Investing a small amount of time will surely reap dividends and bring positive change and fresh practical ideas to make the business better. One opinion or idea could transform the business. If there are thousands of employees, then enlist the help of fellow directors.
The end of January is rapidly approaching, but it's not too late to adopt some good habits for the year ahead. As a small business owner I'm a big fan of capitalism. There is no other economic system that generates the wealth we need to make society work...
As employers, we know how tough it is out there, but that doesn't stop us wanting the very best people for the job, particularly as these new recruits could one day become the leaders of our businesses. We want to see evidence that these young people have got what it takes to negotiate the complexities of today's workplace.
With that in mind, David Cameron has vowed to treble the number of start-up loans the government is dishing out to Britain's aspiring entrepreneurs. Who wouldn't love that? There's just one little problem: if that same government doesn't make some serious changes to the level of support small businesses are currently afforded, in five years we may have about 75,000 failed startups on our hands.
I have developed what I have termed menopausal Tourette's. What I mean is I find I am actually vocalising my inner thoughts, sometimes to the perpetrator and all too often to the world at large. Leaving me looking well frankly just a bit crackers!
Professor Schwab has put ethics on the WEF agenda for the first time. He is right that trust has suffered and that ethics is critical...with a few nuances.
Despite the fact that the sharing economy is such a basic endeavor that has existed for centuries, many economists, corporate thought leaders, members of the workforce, and consumers themselves, have expressed hesitations regarding this model.
Feedback. Yes, it's a big ask but it is also something that has the potential to transform young people's lives.
Less public and private sector spending, or 'consumer consumption', leads to less need for manufacturing and service providing reducing levels of productivity, which is a decline in economic output.
You know how low the success rates are for startups. Make yourself as valuable to your business as you possibly can and you'll end up making your self more employable outside of it. Doing so also helps drive your business forward.
My resolution this year was to leave my job, which was a very stable job managing a mobile phone shop, and start up my own business online.
The Apprentice candidate Solomon Akhtar showed us that young people can become entrepreneurs by being passionate about an idea and utilising their knowledge and skills set. (Just don't put two pages of sailing boats in a business proposal!)
Soft skills are a game changer for career development and business growth and it's time for employers, government, educators, parents - everyone - to take action to recognise, promote and improve them. Part of the success in my journey wasn't about my qualifications or experience, but it was the value I gave to soft skills that helped me get to where I am today.
The Chancellor is right to argue that debt will have to be reduced. There is no definitive answer to the question of the optimal level of debt, but debt in the UK has doubled since the onset of the financial crisis and, as a result, it would be harder to respond to a future severe downturn in economic activity through an easing of fiscal policy. Debt needs to be reduced to create room for it to be increased again if needed.
Into 2015 and beyond we can expect to see fewer lenders granting fewer loans, resulting in a greater dependence on state support and rise of the grey and black markets.
Many of us have noticed the impact of rising household bills like energy. New private spending on infrastructure will push bills up further, and not enough is being done to make sure it's affordable or this money is being invested as cost-effectively as possible.