What if, Your product or service is impacted by Tariffs? Businesses are changing faster than ever due to Government Regulations, technology, global communications, and distribution, etc. Tariffs are part of that, too. Leaders need to get outside their business to gain insights, opportunities, and awareness of the world around them from other business owners. They…
Ways to Get Employee Involvement So, with that in mind, how do you encourage freethinking in the workplace? Great minds don’t always think alike. Here are some techniques that some members of my peer advisory groups use: • Encourage your employees to offer suggestions—after all, who knows the ins and outs of your business better?…
What If… You could Avoid a Bad Decision? Who do you discuss your business thoughts and decisions? A PRO, Peer Advisory Member was asking his board about a potential business investment decision. The board did not feel this was a good investment, and also gave the person thoughts to improve the probability of success, if…
What If… You lost a major customer? Who can You talk with after you’ve lost a major customer? Will You have to cut Your work force? Will the bank tell You to move Your loan? or What do You do if You lose a key employee due to injury, leaving you or death? Difficult questions,…
What If… You wanted to change Your holiday bonus? Holiday bonus can be a difficult time. What do you do? What is fair? What are other companies doing? This is especially difficult if you give a discretionary bonus. Compensation is a satisfier. It is not a motivator. If your holiday bonus does not satisfy— You…
