To lead well and to accelerate the growth of your business, you need to have firm grasp on the productivity of your business and the engagement of your employees. The speed of growth for you and your start up depends on how well you analyze and respond to critical metrics. Indicators such as profit and revenue, website conversion rate, and overhead costs are must-haves. Here are three other key performance indicators that can help you run a tight shop:
They are young, hip and trendy. They do everything online and many can be spotted walking or biking to work or getting on and off the subway with earbuds in and eyes cast downward on their phones. They are the Millennial generation, adults ages 18 to 34, and they may be casual but they are also generous, kind and purposeful, and every nonprofit needs them. Lauren Sims, CURE Childhood Cancer’s Director of Development, is a Millennial and offers “Do’s and Don’ts” when it comes to reaching this generation.
If you are reading this article then you are probably leading a team or running a business and are curious what I mean by this title. If you haven’t had to do any hiring lately – CONGRATULATIONS! If you have, then you know how very difficult it is to find great talent. This may be the wildest market I’ve seen – in some ways more active than the late 90s. This is due to the fact that, in order to beat the competition, businesses are utilizing all sorts of new tactics to attract talented individuals to their ranks. I actually saw a help wanted LED sign on the Boulder Valley YMCA – and they need a bunch of folks. When was the last time you saw help wanted at the YMCA?
You’ve probably heard of people stealing, buying and selling credit card information. You don’t want your business to be the victim of such a transaction. But on any given day, your small business is now vulnerable.
The cardholder’s issuing bank previously took care of these situations. Previously.
That’s the way it used to be. Now your small business could be the one that is liable–not the issuer.
Exploring the Dark Arts of Jackassery with Thrive15.com Founder (and recovering jackass) Clay Clark
Fortunately, as the former U.S. Small Business Administration’s Entrepreneur of the Year (and recovering jackass), I get asked to help grow businesses in nearly every industry. Unfortunately, and sadly as a business owner who once practiced the dark art of “Jackassery,” I can empathize with nearly every poor decision they are making because I used to make the same poor decisions as well. My friend, when banks refer me to a business to help them grow or to “turn the ship around” I often see businesses that are crashing and burning firsthand.
Help employees map their goals. Too often, employees will view their personal career objectives completely separate from their current goals at work. Yet much of what your employees do on a regular basis supports long-term career trajectory and builds valuable skillsets. Employees feel stressed when they are working hard at their job because they don’t feel like it’s doing much for their career. Managers should help employees map out their goals so they can see the connection between personal and work goals, how and when they intersect and why certain goals should remain top priority.