Self-Doubt and Other Emotional Phases of Entrepreneurship

confident business woman

The third stage of emotions experts say most entrepreneurs experience during their business startup mirrors the first stage and the second stage in many ways in that there are both positive and negative moments. There are a number of negative emotions you can expect, but there are also many effective ways to cope with these [...]

The Second Thoughts Phase of Entrepreneurial Emotions

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Starting a business is a serious undertaking, but that doesn’t mean that it has to be a negative experience. The process of breaking out on your own is certainly a life-changing decision, and like any such decision, it will have its ups and downs. If you know what to expect, though, you can help to [...]

The Emotions of Entrepreneurship: The Busy Phase

female entrepreneur planning strategy

Starting your own business is one of the most emotional things you can do in your career. The ups and downs of such an undertaking can be astounding, and the emotions involved in a startup can test the commitment and resolve of even the most stubborn of entrepreneurs. Entrepreneurial experts claim that there are four [...]

Understanding Performance-Based Pay

car salesman

Performance-based pay is a great way to encourage motivation among employees. The compensation variations come in many forms, and each form will present a variety of benefits and challenges, depending on the structure of your company. Therefore, it may take some experimenting to determine which form of performance-based pay works most effectively for your business. [...]

Coming to Terms With Money as an Entrepreneur

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When it comes to starting a business, it’s hard to deny that money is one of the most important factors on most entrepreneurs’ minds. There are numerous other factors that impact an individual’s decision to start their own business, of course, such as the desire for independence and growth, but the question of money is [...]

Why Is College So Expensive?

graduation cap and diploma

Current and prospective college students might not fully understand just how much a college degree is going to cost them, but recent college graduates sure do.  According to recent studies, the average student graduates with about $24,000 dollars worth of student loan debt, and Americans are now in more debt due to student loans than [...]

Tips for Managers on Giving Feedback to Employees

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Giving employee feedback is considered by many managers to be one of the most difficult parts of their job, and many managers struggle with nearly every aspect of employee feedback, including when to give it, what types of activities warrant inclusion, how to deliver their message, and other specifics of the task. Because of this, [...]

How to Handle Adjustments: Part 2- Refusing an Adjustment

customer paying with credit card

Adjustment requests from customers are more common in some fields than others, but, regardless of your line of work, understanding how to effectively grant or refuse a customer’s request for an adjustment is an invaluable skill to add to your list of employee know-how. But how should you go about delivering the bad news and [...]

How to Handle Adjustments: Part 1- Granting an Adjustment

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Adjustments are a fact of life for nearly every company, so, with rare exception, all good employees should know how to go about handling adjustments. Depending on your line of work, adjustments could be a frequent and routine task, or they could be a task with which you are quite unfamiliar. Manufacturers of physical goods, [...]

How to Use Social Media to Grow Your Business

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Businesses across the globe have discovered the marketing power of social media. Social media is an effective tool for not only growing your customer base and increasing name recognition of your company or product, but also in garnering existing customers’ loyalty. Facebook, Twitter, and company blogs have all proven extremely useful as integral components of [...]