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BusinessHub

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

 

Tips for Managing a Remote Workforce

In the wake of social distancing measures implemented due to the coronavirus, many companies have shifted their workforce to working remotely. In fact, Forbes reports that almost half of all American companies have asked their employees to work from home since mid-February.

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Bridging the Generation Divide in the Work Place

Each of the generations currently occupying the American workforce have distinct characteristics when it comes to what motivates them, what their beliefs are, and which qualities they prioritize in a professional environment. With so many different ways of thinking, working, and solving problems, it’s important to discuss generational differences and learn how to communicate effectively with team members of any age.

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Defining Your Company's Mission, Vision, and Values

Building and leading a team that perfectly exemplifies your financial institution’s mission, vision, and values starts with defining your mission, vision, and values. These components are critical for any business endeavor, as they will come to define its ultimate purpose, drive business goals, and create room for your corporate culture to develop and evolve.

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Identifying Your Company's Training and Development Needs: Employee Feedback

The best business leaders listen to their employees and go out of their way to solicit feedback and input. All employees want to feel valued and heard, and when you empower your employees to share their ideas and provide honest feedback and opportunities for improvement, your entire organization can benefit and improve because of it.

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Benefits Communication 101

Are your employees familiar with the benefits that your company provides? Is there ongoing communication with your employees throughout their employment, or is it something that is only ever discussed during the onboarding process? Do you have a benefits communication plan in place to keep employees informed about updates or changes to their benefits? Do your employees know enough about their benefits to keep them from being lured away by more competitive offers?

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Maintain Momentum in Your Business Exit Planning

Planning for major events often falls victim to procrastination. Whether it’s planning your next career move, a long vacation, or your business exit, it’s easy to put off progress, thinking you'll wait until you have more free time. While planning a business exit should never take over your entire life, once you've decided on your exit goals, you'll see greater success when you keep your momentum going instead of stopping and starting your activities.

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Three Benefits of Business Exit Planning

Through my work as a business advisor, I've seen firsthand that business owners have plenty to do. You're running your business, taking care of your home and family, and trying to attend to other responsibilities. Often, this existing to-do list is the reason business owners give for not pursuing exit planning. You may be unsure if it can help address important issues without taking up the little time you have remaining.

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