Posts Categorized: Business

Trademark vs Copyright: A Guide for Entrepreneurs

From efficient methods of management to the final step of a production process, each business has defining aspects that separate them from competitors. And while all aspects combine to create the company’s unique brand and reputation, intellectual property is perhaps the most important component when it comes to distinguishing a business’ identity. Intellectual property is… Read more »

The Importance of Employee Onboarding

Employee onboarding is a way to ensure the first experiences of new employees are positive. While employee orientation is a one-time event, employee onboarding is a long-term process designed to help newcomers acclimate to a company’s operations and culture. Implementing this process can be tricky. However, doing so effectively leads to substantially positive outcomes. Why… Read more »

The Four Product Life Cycle Stages

Every product we encounter has a life cycle. The product life cycle has four stages, from its introduction in an office to the product’s decline and removal from store shelves. It’s imperative for a business to fully understand all four stages of the product life cycle. Misunderstanding or a lack of knowledge at any stage… Read more »

Types of Partnerships in Business

A partnership is an unincorporated organization with two or more partners. It is recognized as the simplest way for two or more people to own a business. There are different types of partnerships, but partnerships are all designed to balance the risks and returns of the relationship. Negatives of partnerships include some loss of control… Read more »

How to Start a Subscription Box Business

A subscription box business delivers boxes filled with a certain type of product at set intervals. Customers typically pay a set amount to receive a new box at the same time each month. Some subscription box businesses vary frequency of deliveries and offer the product at different tiers, which changes what the customer will receive…. Read more »

7 Low-Cost Workplace Incentives to Boost Morale

Low morale can undermine productivity and lead to increased employee turnover. With the average turnover rate for all U.S. industries at 16.7 percent and the direct replacement costs for employees reaching as high as 50 percent to 60 percent of the individual’s annual salary, businesses need to pay attention to morale in order to be… Read more »

Business Management: 4 Types of Planning

Business planning seems like it would be something that organizations do well, given the near self-evident importance of the concept. Yet, that is not necessarily the case. “In my experience leading dozens of business planning workshops in countries all over the world, I’d say only about 10% to 15% of teams I’ve encountered have an… Read more »

5 Networking Strategies for Introverts

“Introverts can find networking intimidating because of all the louder extroverts in the room trying to sell themselves,” author Stefan Thomas says in The Guardian. “But introverts make the best networkers because they’re good listeners and tend to be more interested in other people than about talking about themselves.” By harnessing their strengths, introverts can… Read more »

Managing Ethics in the Workplace

Promoting ethics in the workplace creates a positive culture for managers and employees, as well as a successful business. The Society for Human Resource Management (SHRM) notes that the stock price growth of the 100 firms with the most ethical cultures outperformed stock market and peer indices by almost 300 percent, based on the most… Read more »

A Manager’s Guide to Providing Constructive Criticism in the Workplace

Constructive criticism in the workplace can help employees understand what they are doing well and what they need help with. Benefits include professional development, clarified expectations, stronger working relationships and overall organizational growth. Workers understand the value of constructive criticism — and they even prefer it to praise and congratulatory comments. By a three to… Read more »