One should earn and retain the privilege that is entrusted to them to oversee finances of an organization. Respect the budget and be mindful of what you need to accomplish and how to strategically invest in your upcoming opportunities and innovation. Don’t be wasteful.
Money doesn’t change people
Money and power don’t change people, they expose them for what they have been all along.
How to retain best talent?
Talent matters, a lot. When it comes to attracting and retaining top level performers (those who play nice with others), I believe that we could all do more. This pertains to people who are great team players, leaders, collaborators, communicators and have enviable functional skills. While money helps, it is not the primary motivator for all people which is why …
Don’t chase money
Money isn’t enough. While it can be a powerful motivator for many, money alone is not enough to make you happy and help you enjoy what you do. Instead, position yourself where you enjoy (even love) the journey, not the destination. Furthermore, spend time, effort and energy on what you are great at paired with market need and you can’t …
How to negotiate successfully
One of several skills that will be useful in all aspects of your life is knowing how to negotiate.
When is it time to make a career move
Lack of progress (both personal and professional) over a long period of time is indicative that it might be time for you to begin exploring other options. It is important to understand that at some point in time, it is no longer valuable to you to keep hoping that things will change, especially things over which you may not have …
Don’t give up your business equity too soon
Business equity should be valued and not given away easily and at first opportunity.
To survive your business must be profitable
Profit dictates your organizational sustainability, longevity and its very existence. Whether you are in for-profit or non-profit sectors, you have to be profitable in order to pay your people, rent, utilities, technology, vendors…and the list goes on. While the growth doesn’t need to be substantial in every instance, even a single digit percentage increase in revenues (ideally in profits as …
Invest in people first
People must come first in all you do and here’s why. If you invest time, attention, focus and financial resources into attracting, retaining and growing the best people you can afford you will be positioned adequately to improve and grow your business. It all starts with people first, then processes, policies, followed by technology and everything else in THAT order. …
How to price your product or service
Pricing your product or service effectively is of great relevance with respect how well it will be received in the market. While it is not the only aspect of importance, it certainly impacts how your prospective clients will think about the value of your product or service. In order to be competitively priced, you must learn all you can about …
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