Maximize Employee Performance With The 70-20-10 Learning Model

Businesses are always looking for the best ways to educate their employees. Whether it’s classroom education, job shadowing, hands-on training, or just letting employees get the experience they need on the job, there are lots of educational methods available. The key has been finding the proper ratio to use these methods in. One answer is to use theĀ 70-20-10 learning model. What The Model Says The 70-20-10 learning model is a fairly simple mechanism. In short, it says that 70 percent of learning will come from completing difficult jobs,...

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6 Simple Tips for Improving Team Performance

Looking to build a better team and improve your team’s performance? Use these tips to motivate your employees, maximize their performance, and achieve your goals. Define Your Vision You need to stand for something. Your team should have a clear objective in mind. When they have a purpose and their goals are clear, they will be more motivated to work towards achieving them. Set the Environment Make sure the environment is the right one and is conducive towards success. Keep it cheery, positive, and full of encouragement. Don’t let...

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3 Tips to Pass on Your Family Business and Retire Comfortably

Let’s face it. No one wants to work forever. We’re all looking forward to retirement, maybe traveling a little bit, playing golf with our friends or finally taking up that painting hobby that we never got to pursue because of our hectic schedule. But in order to leave your business, you need to be assured that it’s in good hands. And often, because of some reason or the other, you may not have been able to get around to training anyone to handle the day-to-day workings of your business. So here are a few tips to get you...

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How Business Advisors Can Provide Support to Construction Companies

One industry that has continued to provide significant profits and cash flow to successful business owners is the construction industry. While the construction industry could be a very profitable industry, it does require a lot of skill and expertise to properly select and price jobs and manage your cash flow. If you are looking to improve your cash flow and accounting practices for your construction business, working with a consultant could be very beneficial as they will provide several valuable services.   Project Pricing and Budget...

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5 Problems Small Businesses Face

Running a business is a skill that takes years to acquire. Before that happens, small business owners often run into the same problems. Here are a few things to look out for: Cash flow Finalizing lots of sales must mean that you have sufficient cash at hand, right? Wrong. In fact, this might be the most dangerous assumption small businesses make. Cash flow is entirely different from revenue and profits. You need to keep an eye on your cash levels to make sure accounts are paying their bills. Fatigue It’s common for small businesses to...

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