HOW SMALL BUSINESS TENANTS CAN BENEFIT FROM RENOVATION Renovation describes a series of planned changes and updates made to a facility where business is conducted. Office and building renovation is a common undertaking in today’s competitive business environment, as businesses endeavor to keep up with infrastructure needs (especially those sparked […]
THE ALTERNATIVE OFFICING TREND Hoteling is a form of “alternative officing” which allows employees who travel on business or work flexible hours to reserve desk space at the employer’s offices as needed, rather than maintaining a permanent work space there. This allows the employer to make more efficient use of […]
HOW LEVERAGED BUYOUTS CAN ENHANCE MANAGEMENT COMMITMENT IN SMALL BUSINESSES The term leveraged buyout (LBO) describes an acquisition or purchase of a company financed through substantial use of borrowed funds or debts. In fact, in a typical LBO, up to 90 percent of the purchase price may be funded with […]
SETTING UP A TEAM: SETTING GOALS What is your team for? The question may sound obvious, but time spent at the beginning of a project in defining team objectives is crucial to a successful outcome. Make sure that you have clearly established the issues that the team needs to resolve. […]
HOW TO ANALYZE TEAM ROLES In an effective team, each member knows their role thoroughly. While having their own strengths, they must also contribute to the “togetherness” of the team. It is the role of either team leader or senior manager to see that this happens. Assessing Leadership Qualities All […]
SETTING UP A TEAM: PROVIDING SUPPORT FOR A TEAM A degree of independence is essential in successful teamwork, but few teams are able to stand completely alone. Nurture good relations and support systems within your organization that satisfy both your team’s needs and corporate requirements. Providing Basic Support Most teams […]
HOW TO MATCH A TEAM TO TASK There are numerous types of team, formal and informal, each suited to fulfilling particular tasks. Team leaders need to understand the objectives and goals of their team clearly in order to match tasks to the most appropriate style of team. Formal Teams Formal […]
EFFECTS OF A SMOKE FREE ENVIRONMENT ON CUSTOMERS The term smoke free environment is sometimes used indiscriminately to discuss both 100 percent smoke free areas as well as ventilated ones. Truly smoke free environment in a business is one in which no smoking is allowed within any company building or […]
HOW RETAIL TRADE CAN BE A REWARDING ENTERPRISE FOR SMALL BUSINESS OWNERS Retailers are business firms engaged in offering goods and services directly to consumers. In most– but not all – cases, retail outlets are primarily concerned with selling, merchandise. Typically, such businesses sell individual units or small groupings of […]
AUTOMATION AND THE SMALL BUSINESS Understanding and making use of automation-oriented strategic alternatives is essential for manufacturing firms of all shapes and sizes. It is particularly important for smaller companies, which often enjoy inherent advantages in terms of operational nimbleness. But experts note that whatever your company’s size, automation of […]
