When times are tough, employee raises can be hard to come by. Here are other ways to reward hard workers. Keeping employees motivated during challenging times is extremely difficult. When the economy is performing poorly it reflects on the overall level of sales and profitability of your business. This in turn makes it difficult to offer raises or other monetary compensation to employees. For top performers, this can be especially frustrating. If the situation isn’t managed properly then it … [Read more...]

When PlayStation was hacked exposing users to cyber threats, Sony responded in a few ways. Here's what it means for your business. Sony has been going through a very difficult time lately. The fallout from the hacker attack which impacted around 100 million consumers will have long lasting repercussions that could hurt the company’s most valuable asset: its brand. An alliance of powerful hackers known as Anonymous were able to infiltrate the PlayStation network on multiple occasions and stole … [Read more...]

Is it possible to replicate the "dollar and a dream" model in today's business world? Is The $1,000 Successful Startup A Myth? We’ve all heard stories about that guy. He has an idea. He has a little money in the bank. He decides to give it a shot. Fast forward a few years and that guy has a successful company. Many of the stories I know that start out this way are for companies that started decades ago like Paul Orfalea’s Kinko’s or Fred De Luca’s Subway. Is it possible to replicate this … [Read more...]

It's hard to keep a superstar individuals for too long at the same company. Here's how to replicate the energy and enthusiasm they brought to your In the workplace, people tend to gravitate towards certain individuals that excel in their performance. In many cases they are charismatic people that make others feel good about themselves, push the organization beyond its comfort zone, and are responsible for a significant portion of its success. Sadly, it’s hard to keep these types of gifted … [Read more...]

It's summer but that doesn't mean you can slow down. Use this time to take a good look at where your money is going. 4 Ways To Organize Your Finances This Summer Summer is almost here. Most small non-seasonal businesses will experience a decline in activity especially during July and August. This should free up at least five hours per week that can be dedicated to those tasks that seem to sit perpetually on the “to do” list. Many of these tasks can have a material impact on your company’s … [Read more...]

Need some assistance setting prices on your e-commerce site? The right pricing software can help. Software To Set Your Prices If you use Amazon.com, you will be forgiven for thinking that only billionaires read about the genetics of flies. The book “The Making of a Fly: The Genetics of Animal Design” was recently selling for over $23 million (and it’s only a paperback). This of course does not include shipping and handling. Since its peak price a few weeks ago, the book has been discounted … [Read more...]

Glenn Beck and Rachel Maddow make it work for them in media. But business is a completely different story. Does It Pay To Be An Extremist In Business? Extremism is pervasive in today’s popular culture. We are almost at a point whereby having an extremist position is the only way to get attention. Cable news channels that take an extreme position (left or right) are doing far better in ratings than those considered to be middle of the road. The business success of “talking heads” such as Glenn … [Read more...]

Mobile software applications or apps exist for nearly every conceivable task. They are ubiquitous among smartphone owners due to the prolife Mobile software applications or apps exist for nearly every conceivable task. They are ubiquitous among smartphone owners due to the proliferation of robust mobile operating systems like Apple’s iOS, Google’s Android, RIM’s BlackBerry OS and Nokia’s Symbian. Apple’s app store launched in July 2008 and by January 2011 surpassed the 10 billion downloads … [Read more...]