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Investing in residential rental properties can be rewarding and profitable. But having a sense for how you will build your portfolio of properties, be it just a few or many, is important to keeping you focused on buying properties that you believe give you the best chance for success on your specific market.

Providing effective feedback to employees is critical to the enhancement of employee performance. This article provides insight into a subtle, but important distinction between traditional feedback and feedback that focuses on benefits to the employee.

Having an employee performance review process in place is important for a number of reasons including: Enhances coaching and mentoring opportunities for managers and supervisors. Clarifies the performance criteria that are important for employees to understand as important in...

What is Strategic Planning? 
In order for a business to be successful, there needs to be a roadmap for success. A strategic plan helps to provide direction and focus for all employees. It points to specific results that are to be achieved and establishes a course of action for achieving them. A strategic plan also helps the...

Think More Strategically 
Getting employees to think strategically rather than operationally can be difficult. Here are some simple tips on learning to think more strategically: 1.Remember that the foundation for a sound strategic plan is goals. They provide direction and focus and well as a basis for finding alternative...

Preparing an effective business plan is important for primarily two reasons; 1) it will help guide the business and 2) it is essential to obtaining funding whether you are financing a start-up or early stage business or a mature one that is expanding. It is no secret that...

Creating a sales compensation plan that is equitable to both your business and your sales staff is a critical element of sound business management. Too many businesses construct sales pay plans that just don't make sense. Make sure yours works for all involved.

Every business must face the fact that they will eventually have to endure the impact of downturns in the economy. Economic conditions cycle for various reasons and, even though there has recently been an extended period of a strong economic environment, the world is now facing a...

Here are five common business mistakes that can have a dramatic impact on the bottom line.

There is often a lot of confusion about what constitutes a marketing strategy. This article summarizes how marketing strategies are developed and integrated into a marketing plan.

After many years of observing managers while seeking answers as to why certain managers are successful and others seem to fail, we have developed a list of attributes that seem to help explain why some managers are more effective than others. One of the primary problems in most businesses is a...

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