Small business owner

Share to Twitter Share to Linkedin How can small business owners set themselves up to avoid burnout? originally appeared on Quora : the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Charlene Walters, PhD, Business Mentor, Consultant, Corporate Trainer & Author, on Quora : It is very common for entrepreneurs to experience burnout, particularly solopreneurs who are doing everything all by themselves. I’ve had many clients come to me as they neared that point. When it comes to burnout, however, half of the battle is just being aware of its prevalence and actively trying to protect oneself from it. To that end, here are some of the actions that I recommend business owners take to prevent burnout: Guarding their schedules. The most successful entrepreneurs focus on productivity and maximizing their time. Therefore, they are clever in terms of their … [Read more...] about How Small Business Owners Can Avoid Burnout

Share to Twitter Share to Linkedin Manuel O. Méndez, Chief Executive Officer of Quotient Limited . Each of us has the power to make a positive impact on the lives of others. When I was learning about value-creation strategies at the beginning of my postgraduate studies, I found myself thinking about how every interaction—be it with colleagues, family, mentors or even members within our wider community—is a value-creation exercise. But what is value creation? The concept in business 101 is simple: It’s a process that turns resources into something that meets the needs of others. Amazingly, I was lucky enough to not only learn about this concept in theory but could also witness it in practice from some of my mentors. My father was the first person in my life who projected an air of inspiration that I quickly picked up on. He inspired me to think big and help others do the same along the way. I also met someone early on in my career who was the … [Read more...] about Four Sure-Fire Ways To Become A Value Creator In Your Business Or Community

Share to Twitter Share to Linkedin Ryan Brennan, Managing Director, Advantage Capital . As the post-pandemic economy navigates its ongoing downturn, the road to financial well-being and realizing wealth creation begins with a concerted effort around growing local small businesses. Entrepreneurs and business owners help create the jobs required to uplift areas in need of more economic opportunity. But those overlooked and underserved areas also require access to capital to produce the positive impact that can course-correct a lackluster economy. The impact of accessible capital doesn’t stop at the storefront —it can have a ripple effect of strengthening surrounding communities. The Business Opportunity In Rural And Economically Challenged Urban Areas For undercapitalized parts of the country—the regions where, all too often, lenders and investors have been less likely to support small businesses—a double-bottom line approach to investing may be … [Read more...] about How Incentives Help Ensure Investments Reach The Right Areas

Share to Twitter Share to Linkedin Yura Lazebnikov, an investor, entrepreneur and expert in technology industries, IT and esports. The Managing Partner of TECHIIA Holding. Interactions between a startup and a corporation can speed up the development of both. I've found it can also harm a startup. I want to remind young teams to consider the perspective of corporations. You need to choose the right way to interact to boost your product and avoid worst-case scenarios. For the purposes of this article, a startup is a tech company with an innovative product, at least a few customers and revenue. It offers a fundamentally new solution to a problem. Often, startups have ten to twenty mobile and flexible employees. A person with a laptop working from coffee shops may well be the founder of such a company. Sometimes a startup is also a group of students who write code for some application in their spare time. I am not discussing this case here. Until … [Read more...] about How Tech Startups And Corporations Can Avail Each Other

Share to Twitter Share to Linkedin Luke Battiloro is the founder of Vavoom Vodka, CEO of I Choose To Live, and a serial entrepreneur, neurohacker and genius brand creator. I have been approached by multiple investors interested in buying—or at the minimum, investing in—my brand Vavoom Vodka. “If you asked me a few years ago if I would have a company worth this much, I may have been hesitant to say yes,” I tell investors. Truth be told, this company has been my passion project. My goal was to empower women through the statuesque pose of the woman on the vodka bottle reaching overhead, which could be considered a power posture. While the overwhelming offers kept coming in, I had to think to myself, “Am I done with my dream of empowering women everywhere?” Here's how you can answer the question of whether it's time to sell your own business. Emotional And Psychological Signs I would say it's time to sell your company when you do not wake … [Read more...] about What To Consider If You’re Thinking About Selling Your Company

