One Startup’s Entrepreneur Makes Him Stand Out By Sharing His Business Data Publicly on LinkedIn

ENTREPRENEUR – Martins Lasmanis, the founder of Supliful (an on-demand platform for launching and operating skin care, supplement or packaged food brands), chose to share his startup’s journey on LinkedIn with brutal transparency. By posting real business data including detailed monthly updates, including key metrics, highlights, and future plans, without sugarcoating. He stands out and builds confidence in his company’s fundamentals. This approach has helped Martins’s startup, Supliful, capture investor attention, build stronger customer relationships, and attract organic supporters. Unexpectedly, it has also facilitated talent acquisition, drawing experienced professionals eager to be part of the company’s transparent journey.

By Martins Lasmanis | JUL 8, 2024
Read the original article at ENTREPRENEUR

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Empathy and Proactivity: Unconventional Approaches to New Boss Challenges

Executive coach Sharmin Banu suggests practicing empathy with new bosses making rushed decisions. By understanding their pressures and stress, employees can better navigate challenges. This unconventional approach of “putting yourself in your boss’s shoes” can help mid-sized companies maintain stability during leadership transitions.

Organizational psychologist André Martin advises asking new bosses two key questions: “What do you need?” and “How can I help?” This proactive approach helps employees build trust and influence decision-making. For mid-sized companies, this strategy can foster better communication and reduce conflicts caused by hasty leadership decisions.

By Rebecca Knight | SEP 11, 2024
Read the original article at HBR

Key Strategies to Navigate Financial Challenges and Avoid Bankruptcy in Emerging Markets

WSJ – Fisker’s bankruptcy highlights critical strategies for managing financial challenges in emerging markets. Managers should prioritize securing reliable funding sources and maintaining a strong cash flow. Regular financial audits and stress tests can identify potential vulnerabilities early. It is essential to build partnerships and alliances that can provide stability and support. Diversifying the product line can reduce dependency on a single revenue stream, and transparent communication with stakeholders can build trust and facilitate crisis management. Adaptability and proactive risk management are crucial for long-term sustainability.

By Sean McLain | JUN 18, 2024

Read the original article at WSJ

Quiet Vacationing Becomes Popular Especially Among Millennials: How A CEO Deters This Issue

BUSINESS INSIDER – Quiet vacationing (or taking time off or working remotely without informing your boss) is becoming more popular, especially among millennials. A Harris Poll survey shows that nearly four out of ten millennials take time off without informing their superiors. David Barkoe, CEO of Carve Communications, believes the key to addressing this issue is to establish a culture of trust. He advocates for employees to “live their life but get the job done,” and practices this culture through flexible work arrangements, such as allowing employees to adjust their work hours or work remotely.

By Kelsey Vlamis | JUL 5, 2024
Read the original article at BUSINESS INSIDER

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