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.
No manager sets out to sabotage their own team, but plenty do it anyway without realizing it. Unnecessary meetings, unclear communication, and information overload can all wear employees down over time. Worse still, there are three specific behaviors that will reliably exhaust and infuriate even your best people — and you’re probably guilty of at least one.
Every experienced financial advisor tells clients to buy when the market is down — yet most business owners freeze up instead of seizing the same opportunity in their own companies. Economic downturns create openings that simply don’t exist in normal times, from cheaper real estate to a deeper talent pool. Here are three reasons now might be exactly the right moment to grow.
If you’ve built a successful business over many years, an uncertain economy might have you wondering whether now is the time to cash out. Selling during a downturn certainly comes with challenges — fewer buyers, tighter credit, more caution all around. But it also comes with some surprising advantages you may not have considered. Here’s what to weigh before you decide.
Pandemics and natural disasters are rare, but pretending they can’t happen again is just asking for trouble. When you have a plan in place before the next disruption hits, you’re far less likely to panic and make the kind of rushed decisions that make bad situations worse. Here’s how to get your business ready now, while you actually have the time to do it.
“You’re not responsible for the irresponsibility of others” is great advice — unless you’re the one in charge. As a leader, you’re accountable for your team’s actions whether that feels fair or not, and when a team member drops the ball, customers will look to you, not them. Here’s how to deal with an irresponsible employee before it costs you more than you realize.