talent management encompasses everything involved in attracting, engaging, motivating, developing and retaining high-value employees. …
When you are starting a business, the main objective you have is to increase awareness and sales. The biggest mistake you have probably made is generalizing your goals and not making them measurable. This is where SMART objectives come in. You need to set SMART goals that are achievable and measurable and learn how to …
Starting a business can be pretty challenging but defining your ideal client is a crucial step. Finding your ideal client can help you better establish the products or services you want to sell. You always want to create products and services for specific people who are within your target audience. The more you can make …
Your Ideal Client Should Fit These 4 Requirements Read More »
Starting a business can be pretty challenging, especially when you’re unsure about where to start. You’ve probably thought of several great ideas you’d like to work on, but you don’t know how to execute them. Building a business requires a lot of work and planning; get started by ticking off the items from the following …
A Checklist Of Things To Start A Business in 2021 Read More »
Do you want to own a profitable business? That requires a solid business strategy. A strategy is a long term plan you create for your business to reach its desired outcome. To achieve goals, a company must have rules and objectives that consist of guiding principles or practices that define the actions people should take …
10 Questions To Create A Solid Business Strategy Read More »
Small businesses are often hesitant to hire new employees even when they need to expand their workforce. The true cost of hiring a new employee is more than just their salary so such decisions shouldn’t be taken lightly. In order to make your human resources investment worthwhile ask yourself some pertinent questions regarding your business. …
What Every Business Owner Needs to Know About the True Cost of Hiring an Employee Read More »
It’s hard to believe that Microsoft Excel is currently 35 years old! Excel was launched in 1985 as a user-friendly platform for businesses and individuals to help manage their data. Even though it is such a common tool today, many small businesses only utilize a small fraction of the amazing things it can do. We …
There are many considerations you need to take into account when you start a business. Things such as marketing, finding new clients, building websites, and possibly finding a brick and mortar location. But the most fundamental component that you need to give your utmost attention to is developing a good, solid business budget. What exactly …
You may know that tracking KPIs, or Key Performance Indicators, will help you to grow your small business. In spite of this, we’ve noticed that a lot of businesses aren’t tracking them. Those that do, often don’t know what to do with the information. That’s why we set out to demystify the process of tracking …
