Consider profit sharing as a way to keep employees happy, interested and motivated. Their personal "ownership" of your company will return rewards to everyone. Here we give you profit-sharing choices (other than stock options), and the pros and cons of each.
When a competitor threatened his company’s survival, Wayne Hampton struck back with research, innovation — and success.
Good ergonomics makes for happier, healthier, more productive people and that translates into improved profits for your company.
Learn how to put a sharper edge on your influential abilities and push your listeners to action.
Bypass lofty theory for experimentation.
At a crossroads for growth, Geoff and Marcy Larson tapped staff and customers — early and often — to follow $10MM dream.
This may be the last thing on your mind right now, but unless you’re carried out in a box, all entrepreneurs eventually must leave what they started. That’s what I did after more than 40 years at the helm of what became Edward Lowe Industries. I unearthed the cat-box-filler industry, and maybe some people expected me to be buried in it. But in a move that surprised many who knew me, I sold it.
This column is one in a series that invites contemporary entrepreneurs to agree, disagree and generally reflect on some of the beliefs of Edward Lowe, an entrepreneur who “brought the cat indoors” with a revolutionary cat-box filler, Kitty Litter, and created an entirely new industry. Even after his death, Ed Lowe’s unadorned advice continues to stimulate dialogue among other successful entrepreneurs. Here’s what some of your peers have to say.
Emotional intelligence can help gauge workplace success.
How succession planning keeps your family business thriving.