GAMBITS

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The Common Traps of Working in Your Family’s Business

“What’s wrong — is the company going bankrupt? Are we being sold?”<p>For Charlie, who had joined his family’s bakery business two years after getting his MBA and earning his stripes at another company, this question from the plant manager came out of the blue.<p>He was eager to earn his colleagues’ …

Smart Leaders Focus on Execution First and Strategy Second

“We found the perfect strategy” ranks with “And they lived happily ever after” as a perpetual myth. A strategy is never excellent in and of itself; it is shaped, enhanced, or limited by implementation. Top leaders can provide the framework and tools for a team, but the game is won on the playing …

Returning to Work When You’re Grieving

The death of a loved one can be devastating. And while many companies provide bereavement leave, the leave is often only three to five days. Some of us are fortunate to be able to reduce work hours or quit work altogether for a while. Others have a manager who gives us unofficial time off. Even so, …

Bombardier rejects Boeing claim C Series was dumped into the U.S.

Bombardier and the federal government have rejected Boeing's claim in a complaint filed with the U.S. government that its Canadian rival has dumped its new C Series commercial jet into the United States at below cost.<p>"Bombardier structures its commercial dealings to ensure compliance with the laws …

The First 5 Steps to Launching a Successful Ecommerce Business

Make sure you get the right information at the right time.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>There’s no shortage of information online on how to start an ecommerce business. A quick Google search reveals millions of results on the subject. But all that information might be …

3 Stocks to Buy With Dividends Yielding More Than 5%

These high-dividend stocks could give you income and long-term growth.<p>It's rare to find high-dividend stocks with safe payouts, whose businesses also …

Reduce Organizational Drag

<b>Michael Mankins,</b> Bain & Company partner and head of the firm’s Organization practice, explains how organizations unintentionally fail to manage their employees’ time and energy. He also lays out what managers can do to reduce what he calls organizational drag. Mankins is a coauthor of <i>Time, Talent,</i> …

Exclusive: The Trump Administration May Evict the Press from the White House

"They are the opposition party," a senior official says.<p>The upset to the existing order caused by the presidential election has been acutely felt by no one, perhaps, so much as it has by the national press. At Donald Trump's press conference on Wednesday, reporters found themselves not only subject …

Make Sure Your Team’s Workload Is Divided Fairly

An important part of your job as a manager is making sure everyone on your team has the right amount of work. It’s tempting to give the workhorse more projects than others (especially if she’ll get them done the fastest) or to ease up on someone who is struggling, but you also need to be fair. How …

Leaders Who Get Change Right Know How to Listen

Organizational change comes at a cost. It requires people to sacrifice something they value, whether it’s time, money, responsibilities, control, status, comfort, or relationships. The more your change effort disrupts those things, the more people will resist or even rage against it.<p>That helps …

Make Time for the Work That Matters

Reclaim up to one day a week for your most important work with this video slide deck. Download a customizable version in Subscriber Exclusives.

Successful Companies Don’t Adapt, They Prepare

In 1960, Harvard professor Theodore Levitt published a landmark paper in <i>Harvard Business Review</i> that urged executives to adapt by asking themselves, “What business are we really in?” He offered the both the railroad companies and Hollywood studios as examples of industries that failed to adapt …

The Only Way to Find Clients Is Something Simple You Aren't Doing Enough

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>I’m annoyed.<p>I’m annoyed that there’s a ton of advice for finding clients out there that’s completely contradictory. Everything from “build your Twitter following and engage!” (whatever that means) to “buy 10,000 business cards and pass …

How to Manage Managers

When you’re managing managers, your responsibilities are two-fold: you need to make sure they’re producing good work (as with any employee) and that they’re effectively supporting their teams. You might know how to do the former, but how do you do the latter? Do you need to provide training? …

Following a few simple tips should protect you from the subtly depressing influence of social media, keeping you both happy and productive<p>In September, the first positivity officers of the United Arab Emirates’s Ministry for Happiness will begin their training in happiness science, a program …

Social Media

Research: Delegating More Can Increase Your Earnings

How can a busy professional become more productive when there is only so much time in the day?<p>One simple answer: Delegate more of what you don’t have to do yourself. This frees up your time so that you can spend it where it is really valuable.<p>There is nothing new about delegating, of course. …

Professional Liability Insurance

What is Professional Liability Insurance?<p>Professional liability insurance, also known as errors & omissions, or E&O insurance, helps cover you and …

There's a mad rush for housing like we haven't seen since the end of the financial crisis

To recap the problem, the supply of housing, especially in the affordable entry-level segment, is not keeping up with huge demand from first-time buyers and existing homeowners looking to upgrade.<p>Zillow's latest Real Estate Market Report released on Friday shows that homes are selling faster than …

Voila! Ori Robotic Furniture Can Change Your Living Room to a Home Office in Seconds

With the need for smaller more cost effective living spaces in mind, Ori Systems has developed a line of modular furniture that makes the most of the …

What's the Best Corporate Structure to Protect Small Business Owners?

Do you create a partnership? A corporation? And what kind?<p>When business takes a turn for the worse—the debts become unmanageable, say, or it’s hit …

Embracing Change Means Disrupting Your Day

We recently gave a talk about change. At the start of the Q&A session, one young woman’s hand shot up. She brightly said into the microphone: “I am someone who loves change! I embrace change! I welcome change!”<p>She then paused, and asked a poignant yet plaintive question: “But how can I make sure …

Getting Teams with Different Subcultures to Collaborate

The term “organizational culture” can obscure an important truth: An organization often contains many cultures. This is true even if your organization is located entirely in one country, or even at one site.<p>Because each business unit or team may have their own subculture, working effectively across …

Learn to Love Networking

Rami Niemi<p>“I hate networking.” We hear this all the time from executives, other professionals, and MBA students. They tell us that networking makes them feel uncomfortable and phony—even dirty. Although some people have a natural passion for it—namely, the extroverts who love and thrive on social …

10 Powerful Habits of Mentally Strong People

Mentally strong people need to have some time on their own.<p><i>"What are the characteristics of a mentally strong person?" originally appeared on Quora--the knowledge-sharing network where compelling questions are answered by people with unique insights.</i><p><b>Answer by Gianni Cara, founder of SmartLab and VP</b> …

What Great Listeners Actually Do

Chances are you think you’re a good listener. People’s appraisal of their listening ability is much like their assessment of their driving skills, in that the great bulk of adults think they’re above average.<p>In our experience, most people think good listening comes down to doing three things:<p>Not …

Public Speaking

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How to Create Joy Today: 7 Tips for a Happy Life

<b>“Happiness is not something ready made. It comes from your own actions.” ~Dalai Lama</b><p>I have recently come face to face with mortality—not my own, my …

12 Habits Of The Most Productive People

You know those super-productive people who manage to get more done than the rest of us? These are their secrets.<p>Some people just get stuff done. By the time most are pouring their second cup of joe, these super-achievers have been to Crossfit, hit inbox zero, and nailed the rough draft of that …

16 famous brands that started off as products for the military

Some brands proudly display their backgrounds in their logos, websites and marketing, while others would rather consign their early beginnings to the history books.<p>Either way, a surprising amount of brands started off by supplying products to the armed forces or discovered the products that made …

10 characteristics of people with high emotional intelligence

What is it about how certain people behave and interact, how they are "wired," that drives them to greater success than their peers?<p>More often than not, it is their emotional intelligence (EQ), their "ability to identify and manage the emotions of themselves and others."<p>There are critical ways that …