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Effective Management Techniques to Reduce Employee Turnover

The Startup Magazine

Perhaps it won’t be wrong to say these staggering numbers are a wake-up call for organizations to take employee retention seriously. Otherwise, they will (sooner or later) experience the resource drain, high overhead costs & low employee productivity. What Is Employee Turnover? So, let’s get started.

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10 Remote Staffing Blunders That Will Cost You Dearly

Startup Professionals Musings

These days, it is almost impossible to find a small business where everything is done by full-time employees, in the office or at home. These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure. Don’t over-manage remote workers, but don’t expect them to manage your business.

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Significance of Strategic Operations Management in the Electronics Industry

The Startup Magazine

Strategic operations management in the electronic industry is not easy. Catering to a diversified niche at every level is tough, mainly because each product and service shall require some type of differentiation in the typical operations management within the manufacturing plants.

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5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Image via Flickr by Phil Gyford Starting a new venture still costs real money, even though the entry price has come down dramatically in last few decades. For example, I come from a software background, and back in the early PC days, it could easily cost half a million dollars for a team of professionals to produce a commercial product.

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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Don’t wait until you are almost out of cash before managing every dollar spent or looking for the next refueling from investors. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day.

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5 Effective Financial Management Practices Used in the Hospitality Industry

The Startup Magazine

These include high costs, competition, and shifting regulations. While hotels and other businesses in the sector need to establish sound financial management practices, it can be difficult to find time for extensive training. Leveraging Revenue Management Solutions. Using a Scheduling Tool to Automate Employee Schedules.

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How Modern Tech Helps Businesses Manage Their Fleet Better

The Startup Magazine

In today’s fast-paced world, businesses with vehicle fleets are constantly seeking ways to improve efficiency and productivity while reducing costs. Modern technology has made it possible for fleet managers to optimize operations, streamline vehicle acquisition, and leverage telematics innovations to their advantage.