Blog - Business Success
Category: Business Success
How Is Your Employee Experience?
So as a business owner, how is your overall employee experience? Read more below to find out what you should be doing to keep and maintain your
Business Success Through The Generations
Only 75% of all family-owned businesses are third-generation operated. Passing the torch on to the next generation can be difficult. Vend Advisors is here to lend a hand in making sure your business stays successful for generations to come. The Hand-Off Having a multi-generational business is hard on its own. Passing the enterprise down to the next generation can be a difficult task. There are numerous cultural and technological differences between each generation. Having established communication between each age group is essential to the continued success of your business. No particular group should feel isolated or disrespected. Otherwise, a fumble can take place within your business which could result in How Do You Have These Discussions? The first step is to acknowledge that these discussions need to occur before passing the torch. If the elephant is in the room, you can't hide it. It would be best to deal with the elephant to move things along. Dealing with generational problems through open discussions will help influence decision-making and perspective. Be accepting of the other generations. How Vend Advisors Can Help Once your family-owned business decides to have these discussions, we can help by facilitating these conversations. We can act as a mediator in a safe and private environment so that your family can establish meaningful and civil discourse. Learn More Vend Advisors is here to help! Please br
Stepping Outside Of Business Norms
At Vend Advisors, we have helped all sorts of business owners maintain their success for many years. With any business comes traditions and norms that you might have implemented when the business first kicked off, but there is always room for growth and improvement, which is why we believe that thinking outside of the box might potentially save your business long-term. Staying Busy As with any business, you can continuously improve your current techniques and growth strategies. Most of the time, we see business owners who tell us that they do things a certrain way because "that's how it's always been done." However, realizing that something can be fixed does not necessarily mean that it's broken. In the business world, changing your structure or recalibrating your business plan indicates the desire to unhinge from remaining stagnant. Your efficiency standpoint needs to change and evolve to keep up with business trends. The world we live in is constantly changing. As a business owner, you want to maintain new cultural aspects for your employees and customers. Continuous innovatoin and change for the better might seem like a risk, but staying in traditions isn't always the best result either. Communication is appropriately the most crucial aspect to maintain in any business. It allows for growth in almost every area. It gives your business the chance to discover new opportunities to make a
