When it comes to corporate buzzwords, “operational efficiency” tends to land at or near the top of the list. But unlike other trendy phrases that are more sizzle than substance, this is one that can actually make a meaningful and measurable impact on your business. The thought of instituting wholesale changes to make the business
Owning and operating a business is a lot like riding a roller coaster in that the experience is filled with ups and downs and twists and turns from beginning to end. While the terminology used to describe the phases sometimes differs, most business analysts agree that a business cycle generally encompasses four distinct segments. The
In more ways than we can count, the world was a different place one year ago today than it is right now. This time last year, workplaces were bustling. Free Pizza Fridays, on-site gyms, and ping pong and shuffleboard tables were the types of amenities that small- to medium-sized onsite businesses touted during employee recruiting
One of the most interesting things that has happened during the COVID-19 pandemic has been that companies all over the world have just discovered that yes, their teams really can work remotely and, yes, many of them are more productive than ever before. Why are many teams more productive remotely? Lots of reasons – but
All successful growing organizations have one thing in common – effective leadership. Great leaders are visionaries and strategic thinkers that have the long-term success of their businesses in mind. Think about the leaders you have in your organization. Do they have the qualities it takes to become an effective leader? Do they work well with
Is your business struggling? Statistics from the U.S. Department of Labor shows that on average, of 400,000 new businesses started each year in the United States, 50 percent will fail within 5 years, and only about a third make it past the 10-year mark. With statistics like these, growing your business can be a risky
For many teams, it comes down to a lack of trust. Leaders often find it hard to trust their staff and let go of responsibilities as their business grows. In turn, 63 percent of employees report a lack of trust in their company’s leader…
by Eunice Joshua Clarke (published in LinkedIn Pulse May 11, 2015) Running a business can be complicated. In 2013 when I first started my company The Executive Advantage Virtual, I was very familiar with starting a business, but not very familiar with the virtual office administrative services industry. At that point in my career, I already
The components of a business are many and can be very hard to manage. It’s not necessarily challenging because you don’t know how to get your company started – which includes choosing a company name, registering it (DBA), creating your brand material (i.e., business cards, logo, mission statement), getting office tools (equipment, software, etc.), and
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