Share to Twitter Share to Linkedin Active listening is a skill that needs to be cultivated to be an effective leader, and often, employees can be your best source of inspiration for this. They know the day-to-day concerns of the company and can offer unique, valuable insights and perspectives. However, leaders tend to be pulled in many different directions each day. They often feel they need to make quick, executive decisions without consulting others, sometimes to the detriment of the business. Here, a panel of Forbes Business Council members share their best tips for managers who want to improve their active listening skills to create a more comfortable, successful business environment. 1. Follow Up On Feedback Aside from common active listening practices such as paying attention to nonverbal cues and uninterrupted communication, it all comes down to action. An employee is only ever truly heard when their thoughts are put to practical use and … [Read more...] about 15 Key Tips For Developing Active Listening Skills As A Leader

Share to Twitter Share to Linkedin Zac Cohen is the COO at Trulioo , a leading global identity verification company. Economic uncertainty, geopolitical unrest and a rising tide of online fraud and identity theft have created a wary global customer base. Today, people want the companies they engage with online to take security seriously . It’s critical that payment companies recognize that shift in consumer sentiment and provide the reassurance and security consumers crave. In my experience as chief operating officer at an identity verification company, I’ve seen firsthand how important it is for companies to build trust with customers and how it serves as a differentiator, particularly in competitive industries. Building trust starts with quickly adjusting to customers’ shifting expectations and showing them with every interaction that their online safety is the top priority. Consumers value security first. The surge in online activity … [Read more...] about How Payment Companies Can Reassure A Wary Customer Base

Share to Twitter Share to Linkedin Eugene Varricchio, CEO, Franki Global Inc. “All money is a matter of belief.” – Adam Smith Trust has been the foundation of the business world for hundreds of years. No matter where or when we look, whenever someone believes their end of a bargain hasn't been kept, they stop doing business with them. Psychologists tell us that trust is the belief that someone will do what they say they’ll do. Economists have expanded on that , calling trust a kind of lubricant, freeing up markets by cutting transaction costs and fostering better cooperation between buyers and sellers. Lately, we’ve been hearing a lot about the “trust economy,” as if trust-based business was something new. For example, the World Economic Forum observed that business owners’ priorities were shifting. The pandemic has reminded companies that maintaining trust from customers, employees, regulators and the community is essential to … [Read more...] about Restaurant Challenges With First-Party Data–There Is A Simpler Way

Share to Twitter Share to Linkedin Stephen Sokoler, Founder & CEO of Journey . With the pandemic bringing about one of the biggest workplace transformations ever—including remote work, greater employee expectations and a passionate and polarizing social and political climate—understanding the evolving needs of today’s workforce is essential. In a climate of quiet quitting, burnout and turnover, the knee-jerk reaction is to hone in on the part of the workforce fringing on disaster. However, even with benefits like employee assistance programs (EAPs), therapy and medical plans in place, HR departments may still be scrambling to find ways to appease their troubled employees and retain the quality staff they have. It turns out that mental health challenges could be driving much of the concern. Spending on disease-related medical services increased the most for mental health services out of all evaluated services between 2016 and 2019, … [Read more...] about Three Proactive Measures Employers Can Take To Prioritize Employees’ Mental Health

Share to Twitter Share to Linkedin Anna Belova, Founder & CEO of DEVAR , a Phygital Company. Forbes Under 30. Tech Entrepreneur. Expert in AR and Metaverse. It is relentless and inevitable that our world will change. These changes can please us, scare us, inspire us and surprise us. But they will still happen no matter our reaction. For change is like the elements—that is, it's not subject to human will. Take books, for example. The earliest complete printed book was published in 868. Since then, more than a thousand years have passed, but the essence and purpose of books have not changed. Famous Argentine poet and novelist Jorge Luis Borges was convinced that "books will never disappear. It is impossible for it to happen. Of all man's diverse tools, undoubtedly the most astounding are his books." But is this statement true now in the era of the metaverse, digital realities and artificial intelligence? Let's try to find out. … [Read more...] about How Will The Metaverse Change The Publishing Market?