For Olivia Wong, being a key player in the family agriculture business wasn’t always part of the plan – well, her plan anyway. When she chose her double majors at the University of Miami – motion picture production and history – it was about as far away from produce and […]
Team
Hiring? It’s a jungle out there. For small businesses, creativity may be the key.
Have hiring plans for 2019? You’re not alone – 47 percent of Miami area small businesses plan to hire in 2019, according to a recent Bank of America survey. But with the national unemployment rate at the lowest level in 50 years, the tight job market overwhelmingly favors the job […]
No. 1 training tip: Start with your front-line managers
New year, new goals. If as the owner of a business you have resolved to put a sharper focus on training this year, we have some advice for you. Small businesses, of course, don’t have the luxury of the large training budgets that bigger businesses have. But that doesn’t mean […]
Why building trust is crucial to your business success
Charles H. Green, founder and CEO of Trusted Advisor Associates, makes his living offering wisdom on how to build stronger relationships with clients and colleagues. At the core of his work is the study of trust and its importance in business success. The strongest form of trust is always personal, […]
20 years after leaving the family business, he’s back — and growing the company
For Atlantic Models, business is a family affair. That’s even more true now that the owners’ son has joined the company. The Miami-based maker of model airplanes, and client of Florida SBDC at FIU, is featured on MSNBC’s Your Business: https://www.msnbc.com/your-business/watch/model-airplanes-preparing-your-exit-plan-1384740419969?fbclid=IwAR30ebSQy1vND3BEclXy-UQ_qBXgTfO2A9m3tIhQeuLWLt9n9E5ACKCTekg
Stage 6 – Longer view focus now critical
Stage 6 Company (96-160 employees) Stage 6, with 96 to 160 employees, requires a longer, more strategic focus for the leader and a laser-like focus on your ability to connect to your employees. You can no longer afford to be all things to all people. Your ability to differentiate yourself […]
Stage 4 – Ignite your company’s intelligence by hiring professional managers
Stage 4 Company (35-57 employees) The fourth stage of company growth (35 to 57 staff) is called the Professional Stage. This is the time you need to focus on hiring experienced managers who have been there, done that. Your company has outgrown your ability to keep all those balls in […]
Stage 3 – Communicate, delegate and release: Formula for growth
Stage 3 Company (20-34 employees) Knowing when to delegate responsibility and authority is difficult for the owner of a growing business. The question that looms in your mind is: What if they (employees) mess up? There is a difference between being a control freak and knowing how to delegate with […]
Stage 2 – Follow these rules of the road as you ramp up for growth
Stage 2 Company (11-19 employees) You are stranded on a deserted island and you only have 30 seconds left on your cell phone battery – could your second-in-command back at your office tell you in those 30 seconds how well your company is running? If you had your company focused […]
Stage 1 – Communicate regularly to establish a performance mindset
Stage 1 Company (1-10 employees) Most entrepreneurs who start companies are not looking to be ‘managers’. They are looking to grow an idea, to bring a vision to life, to get a product out into the marketplace. In most cases, they need people, employees, to help them do that. But […]