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Bartering with other businesses is a good idea if you own a business. Trade for something before buying it. Barter deals are usually very low- or no-cost.

2. Network

You can network your business with other companies. You can trade leads and mailing lists. This will reduce your advertising and marketing costs. You might also consider bartering with them for goods and services.

3. Wholesale/Bulk

Bulk purchases of business supplies can save you money. A wholesale warehouse could offer a membership, or you can buy them via a mail-order wholesaler. Get the supplies that you’re always out of.

4. Get Free Stuff

Before you buy business supplies, it is worth visiting the many freebie websites available online. There are many free online services that offer software, graphics, backgrounds and other business-related items.

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5. Borrow/Rent

You may have ever bought business equipment that you were only going to use for a short time. It is possible to borrow equipment from another person or rent equipment from a “rent all” store.

6. Online/Offline Auctions

Online and offline auctions can offer lower prices for business supplies and equipment. Although I don’t claim that all of these items are affordable, you can still bid on them before you pay retail.

7. Plan Ahead

You can make a list of the business supplies and equipment that you will need in the future. Look out for big sales at your local stores. Get the supplies you need before they are gone.

8. Goods for the Retired

You don’t have to buy new equipment or supplies for your business. There are many places to find used items, including garage and used shops, used stores and used stuff for sale message boards, newsgroups and newsgroups.

9. Negotiate

Always try to negotiate a lower cost for business equipment and supplies. It’s worth trying. As if you were talking to a salesman in a car dealership.

10. Search

There are always new suppliers to choose from for business supplies and equipment. You should look for suppliers that offer lower prices and higher quality. Do not settle for a few.

Ten Things that Lead to One Great Meeting

These are ten ways to make your meetings more productive.

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1) Do not attend meetings. Ask yourself, “What happens if it’s not there?” If the answer is “Nothing”, then you should not call the meeting.

2) Set goals. These are the goals you want to achieve by the end the meeting. Before the meeting, write down your goals. These goals should be clear, concise, and specific enough that another person could lead the meeting. You should also ensure that they are achievable with the resources and time available. Specific goals allow everyone to make progress towards relevant results.

3) Challenge each goal. Ask yourself, “Is there another method to accomplish this?” If you need to share information, it may be more efficient to call, FAX, mail or E-mail than to visit. Remember that a meeting can be viewed as a team activity. You can save tasks that require team effort for meetings.

4) Create an agenda. An agenda is essential for a successful meeting. Many people save time by not preparing an agenda. An agenda-less meeting is like a trip without a map. It will be more time-consuming and result in fewer outcomes. You run the risk of becoming someone else’s helper if you don’t have an agenda. (See tip #6 below).

5) Tell others. The agenda should be sent at least one day prior to the meeting. This helps others to prepare for the meeting. Participants who are not prepared waste time and don’t prepare for the meeting.

6) Take control. If you are in a meeting that does not have an agenda, walk out. Prepare an agenda for the meeting if you have to stay. Make a list, prioritize the most important issues and start working on them. If time is still available, choose the next most important topic. You can hold a meeting with no agenda to find help for your projects.

7) Keep your eyes on the issue. Avoid telling stories, making jokes and focusing on unrelated topics. These are not only entertaining but they also distract from the main point and can lead to confusion. Keep the fun for social events where it will be appreciated.

8) Choose carefully. Only invite people who are capable of contributing to your meeting’s goals. Meetings can be hampered by the presence of supporters and observers.

9) Budget time. While no one would spend $1,000 to buy a ten-cent pencil they spend 40 hours per year on trivia. Budget time should be based on the issue’s value. You could, for example, say “I want a decision about this in 10 minutes.” This means that we will evaluate it over the next nine minutes and then vote on it.

10) Include structured activities in meetings. These tools allow you to keep control and ensure equal participation.

5 Techniques To Hyperforming Employees

Managers can positively change the attitude of employees by walking into the office with them. Your words, gestures and even your facial expressions can make a difference in the way an employee views you. These unconscious actions communicate to employees what you think of them and how valuable they are for you, as a manager, and the organization.

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To maintain maximum employee motivation and morale, it is important to make sure that employees feel valued and needed. Employees who feel valued and respected by their company will be more inclined to love their jobs and strive for betterment. Many people feel valued just as much as promotions and high pay.

These tactics will help you to create enthusiasm.

1. Allow them to feel your presence. It’s a great way for employees to be motivated and to get them excited about the start of the day by coming to work and announcing that you are arriving. Simply walking through the doors with a smile and a greeting can make a big difference.

2. Verbal Acknowledgement You don’t need to be dramatic or overly enthusiastic to make this kind of acknowledgement. Most often, showing respect for your employees and saying things like thank you and please are simple and effective ways to motivate them. If the employee is worthy, praise like “You did a great work” can be a powerful way to motivate them.

3. Lay clear expectations. Communication of milestones and job goals is crucial to the successful completion of company mandates. These things may be reported well, but they could change. Employees may feel that these changes are not discussed in depth and that they are not important enough to be explained why. These thoughts won’t make you a motivated employee. This can be avoided by ensuring that the employee is given feedback about his job. Inform the employee if there are any changes to a project. They should be involved in the solution.

