You’ve officially taken over the family business, but your parents just can’t seem to let go of the reins. It’s frustrating, it’s confusing for your employees, and worst of all, you’re not getting the authority and respect you’ve earned. Here are a few practical ways to reclaim your role without burning bridges with the people who built the company.
Every crisis eventually gives way to recovery, but how a business reacts along the way makes all the difference. Too many owners respond impulsively instead of thinking strategically, while others use the downturn to come out ahead. Here are three practical strategies to help your business emerge from the pandemic stronger than before.
A team member leaves your company, only to turn around and start a rival business right under your nose. There’s no non-compete in place, so your first instinct might be to lawyer up. But suing isn’t always your best move, and it isn’t always your only option. Here’s what you should consider before deciding how to respond.
There’s a big difference between owning your own job and owning an actual business — and if you’re the one doing everything yourself, you already know which side of that line you’re on. The good news is that with the right vision and a bit of perseverance, you can make the leap. Here’s how to start building a business that doesn’t depend entirely on you.
Harry Truman once said it’s amazing what you can accomplish if you don’t care who gets the credit — and the way someone talks about their own accomplishments reveals a lot about their leadership style. Two simple, overused pronouns can be a dead giveaway of a leader who puts themselves before their team. Find out what they are and the other habits that quietly sabotage good leadership.
Commercial real estate is on the decline thanks to the rise of remote work, and that’s bad news for landlords but potentially great news for you. Everyone knows the old “buy low” strategy, yet very few business owners actually act on it. Here’s how to size up a vacancy and negotiate a genuinely sweet deal on your next office space.
A client who keeps breaking their promises is more than just frustrating — it can quietly chip away at your business and your patience. It’s tempting to make excuses for them, or worse, to just pick up the slack yourself. But that only rewards the behavior and sets you up for more of the same. Here’s how to break the cycle for good.
You work hard to earn your customers’ trust, and then out of nowhere a scorching online review appears from someone you’ve never even done business with. It’s obviously fake, but that doesn’t make it any less damaging to your reputation. Here’s how to respond strategically instead of lashing out — and why doing nothing isn’t an option.
There are two people in your life who can tell you almost instantly whether a job candidate is the right hire — and neither of them is on your interview panel. A resume can look perfect on paper, yet still miss the intangibles that determine whether someone will actually fit. Find out who these two key people are and how to put their instincts to work.
You’ve got a couple of great employees who each deliver excellent work — the trouble is, they can’t stand each other. Put them in the same room and it turns into bickering instead of collaboration, which is a real shame given how much more they could accomplish together. Here’s how to address the friction before it drags down morale across your whole team.