Tips To Handle The Breakdown As Leaders

In your personal or professional life, breakdowns occur. When I say breakdowns, it includes problems, disruptions, challenges, chaos, misfortune, disaster, etc. When it comes to business, in many cases, the larger the goal the larger the breakdown. If you’re a leader, the way you handle those problems can dictate the culture of your enterprise. And that can affect your company’s ability to succeed.

If you typically shy away from big problems, leadership may not be appealing to you. A big part of leadership’s job is to handle and correct major disruptions. Perhaps if there were no problems in the world there would be no need for leadership. Since businesses are constantly growing, it is likely people will have to accomplish something they have never done in the past. On that new path, there will be chances to encounter challenges that have not been faced by people in the organization.

At first, new challenges can appear insurmountable. Depending on the complexity of the disruption, it could be analogous to a two year old learning to tie their shoes for the first time. In some cases, staff and management will have to use existing resources and problem solving

Understanding Leadership On Your Company

Perhaps the shortest and easiest answer to “what is leadership?” is: there is no leadership. At least there is no such thing as the archetypal leader who, as the dictionary says, “is the action of leading a group of people or an organization”. Or it is said to be “a state or position of being the leader”. What’s odd about the definitions is they are both self-referential. The word leader is used to describe what leadership is. Therefore, it never really tells you what a leader is.

Explaining what leadership is may be as challenging as explaining what a word is without using words. Like leadership, word is self-referential.

Perhaps leadership has never had anything to do with others or followers. Perhaps it has more to do with the future you declare. The question is: what future are you declaring? If you’re biggest declaration is you will tie your shoes tomorrow, you may not have what it takes to create entirely new futures.

On the other hand, if you possess boldness and commitment, you may declare you will accomplish something so big that you could never do it on your own. For example, Henry Ford

How To Choose Dust Control System

So, the Department of Mineral Resources (DMR) has been knocking on your door about the dust emissions on the mine. Or perhaps the community has been complaining about pollution. Whatever your motivation – are you aware of what dust control entails? What is available on the market? What is regarded as “best practice”? What additional benefits can be offered? Who are the market leaders?

A scenario that presents itself too often is a request for quote (or better known as a RFQ) for the supply of a dust control unit for a mine. The RFQ would typically contain detailed specifications formulated by the engineering department and passed on to the supply chain managers that subsequently issued the RFQ to potential suppliers that has been identified by the commercial department. Nothing out of the ordinary there. Or is there? What really happened is that the engineering department had collaborated with the commercial department to come up with a scheme to waste funds.

Let me explain. What should have happened is for the engineering department to first recognise the fact that they are mining experts and not emission control experts. Therefore, it would make sense to consult with

Why You Should Hiring Errand Service

Who can use an errand running service?

Who wouldn’t appreciate a helping hand in today’s hectic lifestyle? Bachelors, Bachelorette’s, Single mum’s, Dads, Youngsters and Seniors alike appreciate the idea of someone getting their errands done on time. Busy business owners are now able to focus on work rather than worrying about getting their mundane tasks done.

5 benefits of hiring an errand running service:

1. Saves Time

Errand running service will take care of all your daily tasks and allow you to spend time to do what you like. Be it watching soccer, a day at the Spa, enjoying a movie night with friends or building your business, having someone take care of your chores saves your precious time.

2. Reduces Stress

Getting timely help reduces your stress level. With someone taking care of all the tedious jobs like fetching a medicine that you run out of, or fetching your weekly groceries, you can be at peace; with the assurance that your worries are taken care of.

3. Increases productivity

Having someone to take care of your daily tasks gives you all the time you need to focus on the

All About Business Etiquettes

“A man without a smiling face must never open a shop” or so the Chinese proverb goes. Truly, smiling goes a long way to lighting up the mood for a friendlier, more understanding conversation. This is true in business as well, especially when trying to make a business partnership. However, there are more business etiquettes beyond smiling and demonstrating these will show others that your customers and your business are worth respecting.

* Introduce everyone, even when in doubt – There is a proper way to introduce people to each other. First, introduce the person who is the most senior, using their full name and their job title or responsibility. Next introduce that person to the person who has lower authority. Make sure to also mention his or her full name. To end, you may mention some details about each other as a topic of common interest. When being introduced to someone, always stand up if you are sitting.

