By Jolie Kerr, CNN Underscored
1. Expect the Unexpected: Adapt quickly to changes and have backup plans. For example, if your primary supplier fails, have alternate suppliers ready. Flexibility helps seize unexpected opportunities.
2. Outsource Early and Often: Delegate routine tasks to focus on core business activities. For example, hire freelancers for administrative work, allowing you to concentrate on strategic planning and growth.
By Danielle Sabrina | AUG 5, 2024
Read the original article at ENTREPRENEUR
Source
INC – Chegg’s strategy to retain long-term employees includes offering $100,000 toward their children’s education after five years of service. This significant investment in employees’ families fosters loyalty and reduces turnover. By addressing a major financial concern, the company enhances employee satisfaction and demonstrates its commitment to their well-being. This approach highlights the importance of understanding employees’ needs and providing meaningful benefits that support their personal and professional lives, leading to a more dedicated and stable workforce.
By SYDNEY SLADOVNIK | JUN 17, 2024
1. Focus on Solving Customer Problems: Instead of promoting your product’s features, identify the customer’s problem and explain how your product solves it. Example: If your company sells eco-friendly packaging, emphasize how it helps businesses reduce their carbon footprint.
2. Balance Bold Marketing with Honesty: Avoid overpromising; ensure your product can deliver what you claim. Example: If your software speeds up processes by 20%, don’t exaggerate to claim it doubles productivity.
By Anirudh Dhebar | AUG 8, 2024
Read the original article at ENTREPRENEUR
