An Online Publication by Generational Equity
Finding ways to reward non-family executives in a family-owned business can be one of the biggest challenges faced by owners of a small- to mid-sized firm. However, it’s imperative for the health of your business that you retain top performers, especially as your growth demands you hire talent outside the family.
What can you do to keep your best employees motivated and acting like owners even if you can’t share ownership? [Read more…]
Any guesses on what makes a business owner frightening? Do you picture a drill sergeant that’s constantly berating the staff? Or possibly someone who doesn’t communicate at all. Maybe the worst type of business owner is one that micromanages every single little thing.
While all of these are undesirable traits in a boss, they do not make up the scariest type of business owner. [Read more…]
Family businesses account for 90 percent of all businesses in the U.S., both large and small in size, according the Small Business Administration. Needless to say, many Americans work in an environment with family dynamics.
If you are the owner of a family business, then you know that a special set of challenges can accompany running it. We discuss a few problems today and provide suggestions to resolve them. [Read more…]
One key to growing your business and motivating employees is understanding what truly motivates your staff. If you are like most managers, the first thing you’ll say that people want is money. This is undeniably true—that’s the whole point of working. People need money to live. But in the long term, does money truly motivate all employees (other than 100% commissioned sales people)?
Before one of your employees can take home money, they first have to do their job. As their manager, you’d like them to do the best job they can, being as efficient and innovative as possible (and avoiding procrastination as well).
In order to make sure your employees are properly motivated, you first have to take a look in the mirror because that’s where it starts. [Read more…]
When I saw a Cubes video featuring the Bloomberg office where a friend of mine works, the first thing I did was send her a tweet telling her how spoiled she was for working in such a swanky office.
While having an office with unique architecture and fixtures is nice, having a functional one is even better (not that Bloomberg’s office isn’t functional—I’ve never looked into that). If you’re looking for a more efficient office that better meets your needs, here is a checklist of things you need to consider. [Read more…]