Doug and Polly White
Principals, Whitestone Partners Inc., a management-consulting firm
Doug and Polly White own
Whitestone Partners Inc., a management-consulting firm that specializes in helping small businesses grow profitably. They are also co-authors of Let Go to GROW, a bestselling book on why some businesses thrive and others fail to reach their potential.
Inspiring Your Team
Hiding gaps, dissembling about negative reasons for gaps and failing to upgrade skills when you are out of work are all no-no's.
Competition can be a catalyst for innovation for innovation and improvement. So, don't squelch it at your company.
Hiring good people is just the first step. You need to manage relationships with employees continuously in order to reap the benefits they bring.
Growing a Business
Business owners often believe that figuring out how to grow their business will be their biggest challenge. But that's just the start.
Sometimes, you simply don't want to grow. And that's okay.
Cross-training employees on every job in your organization ensures that you'll never be held "hostage" to a difficult, if skilled, employee.
Risk tolerance is the factor that will often help you determine which of your options is best.
Predicting potential revenue from clients in various parts of the sales pipeline is hard. This technique can help.
Discounts sound good. But consider: Discounting strategy has its pros and cons.
The first thing you need to determine? The close rate needed to break even.
Client Relationship Management
Developing and managing client relationships is critical to the success of a professional services firm.
net income statement
These six tips can help you glean how healthy your business is.
For most employers, deciding whether or not to fire an employee is the toughest call they make.
Feedback should be tailored to the individual, well thought out and delivered close to the event. Anything else will limit the motivational effect.
First, do you really need training at your company? Second, should it be sourced internally or externally?
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© 2017 Entrepreneur Media, Inc.