The 6 Key Leadership Behaviors of Successful Small Business Owners What is Leadership Behavior? Leadership Behaviors are the way that you act or conduct yourself as a small business owner. Effective leadership behaviors are the actions you take to develop, motivate, empower, and assign meaningful work to your employees that causes them to work willingly towards achieving your business’ goals. Your leadership behaviors directly impact the social-emotional reactions of your employees and are the difference between the success and failure of your small business. By developing strong positive leadership behaviors, you will build proactive management and operative teams that are trusting, flexible, accountable, and passionate
Annuities as an Investment Option for Small Business Owners Is a Stock Market Correction Imminent? Are you as Small Business Owner concerned about your retirement savings because of stock market volatility? Are you considering Annuities as an Investment Option? Consider that in 2019, the current 10-year bull market is the longest on record. Institutional investors predict its end within the near future, with a 40% to 70% retracement (fall). Take note, that if the stock market drops 50% you need to make a 100% to get even. If you need to withdraw money while the market is low or recovering, which could take years, you
Do you have what it takes to be a good small business partner? Being in business with a good small business partner is more exiting, less lonely and two heads are often better than one. However, business partnerships are like marriages and most don’t last and some end badly! Business partners spend an enormous amount of time together and must make financial, personal and emotional sacrifices to keep the business going. Unfortunately, disputes arise in from these situations. A dispute with your partner can become one of the most bitter disputes you will ever experience. To give small business partnership the best chance for success,
What is Wellness? Your wellness is simply the condition of your physical and mental health. Furthermore, it is the result of all your lifestyle choices and the actions you take (or lack thereof) to be healthier. Wellness has several dimensions including emotional, environmental, financial, intellectual, occupational, physical, social and spiritual wellness. In other words, it is how healthy and happy you are with all aspects of your life. A Successful small business wellness program addresses and improves these wellness dimensions for everyone within the organization. To read more about small business owner well-being – click here What is the Purpose of a Workplace Wellness Program?
About Small Business Owner Development Small business owner development is essential for small business success. Many small businesses fail due to lack in the business savvy and leadership skills of their owners. That includes areas such as strategic planning, organizational structuring, marketing, selling, finance, accounting, human resources and production. Without business know-how and the ability to spread risk across several managers and/or high-level employees, you make your small business vulnerable and noncompetitive. Successful small business entrepreneurs do research and learn. Besides this, they reach out to small business coaches, mentors and consultants to help develop their skills in running, improving, growing and expanding their small businesses.
Do you have what it takes to be a small business owner? As a small business owner, you must fulfill many roles, which continuously change between entrepreneurial, decision making, informative and interpersonal. You must also wear many hats, including being the business strategist, marketing expert, sales person, product/service specialist, bookkeeper and human resources specialist. There are specific characteristics of a successful small business owner that make this possible. You need the right attitude and personality. It also takes perseverance and a strong character. It is unlikely that you possess all the individual characteristics and attributes required to be a successful small business owner. Therefore, surround