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Human Resources Management – How to Get Started

Tom Spencer

Human resource teams are critical to the growth of a company since employees typically represent both the biggest operating expense and largest off-balance sheet asset for most businesses. Image: Pexels The post Human Resources Management – How to Get Started first appeared on Tom Spencer.

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It’s Not “Time Management.” It’s Lean.

Markovitz Consulting

Of course, software firm 37 Signals has been operating four-day work weeks over the summer since 2008. Unfortunately, companies in the lean community don’t seem to take much note of, or try to copy these experiments, probably because the benefits aren’t reflected on the income statement or balance sheet.

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The Challenges of Buying (and Selling) a Business

Martinka Consulting

When taking over a business you have to deal with customers, employees, operations, culture, cashflow, and more. Realize the little things you know how to do in your sleep from 37 years as an owner (as an unconscious competent) aren’t second nature to the buyer. Run it as a business, not a lifestyle.

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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

The most important concepts to grasp are “how to measure profitability, EBITDA, operating income, revenue, and operating expenses,” he says. See More Videos > See More Videos > Tackle the balance sheet. If it doesn’t, consider enrolling in an online or community college class. Go it alone.

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The Importance of Business Acumen for High Performance

LSA Global

It is not just the purview of finance to interpret the numbers that govern profit and loss; it behooves every employee to understand how and why the company makes money, spends money, and measures financial performance. The most important terms and concepts to understand are how to measure: Profitability. Operating income.

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Customers are your ‘ace in the hole’ during uncertain times

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Here are a few tips on how to navigate economic headwinds without overcorrecting and damaging valuable relationships. Before the economy shifts too much, now is the time to act carefully and build stronger ties with your customers, who are the most important assets in your balance sheets. Don’t take employees for granted.

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Small Business Survival Tips During COVID-19

Martinka Consulting

I won’t be disingenuous by marketing services when most of us are in survival mode so I will make all readers of this newsletter an offer: If you have questions about what to do, how to handle things, need a sounding board, or simply someone to vent with call me for free telephone counsel. Take care of personal things.