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Navigating Economic Downturns as a Business Owner: A Guide to Sustained Growth
Small- and medium-sized enterprises account for 90% of the U.S. business population. And when the economy takes a nosedive, as it’s doing now in some sectors, many of these companies can suddenly feel like a drummer who’s lost their rhythm — there’s a beat, but they aren’t hitting it. Instead of a coord[...]
Unlocking the Power of DEI: Building Better Programs for Business and People
Diversity and inclusion programs have moved into the mainstream. According to the global management consulting firm McKinsey & Co., some $8 billion is spent annually on diversity training in the U.S., and positions dedicated to diversity, equity and inclusion (DEI) have quadrupled in the past five years. Unfortunately, these[...]
6 Simple Ways to Encourage Employee Wellness: Key Strategies and Benefits
Your employees are your main key to success. Healthy, happy employees are much more productive and can help your business thrive in competitive markets. That’s why employee wellness initiatives are so important. Companies that value wellness have lower rates of absenteeism, too. This is particularly important if you work i[...]
Preparing for Economic Downturn: 4 Tips for Colorado Business Owners
Approaching the mid-way point of 2023, the economic downturn that many predicted would characterize Colorado’s economy this year hasn’t materialized. Despite uncertainty and rising interest rates, economic indicators appear to show a resilient market. But, there is a natural cycle of economic highs and lows that all business[...]
Training and Managing Recent Graduates: Strategies for Maximizing Class of 2023’s Success in the Workforce
This summer, millions of college graduates will enter the workforce. Like every class, the Class of 2023 will bring unique skills and face unique challenges in their early careers. To maximize the benefit of new grads to business and support their career development, employers should implement the best practices for training and[...]
Mastering Financial Management: Essential Tips for Startup Success in 2023
Starting a business is exciting, but it can also be unnerving, especially from a financial sense. Keeping your fledgling company on track financially in the beginning stages is not only one of the most important things to ensure success but also one of the most challenging. Being that businesses are made or broken on the [&helli[...]
Mastering the Art of Decision-making: Unveiling Six Strategies for Effective Leadership
“Definiteness of decision always requires courage, sometimes very great courage.” — from “Think and Grow Rich” by Napoleon Hill. Hill studied over 25,000 people who had experienced failure and concluded that lack of decision-making was a top cause. Leaders in small and medium-sized firms continually make decisions. Fro[...]
Batten Down the Hatches: Fine Tune Your Small Business Plan for Any Economic Environment
In recognition of the more than 33 million small businesses in the U.S., we are sharing helpful best practices to fine-tune your small business plan to weather economic shifts. Responsibly manage your business debt Interest rate changes have significant impacts on business lending. To effectively manage your debt, consider the[...]
Unlocking Brand Loyalty: Enhancing Customer Experience in the Digital Age
There’s no denying the importance of digital marketing when it comes to the success and growth of any business. However, today’s consumers want more than traditional advertisements and techniques — they want better experiences and stronger relationships. If your business focuses on those things, you’re more likely to bui[...]
Fractional Executives: A Growing Trend in Colorado
Fractional services are a growing trend around the country. In fact, this expert fractional services trend has grown from $1.5 billion in 2020 to $2 billion this year, attracting thousands of new participants. I founded Vannin Chief of Staff in Denver, Co., a team of consultants, who support the Chief of Staff/Chief Operating Of[...]
GUEST COLUMN — President of Bank of America and DDP on the Power of Economic Diversification
Downtown Denver has positioned itself for continuous growth and success despite the challenges and changes stemming from a post-pandemic environment. Denver ranked sixth for the fastest-growing city in the US economy and as the best large city to start a business. Denver’s quality of life attracts talent, innovation and ve[...]
You’ve Heard of ‘Quiet Quitting,’ but What About ‘Quiet Leadership?’
HR leaders may be aware of quiet quitting, but there’s one cause of quiet quitting that’s going unrecognized: quiet leadership. Among other factors, quiet leadership can cause employees to disengage and quiet quit. Unlike active managers who follow and support the day-to-day activities of their team, quiet leaders ha[...]