4. Provide employees regular feedback. Give feedback to employees when they are doing a good job. Let the employee know when you’re not happy with the outcome. This is a great way to let your employee know what they can do better.

Ask the employee what you can do to assist with the change. Ask for feedback from the employee. Have a conversation about the issue and have a productive discussion. Talking about it will let the employee know that you aren’t offended by the job but are actually concerned and ready to help.

5. Give consequences. You should not only let the employee know when you are happy with their work, but also acknowledge them for outstanding work. This can be done inexpensively and effectively by writing a thank you note. Employees who fail to perform to company standards can be demotivating for their colleagues. Respect the consequences for employees.

Your employees will love working alongside you. You will also enjoy working with them if you take the time to listen to their feelings. Spend time with your employees before and after work. Show that you value your employees as valuable members of the company.

Ten Characteristics of Effective Business Meets

These are the ten essential concepts that make a meeting successful.

1) Definition: A meeting refers to a business activity in which select people meet to do work that requires team effort.

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2) Meetings, just like any other business event, are successful when they are planned, structured, focused, managed by structure and controlled by a budget.

3) People can focus on the most important tasks that are the core of their job by having short meetings. Long meetings, on the other hand, prevent people from working in critical areas like planning, communicating, or learning.

4) Poor planning, ineffective processes, and hostile cultures are all factors that can lead to a poor meeting. To create an effective meeting, leaders must attend to these three things.

5) Effective meetings are about sharing control and making promises.

6) Meetings should have the ultimate goal of reaching agreements, decisions or finding solutions. Meetings that are held for other purposes rarely produce anything of value.

7) Participants who are not prepared will spend their time preparing for the meeting.

8) It’s better to spend some time planning for solutions than spending too much time trying to fix problems.

9) Meetings can be a good investment of time and resources that will yield a profit.

10) Meetings can be led from any chair within the room. If it’s your meeting you want it to be yours, it should be your chair.

Ten Ways to Increase Employee Motivation

In today’s fast-paced business environment, effective managers must be well-organized and adept at understanding the basic needs and behaviors of employees. Open communication between staff and managers is essential for gaining commitment, nurturing talent, as well as ensuring productivity and motivation.

1. Learn to understand their behavior

People who work instinctively adopt a self-protective, rather than open, collaborative style of behavior. Emotion is a powerful force in the workplace. This is why managers often react violently to criticisms. They also tend to seek to control and not take risks. To eliminate this type of mindset and increase motivation in employees, you need to influence behavior, not change people. The situation will only get worse if you insist on what your employees should do.

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2. Make sure people have access to the lower levels of their needs.

There are many different needs that people have. Salary, job security and working conditions are just a few examples of low-level needs. These basic needs are essential to employee motivation. In other words, staff dissatisfaction is almost always caused by failure to meet basic needs. Satisfaction comes from satisfying higher-level needs such as responsibility progression and personal growth. Satisfaction is a sign that employees are motivated.

3. Encourage pride

Everyone needs to feel valued and unique. As a manager, you should try to instill pride in your staff and take pride in your ability to manage them with positive results. This will increase employee motivation.

4. Pay attention

Listening is a crucial part of any manager’s job. This includes meetings, appraisals, and telephone calls. Listening can encourage employee motivation, which will benefit both you as well as your staff. Listening to people is a way to get to know them better.

5. Confidence is key

Insecurity is something that most people experience at one time or another. Insecurity can be exacerbated by the many types of anxiety that people experience in work environments. Employee motivation is also affected by insecurity. The best way to boost employee confidence is to give recognition, high-level tasks and complete information. You not only boost employee motivation, but also increase productivity.

6. Encourage contact

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Managers often prefer to keep contact with their staff to a minimum by hiding behind closed doors. This makes it easier for administrators, but difficult to lead. It’s better to open your office door and encourage people to come to you. Talk to staff casually and go out of your way. Building relationships with staff can increase employee motivation.

7. All employees should use their strategic thinking.

It is important to inform employees about the strategic plans and their role in achieving them. This will help improve employee performance and motivate employees.

8. Build trust

Leadership style and quality are key factors in employee trust and motivation. Clear, collaborative decision-making must be paired with a collegial approach. This means that you must trust your employees and value their contributions. It is enough to give your employees the chance to demonstrate that you trust them.

9. Delegate decisions

Senior management is less pressure if they can push the power of decision-making down. Because it gives people at the lower levels a vote of trust, it motivates them. It is also more likely that the decision will be right because it is made closer to the action point. Encourage your employees to make their own decisions and take responsibility for achieving the goal. This will increase employee motivation.

10. Motivating others by appraisal

Always ensure that your methods of assessing staff performance have a positive impact on employee motivation and increase employees’ self-worth. Positive feedback and listening are important factors. These simple steps will help you build a positive working relationship with your employees and increase your company’s productivity. Keep in mind that people are hired to achieve good results for the company. The management’s leadership is key to their success.

Chris Sewell
Chris Sewell

Avigo Capital Solutions specializes in business lending solutions and offers capital allocation advisory to its clients. Do you want $10,000 to $6750,000 in business funding? See If You Pre-Qualify Here

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