US entrepreneurship hit a 40-year low in 2016. That compares to a 33-year low in 2010. Clearly, business startups are seeing a rapid decline in America.
Some blame the Great Recession but the startups didn’t start up again at historic levels after the economy recovered. Could it be the Amazon effect, where e-commerce is killing small businesses almost as fast as they can start? Are regulations to blame?
Whatever the reason, if you want to succeed as a startup you have one advantage: the landscape is less competitive. But you also have a challenge: it’s more difficult to succeed. You need a rock-solid plan.
A startup business plan has several purposes and goals, according to SCORE, the nation’s largest network of volunteer, expert business mentors. First, it helps you clarify your vision, mission and goals. But it can also help convince investors or lenders to put some financial power behind your business. Read more...
Well-planned and executed offsite meetings deliver tangible returns. The meetings foster ideation and collaboration, produce cohesion around short-and long-term strategies, solve big, complex problems, and align executives that simply don’t happen during day-to-day interactions between staff. But the flip side is also true. With over two-thirds of business meetings categorized as failures by executives, the amount of time and budget squandered on offsite meetings is huge.
So, what are some things that business leaders can do to ensure that their meetings are a success?
1. Consensus on Meeting Objectives
Preparation should begin 60 or 90 days beforehand. Much of what happens before an offsite meeting dictates its success—or lack thereof. Organizations that wait to the last minute almost guarantee that their offsite meetings fail to deliver the returns they desire. And we’re talking about more than setting an agenda, scheduling travel and hotels, and ordering catering. It starts by establishing meeting objectives and gaining consensus on them as well as the agenda. Read more...
Bla, bla, bla, bla. This is what it sounds like when you’re in a meeting and you have no agenda, no end time, and no idea why you’re there. A complete waste of time, right? Well, keep this in mind when you are pitching your next client. Taking complete control over every step of the sales meeting will put your prospect at ease with open ears and an open mind. Below is your Nine-Step framework for an incredibly successful sales meeting.
First: Select a meeting venue and service support that reflects the caliber of your brand.
There are thousands of meeting venues across the nation and indeed the world where you can choose the location, vibe and meeting setting that is in line with the impression you want to establish with your prospective client. You may reserve an intimate meeting room, grand boardroom or something in between by the hour or day. Read more...
Training sessions with your team play a pivotal role in keeping your business on track. Whether one-off sessions focused on specific topics or reoccurring sessions used to keep your team up to date, team training gives you a chance to assess past initiatives, address future goals, fill gaps in skill sets, ensure compliance with industry and labor regulations, and to adjust your business’ direction.
When it comes to the venue for these sessions, offsite training rooms are something many organizations should consider. The following are six reasons why offsite is better than hosting the meetings onsite.
Team Focus in a Training Room.
Training sessions require a lot of focus and quite often involve significant interactions and collaboration. Participants need to roll up their sleeves and drill down into the minute details of business objectives or topics. Hosting these sessions in your place of business can be distracting, with interruptions from other team members or partners or customers who come into the office getting the meeting off track very easily. Offsite meeting rooms give your team the chance to get away from the office and focus on training sessions. Read more...