Managing key person risk
Fortunately for large scale corporates, although key person risk can be nominally substantial, companies are well capitalised to weather the loss. The same cannot always be said for SMEs.
Fortunately for large scale corporates, although key person risk can be nominally substantial, companies are well capitalised to weather the loss. The same cannot always be said for SMEs.
Although there are many new challenges for businesses to deal with, the interconnectedness and collaborative nature of the 21st century global market enables businesses and leaders to exchange ideas and information that can help resolve these issues.
Nobody understands the pressures you face on a daily basis and the threats and challenges you have to overcome to succeed. You might say it’s a bit like being a superhero.
The concept of working to live rather than living to work reigns true in many people’s minds and issues like limited work-life balance, unsatisfactory pay and lack of development opportunities become big reasons why staff leave.
Successful industries are constantly reinventing themselves. Thus, to remain relevant in tomorrow’s world, the ‘beige’ leader, in whatever format, needs to be removed and replaced so a new curve can be started.
Underperforming employees, passive aggression and too much bureaucracy can all contribute to a negative working environment.
Everyone knows about the difficulties and the risk of failure, but you have decided to take the plunge anyway. Great, but here are five things that are essential to your ability to succeed.
Take the following steps to ensure that your business’ bookkeeping doesn’t become an overwhelming burden.
Do you ever look at any of your staff and think, “I shouldn’t have to remind you to do that?”
From Julius Caesar, Alexander the Great and Ghandi to Henry Ford, Richard Branson, Bill Gates, Steve Jobs and Oprah Winfrey; qualities of leaders have inspired us to pursue our dreams and achieve greatness.