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Entrepreneurship
Hackernoon
1w
371
Image Credit: Hackernoon
Avoid These 7 Leadership Mistakes That Will Limit Your Team’s Growth
- Leaders often make mistakes that impact their team's productivity and growth.
- Some common mistakes include prioritizing urgent work over important tasks, delegating without adequate support, and telling the team to avoid mistakes at all costs.
- Leaders may also let conflicts linger on for too long, tolerate bad behavior or poor performance, and be too busy and unapproachable for their team.
- Additionally, leaders may focus too much on execution without considering the big picture and why it matters.
- To prevent these mistakes, leaders should prioritize important work, empower their team with support, and treat mistakes as valuable learning opportunities.
- They should address conflicts in a timely manner, communicate clear expectations for behavior and performance, and be available and approachable for their team.
- Leaders should also use big picture thinking to motivate their team and connect actions to meaningful goals.
- By avoiding these common mistakes, leaders can build strong, highly performant teams that can achieve organizational goals and hit business targets.
- Remember, being a leader is not just about executing tasks, but also about building and growing a highly productive team that can take on future challenges and succeed.
- So, prioritize your team's growth, empower them with support, and use big picture thinking to motivate and energize.
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Inspirery
1w
141
Jeremy Wilson
- Jeremy Wilson founded Nextshoess in 2017 to create a global community of sneaker enthusiasts providing a carefully curated selection of stylish shoes and sneakers at competitive prices.
- The biggest hurdle for Nextshoess was gaining the trust of customers, as customers were wary of online sneaker stores because of issues like counterfeit products, delayed deliveries, and lack of customer support.
- Nextshoess differentiates itself by putting customer needs first, maintaining strong partnerships with trusted retailers, prioritizing affordability without compromising on quality, and fostering a sense of belonging and loyalty among its customers.
- The authenticity and quality of Nextshoess’ products are ensured by partnering with trusted retailers and suppliers around the world who share the company's commitment to excellence.
- Building a community has always been a core part of Nextshoess’ mission, with the company aiming to create a space where sneaker enthusiasts could come together to share their passion.
- Nextshoess listens to what its customers have to say to refine its services, improve shipping logistics to ensure faster deliveries, and expand its product range based on popular demand.
- Nextshoess maintains affordability without sacrificing quality by working closely with suppliers to secure the best possible deals, running regular sales events and special promotions and managing its supply chain efficiently.
- Social media, particularly Instagram, has been crucial to building the Nextshoess brand and community, interacting with sneaker enthusiasts worldwide and creating loyalty around the brand.
- Nextshoess invested significantly in its logistics and shipping processes to ensure that all orders are delivered on time and in pristine condition nationally and globally.
- Nextshoess plans to expand its product range, maintaining its quality and community spirit, and aims to become the go-to platform for sneaker enthusiasts worldwide.
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The Total Entrepreneurs
1w
192
Optimizing Business Operations with Enterprise Resource Planning Software
- Enterprise resource planning (ERP) software offers companies a comprehensive way to manage all their operations and streamline their processes.
- ERP systems centralize various business functions onto a single platform, fostering greater efficiency and collaboration.
- ERP systems ensure consistency and standardization in data and workflows, minimizing miscommunication and optimizing operations.
- Key benefits of implementing an ERP system include increased productivity, simplified IT management, enhanced communication, scalability, improved security, optimized inventory management, and cost savings.
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11 Likes
The Total Entrepreneurs
1w
125
A Closer Look at the iPad Mini with A17 Pro Chip: The Ultimate Tool for Business Professionals
- Apple’s new iPad Mini 7, powered by A17 Pro chip, offers portability, power, and advanced features, all packed into a sleek, ultra-compact device.
- With a weight of less than 300 grams and a size of just 8.3 inches, the iPad Mini is the ideal travel companion for business professionals.
- It offers a smooth multitasking experience with features like Split View and Slide Over, allowing you to work on two apps simultaneously.
- The iPad Mini’s advanced features help you stay connected with video calls, online meetings, and collaboration with clients and teams.
- It comes with advanced security features, including Face ID, hardware-level encryption, and regular security updates to protect sensitive information.
- The iPad Mini offers all-day battery life, meaning you can work through long meetings, busy schedules, or full workdays without needing to recharge.
- It supports fast charging via USB-C, allowing you to quickly power up and get back to work in no time.
- The iPad Mini with A17 Pro chip is a productivity powerhouse that can enhance your workflow, keep you connected, and protect your data.
- Pairing the iPad Mini with a durable and stylish case ensures that your device stays protected while maintaining a sleek, professional look.
- For business professionals in 2024 and beyond, the iPad Mini 7 is the ultimate tool that adapts to your professional needs.
