BUSINESS INSIDER – Lexis Czumak-Abreu, once aspiring to be a surgeon, found fulfillment in becoming a full-time electrician. With a family background in electrical work, she embraced the challenges and rewards of the trade, appreciating the tangible outcomes and variety of daily tasks. Lexis also faced and overcame the physical demands and occasional workplace biases of the industry, ultimately finding satisfaction in her chosen career path.
By Ella Hopkins
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HBR – Managers can ensure accountability while maintaining team morale by adopting three key strategies. First, establish clear expectations and consistently communicate them to prevent misunderstandings. Second, provide regular, constructive feedback that focuses on behaviors and outcomes rather than personal attributes. Finally, create a supportive environment where team members feel safe to discuss challenges and seek help. These approaches foster trust, improve performance, and enhance overall team cohesion.
By David Rock, Emma Sarro, and Chris Weller | JUN 12, 2024
ENTREPRENEUR – Kenny Clark, a Texan, wanted to buy a Minuteman Press franchise but found the cost of opening a new location too high. Instead, he decided to buy a failing location and turn it around. This strategy is often overlooked in franchising, but there’s plenty of supply. Clark bought a failing store for $11,000 and turned its annual revenue from $30,000 to over $750,000. Franchise turnarounds are a great opportunity for savvy business operators, but they’re not as easy as they might appear. To succeed in a franchise turnaround, the 3 essentials are: fixing your team, reputation, and community relationship. Clark learned these lessons through his experience. He had to rebuild the store’s reputation and become essential to his community to catapult the turnaround truly.
By LIZ BRODY | JUL 16, 2024
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1. Form Strategic Partnerships: Collaborate with businesses offering complementary services. For example, a marketing agency partnering with a web development firm can provide clients with a full range of services, improving client retention and attracting new customers.
2. Leverage Technology Providers: Partner with leading tech providers to access advanced tools and early tech innovations. For instance, a marketing firm can use AI and analytics from a tech partner to enhance campaign effectiveness and stay competitive.
By Nicholas Leighton | JUL 31, 2024
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