By Mark Tepper, an EO Cleveland member and president of Strategic Wealth Partners
Unless your buyer has a gambling habit, chances are they’re not looking to roll the dice on purchasing your company. That’s why taking steps now to reduce the perceived risk your company poses to a potential buyer is a smart idea. Businesses with lower inherent risk will fetch a higher multiple and overall valuation.
Categories: Best Practices general
By Tess Pajaron, an EO Overdrive contributor and Community Manager at Open Colleges
Nothing boosts productivity like an efficient and well-organized team. Having employees work in teams has many benefits. It improves their personal satisfaction and confidence, it allows them to better understand their contribution and engage with the company’s goals and promotes a more efficient use of resources, especially time. This is all nice and sound, but how do you actually encourage teamwork at a workplace? Here are five ways to create creative and productive teams:
Categories: Best Practices FINANCES Goal Setting Guest contributors
Tags: entrepreneurs' organization teamwork Tess Pajaron tips
By John Huber, EO Nashville member and COO of Moo Creative Media
When it comes to business, the first quarter means hitting the reset button: New budgets, new ideas and, oftentimes, new talent. As the COO of a creative video content company, I’m always scouring for creative talent to fill the ranks. Specifically, employees who find innovative solutions to problems, readily see connections, execute as well as they ideate and foster an environment of imagination and possibility.
Categories: Best Practices LEADERSHIP Lessons Learned PEOPLE/STAFF
Understanding the How’s and Why’s about Hiring a PR Agency for Your Business
By Robert Udowitz, special to Overdrive and a principal of RFP Associates
Too often companies grumble about their experiences with public relations firms. Sometimes it’s over money, other times over strategy, and many times the hiring entity simply isn’t patient enough to see the fruits of an agency’s labors. At the end of the day, a rocky marriage between businesses and their PR firms can be traced to a lack of basic understanding of the public relations function – versus that of marketing or advertising. The result? Finger pointing, blame assigning and a lot of wasted time.
Categories: FINANCES PR/MARKETING Public Relations
Tags: best practices communications hiring lessons learned marketing pr rfp associates robert udowitz tips
By Ivan Serrano, special to Overdrive
As an entrepreneur you have a million things to do every day from hiring employees, marketing your brand and dealing with finances. Juggling all of these duties on a daily basis can be overwhelming to say the least. Luckily there are plenty of tools that can keep you organized.
Asana
Asana is a free and powerful project management tool that allows teams to communicate with each other in one central location. This is especially useful for entrepreneurs that employ virtual employees. Not only is it a great way to stay in touch with your team, it also keeps you up-to-date on their progress. You can create as many projects as necessary, assign tasks to team members, set due dates, add attachments and set goals and milestones. It also comes with a handy dashboard feature that gives you a high level view on the status of each project. It’s an excellent visualization tool and you can easily see how close you are to hitting your proposed deadline (or not).
Categories: Best Practices LEADERSHIP
Tags: asana google drive hootsuite mailchimp organization skype tips tools
By Dan Moshe, an EO Minnesota member and CEO of Tech Guru
It’s never just another day at the office around here. On any given morning, breakfast eggs are cooked to order, personal goals are discussed and nurtured, and continuing professional education is par for the course. When we decided to make Tech Guru’s business about caring, it had to start at home.
Categories: Company Culture LEADERSHIP
By Jarvis Nicoll, an EO Calgary member, and director and owner of Canada West Land Services, Ltd.
Experiencing year-over-year growth has been one of the best things that’s happened to me. I know what you’re thinking, and you’re right, I’m talking about the business … of balancing work and family.
I work in a sales-driven business where time seems to be the biggest challenge. The quicker decisions are made, the more I hear yes’s. The quicker I hear yes’s, the more people listen to me, and the more I get used to it. The problem exists when this mentality comes home. It did. I was caught, and I’m grateful for it.
Categories: Best Practices Inspirational
Tags: balance best practices family lessons learned life tips work
By Mark Tepper, the president of Strategic Wealth Partners and an EO Cleveland member
Writing procedural documentation for your business may rank down there with “reading the dictionary” on your list of things to do, but I assure you, it’s not only a necessary task—it’s an important one if you plan on selling your company at any point in the future.
Categories: Best Practices Entrepreneurial Journey general Lessons Learned
Tags: best practices better business entrepreneurial journey tips
By Tej Kohli, a Guest Contributor
When first setting up a company, I believe that it is the entrepreneur’s responsibility to hire the best people for their business. All too often, however, mistakes are made during the hiring process, proving that talent-spotting is in itself a talent that can be difficult to master.
Categories: Best Practices FINANCES Guest contributors LEADERSHIP Lessons Learned
By Glenn Karr, an EO Winnipeg member and the President of Superblinds & Draperies
When people tell me they’re shocked that I returned to university at 50, I laugh because I can’t believe it either. Over the past seven years, I finished my Bachelor of Commerce, CMA, MBA and law degree in addition to articling at a Winnipeg law firm—all while running a successful business.
Categories: Inspirational Lessons Learned
Tags: advice entrepreneurial journey inspirational motivational tips
