How to Motivate Younger Employees

 

Running a business with a simple operations model can make an entrepreneur’s life easier. You can hire solely part-time, unskilled and easily replaceable labor, increasing the number of qualified job applicants and reducing labor costs. The team you end up with in this scenario is likely to be young – mostly teenagers or seasonal employees during […]

Think Before Spending

 

Money doesn’t go far in small business. Should we spend more on marketing communications? Buy a new laptop; desktop; tablet; smartphone; or camera?  Upgrade our website; CRM; billing system; cloud storage; phone or Internet services? Hire a new sales, customer service, or finance person? Enhance employee benefits? Create new products? And so on. Each opportunity […]

Entrepreneurs on Taking Out the Garbage

 

Through the Mindful Profits team’s experience with hundreds of entrepreneurs, a consistent theme has surfaced. In small companies, everyone “takes out the garbage.” Yes, entrepreneurs work overtime to forecast their budget and revenue; secure funding; pay credit card bills; invoice clients; collect payments; build a prospect database; launch products and services; manage sales and marketing; track […]