Promoting someone to their ‘level of incompetence,’ known as the Peter Principle, is way too common in organizations. These ‘last promotions’ are damaging to the business and damaging to the individual. So how do you avoid making this common mistake?
Here’s a collection of interviews from local business owners with amazing insights into today’s challenges.
The ability to accomplish multiple tasks at once is a fallacy – a misconception. Multitasking can have serious consequences on your mind and its ability to focus. ActionCOACH’s Rick Phelps offers an alternative way to be productive.
Lifetime value is a prediction of the total revenue that you will receive from the entire future relationship of a customer. It’s an important business metric to know when buying customers.
No matter if your business is new or old, make sure to follow this one simple principle: pay yourself first. This blog post explains how and why you should include a market-based salary in your financial forecast.
If your family business is in the red, take these 4 actionable steps to improve your situation and succeed financially in 2020 and beyond.
Are your beliefs, biases, questions, words, and inner narratives helping you or hurting you? Being aware of your mind’s inner workings will help you be more productive in your business and life.
ActionCOACH’s Mark Phelps recently shared with SharpCFO’s Ryan Dietrich 5 strategies that will greatly improve your workplace communication skills – both in person and virtually.
Conversion rate is the total number of conversions or sales / total number of leads x 100. Businesses calculate conversion rates during marketing campaigns.
We sat down with 6 business owners to talk about how they are managing their organization through the COVID-19 Crisis.
