Leadership Challenges with Manager-Machine Structures

The business literature is full of discussion on the new management structures, and the hybrid nature of machine-human models for managers. This change is not new, and language such as ‘hybrid’ and ‘manager-machine’ is causing an unfortunate misunderstanding about the nature of the collaboration that has been developing over some years. Managers have been using machine intelligence to make decisions for some time. When discussing machine intelligence, AIs, with all the connotations from science fiction movies of...

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4 Things Every Business Owner Should Know About Cash Flow

Cash flow is a misunderstood, yet incredibly important business metric. Here are four things every business owner should know about cash flow to keep their company financially healthy. A cash flow statement tells you if you’re generating or using cash Plain and simple, a cash flow statement tells you if you’re gaining or losing cash. It doesn’t give any insight into sales, debt, future profits, or taxes. It just gives you an idea of how much cash you have and how that figure is trending. Revenue = Cash Flow  At one point or...

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3 Tips to Dramatically Boost Your Bottom Line

When you run a small or medium-sized business, small changes can lead to big results and you can dramatically boost your bottom line. Yes, there’s definitely something to be said for working hard but there’s also something to be said for working smart. And you can apply these concepts to your business as well as your life. Here are a few ideas to apply the concept of working smart to your business: Go Digital: Developing an online presence, which consists of a website, blog and social media pages, is relatively inexpensive....

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Making the Most of Your Employees’ Strengths

Motivation is one of those topics about which a great deal has been said and written. There are self-help gurus who imply that all your problems in life can be solved if you motivate yourself better. And that all business problems can be solved if you motivate your employees to work harder and better. But the truth is that maximizing employee performance has less to do with motivation and more to do with making the best of each employee’s strengths. Understanding an Employee’s Strengths If you have an employee who’s very...

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5 Indicators of Success in Your Small/Medium Business

For a small or medium-sized business to become more successful, it has to live up to its potential. You don’t necessarily have to grow a business to make it more successful. It’s not only large businesses which succeed. Even a small business can be considered successful if the sales numbers are much higher than the running costs. So don’t judge the success of your small or medium-sized business only on the basis of its gross income. It’s the net income that matters. Here are some of the other indicators of success in a...

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