Managers listen up: Providing employees with tools to achieve their fullest potential is a much for effective strategy for company growth than just showing them how to complete everyday tasks and overseeing their duties.
Mike Michalowicz, author of The Toilet Paper Entrepreneur, on when and how business owners should offer credit to customers. His advice: Start with small amounts to build a history and reward good behavior, but also enforce penalties on late payers.
Shark Tank judge and angel investor Barbara Corcoran describes how she grew the Corcoran Group, one sales person at a time. Starting from her couch, her real-estate firm eventually expanded to 1,000 people. Her bootstrapping followed a simple formula.
Mike Michalowicz, author of The Toilet Paper Entrepreneur, on when and how business owners should take a paycheck. His advice: Make it a percentage of your revenue but also consider how efficiently you run your business. Part of our Coaches Corner series.