Corporate governance is a set of rules and regulations, set by the management board about the organization’s relation with its stakeholders. Stakeholders are different from the stockholders. Stakeholders include customers, employees, business partners, government and community. In other words, this is all about social relationships. These rules and practices uphold the corporation’s values. These sets…… Continue Reading
If you have ever dealt with a mean boss, then you probably know what a pain it can be. The question that you might be asking yourself on a regular basis is how to deal with him and get him to respect everyone else around him. The answer to that always depends on the Boss.…… Continue Reading
There are several advantages of implementing the most appropriate timesheet software package for your business. They have been known to propel moderate-sized businesses to significantly larger ones time and again. The hardest part is choosing the timesheet software package that is most appropriate for your business. How will you know which one best suits your…… Continue Reading
How to choose the correct uniform for Employees, when your business needs uniformed employees, can be a complex decision. You have to take into account a range of factors. Also, changing the selected uniform will be costly, inconvenient and may confuse your branding. So, you would prefer to select the correct uniform the first time.…… Continue Reading
It is crucial to be productive. It can be that you are trying to be productive, but something is in your way. Now, if you really want, you can determine what those things are and then you can address them promptly. Become Productive Easily. Have the confidence to become productive: You must have confidence in…… Continue Reading
Backfile Document Scanning is the scanning of archived and recent paper files, blueprints, documents and selected other documents. These are converted from paper form to electronic format. After scanning and indexing, you can open the documents with the help of any network connected PC, tablet, smartphone, etc. This is beneficial in many ways. A significant…… Continue Reading
If your SME is growing and has its own business and marketing organization; is the organization starting to be complex? If so then Distributed Leadership brings out the best in you and your business. Distributed Leadership Brings Out the Best in You and Your Business As Wikipedia says, in the “context of a complex organization ….…… Continue Reading
For your business to be run well, it helps a great deal if you are a perfect boss. So, you should try to be one of the best bosses. You can set the right attitude, image, and tone. If you are a good and respected boss, your employees will follow your lead. There are several…… Continue Reading
A challenge that Startup, SME and new division CEOs face is proper communication by the CEO. You need to communicate in the most appropriate tone when leading a team.… Continue Reading
Business Process Management can be defined as a method to study the processes of an organization and then try to control them while ensuring that the business productivity is not hampered.… Continue Reading
The importance of Government Relations for New Ventures varies from country to country. Within a country it can vary from state to state (province to province). Corporate Growth Government programs, laws and regulations, and networking can strongly impact corporate growth of resident parent companies and/or their resident subsidiaries. Relocation of Headquarters Government programs, laws…… Continue Reading
Annual performance reviews for officers are problematic for some small, busy new ventures. One Process of Annual Performance Reviews For Officers in New Ventures From a US business culture perspective, one good approach for a small, busy new venture is for the vp/ceo to ask his/her subordinate to write one page that addresses: What I (the subordinate) did well…… Continue Reading
Chaotic situations are an all to frequent occurence in new ventures such as startups and new divisions. Factors Impacting How to Understand a Chaotic Situation Quickly understanding and acting on a chaotic situation can be very important. Unfortunately, for any specific situation each participant sees (and remembers) things a little differently. So, from time to…… Continue Reading
Several have asked what are the Criteria To Be A Successful Startup CEO. Criteria To Be A Successful Startup CEO Vary Depending on the Situation Unfortunately, the criteria to be a successful startup CEO vary depending on the person, his/her experience, the offering of the startup, the target market, the stage in the business life…… Continue Reading
Monthly plans are an important aspect of planning growth and of management control. Monthly Plan Format A 2-3 page Monthly Plan for an emerging revenue stream can include some or all of the following bullet style sections. Please adapt this list to match your situation. This format can be used by the CEO officers and…… Continue Reading
As a Rule of Thumb; you as a startup CEO should schedule only half of your workweek; thus only 4 hours per day. Then you should have time to: Actually complete those important tasks that you scheduled Also have time to address the many things that “come up” in a new venture or startup Planning…… Continue Reading
For an emerging revenue stream (startup, new venture or new division), a One Year Plan is typically developed based on a Business Plan. Weekly, Monthly; and other plans and reports should also be developed and used. Those units that are a part of established entities likely have document/planning/reporting requirements that overlap with the suggestions in…… Continue Reading
The Monthly Report for a new venture is an important part of communications within a new venture. Monthly Report Components A one (1) page Monthly Report for an emerging revenue stream includes the following bullet style components. Please adapt this list to match your situation. Title – Unit Name, location, contact information Executive Summary “Department”…… Continue Reading
As an officer in a new venture of some kind you need to negotiate many things; with internal executives with outside stakeholders with suppliers customers and everybody else. Attitude for Negotiation Always Negotiate With Strength! Never anticipate you will have to accept whatever the other side offers. You always approach a negotiation with the attitude…… Continue Reading
A term sheet is a document that describes the agreement by which a startup acquires financing. Some use the phrase Term Sheet to describe the terms of any business agreement. You should always obtain advice from a lawyer before signing a Term Sheet. Problems in a Bad Term Sheet A bad term sheet may include…… Continue Reading
A new venture needs a laser sharp focus to survive and prosper. Setting priorities is important for any stage company. It is especially important for new ventures and startups. The successful CEO learns to set aside those tasks that are not important. Further, he works to complete many important tasks before they become urgent. Extremely…… Continue Reading