Being a bad boss is one of the top mistakes entrepreneurs can make
By BuildMyBiz on October 19th, 2012
October 19, 2012 in Starting a Business
There are a lot of missteps that can occur when starting a new venture, from failing to find small business funding to adopting the wrong marketing strategy.
Yet, how owners treat their employees is just as vital, according to a recent survey of 1,000 American executives from Tell Your Boss. The research found that 65 percent of staff members would prefer having a better boss over a raise.
The findings back up a recent article from Forbes that asserts there is a new breed of boss in the business world – the ones who bring out the best in their workers and foster a supportive, creative culture.
For example, Larry Page of Google implements a program known as ’20 percent time’ during which employees can work on passion projects. Howard Schultz of Starbucks spends more money on training than on advertising, the magazine explains.
While small business owners may not have the resources to adopt programs similar to their larger counterparts, there are small steps they can take, including recognizing employees for everyday tasks and sales.
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