By Jolie Kerr, CNN Underscored
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Doug Adlam’s tech startup, Finmo, faced bankruptcy when an investor pulled out. With only 11 days left, they managed to secure funding just 22 minutes before payroll was due. This experience highlights the importance of perseverance and quick thinking in crisis situations. Companies can learn from this to develop resilience strategies, potentially outperforming larger competitors in adaptability during financial challenges.
Adlam’s mortgage company won “Brokerage of the Year” at the Canadian Mortgage Awards in 2017, despite having fewer than 25 employees. This unexpected triumph demonstrates how smaller firms can compete with industry giants by focusing on client commitment and team values. Companies can leverage this lesson to build strong company cultures that attract top talent and clients, potentially outshining larger competitors.
By ENTREPRENEURS’ ORGANIZATION | OCT 06, 2024
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FORTUNE – CEOs should separate their company’s core values from political ideologies to maintain a non-partisan stance during election years. Focusing on values that align with the company’s mission ensures consistent decision-making and communication. Transparent communication about the company’s position on issues relevant to its business is crucial, while avoiding endorsements of specific political parties or candidates. Encouraging open dialogue within the organization fosters a respectful and inclusive work environment, helping to minimize division and maintain unity. This approach allows CEOs to navigate political landscapes without compromising the company’s integrity and cohesion.
By ANNE CHOW | JUN 25, 2024
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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
