Small business strategy

Share to Twitter Share to Linkedin Here are five things in technology that happened this past week and how they affect your business. Did you miss them? 1 - A foldable iPad could arrive as early as next year, according to an Apple analyst. According to a supply chain analyst, Apple could potentially develop a foldable iPad as soon as 2024. The release of the foldable model is expected to improve shipments and product variety. The same analyst also predicts that the foldable iPad will be released alongside an improved iPad Mini, with Apple potentially starting production for that model early next year. (Source: The Verge ) Why this is important for your business: Foldable devices aren’t new – Samsung has been selling these for a few years. But a foldable iPad could be a big seller and also open the door to an avalanche of similar products. These devices will save space and could be very helpful for remote employees or people on the road. … [Read more...] about Apple Could Release A Foldable iPad Next Year…And Other Small Business Tech News This Week

Share to Twitter Share to Linkedin Having worked with prospective business buyers and sellers for more than thirty years, one of the most frequent complaints I hear is about business brokers. It is common for buyers to bemoan the theory that business brokers do not respond to inquiries, they want an offer in place before they provide meaningful information, the add-backs that they propose do not make sense, and on and on the list goes. Yes, indeed it is true that many brokers are guilty of these infractions, but certainly not all. More importantly what I have learned is that buyers play an equal role, if not greater in the deficiencies of the business buying process. Understanding Their Role Business brokers do not represent buyers; unless they have been engaged and are being paid by them. They represent the seller or the deal. They are not your advisor. Their role is to provide information, answer questions, act as a buffer between the parties, and … [Read more...] about Business Buyers – Stop Complaining About Brokers

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 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 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?

Share to Twitter Share to Linkedin Professor of IO Psychology. CEO of fitt , a multi-method digital talent platform. In my work leading talent assessments, one of the most frequent questions I get asked by organizations is, "What role does personality play in job success?" Whether I am conducting talent reviews for succession planning in a corporate environment, advising a company on a hiring decision or giving feedback coaching for leadership development, there is always a keen interest in understanding the personality makeup of a candidate and whether or not this will have an impact on performance in a role. At the risk of giving the standard psychologist rendition of “there is no right or wrong answer,” the honest response is: It depends. Personality assessment in work settings is nothing new. Used first by the military to gauge the battle readiness of soldiers, tools have evolved over time, become more sophisticated and branched into … [Read more...] about Personality And Job Success: How To Separate The Method From The Madness

Share to Twitter Share to Linkedin Mike is the Co-Founder and CEO of Dealpath , a cloud-based software platform for commercial real estate investment and development teams. Investors who want to compete in the new real estate game are approaching business with a new framework—one that gives them speed, foresight and agility. Nearly every week we read about institutional investors like Brookfield, Starwood or Blackstone acquiring another big real estate portfolio or raising a new multi-billion dollar fund. They’ve enhanced the way they do business to adapt to the times—operating at scale with speed and precision despite market volatility. They’re playing what I think of as the new real estate game. Major companies have learned to cut through the " noise " by using data to focus on what the real estate market is telling them. Thanks to a new landscape of proptech, data is now easier to gather, collaborate around and draw insights from than it … [Read more...] about The New Real Estate Game: A Future-Ready Framework For CRE Investment