Diversity in the workforce is a hot button topic. But studies have shown that diversity isn't only good for your company culture - it's good for your bottom line. Having a team that represents different cultures, genders, socioeconomic background, ages and even ways of thinking is a plus for your business. It helps you see beyond your own perspective - and it helps you get into the heads of your consumers.
The vision many people have when they dream about running a business is often a far cry from the day-to-day reality. The freedom, flexibility and fine dining lunches don't necessarily materialize. In their place, many small business owners struggle with long days, stress and cash flow.
Though common, those issues don't need to be part of the experience. Often, they arise when small business owners need a stronger grounding in the basics of business operations and process.
Here's what you need to know to ensure that your business ticks along like a dream.
Businesses today have to move and think fast to keep up with the ever-changing landscapes of their industry. Without the agile mindset, staying competitive is almost impossible. By encouraging and developing a culture of creative collaboration, you give your business a competitive advantage. A huge leg up on your competition!
Cross-functional (leadership, accounting, marketing, production, development, customer service, etc.) teams can meet in a collaborative environment and bring different skill sets, perspectives, and functional expertise to the table to solve a common problem or achieve a common goal. It can be easy for cross-functional teams to fall into competition with each other, but thoughtful cooperation and guidance is the name of the game. Remember, you’re all supposed to be working toward the same goal - success!
What is a Fractional COO?
A fractional COO is a Chief Operating Officer (COO) that an organization brings on a part-time basis or as-needed basis.
They are there to provide guidance, expertise, and executive-level leadership to help businesses and organizations avoid roadblocks in their business model and ensure they are on the right strategic and operational track for maximum growth.
Fractional COO’s offer these services at a fraction of the cost of a full-time COO, which makes them an attractive success tool for smaller to medium-sized companies and organizations that are just starting out and don’t yet have the budget for a full-time COO.
Did you know Mark Wahlberg starts his day at 2:30 am?
That means that by the time the average college freshman rolls out at 10:00 am for class, he's already put in eight hours. 2:30 am might be a tad excessive, but then again Mark Wahlberg commands a net worth of roughly $225 million. So, maybe we all should be taking note.