As women in business, we always have the opportunity to learn something when it comes to leading and succeeding in the business world. And every owner wants to expand their business in the future. However, there's a risk of losing control and failing that comes with scaling. So this article will review some tips that you can use to expand your business while keeping it under control.
Fixing Your Cost Structure
Before anything else, you will need to assess your business’ cost structure. The expansion comes with additional costs like new machinery or a new location. Being blindsided by expansion costs could hurt your company. Finding a way to lower your operating costs frees up cash, allowing your business to grow and stabilize. You can cut costs by eliminating low-earning products or low-performing services, or by improving your inventory turnover through new marketing and sales tactics. However, you also must be careful not to cut costs in a way...
The Cornerstones of Effective Women Mentorship
Over the years, women have broken workplace barriers by becoming business leaders and successful entrepreneurs in formerly male-dominated industries. In fact, CNBC reveals that the 2019 Fortune 500 list recorded the highest number of female CEOs to be featured in history. Despite the significant strides, there’s still more work to be done for women in the workplace.
Women leaders can make their presence even more impactful by taking on the role of mentors. Mentorship is integral for any company, as mentors help employees boost their career prospects. So, how can women shape tomorrow’s leaders now that they’re presented with this opportunity? Below, we dive into the cornerstones of effective female mentorship.
In the past, people have been taught that working in business is a dog-eat-dog world. Fortunately, many female-led companies are shifting towards a culture that focuses on empowering their...
5 Things You Shouldn’t Do On Your Work Computer
Nowadays, most modern jobs provide work computers. It is essential to get things done. But sometimes people start to loosen up and use a work computer for work-unrelated matters. And that is not a good idea. Here are 5 things you should avoid doing on a work computer.
#1: Don’t Log In Into Open Wi-Fi
If your work computer is a laptop, you probably bring it home or to meetings outside of work. But wherever you are, avoid using a WiFi network without the password. Open WiFi means that anyone is able to get all the details you are filling in on your computer. It’s especially risky to be checking sensitive business data.
Arnas Stuopelis, Chairman of the Board of hosting provider Hostinger, warns: “One of the most common threats on an open network is an attack called Man-in-the-Middle. When a computer connects to the Internet, data is sent from the computer to the website. Open Wi-Fi can allow an...
5 Ways to Address Sexual Harassment in the Workplace
By Esme Oliver
Ever since I graduated from college, I have worked in high-pressure environments with a lot of powerful men. The vast majority of men who I interacted with on a daily basis were my superiors. I have worked in Congress, law firms, a Fortune 100 company and a startup throughout my career. As different as each job sounds, I had one thing in common at all of them. I was at the receiving end of sexual harassment at each job.
Believe it or not, I can say that I have been sexually harassed at almost every job I have ever had. However, in the wake of the #metoo movement, this fact probably won't surprise you or anyone else. Although I was young and naive when a lot of this happened, upon the precipice of 40, I did eventually work up the courage to file a lawsuit against my harasser -- and I won. This was a daunting undertaking, but I realized it was something I personally needed to do. Quite simply, it...
How Can Facilities Managers Improve Sanitary Waste Practices?
(From our friends oversees)
Now that climate change has become harder to dismiss, many of us are more aware of how human activity impacts the environment. This gradual surge in awareness has targeted all aspects of life with an amplified call for changes in behaviour. Even small aspects of our daily routines can be harmful to the environment. The sanitary sector is certainly not exempt from this and many women may take the creation
and disposal of these products for granted. However, these products can be a huge contributor to environmental damage. The Women’s Environmental Network has found that, on average, a woman will use more than 11,000 disposable menstrual products over her lifetime, which produces a staggering amount of waste. While periods are a reality that we cannot avoid, could we be managing the associated waste in a cleaner, eco-friendlier way? One of the most important things that facilities...
Effective corporate communications can play a vital role in boosting employee engagement, investor confidence and brand recognition. Kimberly Ramalho, a communications executive for Lockheed Martin’s Rotary and Mission Systems, says as more chief executives are acknowledging, it’s a serious, strategic aspect of business, and a fundamental ingredient for the health and future of the enterprise. Read the Thrive Global story here