Posts Categorized: Business

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 »

Executive Summary Format: A Guide to Business Writing

In a fast-paced business environment, entrepreneurs and business leaders must be able to convey their main ideas and persuade decision makers. This idea is illustrated through an executive summary, which prefaces a business plan or an investment proposal. The executive summary can capture and maintain the reader’s attention, ultimately leading to a successful pitch or… Read more »

8 Ways to Develop Leadership Skills

“While there are ‘natural born leaders,’ that phrase leads many to believe that when it comes to leadership…either you have it or you don’t. That belief couldn’t be further from the truth.” —Entrepreneur contributor Michael Noice Leadership is a skill that you can learn and develop like any other skill. And leadership isn’t only for managers…. Read more »

Boss vs. Leader: 10 Crucial Differences

The saying “people don’t leave jobs, they leave managers” may have some truth behind it. A 2015 Gallup Poll of 7,272 U.S. adults found that at some point in their career, one in two had left their job to get away from their manager. Only one in three people are engaged at work, and managers… Read more »