* A firm handshake – The way businessmen shake hands more often than not sets the tone between them. Giving a good, firm handshake will set a good first impression as it may eventually end up in

How To Bonds Your Employee

This is the Bonding Company’s worst nightmare. In this 160th article of our surety series, we will cover the situations in which no Performance or Payment Bond is needed! Some of the projects are big and federal, some are private, ALL are unbonded. Here we go!

As a point of reference, you may expect that federal, state and municipal contracts demand a Performance and Payment (P&P) Bond equal to the contract amount. Normally they do. General Contractors working for a private owner, such as the construction of an office building or apartment project, may face the same requirement. This can apply to subcontractors, too.

Federal Projects

This area includes all branches of the federal government. Examples: Army Corps of Engineers, General Services Administration, Dept. of Energy, etc. Their contracts are administered following the rules of the Federal Acquisition Regulations (FAR).

The FAR says that no P&P bond is required on contracts under $150,000.

For contracts $150,000 and higher that require security, there are times when the bond requirement may be reduced below 100% or waived

Why Dashboard Reporting Still Necessary

We live in a world of immense technical innovation and data is something many of us are immersed in, and there are times when there seems to be too much of it. Other times, we’re seeing a lot of information, but it’s not being presented in a way that is relevant and provides us a chance to make informed decisions. As the owner of multiple companies and brands, I spend a lot of my time looking at data.

  • Data informs the strategic goals for my companies.
  • Data helps me to understand what’s working and what isn’t.
  • There’s a direct link between some data, such as marketing for instance, and the bottom line of my companies.

There isn’t a day that I don’t walk into my offices, and I’m not looking at multiple reports, particularly financial reporting and sales or even asking my team to provide me analytics on things, such as our social media results. Data spans the gamut, and I can slice and dice every area of my businesses and see how we’re performing.

After I first when I started my holding company, there eventually came a time when the work of my team and I

What To Do When You Found Financial Fraud

You know the old adage, “Financial statements don’t kill people, people kill people.”

While it’s true there can be misrepresentation and deception in a financial statement (FS), the document is not inherently bad, it is the poor intentions of the preparer or company that is to blame.

As credit analysts, we always review and rely on FSs when underwriting surety bonds. We know there may be attempts to mislead our judgement or even downright deception. But the need to evaluate the financial report is unavoidable. It is considered a valuable “report card on the quality of management.”

There are three levels of financial presentation by Certified Public Accounts (CPAs):

  1. Compilation – a properly organized report where the numbers have not been verified or evaluated by the CPA
  2. Review – includes some checking “Review” of key elements
  3. Audit – is the highest level and includes the CPAs statement that they have checked and believe the numbers are correct

The reader of the FS is entitled to certain expectations: A candid and complete presentation that informs the reader. Are they entitled

Business Tool That You Should Have

One of my favorite articles to write is about technology that’s out there to make businesses more productive. A couple of days ago I was doing research and came upon TINYpulse. The idea is ingenious, and while candidly, my team hasn’t used it, it’s certainly something to consider at some point down the line.

The best business teams operate with employees that are working at their optimum level. There have been countless books and articles written about leadership theory and management, and a lot of what is out there is excellent. But, technology is now part of the picture. According to TINYpulse, here’s what this tool is about:

TINYpulse discovers how your employees are feeling, and performing

Measure how happy, frustrated, or burnt-out your employees are, and gain real time employee feedback to create a company culture you can be proud of.

When I discovered it, admittedly, I was intrigued. According to their website, over 1,000 companies use their product, including Michelin, HubSpot, Deloitte and Capital One. An additional plus for them is that they have created a team culture where they donate their time to the company’s community, their product to nonprofits and

Things About Courier Services

Courier industry is winning hearts of the business owners and well as individual customers by its note-worthy service quality. Most companies now rely on this particular service to cut down their company costs. Courier service providers are chosen for their reliability and safety. You feel relax and secured when you need a very important parcel to reach somewhere and you know that you have assigned this job to the most reliable courier service. This article is going to provide you some tit-bits about the background of the courier industry.

  1. It was in the 2400 BC in Egypt when the first standardized courier service began. The monarchs, generally called Pharaohs, during this era, started using this service to deliver their important documents and letters to various places.
  2. Wells Fargo was the first and foremost professional courier service to start in the United States.
  3. The words “courier” and “mail” are somewhat closely related but no one knows where does the word “mail” came from. It originated from the English word “male’ in the medieval period where “male” implies “traveling bag”.
  4. Another fascinating trivia that most of us are still unaware is “Marcophily” is a specialized subject