Here are this week’s links to a few good stories we found and selected. We feel they might add valuable insights and perspectives for small to midsize businesses.
Oftentimes, management and leadership are terms that are used interchangeably.
Not a good idea. While business owners may have different perspectives on this, most will agree with Josh Harcus, who says “Being a manager does not necessarily imply the qualities of leadership.” How true! Harcus is one of three business owners who weigh in on this subject in Alexandra Levit’s article Manager Training: How 3 Business Owners Groom Their Teams.
The Greek philosopher Heraclitus once said “The only thing that is constant is change.”
It is an adage business owners everywhere should remember, because the reality is that market changes affect all businesses. So says Ron Thomas, who wrote If You’re Not Making Changes, You Might Already Be A Dinosaur. Yes, the times, they are a’ changin’—and business owners who don’t react will pay the price.
About once a year, most business owners go through the angst of setting salary ranges and making wage adjustments.
It’s never easy, and oftentimes it is hard to get it right. This is why I really liked Allen Foster’s article, 6 Tips To Set A Proper Salary For Your Employees. All of the suggestions were good, but the one that resonated for me was the issue of value: “Without an employee in place, decide what value the position has to your company.” Good advice indeed.