article thumbnail

Key Strategies for Aspiring Entrepreneurs Considering Franchise Ownership

Strategy Driven

While the allure of operating under a recognizable brand can promise a certain degree of stability and support, it is imperative to evaluate all associated risks and benefits carefully. Training and Support Systems Training and support from the franchisor can dramatically influence the success trajectory of a franchise operation.

article thumbnail

6 Tips for Preparing Your Business Move

Strategy Driven

Inform your employees orally, through delegates, posters or even your website. It is, therefore, recommended to delegate this task to professional moving companies. External collaborators (customers, suppliers, and shareholders) need to send documents regularly (invoices, purchase orders, complaints, etc.).

Tips 75
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Steps To A Running A Better Business

Strategy Driven

The five steps below will give you more insight into what you can be doing on a regular basis to improve your office environment and run a smoother operation overall. Delegate out Tasks. What will help you succeed is if you don’t ever get too comfortable in one place and are always striving to better yourself and your business.

article thumbnail

Are You Taking Care of Busyness and Working Overtime?

The Practical Leader

They documented huge differences in comparing 600 companies. A similar study by The Economist Intelligence Unit of 343 business found “the firms that ‘slowed down to speed up’ improved their top and bottom lines, averaging 40% higher sales and 52% higher operating profits over a three-year period.”

Kaplan 52
article thumbnail

An HR’s Guide: How to Manage Remote Employees?

HR Digest

With the number of remote workers on the rise due to new technologies, more companies are beginning to offer remote opportunities as a means of promoting talent acquisition, retention, work flexibility and above all, less operational cost. Set clear expectations – make their goals clear. Enable work collaboration.

article thumbnail

Personal Mastery to Continuous Improvement

Mike Cardus

For example, consider a new manager who has to set-goals, develop plans and delegate tasks BUT was never taught a method for how to do this. The manager freaks out ( learning by drowning) YELLS at someone, and poorly delegates the work. Delegation as an example. Rote Copying. This is a shared standard.

article thumbnail

How to Improve Clinic Productivity

Strategy Driven

However, increasing the productivity of your practices without similarly increasing one’s operating costs or payroll is far more effective. Adopting electronic medical records and having tablets that can always call them up (and places to charge them and update them as necessary) can streamline operations.