In the creation of a successful organization, your organization simply must be systematized. Systems are the glue that holds an organization together. Systems are also an essential component of what creates the synergy in a business that we are all after. If a business doesn’t have systems in place I guarantee that there will be break […]
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Small businesses continue to play a vital role in the economy of the United States by producing almost 50% of the private nonfarm GDP. In 2014, according to U.S. Census Bureau data, statistics show that unfortunately, about 40% of these businesses fail in their first year, 50% fail by their fifth and only about 20% of businesses will survive their 10th year in business. What’s the reasons why
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Who are your Mentors and are you applying what you’ve learned from them to mold you to be a great mentor yourself? The actual definition of a Mentor is as follows; an experienced and trusted adviser, an experienced and trusted person who gives another person advice and help, esp. related to work or school, over a period of time. someone who teaches or gives help and advice to a less experienced and often younger person. Throughout
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What is the application of Leverage in an organization? Leverage is simply about getting more with less. More productivity, more results, more money with less effort, less energy and less of an investment. The actual definition of Leverage is as follows; Leverage is the ability to influence a system, or an environment, in a way that multiplies the outcome of one’s
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We all hear the phrase “Jack of all trades, Master of none.” In the ABC’s of building a successful organization, we are now on the letter J. In my profession, I have met many business owners, and have found that many of us have certain personality traits. What I also have found is that we
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What is your organizations understanding of human capital value? Human Capital is defined as the collective skills, knowledge, experience, characteristics or other intangible assets of individuals that is viewed in terms of their value or cost to an organization. The higher the individual human capital usually pays off in an increase a worker’s productivity. Higher worker’s productivity usually pays off in a dripping down effect
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