Over 50 percent of employees say that workplace trust has a huge impact on their overall daily work experience. Trust is a key ingredient for effective teamwork and successful leadership outcomes. It is good for morale, promotes communication, improves employee satisfaction and boosts productivity. This is why trust must be constantly nurtured to ensure strong and healthy relationships. As a business leader, you have a responsibility to create a high-trust workplace culture. But how exactly can you build a loyal and trustworthy team?
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Disruption can happen to any small business or their industry. An interruption in supply or a sudden shift in demand can interrupt your course. Many small businesses flounder when the rug is pulled, but some have shown undeniable resilience. What is the difference between delicate small businesses and those capable of growing and thriving after a major disruption?
Ambitious entrepreneurs dream of opening a business, of being their own boss, and of making a difference through their business. How you start the business and what resources you use are decisions to be made along the way? The strategies, branding, and structure of your business will, naturally, be shaped by the opportunities and business model you build to become your business. As a savvy business person, you know that you'll be building your business structure based on the best choices available to you.
Becoming the owner of a company is a big step for any professional. It may be the next practical step in your career or the most forward-thinking way to invest your resources. Starting or buying a company has the potential to become revenue well beyond the initial investment. As a team or solo leader, the biggest challenge is getting established. Finding a place, building a team, designing a brand and spreading awareness; are big tasks. You'll also be building a working business model from scratch.
Life as a franchise owner can be exciting, rewarding, and incredibly motivating. But to enjoy these benefits, new franchise owners must be prepared to overcome some of the challenges that may arise during their journey to success. Below is a look at some of the benefits of owning a franchise and three lessons that can help newcomers make a smooth transition to franchise ownership.