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BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

Protect Your Key Leadership from Recruiters

As a business owner, you likely already spend a significant amount of time searching for and hiring employee leaders. Once you have the right people in your employ, you want to guard against others tracking them down and poaching them. When employees leave, you not only lose the knowledge and experience you've spent time instilling in them, but you also may lose customers who prefer to continue working with that one employee rather than with the employees remaining at your company.

Here's how you can protect your company from losing key leaders when recruiters call.

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Consider Succession Planning in Retirement Preparations

As a small business owner, many tasks crucial to the running of your business fall on you. But someday you'll wish to retire, and then what happens to your business? You need a plan for the future ownership and running of your business. A proper succession plan lays out what will happen to your business in the event you unexpectedly must turn over ownership or in the event of your hopefully well-planned retirement.

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How to Calculate Your Paycheck as a Business Owner

As a business owner, you're tasked with making a number of decisions on behalf of your business, including what to pay yourself for the services you provide. Though a number of methods exist for determining a proper pay rate for yourself, you should keep a couple things in mind about all methods:

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3 Ways Business Leaders Should Be More Like Leo DiCaprio

via giphy.com

Whether you're a movie buff or not, it's difficult to escape the chatter surrounding Oscar season. As we approach the 88th Academy Awards, and Leonardo DiCaprio receives his fifth Oscar nomination, DiCaprio fans across the world are crossing their collective fingers, hoping that 2016 is finally the year that the critically acclaimed actor takes home a gold statue for Best Actor. Admittedly, I stand with the crowd that disagrees with the fact that Leo has yet to win an Oscar, considering I probably watched Titanic about 60 times, and my entire bedroom was covered ceiling to floor with Teen Beat posters of that handsome devil when I was 14 (who remembers him as Luke in Growing Pains? #swoon), but I digress! It's hard to argue with a talent that has more than 29 movie roles to his credit, and whether or not you fall into the #TeamLeo category, I believe that all business can learn a thing or two from his acting career:

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Here is Why Your Team/Division/Company is Failing

We've all experienced failure at some point. Not landing that big account; not getting that promotion you wanted; working on a presentation or campaign for months and then realizing it's completely off base. It's totally disappointing, right? But, these bumps in the road are totally survivable. You learn from your mistakes, brush your shoulders off, and get back on the horse. Over time, after the sting of defeat has dissipated, you look back and no longer see these things as failures and begin referring to them as “learning experiences” that helped you grow personally and professionally.

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How Management Can Make or Break Your Company's Culture

There are several factors that make a company successful, and one essential ingredient is the company culture. Senior management must take the “bull by the horn” and be actively aware and involved in their company's culture. Their direct or indirect involvement has a direct impact and results in either making or breaking the culture at their company.

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Bad Boss Behavior (and What You Can Do to Avoid It)

If you're a manager or a leader of your business, you probably feel the pressure to be a good boss. However, the adjective "good" is a relative term. There are many obvious qualities of good leaders, and there's no shortage of blogs and articles that give managers tips and tools on being effective leaders. But, today I want to talk about the characteristics of bad bosses. Movies such as Office Space and Horrible Bosses, and the popular sitcom, The Office, are pillars of pop culture and do a great job of putting a comedic spin on not-so-great bosses, but your skills as a leader are no joking matter.

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The 3 Things Your Business Can Learn From Coach Popovich and the Spurs

Gregg Popovich is arguably one of the best NBA coaches of all time. In his tenure with the San Antonio Spurs, he has racked up more than 800 wins, and he's just clenched this fifth NBA Championship. As the leader of your company, you are essentially the "head coach" of your organization, and you can learn several business lessons from one of the winning-est coaches in NBA history. 

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