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How Business Leaders Can Prepare for a Possible Recession this Year
HOW BUSINESS LEADERS CAN PREPARE FOR A POSSIBLE RECESSION THIS YEAR...The good news is that despite these expectations, most midsize (66%) and small business (72%) leaders remain upbeat about their own company’s performance, and are focused on growth, hiring plans and other elements within their control.
GROW LEADERS WITHIN YOUR RANKS
GROW LEADERS WITHIN YOUR RANKS... If you want to increase retention and expand diversity in the restaurant business in 2023 – especially in leadership, on boards and with founders of growing brands – start with education. The restaurant industry has an information problem. Historically, most restaurant education is limited to on-the-job (OTJ) training, which presents numerous challenges.
HOW TO SOLVE THE BIGGEST CHALLENGES OF A HYBRID WORKFORCE
HOW TO SOLVE THE BIGGEST CHALLENGES OF A HYBRID WORKFORCE. According to Forrester, 70% of U.S. and European companies will pivot to a hybrid work model post-pandemic. What’s more, 75% of CEOs expect their office spaces to shrink, so the space that is retained must be intentionally created with hybrid in mind.
HOW TO SELECT THE OPTIMAL VALUATION TECHNIQUE FOR YOUR STARTUP
HOW TO SELECT THE OPTIMAL VALUATION TECHNIQUE FOR YOUR STARTUP...Revenue multiples are helpful for both private companies (which lack stock prices) and public companies (for which stock prices are readily available). They're also beneficial for businesses with low sales because they're less affected by fluctuations in gross margins and other financial metrics that may fluctuate based on industry trends or economic conditions during the analyzed period.
TIPS ON COMMUNICATING SUCCESSFULLY WITH YOUR EMPLOYEES
TIPS ON COMMUNICATING SUCCESSFULLY WITH YOUR EMPLOYEES.When you are in charge of anything, communication is a crucial aspect of the task, but its relevance increases if you are in a leadership role regarding employees. The method in which you interact with your employees may have a substantial impact on how they feel about their jobs and the quality of work they do. You want them to feel heard and appreciated. You also want them to feel free to make mistakes without fear of censure or punishment. However, accountability for their actions should not be overshadowed by communicating in such a way that they are not aware of a mistake. It's how you use the mistake to improve that count. ..
6 WAYS TO FINANCE A START-UP SMALL BUSINESS
They expect to be paid back with interest and generally require collateral (such as property) in case your business defaults on the loan. If you can find someone willing to do this type of lending, and if all else fails, then this may be worth considering. However, small business owners need to exhaust other options first before seeking out private loans as they tend not only to be expensive but difficult for borrowers because they lack flexibility compared with other forms of financing, such as SBA loans which offer more favorable terms including lower rates and more extended repayment periods.Watch MasterMind Minutes Webcast Here Now
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