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5 Ways Leaders Can Eliminate Stress And Reboot For Change In 2021

by Joel Patterson, the founder of The Vested Group and author of “The Big Commitment: Solving The Mysteries Of Your ERP Implementation

As a challenging year winds down, companies are sifting through what worked and what didn’t as they prepare to reboot for 2021 after dealing with the many difficulties brought on by the pandemic.

And if a business is planning significant changes in its operations in the New Year, the leadership team’s empathy for the workforce is vital in the process. Leaders need to be empathetic to help their employees manage stress and stay productive, especially in these unprecedented times. The holidays always add stress, but company transitions heading into the New Year, magnified by the uncertainty we all face due to COVID-19, can send that stress off the charts.

For example, when a company installs new software or makes other major changes in operations and Read the rest

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How To Build Up A Real Estate Investment Portfolio In 2021

by Mateo Monsalve Molina, Founder and CEO of Loyalty Property Advisors

Warren Buffett, the notorious business tycoon, once said: “Be greedy when the others are fearful,” and one would hardly find a more timeless quote when it comes to investment. After all, it perfectly fits the current situation as well. While many of us are holding our breath, savvy investors are already dividing the biggest pieces of the property market pie.

Although the fabric of real estate is changing considerably, the sales are far from plunging even despite the pandemic. Real estate remains a favored option because it can be owned indefinitely, tends to appreciate in value, and has predictable cash flow with profits that can be further reinvested. Unpredictability or not, it continues to represent a potent way for anyone to multiply their wealth.

So, whether you’re looking to grow your portfolio in 2021, or you’re eager to … Read the rest

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4 Workers’ Comp Mistakes New Business Owners Make

One of the primary concerns for new business owners is what type of insurance or bonding they may need before beginning operations. This is always largely determined by the industry and type of work they will be performing. Of course, the number of people employed by the business will matter as well. All of these questions will have an impact on the necessary operational expenses for all new business owners.

Workers’ compensation is assuredly one of those major concerns because it is often a legal requirement and a significant component of the business operating budget. Here are a few mistakes to avoid when setting up your business, and evaluating the workers’ compensation insurance needs.

1. Failure to Maintain Coverage.

The first mistake many business owners make is not providing any coverage for workers. Not only is it required by law for most employers, but it can leave the owner vulnerable … Read the rest

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Post COVID – How To Bring Your Employees To The Office Safely

Since the coronavirus breached these shores, we’ve seen a huge surge in the number of employees working remotely and from home.

In fact, it’s estimated that 46.6% of the UK workforce operated remotely in April 2020 alone, with 86% of this number doing so solely as a result of the coronavirus pandemic.

While several larger companies have pledged to maintain remote working as a permanent arrangement, however, many are planning to bring their employees back sometime after spring.

But what steps can you take to do this successfully and safely?

1. Take Steps to Assuage Your Employees’ Concerns.

According to some surveys, almost half of workers want to continue working remotely even after a vaccine has been rolled out for the coronavirus pandemic.

This is a significant gap that employers will have to bridge in the near-term, especially with a growing number of firms pledging to maintain remote working … Read the rest

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Who’s The New Boss? How To Avoid Succession Planning Mistakes

by Jennifer Mackin, ForbesBook author of “Leaders Deserve Better: A Leadership Development Revolution

Many corporations have endured a rough 2020 that included the resignations of top executives at some major brands. Will their replacements be ready? It’s a fair question, especially if the new company leader is promoted from within. Studies show many senior leaders don’t think their companies properly educate and prepare future leaders for succession.

If an organization has no pipeline of leaders ready to take over senior leadership positions, then a lack of succession planning can be catastrophic for even the most enduring company. Many companies don’t find the development of leaders significant until they are readying for succession planning, embarking on a new venture, or weathering storms that threaten their viability. This reactive approach is risky because development takes time.

