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As Thomas Edison reportedly said: “I have not failed. I have just found 10,000 ways that won't work.”
As an entrepreneur, I know the excitement that comes with launching a new product or service. Getting your big idea ready for market is just the beginning. There's a lot more work needed to ensure its success in the marketplace.
10. It’s a process, not a transaction. Business succession or exit planning is about building a business that can succeed without its owner while preparing an owner to become independent — emotionally and financially — from the business.
It can be tempting to slog through each day, discern what tasks need to be accomplished and get to work.
“I just need time to think.”
How many times have you heard co-workers utter those words, or even said it yourself?
It's happened to all of us. A big, fat ugly problem lands on your desk. The temptation, of course, is to make it go away, fast.
10. Know your options. Discuss the benefits your company is offering and make sure you understand them before you proceed.
A great management habit to develop is to always seek new information and refresh your skills toolkit. Maybe it's some new software that will benefit your department. Maybe there's a more cost-effective way to ship products.
10. Talk with your agent.
Ensure you have appropriate coverage, Many businesses are under-insured, especially if they have recently undergone a downsizing of office space.
Your company's website is a valuable informational and marketing tool, so it's important to ensure that it's both current and competitive for your industry and market.
Competitors are like icebergs. Some are highly visible while others are hidden. How do you identify hidden competitors? And once they're identified, how do you find out about them?
Interruptions are out to get us all. The phone rings. A co-worker comes through to show off her new engagement ring. An instant message pops up. Your dad is texting you.
Finding a way to convince others of the relevance of a project, a new product line or a new idea is an important skill if you're leading others.
There are many coming changes in workers' compensation that you should be aware of, as well as new ways to control workers' comp costs that affect your business.
10. Be clever
Create passwords from easy-to-remember sentences, such as , using the first letter of each word and adding numbers and special characters at the beginning or end. (e.g., )