How to Avoid Getting Buyer’s Remorse in Real Estate

How to Avoid Getting Buyer’s Remorse in Real Estate

Purchasing a new home should be an exciting decision that benefits you for years to come. But making such a large purchase is no trivial matter, and unfortunately, there are risks involved. Here are some ways to help you avoid making a great decision and avoiding buyer’s remorse. Continue reading How to Avoid Getting Buyer’s Remorse in Real Estate

Elon Musk Makes a Big Announcement About Mars Mission

Sometime in the years between the close of the shuttle program and the modern transition to private spaceflight, the Space Race took on a new, specific goal. Mars. Getting to the Red Planet—first, and, preferably, only—became the ultimate goal in this era of exploration. Continue reading Elon Musk Makes a Big Announcement About Mars Mission

How to Inspire Senior Executives as a Younger CEO

Coming in as a young CEO you have to walk a fine line. You want assertive and hyper capable senior executives, but you also want them to support your play and fall in line without having to threaten their job to coerce submission. Further, you will find yourself in the position of offering guidance and direction, even on issues where they likely agree with your perspective. Continue reading How to Inspire Senior Executives as a Younger CEO

Volkswagen Attempts to Overcome Scandal with Pay Raises

After months of taking a beating in the media thanks to the emissions scandal, Volkswagen was in desperate need of some positive press to hit the news cycle. And they might have just struck gold.

If there’s one way to cut through a series of negative cycles, it’s to cut through them by announcing that is giving out pay raises to workers. Continue reading Volkswagen Attempts to Overcome Scandal with Pay Raises

Samsung Shifts to Leaner Model

Early this year, the world’s largest smartphone maker admitted a problem. Samsung is hurting. Profits are down, stagnant and beginning to fall. Sure, the entire world handset market is starting to see pockets of over-saturation cutting into market share, but, where Apple has a major customer loyalty upside, Samsung customers are being pulled away by Chinese-made bargain brands, especially in China and even at home in Korea.

Continue reading Samsung Shifts to Leaner Model

Tips for Managing Your Team Off-site

Today’s international marketplace all but guarantees frequent travel. And technology makes that easier than ever, but how can you be an effective manager if you are gone all the time? It’s a challenge many managers face. Here’s how you win.

First, take advantage of the wisdom and information you gain by being in other places working with different teams. Allow your perspective to be deepened and cultured by opportunities and strategies you may not come across cooped up in your own office all the time.

Also, avoid the temptation to use technology to stay connected to your office as if you were there ALL the time. Take advantage of travel to learn, to unplug and to build yourself, rather than succumbing to the temptation to virtually hover over your people. You wouldn’t stand over them and get in the way if you were there, why do it when you’re gone.

That leads to the first tip: let them have some control. You really don’t have to do it yourself, and, if you’ve hired the right people, it’s probably better they do it than you. That is, after all, why you hired them. Give your team a chance to earn your trust while you are away. Instead of worrying about the decisions they might be making, prepare opportunities for them to take the lead. GIVE them a chance to impress you…on purpose.

If you are sitting there shaking your head about the first tip, you have a bigger problem than you want to admit. Either you’re a control freak, or you hired the wrong people. When you hire employees, one of the factors you MUST consider is whether or not those people “need” you in order to do their jobs well. If they do, then something is wrong in the process. The goal of management should be to make the work better and more efficient, not just to make it possible.

Here’s another tip: set up your in-office operations in ways that work for your team, not just “how you like it.” Here’s the thing, the latter may make you feel more comfortable, but it irritates your people, distracts them and, when you’re gone, tempts them to waste time figuring out “better” ways to do things. If you have your protocols set up to best involve and utilize their skills, then they will be too engaged in doing their work to tinker. But, if you insist on doing things in a way that hinders their work, smart people will never stop trying to fix your stupidity. Their success is your success, and it’s much more important than your comfort level – never forget that … whether you are in the office or out chasing more business.