Browsing Articles Written by

Carol Roth

Carol Roth is a radio host on WGN, a CNBC TV contributor, a ‘recovering’ investment banker & a bestselling author of The Entrepreneur Equation. You can find her on Twitter @CarolJSRoth or at www.CarolRoth.com. She also has an action figure made in her likeness.

Small Business Dress Code

6 Things to Consider When Formulating Your Small Business Dress Code

By February 10, 2017 No Comments

Aside from wearing the occasional Chicago Blackhawks jersey (especially on a long flight), I make a point of maintaining a professional appearance in public. That used to mean dark suits and long sleeves. Happily, corporate dress codes have changed in recent years.

Small business employees often expect a more relaxed policy that does not automatically fit when their companies are competing with larger companies. Establishing a dress code creates a quandary; formal attire may present a more professional appearance to customers, but employees may balk at spending money on expensive clothing or not being able to express themselves. To help you tread the line between fussy corporate and circus attire, here are six things to consider when formulating your dress code.

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4 Reasons Why Small Businesses Need EQ as Much as IQ

By January 26, 2017 No Comments

Small business owners and their direct reports clearly need above-average intelligence to know how things work — from understanding the numbers to knowing every phase involved in getting their products or services to customers. Whether that knowledge comes from a MBA or experiential knowledge, a good Intelligence Quotient (IQ) is pretty much essential.

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4 Ways for Small Businesses to Survive Employee Turnover

By January 12, 2017 No Comments

Does your small business have an unavoidable propensity toward employee turnover? Some vital jobs are simply not interesting enough to attract long-term workers. They may leave unexpectedly or you may promote them as they become more knowledgeable. These days, you also may face a new employee turnover concern: millennials. Where baby boomers generally think twice before quitting their jobs, millennials might quit suddenly because of the appeal of an immediate sabbatical opportunity in East Pago Pago.

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5 Ways to Hire – and Retain – Millennials in Your Small Business

By January 5, 2017 No Comments

You've heard the warnings about hiring millennials: they don't want to work hard, they lack focus, they don't show up for work regularly and more. Granted, when it comes to employee attitudes, times have changed. But, have you considered that maybe they're right?

On the surface, millennials seem to sport bad attitudes, but a deeper look indicates that most millennial employees need to be happy and engaged on the job. Isn't employee engagement the thing that dedicates them to the success of your company? If you use the following five tips to hire the right people and keep them engaged, your employees may stay longer… to your company's benefit.

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Onboarding: An Overlooked Tool for Small Business Employee Management

By January 3, 2017 No Comments

The term, onboarding, may bring to mind an ocean cruise (hopefully not the Titanic). But, in today's jargon, it refers to the process of bringing new employees into the company and making them comfortable and productive in relatively short order. Where orientation is generally a one day process to teach newbies about the company and its overall culture, onboarding is an extended process that can take weeks or even months to accomplish, depending on the person and the job.

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Recharge Your Business

4 Ways that Co-working Facilities Can Recharge Your Service Business

By November 30, 2016 No Comments

Any small service business owner that needs a professional office presence while traveling probably knows the value of co-working facilities. A membership provides everything from a quiet workspace with Internet access to a professional office presence for client meetings.

Many people do not consider another major benefit of these offices: they house an interesting (and changing) mix of businesses in one place, offering countless opportunities to create relationships. It's easy to broaden your business network in common areas, such as cafeterias, coffee bars or in elevators or hallways.

With a friendly spirit and perhaps a nice smile, anyone can strike up conversations that generate the solutions, ideas and resources that are particularly important to service business owners. Here are four ideas to get you started.

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Important Management Skills

Tools That Improve 4 Important Management Skills

By November 18, 2016 No Comments

Brilliance at business management is seldom a reason for starting a company. Unfortunately, businesses do not live on passion alone; a range of time-consuming management skills is essential to daily operations and overall success.

The good news is that there are many tools are available to help you master four essential management skills. It always makes sense to do your own research, but here are some choices to help you begin your quest toward management perfection, while gaining more time to focus on your core business.

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