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What is a Remote Control CEO?

A remote control CEO is a business owner who has made or wants to make the transition from hands-on to hands-free, lives a flexible lifestyle, and has structured their business so it works for them rather than them working for the business. This is one of the most common scenarios in which you might consider…

How to Avoid the Performance Trap

What is the performance trap? It’s viewing one’s self-worth, the worth of others, and everything about your business through the lens of short-term performance. Short-term performance is often out of our control. It can be cyclical and driven by chance rather than the merit of the company’s underlying performance. It’s essentially looking at value through…

The Secret to Recruiting Millennials

When writing about business planning, I included a lot of information on one of the growing problems for small business owners—recruiting and retaining employees. When it comes to recruiting young people to work in your business, there are some things you need to be aware of and some things you may need to tweak from…

Tips for Retailers Moving to a New Location

Moving a retail store to a new location has become increasingly common as companies look to respond to a changing retail landscape. Many businesses and brands continue to overachieve and may be looking, suddenly, to expand into a bigger location. Other retailers decide a move is necessary for external factors…Consumer behavior, foot traffic patterns, and…

Entrepreneurs: To Know Your Business, Know Yourself

Entrepreneurs are the luckiest people on the face of the earth. We have the opportunity to create our future exactly as we want it. Literally, everything an entrepreneur does moves him/her closer to or further away from their future lifestyle and a dream fulfilled. It all begins with self-awareness and belief in one’s self. Lifestyle…

Top Tips for Setting up a Home Office

These days, the internet has made telecommuting a possibility for those who prefer to work at home, whether because of family or purely for the comfort of it. If you wish to make working at home a great experience, you have to start with setting up a great home office. Here are some tips on…

Ensuring a Smooth Buy-Out Transition

Buy-outs can happen for dozens of reasons. Perhaps a CEO is retiring and wants to put the company in new hands. Maybe a company is approaching bankruptcy and a parent company swoops in to salvage the remains. Regardless, a buy-out is a high-stress transition for any company of any size—even that 10-person tech start-up. While…

Tips for Replacing a Key Employee

Losing key employees can be stressful for any business—no matter the size, scale, or age of the company. In some cases, losing a key employee can catalyze a transition in its own right. This is especially true for hires who have been involved in the process of creating and shifting the direction of a business;…

Failed Statistics for Failed Businesses

Smart business owners seek out as much information and as many resources as they can to start and establish their company. Often, one of the pieces of information that these owners come across is the number of businesses that fail within a certain timeframe. Beware of putting too much stock in these figures. As you’ll…