Each week, OPEN Forum's editors round up the most compelling entrepreneurial news and advice from our contributors and others. Here are this week’s highlights:
It’s impossible to be everyone’s best friend—especially when you’re their boss. There are, however, seven mistakes you should avoid, or you risk driving your employees and coworkers crazy (and possibly out of the company). The biggest violation? Failure to communicate concise goals—no one wants to spend a week on a project just to find out “that’s not what you asked for.”
Being a business owner isn’t always glamorous. It comes with extra responsibility, a need for smart, timely decision-making, and a whole lot of patience. There are perks, of course, but Barry Moltz’s warns of the pet peeves (and things he says you need to think about before starting your own venture).
Gaining customer loyalty is always a top priority for companies. But what about employee loyalty? Your employees are the backbone of your business, and if they’re unhappy and unproductive, your business will suffer. Mike Michalowicz outlines three surefire ways to make your employees your ambassadors and ensure they’re in it for the long haul.
If you’re an entrepreneur, odds are you’re traveling a lot. And it’s exhausting. Between the long flights, the inexpensive hotel rooms and abundance of events, it’s hard to know when (and how) to get rest. Don’t burn out due to lack of sleep, instead follow these pointers from expert Kentin Waits.