In the response to the negative economic impact the Coronavirus has had on American business, the federal government implemented the Payroll Protection Program, a $349 billion component of the recent CARES Act to help small businesses through these difficult times. Applying is straightforward, the loan may be forgivable, and the purpose behind it is to help keep one’s employees paid and financially secure. What is It and How Does It Work? The Payroll Protection Program offers loans to most United States businesses that have 500 or fewer employees, and have…
Category: Employees
Book Recommendation: Influence: The Psychology of Persuasion by Robert Cialdini, PH.D.
What if persuasion wasn’t just down to a person’s “natural charisma”? In Robert Cialdini’s book, Influence: The Psychology of Persuasion”, he goes over 6 principles of influence and how to use them. This book focuses on seeing persuasion as a skill rather than a natural attribute, thus making it possible for anyone to learn this skill. The 6 Principles of Influence Reciprocity – Give what you want to receive Consistency – Active, public, and voluntary commitments Social Proof – People rely on and believe others similar to themselves Liking –…
How to Keep Your Team at Work Accountable
How can you keep your team at work accountable? The responsibility of holding a team accountable is the work of the team manager, irrespective of whether or not the situation causes discomfort. The process of holding a team accountable consists of many variants, including instructions, regular advice, and explorative questions that assist in unlocking the inner ownership of the team. The meaning of accountability can be understood via the two phrases, i.e., to be accountable, which means offering a description of what’s occurring in a specific section; and to hold…
Book Recommendation: The Talent Masters
Hiring the right people for the right job is one of the most important things you can do as a business leader. “The Talent Masters: Why Smart Leaders Put People Before Numbers” by Bill Conaty and Ram Charan is in my list of must-read books for leaders at all levels. If you are unable to read the book right now or would like to know more about before reading then take a look at these condensed notes below: THE TALENT MASTERS 1. Talent is the edge By repeatedly putting people…
Block chain opportunities for entrepreneurs
One of the greatest technological advances of all time is the Internet. This technology provides tremendous amounts of information, makes communication easier than ever, and has transformed the modern business world. For these and other reasons, a life without internet is hard to imagine. If you could go back in time, you could make a lot of money by investing in the internet. Of course you already know it, with a drop of 20/20. What’s harder is knowing how to spend your money and time now. How do you know…
Motivation in the Workplace
Motivation: What Drives You? Why do you do what you do? You have chosen business as a major focus and, no doubt, are planning your life around that choice, but why? When there are so many other options in the world, what drives you to focus on business? Human motivation is a complex phenomenon that helps explain why we choose the paths we take and what drives us to persist at certain goals. Jessica is, by all accounts, a driven young woman. She works very hard, often putting in long…
Should Your Business Have a Social Media Policy?
In today’s ever-connected world, social media is king. As a business owner, you want your business’s image and reputation to reflect certain values so, when trusted employees post questionable content on their personal social media accounts your business’s good standing can take a serious hit. The following are some of the most fundamental ways a social media policy can help protect your enterprise: First and foremost, a social media policy lays the company’s expectations for employee social media behavior out plainly. Your employees are a direct reflection of their leadership,…
Who is the First Employee You Should Hire for Your Startup?
As an entrepreneur, you’re used to wearing at least a dozen different hats as you pull 18-hour days to get your startup off the ground. But now that you’re gaining momentum and clients the workload isn’t nearly as manageable as it once was. Who are we kidding? It was never really manageable, but you’ve made it this far relatively unscathed. So, now what? You’ve thought about hiring someone to take a portion of the workload off your plate, but who should be your first hire? Before you start accepting applications,…
How to Use LinkedIn to Hire Employees
Did you know approximately 467 million people are using LinkedIn worldwide? Now the world’s largest online professional networking platform, LinkedIn is changing the way the recruitment and hiring process operates. Gone are the days of stacks of applications piled upon your desk – today’s hiring process involves more scrolling than shuffling. You could be using LinkedIn to hire employees. But in an applicant pool as large as LinkedIn’s, how can you best weed out the unqualified candidates and find the real gems with potential? For those who have only a…
How to Choose Outstanding Employees
Successful Employees Great leaders know that the key to success is great employees. But how to choose employees that are right for you? These are the people who take that extra step without prompting, and who share your vision to strive for excellence. Like you, they take pride in being the best, and their personal integrity never allows them to submit an imperfect product. They’re there when you expect them to be, and focused on getting the job done. Now, how do you find these people? What’s more, how do you…