A business transition refers to an event that may result in an alteration in the ownership of an enterprise. It's essential for a business professional to understand how to put a company in a strategic position to impact the successive terms of the alteration of ownership. Transactions of business transition can be complicated. It's essential to understand the key fundamentals … [Read more...] about 8 Steps for Planning a Smoother Business Transition
Business
3 Qualities of People Who Run Successful Side Businesses
Do you want to start a side job but wonder if you have the right stuff to run a successful side business? The gig economy is taking hold and now is the time to jump in. Check out these qualities of effective side business owners to see what it takes. Swimming Against the Tide: The number one commonly held trait amongst side business owners is the realization that the 9-5 life … [Read more...] about 3 Qualities of People Who Run Successful Side Businesses
When to Inform Your Team of Major Developments in Your Business
Anyone in a leadership position faces the same basic conundrum when it comes to communicating key developments with your team. The questions of how, when, and why can all become a little bit overwhelming when you consider the impact that it will have not just on employee morale but on the business at large. That's why it's important to operate within a few key parameters … [Read more...] about When to Inform Your Team of Major Developments in Your Business