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7 Likes
Eonetwork
1w
393
Image Credit: Eonetwork
Why Hiring Military Spouses Is a Growth Hack for Businesses
- Hiring military spouses can solve several challenges for small to medium-sized businesses.
- Military spouses are often underemployed due to employer bias around in-person work requirements.
- Military spouses are highly educated, resourceful, and motivated.
- MilSpouses are more motivated than ever because it is by choice.
- Many military spouses are re-entering the workforce and are interested in starting slow and then scaling up their hours.
- For small businesses looking to scale expenses slowly, MilSpouses are the perfect choice.
- MilSpouse community makes it easier to find more talented employees.
- Most Military Spouses Don’t Need Health Insurance. You can leverage that budget toward marketing or other growth efforts.
- Military spouses are capable employees who will exceed your expectations, beat deadlines, and challenge ideas to drive business growth.
- This makes hiring military spouses is a growth hack for your business.
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23 Likes
Blackenterprise
1w
159
Image Credit: Blackenterprise
Meet The Founder Of The 1st Black-Owned Gift-Wrapping Brand To Be Sold In Lowe’s And Hallmark
- Ardean Miller, founder of Mah Melanin, is the first Black-owned gift-wrapping brand to partner with Hallmark and Lowe's.
- Mah Melanin aims to celebrate the beauty and diversity of Black culture through their products.
- The partnership represents a significant step towards diversity and inclusion in the retail space.
- Miller is dedicated to empowering and inspiring other Black entrepreneurs.
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9 Likes
Seths
1w
4
Image Credit: Seths
The paradox of points
- Points can act as a scorekeeping system in various aspects of life.
- Excessive focus on points can lead to imbalance and disregard for other factors.
- Blind attachment to obvious points can diminish our independence and agency.
- Points that are subtle, variable, and user-driven can create insecurity and uncertainty.
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Leadgrowdevelop
1w
248
Image Credit: Leadgrowdevelop
What Essential Benefits Should You Be Offering Your Employees?
- Offering a comprehensive benefits package is crucial for attracting and retaining talent in today’s competitive job market.
- Key essential benefits to offer include retirement plans like 401(k)s and IRAs, providing financial security for employees.
- Comprehensive health insurance with timely access to medical coverage is vital for employee protection and trust.
- Work-life balance benefits such as flexible working arrangements and generous leave policies improve morale and productivity.
- Mental health support, including access to counseling services and stress management workshops, is crucial to foster a supportive work environment.
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14 Likes
Young Upstarts
1w
25
Image Credit: Young Upstarts
AI Is Finally Making The Paperless Office A Reality — Here’s How Your Business Can Benefit
- AI-powered tools like advanced OCR and machine learning algorithms are making paperless offices a realistic possibility for businesses.
- Early digital tools failed to eliminate paper creating a hybrid state where physical documents co-existed with digital files.
- AI-powered OCR makes documents searchable and organized on the spot, reducing time spent searching for specific documents.
- AI can learn workflow processes and automate tasks like inputting data into accounting software for payment records.
- Industries including E-commerce, Real Estate, and Consultancy are transforming their business operations with AI-powered tools.
- Facilitators exist to connect businesses with the right providers and guide them through deployment and integration to ensure a smooth transition.
- Switching to paperless operations with AI helps businesses save time, money, and become eco-friendlier whilst remaining operationally agile.
- Partnering with the right vendors makes the transition to paperless seamless and scalable.
- AI-powered tools streamline business operations, reducing errors, and freeing up teams to focus on growth.
- Advantages of going paperless with AI include reduced admin work, decreased printing, and storage costs, being eco-friendlier, and scalability.
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1 Like
TheStartupMag
1w
314
Image Credit: TheStartupMag
The Rise of the Conscious Entrepreneur – Four Tips for Success
- Conscious companies balance purpose and profits, making money while making the world better.
- Nearly 50% of US and Canadian founders start their businesses to make a difference in the world, according to the Global Entrepreneurship Report.
- Conscious entrepreneurs prioritize solving problems over making profit, and focus on serving customers and taking care of employees as the path to making money.
- Authentic marketing is key to attracting like-minded customers, and measuring impact adds value to the brand.
- Conscious entrepreneurs live their values every day and align business goals with a greater purpose.
- The Conscious Business Growth Platform shows entrepreneurs how to evolve their start-ups from zero to $1m and beyond.
- Profit is a means to an end, which goes beyond merely the balance sheet.
- Shift/Co is a growth program for conscious entrepreneurs that offers community, coaching, training and mentorship.
- Terri Maxwell has almost 30 years of experience launching, owning, selling, rebranding or turning around more than 50 brands.
- Conscious entrepreneurs balance purpose and profits to create a lasting legacy that goes beyond monetary gains.
