Forced Ranking is one of the hot button issues in business. This controversial management system puts employees into tiers based on employee performance. This is usually done with the intention of increasing productivity, but it can also have its drawbacks. If you’re a manager looking to incorporate forced ranking into your office, you should strongly consider its strengths and weaknesses ... Read More »
Author Archives: Business First Family
Free Market Resource Tools To Gain Insight Into Consumer Behavior
Free market research is crucial for entrepreneurs looking to introduce a new product. Unfortunately, many entrepreneurs are held back by the costs of hiring a professional marketing research firm. This should not be viewed as an end-all, as there are many ways to conduct research without spending a dime. Here are a few strategic cost cutting methods you can use ... Read More »
How To Bootstrap Business For Success With Little Startup Capital
Getting a new business off the ground takes time, effort, knowledge, energy… and money. In some cases, lots of money. The kind of money that, unless you’re independently wealthy, you don’t have laying around. Don’t worry; plenty of other folks do have that kind of money laying around, right? And possessing the right entrepreneurship traits puts you ahead of others, ... Read More »
6 Easy Tactics To Clean Up Credit Scores Fast
One of the biggest hurdles for entrepreneurs is that they often don’t have enough capital to turn their ideas into actual businesses. This leads to a need for loans or financing from a bank. This can turn into a problem if the loan seeker has bad credit. If you have an idea for a business and your credit score is ... Read More »
Tips For Applying To Business School To Get Accepted Easily
Entry-level business employees who want to move up in the corporate world may want to look into getting an MBA. Usually, that means applying to business school with an accredited degree program. This is not a simple process, however, as there are many preliminary steps one must take before putting forth a convincing application. From taking exams to timing applications ... Read More »
9 Investment Definitions To Help Beginners Navigate The Market
If you are interested in becoming a first time investor, you may have stumbled upon more than a few words you did not know the meanings to when doing some initial research. Learning terms associated with investing is almost like learning a new language. It is important that you learn these terms before you look for the answer to the ... Read More »
A Process Mapping Guide To Spark New Business Improvement
Process mapping is defined as an analysis of how work is done versus how it should be done. If you are wondering: what is process mapping? It illustrates all the steps taken in a particular process and putting them down on office paper. If you are a manager of any business, large or small, process mapping can help you to ... Read More »
How Excel Timesheet Simplifies Employee Hour Tracking Tasks
Excel is the best place to create, maintain and share timesheets for the business you manage. Unfortunately, it can be complicated to create an Excel timesheet from scratch if you are not all that skilled at using the software. That is where templates come to the rescue! You may worry that a template is not the right choice for you ... Read More »
5 Secret Social Media Branding Tricks For A Consistent Online Presence
Naturally, as a marketing manager, one of your major concerns is the brand of your company. In today’s society, the number one location that clients will be able to see your brand most frequently is on social media networks. That means you probably want to know the best way to effectively convey your brand through social media. This post will ... Read More »
Why Equipment Leasing May Be The Best Choice For Business
If you are in the process of opening your own small business, you may be considering new leasing equipment to lower start up costs. This decision is the first of many business challenges you will face. Leasing equipment may be the right choice for you, but most small business owners have varying needs. This post will cover the advantages of ... Read More »