It’s time for CEOs, senior leaders, and heads of HR to modernize … Read the rest

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How The Gig Talent Economy Can Help Your Organization Post Covid-19

by Hema Crockett and Jamie Jacobs, co-founders of Gig Talent and authors of “Designing Exceptional Organizational Cultures: How to Develop Companies where Employees Thrive

We’re seeing it happen day by day. What we originally thought was going to be a few weeks of time away from the office, has now turned into several months of adjustments. Many organizations are 100% remote and appear to be so for the foreseeable future. In addition, employees have had to learn how to navigate a new and unfamiliar structure.

With COVID-19 impacting organizations everywhere and in different ways, it’s important to consider the changes that need to be made on the other side of the current crisis. We’ve seen breweries convert operations and make hand sanitizer while clothing companies sew scrubs and face masks. While some changes have been larger than others, we do know that work as we’ve known it has … Read the rest

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Reasons Why Hiring A Digital Marketing Agency For Your Business Is A Must

In the old days, marketing agencies were non-existent, and most companies were struggling to market their business and making sales. Even with the advancement in technology and the introduction of digitalized marketing agencies, most businesses are still struggling to embrace the new idea of the digitalized way of marketing. Most businesses that have embraced the way of marketing their business through online advertising are seen to improve quite rapidly. Almost every business needs a digital agency to compete in the tough business environment.

Some of the reasons why hiring a digital agency for your business is very important, as outlined below:

To Save on Time and Cost.

Since marketing agency is relatively less expensive and easy to set up, it has provided the small and medium business with the opportunity to compete against the big enterprises and be able to get their share of targeted traffic at a lesser cost. … Read the rest

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4 Reasons Employers Need To Provide A Financial Security Benefit To Employees

by Amy O’Meara Chambers, JD, COO and Co-founder of HealthBridge and author of “Health Savings Accounts for DUMMIES

A financial security benefit that helps employees pay for and manage their out of pocket healthcare expenses allows an employer to not only keep healthcare costs down, but to provide a much-needed benefit to their employees, one that pays dividends for years to come.

Here are 4 reasons why employers need to provide a financial security benefit to their employees as part of their offering.

1. Restore the “benefit” in your health benefit offering.

The standard employer-sponsored health plan comes with nearly an $8,000 out-of-pocket expense. Considering that the vast majority of Americans live paycheck-to-paycheck and 40% struggle to cover a $400 emergency expense, it’s no wonder why so many individuals consider themselves functionally uninsured despite being covered by an employer’s health plan. And, when an employer’s price tag … Read the rest

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High Emotional Intelligence: 10 Signs You Have It

by Dr. Bradley Nelson, author of “The Emotion Code: How to Release Your Trapped Emotions for Abundant Health, Love, and Happiness

People who are emotionally intelligent have the ability to identify and manage their own feelings. But just as importantly, they are also good at recognizing when someone else is feeling a certain way, and empathize with them. This makes them good friends, good partners, and good leaders.

Emotionally intelligent people:

1. Think about feelings.

Emotional intelligence is largely about awareness, both of self and others. Self-reflection is key, as is empathy. You may not agree with someone, but you can see where they’re coming from.

2. Try to control their thoughts.

You may not be able to control how you feel all the time, but you can control how you react by monitoring your thoughts. If you can rein in your thoughts, you can avoid becoming a … Read the rest

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How To Sell Your Business For Maximum Profit And Why It’s Best To Sell When Business Is Thriving

by Michelle Seiler Tucker, author of “EXIT RICH: The 6 P Method to Sell Your Business for Huge Profit

Successfully starting and growing a business can be a tough challenge for even the most adept entrepreneurs. Exiting a business for maximum profit, however, can prove even more difficult. Approximately 46% to 80% of middle-market sell-side transactions fail to close and, according to Forbes, 8 out of 10 businesses do not sell at all. While Seiler Tucker has one of the best closing rates in the M&A industry, our years of experience have given us insight into why this failure rate is so high. The first culprit can be attributed to the fact that business owners don’t plan their exit strategy from day one. Second, sellers are not aware of what buyers are looking for in a business or the characteristics that enhance a business’s value. Third, sellers … Read the rest