What is your human capital worth?
As a business owner, you understand that you need working capital to keep your business going: operating expenses, inventory, salaries, etc. But who in your business handles the growth and success? In other words, what is your Human Capital worth, and did you know it could affect your bottom line?
So you’ve chosen the office space that meets your company’s needs. The next step is to negotiate the contract. One of the deal points that you will be negotiating is lease term. What is the right lease term length for your company?
As an architect who specializes in commercial office space, I am often asked to help interpret the areas of buildings. Unfortunately, many of these requests come after a purchase has already been made based on gross figures. While the gross area is valid and useful, “rentable” area per BOMA (Building Owners and Managers Association International) standards is the most widely accepted.
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Healthcare is complex, expensive and often confusing. More and more people are entering the healthcare world with little experience or knowledge of how to become a more empowered consumer.
Topics: Business Operations
Corporate America is faced with balancing all areas of diversity, but one area that often has been overlooked and is becoming increasingly common is age diversity. For the first time in history, as people stay in the workforce longer, four generations of employees are now working together. Each group has unique strengths and differences, which can be an asset, but can also lead to misunderstanding, conflict and miscommunication if managed incorrectly.
If it ain't broke...
We’ve all heard or read the popular adage, “If it ain’t broke, don’t fix it.” When it comes to employee coaching, however, such guidance is misplaced. Business leaders should coach employees on a regular basis to ensure ongoing, solid work performance.
One of the most difficult jobs to undertake is operating a small business, which requires the owner to wear multiple hats and work long hours. According to a 2012 report from the U.S. Small Business Administration, when it comes to longevity, seven out of 10 new companies remain in business two years, and only about half of those survive five years.