Posts by Matt Tarkenton
How Habits Lead to Organizational Efficiency
Whether you lay out detailed instructions for the daily duties of your employees or you prefer to take a more free-rein approach to management, it’s extremely important that your employees develop the right habits. Here are a few steps to follow that promote maximum efficiency within an organization through habitual processes. Identify Necessary Procedures Start…
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Pricing Strategy: Factors to Consider
How to price your product or service is a critical decision that your small business must make and will directly determine your ability to succeed in an uncertain economic environment. If you set a high price for your product, how much business will you lose? If you price a product too low, how much are…
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Encourage Independent Thinking
An important element of an open corporate culture is a team full of people who are all thinking about ways to help the business. Encouraging independent thinking among your team members will generate new ideas and give everyone a stake in your business’s success. Benefits of Encouraging Independent Thinking There are many benefits to encouraging independent thinking…
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Converting Prospects into Paying Customers
As a small business owner, your number one goal at all times is to find ways to get one more customer. You’re looking for ways to convert every business prospect you can into a paying customer, starting with just one purchase until they become a regular. As a result, it can be particularly disheartening when…
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Job Interview Questions You Should Ask Candidates
Job interview questions should help you to get to know the candidate and how they will fit in with your company. You want to know more about a person than just their skills and whether they meet the job requirements. You want to know if a candidate will fit in with your company’s culture and…
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Developing Entrepreneurial Employees
In any business, the people we hire make a huge difference. The right people in the right spots at the right time can push you to new heights, while a bad hire can set you back. A great asset as you organize your business for growth is building around entrepreneurial employees. Now, you might be…
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Essential Elements of a Marketing Plan
The marketing plan is a critically important part of the business plan for a new business owner. Even if you don’t include a detailed marketing plan in the business plan, you absolutely need to complete one before formally beginning your new business. There are many elements of a good marketing plan, and you’ll want to…
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Managing in Cyberspace
Not only has it been a growing trend for businesses to hire employees or independent contractors who take care of their work out of office, but in the current COVID-19 pandemic, many other businesses have been forced to adopt remote work, with their employees. Managing your employees in an office setting requires a fairly common…
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Developing Your Sales Team
The salespeople that will put you on the map are hard to find. You want to build a sales staff of greats. They do 80% of the business. They usually number no more than 30% of your force — preferably more. Fire or Train? You should recognize that not every hire will work out and…
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What is Liquor Liability Insurance?
Any business or individual that manufactures, distributes, or uses alcoholic beverages is at risk of being held liable for the actions of drunk patrons. Although this risk can occasionally affect individuals at home, it generally applies to commercial enterprises such as restaurants, bars, package stores, private clubs, and sports facilities. Liquor liability is a serious…
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