When you decide to start a business, you understand that things won’t always be favorable. There are instances when the economy gets tough and it adversely affects your company. If you feel worried about it, imagine how your employees feel. They might worry about losing their jobs. They also have difficulty making ends meet. Here’s
Having a vision is necessary to succeed as an entrepreneur. You can’t only rely on what’s in front of you. Sure, things are doing well right now. However, it doesn’t mean everything will stay the same. Unexpected circumstances might happen and your business will start falling apart. Consider the fall of Nokia, once a leader
Accepting a position in a different company is common among successful business leaders. They’ve proven their worth and they might receive tons of offers to lead another business. While it might seem like a walk in the park, it’s not. Some leaders are unable to transfer their success elsewhere. Here are some possible reasons. The
When you have office interns, their primary goal is to learn the industry. They’re probably on their last year in college or have just recently graduated. They want to know more about the job as they prepare for their respective careers. If you have interns, you’re lucky. They will add to your workforce and some
Upon reaching a certain age, an employee has to retire. After working for the same company for years, it’s time to let go. It’s not easy for them, but it needs to happen. Besides, there’s a new chapter in their lives waiting to happen. As the business leader, it’s your responsibility to provide a good
You’ve worked hard to be where you are now. You had sleepless nights to get things done and prove what you’re capable of. You’ve also led several projects and showed your leadership prowess. After years of trying, you’re finally in a managerial position. However, once you got there, you’ve realized that it might not be
While you don’t want to impose respect among your employees, you expect a cordial and professional relationship. It means that even if you disagree with your employees, you will still communicate well with them. You won’t end up screaming at each other. You also expect them to be somewhat fearful about raising their voices when
When there’s a new kid on the block, it’s easy to feel intimidated. You’ve worked hard to build your business from scratch. An upcoming company can reverse everything you’ve done and make you irrelevant. Before you feel that way, realize that competition is normal in any industry. Regardless of your chosen business, you will most
Letting go of an employee is the last thing you want to do. When you’ve decided to welcome someone into your family, you don’t want that person to be fired. It’s not only a loss for your team, but it can also have adverse effects on the employee. However, there are times when you have
If given the chance to be promoted to a higher position, many employees will grab the chance. Others might have even waited for the opportunity their entire career. However, it’s not as easy as it sounds if it involves relocation. They have to consider their family members. They also don’t want to be away from