Remove moral-money
article thumbnail

7 Staffing Strategies That May Cost You Your Business

Startup Professionals Musings

Hiring good people without a strategy and structure invites inefficiency, low morale, and chaos. We all make staffing mistakes, so it’s most important to quickly fix them, before the morale of the whole team is impacted, or your business loses some key customers. Hiring before organizational structure is defined.

Cost 260
article thumbnail

How To Boost Workplace Morale In Hybrid Teams

The Startup Magazine

As a manager or an employer, low morale is one thing to avoid in your team. When your workplace morale is low, and the team seems to have lost its focus, it’s essential to take immediate action to revive the team’s morale back to normal. Below are ideas on how to boost workplace morale in a hybrid team. Bonus Programs.

Retention 144
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Ways To Hire Your Way To Failure In A New Venture

Startup Professionals Musings

Hiring good people without a strategy and structure invites inefficiency, low morale, and chaos. We all make staffing mistakes, so it’s most important to quickly fix them, before the morale of the whole team is impacted, or your business loses some key customers. Hiring before organizational structure is defined.

Hiring 339
article thumbnail

8 Tactics To Make Service Your Competitive Advantage

Startup Professionals Musings

Most leaders agree that poor customer service is a business killer today, in terms of lost customers, reduced profits, and low morale. Yet the average perception of customer experience has not improved. In the past, competitive advantage was all about economies of scale, advertising power, and service versus price.

article thumbnail

7 Goodwill Factors Will Raise Your Business Valuation

Startup Professionals Musings

They look at your track record, industry leadership, marketing energy, moral values, and peer relationships. Of course, Jeff Bezos no longer needs investors, but he worked hard in his early days courting potential investors, building relationships and credibility that allowed him to get the money he needed to scale his company quickly.

Valuation 368
article thumbnail

6 Ways To Build And Capitalize On Personal Leadership

Startup Professionals Musings

For example, I often hear from aspiring entrepreneurs that “I had that idea first, and he stole it, and is now making money on my idea.” Both self-leadership and business leadership require a solid platform for decisions, based on moral and personal values. Build your character and reputation with personal values.

article thumbnail

7 Leadership Failures To Abolish In Your New Venture

Startup Professionals Musings

In business, when you are making mistakes, it’s costing you time and money. With associates, making mistakes will cost you in productivity and morale, and will kill their image of you as a leader. Appear disorganized and manage things haphazardly. Doing things haphazardly is prone to mistakes. Fail to see the positives in others.