Management

Your High Return-on-Travel Plan

Rhonda teamed up with Marriott and Visa to create the Small Business Smart Travel Guide, on which this blog post is based. 

Travel is an investment—of your money and your time. Like any other business investment, you want to get the highest return for the money you spend. Fortunately, with just a little bit of planning, you can significantly increase the positive impact business travel can have on your bottom line.

Change your mindset, grow your business

One obstacle that keeps business owners from traveling is the belief that they must be on-premise to run their businesses. Can you entrust team members with more of the daily operations so you can focus more on business development? Can you adopt cloud solutions and apps that allow you to be a more effective mobile manager?  (more…)

Increase Your Return-on-Travel on Your Very Next Trip

This blog post first appeared on 06/30/14 on Visa Business

To increase orders from your current customers and find new clients, plan a business trip. Travel, an important tool in your small-business tool kit, is an investment in growing and sustaining your business. And as with any investment, you want to get the highest return—in this case, your return on travel.

Businesses get an average return of $9.50 for every travel dollar they spend, according to a study the U.S. Travel Association sponsored, which Oxford Economics conducted. And it’s clear why business travel makes sense.

In-person interactions close sales and deepen relationships.  (more…)

At my last 9-to-5 job, every time I thought differently from my supervisors and managers about a problem we faced, I wrote down what bothered me and how I would do it differently given the opportunity. Before long, I had a huge spiral notebook filled with ideas. I realized that all these “negatives” were actually opportunities for better leadership. And I brought many of those ideas to the company I now co-own.

You can do the same. Whether you are working in an executive position, just striking out on the entrepreneurship path, or you have already started a business, consider the following seven ideas for taking your business (and company culture) to the next level:

1) Location. Location. Location! (Did I mention location?) You are paying rent already, or your bosses are, so make it money well-spent and get on a prime street with high traffic. Bright signs near a freeway let everyone know you are there. If you only need a small office suite, make sure you can have your name on a sign outside the building so you are getting the exposure.  (more…)

YEC Question: What’s your best leadership advice for going from employee to boss — of yourself, and maybe others too? (name one tip)

Get Ready For The Investment

“You’re used to managing a crushing workload, difficult clients and phone on perma-ring, but when you’re the boss, you get to handle ego and emotions too. An important lesson is that managing personalities, expectations, egos and abilities is just as important as everything else on your plate. A happy, healthy, productive team is a product of time and energy spent caring for your team on a personal level.”

– Yael Cohen | Founder, President, CEO, F–Cancer

Pick Up The Boss Work

“One of the most common thing that employees do when they become the boss is they still do employee tasks.That kind of work is supposed to be done by employees and you are supposed to do boss work! When we run a business, it is our job to build systems and manage people to run these systems. If you find yourself doing the work, keep asking yourself, how can I replace myself for this task?” (more…)

Do you know what you should be doing to make your business ‘world class,’ but you are not doing it? You may come up with a million reasons why you have yet to act, but actually, you’re putting it off. Procrastinating. Getting in your own way. Ah, we’ve all been there. Indeed 70% of North Americans report procrastinating from time to time, and 20% of us are chronic procrastinators – regularly and habitually putting things off for the utopian tomorrow.

If you haven’t taken action on an important task, project, or business growth strategy its only for one reason – and its not because you are lazy: It’s because you haven’t identified the specific “type” of procrastinator you are (or “types”). By identifying your “type,’ you can begin the find the right solution.

After working with hundreds of people in small businesses, I have identified 10 types of “Action Blockers.” You can see from reading the list that there are very different reasons that set you up to put things off, and the skills you would need to become an “Action Taker” vary accordingly. (more…)