Overcoming Obstacles for Business Turnaround — 13 Steps
For a successful turnaround of financially troubled businesses, there are usually two obstacles to overcome. They include the ego of the business owner or CEO, and poor advice by the lawyers. It’s difficult for a business owner or CEO to accept the need for a turnaround specialist. Most often, they’re in denial about the [...]
[Read more...]First Step in Fighting Lawsuit Abuse – Risk Management
Nov. 20, 2011 (corrects amount of compensatory damages in lawsuit) Published reports on two southern California media Web sites illustrate the polarizing effects of laws affecting business. The first article in Signon San Diego, Businesses fight ‘abusive’ lawsuits, explains the fears and concerns of many small businesses. Written by Tanya Mannes, it describes how a [...]
[Read more...]5 Free Tools to Operate, Market Your Business
Are you on a really tight budget, but need to run and market your business? Ordinarily, I’m big on appearances – creating professional first impressions. But some free tools can suffice well. Whether you’re a startup or established company needing services that work well but your budget is tight, you might wish to consider [...]
[Read more...]Why Companies are Falling into the Management Lawsuit Trap
News headlines continue to show there are a myriad of ways managers set themselves for lawsuits. Small and Many Big Companies Are Ripe for EEOC Complaints. In 2011, AT&T was forced to settle an age-bias lawsuit. Capri Home Care was sued for alleged pregnancy discrimination. American Laser Centers settled an EEOC lawsuit over sexual [...]
[Read more...]Study: Why Lean Manufacturing Principles Often Don’t Work
Many businesses love cutting waste and costs for profits by using lean manufacturing principles, but many global manufacturers aren’t getting lean results, according to a 2011 study by the consulting firm, AlixPartners in New York. The companies used the popular Six Sigma, Kaizen and Value Stream Mapping. The industries were principally aerospace, automotive, consumer products, chemicals, electronics [...]
[Read more...]15 HR Strategies to Improve Your Business Performance
Studies show many employees are dissatisfied in their workplaces. Employee dissatisfaction, of course, will adversely affect a company’s performance. In fact, a 2010 Hewitt Associates study indicated employee engagement is at an historical low – well, at least since the firm began researching the issue in the mid-1990s. A lack of employee engagement means: [...]
[Read more...]20 Tell-Tale Signs – If You’re Under-Performing as a Manager
Whether new or experienced, managers can often struggle. Poor management, of course, leads to poor performance. As red flags, under-performing managers share one of two common traits with ineffective employees. Such managers aren’t fully aware of their shortcomings. Even if they are aware of deficiencies, they’re afraid to admit it. Either way, nothing is [...]
[Read more...]25 Best Practices for Better Business Writing
If you want to accelerate your career or turbo-charge your business, one of your priorities should be good communication. A lack of writing skills will hold you back in the big leagues. Good writing is necessary in a myriad of ways, including letters, advertising copy and presentations. In my experience to avoid the most-common [...]
[Read more...]Management Best-Practices Include Solid Operations Checklists
Are you concerned about profits? Would you like for your business to be in a class of its own? Not to oversimplify, obstacles to profits result from two basic barriers: External and/or internal challenges.
[Read more...]How to Get Great Service from Dysfunctional Vendors
How successful are you in getting top service from your vendors and strategic partners? Do you ever feel like a doormat? Here’s what to do.
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