Posts Categorized: Business

7 Summer Reads for Entrepreneurs

After a long winter and being cooped up at home and in the office, now you have a chance to spend time outdoors, whether on your own or with your family and friends. Summer is a great time to catch up that book or two you’ve been wanting to read all winter and spring, and… Read more »

The Benefits of Summer Fridays

Summer Fridays, or the idea of employers offering flexible summer hours, are making a comeback. Summer Fridays are believed to have originated in 1960s New York City as a chance to compensate lower-paid workers. Summer Fridays also allowed ample time for editors at publishing houses to drive to their summer homes on the Hamptons (seriously)… Read more »

How to Manage Your Summer Intern

It’s summer break for college students, and that means your office may welcome the arrival of a new crop of summer interns. If you’re in an office where interns aren’t present two-thirds of the year, it can be a tough adjustment to manage an intern during your already busy schedule. While it takes some work… Read more »

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 »