Category: Leadership

Recruiting: Business owners can not do everything themselves and will eventually need to hire employees. Bringing on people with specific skills and paying them enough without breaking the budget is a challenge. One solution could be to hire part-timers or freelancers until the business builds up its cash flow. In the beginning, owners feel they can handle everything themselves. While the ability to multitask with many skills is admirable, the execution may be lacking. A smooth start needs people who are well-trained and skilled to shoulder the responsibilities. An owner trying to do everything can create issues for the business with slow responses to customers and poor execution of normal business activities. Employee retention: With unemployment rates at historic lows, recruiting qualified employees is difficult, but retaining them can be even more challenging. A company has to offer competitive benefits and make sure that employees are satisfied and productive with their jobs. Happy employees need recognition, days off and the belief that they will also...

Recruiting: Business owners can not do everything themselves and will eventually need to hire employees. Bringing on people with specific skills and paying them enough without breaking the budget is a challenge. One solution could be to hire part-timers or freelancers until the business builds up its cash flow. In the beginning, owners feel they can handle everything themselves. While the ability to multitask with many skills is admirable, the execution may be lacking. A smooth start needs people who are well-trained and skilled to shoulder the responsibilities. An owner trying to do everything can create issues for the business with slow responses to customers and poor execution of normal business activities. Employee retention: With unemployment rates at historic lows, recruiting qualified employees is difficult, but retaining them can be even more challenging. A company has to offer competitive benefits and make sure that employees are satisfied and productive with their jobs. Happy employees need recognition, days off and the belief that they...

Facebook CEO Mark Zuckerberg and his wife Priscilla Chan recently pledged to donate 99% of their Facebook shares to charitable causes over the course of their lives. The news came via an open letter published on Facebook that the couple wrote to their newborn daughter, Max. The couple hopes that the donation—worth about $45 billion—will help make the world a better place for their daughter. Zuckerberg is undeniably a leader of his generation—Generation Y, or “Millennials”—and his donation is setting an important precedent for his peers: that supporting social causes is more important than accumulating tremendous wealth… And yes, he’s keeping quite a lump sum, but his commitment to giving most of it away is rare and unique. His actions say it all: That helping others is of paramount importance. That we are all responsible for making this world a better place. Zuckerberg is certainly setting a positive example for his peers, but this a generation already inclined towards philanthropy. Millennials were raised during an era that...