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Is Your Company Preparing For Layoffs? With the recent spate of company layoffs, job cuts loom large in employees' consciousness these days. There's even been talk that the quiet quitting phenomenon has abated as employees fear for their jobs. How can you tell if your organization is prepping for layoffs? There are obvious signs, like a memo from the CEO announcing a push for efficiency. Or the hiring of a consulting firm known to specialize in process improvement, efficiency, or cost savings. Or the departure of some of the firm's top-level executives. There are also more subtle signs that a company is readying itself for layoffs. Here are four that are easy to spot (once you know what to look for). #1: Hints In Earnings Reports And Other Communications Companies are notoriously bad at communicating openly with employees, especially about the challenges the company is facing. In Leadership IQ's study, The Risks Of Ignoring Employee Feedback, we discover...

To be successful as a business owner, having a money-making mindset is essential. A money-making mindset means setting your sights high and being willing to do whatever it takes to make your business thrive. With the right attitude, you can achieve great things and make a real difference in your bottom line. How To Create A Money-Making Mindset Anyone who has ever started their own business knows that it is not an easy feat. Many challenges come with being your own boss, from finding clients to managing finances. A positive money mindset is one of the essential things for any business owner. This means having a healthy relationship with money and believing that you are deserving of success. When you have a positive money mindset, you will be more likely to take risks and invest in your business. You will also be less likely to give up when things get tough. Having a positive money mindset is essential for any business owner who wants to be successful. In 2022, women held 32 p...

As a possible recession looms, small businesses may be wondering what they can do to be successful in yet another uncertain time. Moving forward, there are three key areas of a business — employees, cash flow and operations — to focus on for the company’s long-term health. See how your small business can succeed during a recession. How To Stay Staffed Brian Trzcinski, director of business market development with MassMutual, said business owners have to figure out ways to maintain staffing in a recession. Coming out of the pandemic, staffing issues were the No. 1 business concern. This is both in terms of losing staff and the ability to rehire staff. Many businesses, already running leaner than they’d like to be, must be able to attract and retain top talent when cash flow is tight. How can they do it? Trzcinski recommends offering intangible perks, such as flexible scheduling that allows employees to take time off or work remotely. It is essential for businesses to not...

June 29, 2021 13 min read This story originally appeared on ValueWalk Excerpt from EXIT RICH: The 6 P Method to Sell Your Business for Huge Profit (June 22, 2021; Fast Company Press) provided with permission by authors, Michelle Seiler-Tucker and Sharon Lechter. Q1 2021 hedge fund letters, conferences and more The 10 Mistakes Owners Make When Selling Their Business "Honesty is the fastest way to prevent a mistake from turning into a failure.” - James Altucher Sellers are typically experts at running their business. However, some business owners know every single intricate detail of running the day to- day operations, but they do not know and fully understand every intricate detail of selling their business. How could they? Selling a business is a complicated and extremely involved process. That process requires a tremendous amount of time, energy, effort, experience, and knowledge of the entire business sale process. In this section, we will cover the top...