As a time coach, I talk to people who want to live a more balanced life on a daily basis--including startup founders. It can be a struggle, but my real-world experience has uncovered that yes, founders can achieve work-life balance -- IF all five of the following conditions are met:
Can Founders Ever Achieve Work-Life Balance?
There's a technology-driven revolution happening in HR these days. It's called self-service and it gives employees more power over their careers. This leads to more engaged, empowered and productive teams.
5 Attributes of a World-Class Workforce
For those of you out there who like to gleefully smirk about "strategy"; let me explain it immediately here at the start (and hopefully once and for all): Strategy is a necessary condition for success. But it is not a sufficient condition -- we (strategy professors) are not that stupid.
Strategy Is Necessary but Not Sufficient
When Hala Moddelmog took over 48-year-old sandwich chain Arby's in 2010, sales had been falling for years, profits were down and the then-parent company Wendy's/Arby’s Group posted a $4.3 million loss. However, in the last three years, she's led an aggressive turnaround plan that's starting to pay off. Arby's has had nine consecutive quarters of same-store sales increases and year-over-year profit growth of nearly 85%.
The Hiring Secret Behind Arby's Turnaround Success
Communication: This will be a short post because if it weren't, I'd be guilty of doing what I'm telling you to avoid.
Rule No. 1: Get to the Point
My only goal when I first launched Formula was to ensure that I made enough money to survive the subsequent month, with little to no forward thinking or planning. Unfortunately, I think that many business owners still think that way regardless of their size, revenue or business offering. When I finally made the commitment to do some future business planning, it included many short and long-term benefits, including ensuring that my senior executives understood what we were trying to accomplish and the roles they would play in helping us get there.
4 Reasons You Need to Set Business Goals
Assessment: Use this quick-assessment to evaluate how effective your financial reports are in assisting you in managing your business.
An assessment checklist for CEOs
Sick Leave: Do employees have the right to paid sick days?
Are Small Businesses Suffering From Paid Sick Leave?
Marketing: When you commit to marketing your business consistently over time, you begin to benefit from something very similar to compound interest or the snowball effect.
The Key to Marketing: Don't Flip Flop
Partnership: My apprentice of four years has proved to be a valuable asset and I like working with her, as we have the same business ethics. Should I make her a partner in my business?
When to Make an Employee a Business Partner
Healthcare: I have many older employees and pay a lot for health insurance because the cost is determined by the age and health of my employees as a group. What if half of my employees opt not to take the coverage our company offers?
Cutting Health-Care Costs for Aging Employees