As a chief executive officer, meeting your business goals might involve one set of priorities. However, your employees may be looking for very different motivating factors. You should concentrate on celebrating those ways in which your staff members help you to raise productivity, increase sales, and obtain awards and positive press for your company.
Welcoming spontaneous thoughts is just half of the equation. Keeping a running list of these impressions can pay huge dividends. A small notebook works well for tracking these flickers of insight, though digital options, such as a list-generating app or a spreadsheet, get the job done, too. Or you could simply use the Notes app on your smartphone. Either way, don’t wait too long after you have the idea to record it—when it’s fresh in your mind, you’re usually able to articulate it better.
Risk management is often thought of as the mitigation of uncertainty in the market, including aspects such as consumer behavior and the response of competitors. While entrepreneurs should clearly strive to prevent or avoid certain risks, they should also remember that some risk is inevitable, necessary, and—when well-managed—beneficial in the long run.
To help you avoid some of the most common mistakes, we asked 15 experts of Forbes Coaches Council to share some areas where they frequently see new business owners stumble. With their insights, you may be able to navigate around some of the entrepreneurial pitfalls you’re likely to encounter.
On Dec. 11, 2001, China became a member of the World Trade Organization (WTO). This would have been impossible without U.S. support. In retrospect, it was one of the worst decisions we ever made.
Networking puts you in close contact with people at all levels of the business, technology, and financial worlds. If you make it a habit to attend roundtables and events, and to contribute with your own time and talents to group functions, you’ll find yourself increasingly noticed. This is a great way to build your reputation as a thought leader in your particular industry.
Being an entrepreneur can be scary. But it can also be one of the most rewarding things you ever do—not only for yourself, but for your community and our society. Entrepreneurs have revolutionized the way the world lives. With SMART goal-setting, you can do the same thing.
“Engagement” refers to an employee’s emotional connection with a company, as well as his or her personal alignment with its goals.
Benjamin Franklin was a prolific and highly quotable writer, and one of the best-known and best-loved of all the Founding Fathers, he was renowned for the wit of his expression, his learning, and his sagacity.