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18 Likes
Blackenterprise
1w
298
Image Credit: Blackenterprise
Jayson Tatum Looks To Invest In Potential WNBA Team In St. Louis
- Jayson Tatum of the Boston Celtics is looking to invest in a potential WNBA team in St. Louis.
- Tatum is joining billionaires Richard Chaifetz and David Hoffman in their bid to bring the team to St. Louis.
- WNBA Commissioner Cathy Engelbert mentions intense competition from 10 other cities interested in having a WNBA team.
- Tatum has informally agreed to contribute behind the scenes to the group's pitch and the city's basketball history is being highlighted in their presentation.
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TechBullion
1w
206
Image Credit: TechBullion
Valery Miroshnikov: Career at the DIA
- Valery Miroshnikov was born in 1969 and began his career in banking in 1993 as a part of the Central Bank department that inspected domestic credit institutions.
- He served as Deputy Head of the Central Bank’s department for dealing with insolvent financial institutions and Rehabilitation and Development department from 1996 to 1999.
- Valery Miroshnikov joined the state corporation ARCO and participated in the formation of the deposit insurance institution in Russian banks.
- In 1999, he took the position of the Deputy General Director of the DIA, which administered deposit insurance for domestic banks.
- Valery Miroshnikov designed the pilot version of the new deposit insurance system that significantly increased public trust in credit organizations in a few years.
- In 2005, Valery Miroshnikov became the First Deputy Head of the DIA responsible for corporate bankruptcy administration for financially unstable banks.
- He developed the law that requires depositors to be compensated in two weeks by DIA in case of banks losing their license, up to the insured amount, which has gradually increased over time.
- Valery Miroshnikov also contributed to two laws on credit institution restructuring and on bankruptcy adopted in July 1999 and August 2002.
- He proposed criminal penalties for credit institution managers who failed to comply with data storage regulations and advocated extending deposit insurance coverage to legal entities.
- Valery Miroshnikov resigned from the DIA in the summer of 2019 after 15 years of service, and his mechanisms have helped the successful operation of DIA even after his departure.
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Young Upstarts
1w
269
Image Credit: Young Upstarts
7 Tips To Build A 7-Figure Revenue Startup
- To create a 7-figure startup a solid strategy and approach to business is needed to speed up a pathway to success.
- Finding a niche for your business can make it easier to target the right demographic to sell your service or product.
- Digital and social media marketing is an essential approach to build your brand and increase sales, through social media engagement.
- More streams of income to make scaling one's business easier and to drive revenue through it.
- Innovation in customer service and deliverables to provide a positive interaction is vital for creating a long-lasting relationship with customers.
- Automation is another essential for startups: AI and task automation can save you time and money and allow you to focus on running your startup.
- Taking advantage of email lists is crucial as they are excellent revenue-generating machines.
- Sales funnels are the most potent business tool as they lead customers from initial awareness of your business to the eventual purchase.
- Many startup founders begin their journey with the aim of succeeding while maintaining their startup spirit to achieve greater profits.
- Startups should put in the commitment and hard work required to build a strong foundation, but there are many opportunities for them to be successful.
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16 Likes
The Total Entrepreneurs
1w
159
Understanding Sales Tax Nexus for Businesses and Accountants
- Sales tax nexus is a complex challenge in accounting, especially for businesses that operate across multiple jurisdictions and through digital channels.
- Sales tax nexus is the connection between a business and the taxing jurisdiction that creates an obligation to collect and remit sales tax.
- Types of nexus include physical, economic, and click-through and marketplace nexus which apply to new modern business models.
- The differences between states in nexus thresholds, registrations, compliance requirements, filings, and frequencies create complex compliance obligations.
- Modern sales tax compliance relies heavily on technology, including integrating with existing accounting and e-commerce systems, calculating tax rates, and maintaining updated tax rules.
- Regular nexus studies, reviews, regular updates and monitoring sales tax laws and regulations across multiple jurisdictions and the use of sophisticated compliance systems are crucial in mitigating sales tax risk in businesses.
- As sales tax landscape continues to evolve, it creates a challenge for businesses, which also impacts accounting professionals to stay informed about changing requirements and provide strategic advisory and implementation monitoring services.
- Regular assessment and updates of nexus determination and compliance processes help ensure businesses meet their obligations while minimizing risk and maximizing efficiency in an increasingly complex tax environment.
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TechBullion
1w
143
Image Credit: TechBullion
The Rise of Online Marketplaces: Opportunities for Entrepreneurs
- Online marketplaces have become crucial platforms for entrepreneurs to launch or expand their businesses.
- They provide access to a wider audience and eliminate geographical restrictions.
- Operating within an online marketplace lowers operational costs and offers built-in logistics and payment processing systems.
- Entrepreneurs should carefully choose the right marketplace and consider fees, regulations, and potential profitability.
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