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Posted on May 29, 2020 by MyNetWire
Categories: Info Articles
Strategic partnerships happen on occasion as businesses want to boost their growth.  Often, they are more likely to occur when separate brands conclude that they can expand their reach by combining forces.  The result is supposed to benefit all parties involved.  Some people believe that strategic partnerships only happen between companies in the same industry.

After all, what would an Indianapolis website design firm and an automotive dealership have in common?  This mindset has been disproven by the strategic partnerships that have occurred between large companies over the years.  From expanding the customer base to generating trust, strategic partnerships offer many advantages.
 
Expanding Customer Base

When a company business partners with another, they know in doing so that they will have access to the customer base of the other business.  This is what happens when two companies enter into a partnership.  Their collaboration allows them to reach a new pool of potential clients, widening their control over the market and growing their revenue in the long run.
 
Added Value

One advantage about partnerships is that they add value to a company’s existing pool of customers, allowing them to benefit from products and services that were previously unavailable.  An automotive dealership would happily partner with an Indianapolis website design firm if it meant their online interface was easier to use for booking appointments.  The best partnerships will satisfy the customers of both businesses.
 
Trust

Strategic partnerships are an effective tool for generating trust.  The perception a company portrays to the public is determined by its actions and also the reputation of the businesses with which it associates.  As far as most people are concerned, companies are only as good as their partners.  A strategic partnership builds trust by allowing one company to take advantage of the generosity and that association leads the public to perceive them in a favorable way.
Posted on May 13, 2020 by MyNetWire
Categories: Info Articles
The virus pandemic this year has been one of the most disruptive forces that businesses have faced in recent history.  In a majority of cities, business owners and managers are trying to restructure their operations in reaction to the quarantine.  Many companies believe they can survive by outsourcing a portion of their business processes.

Others think it’s more cost effective to build teams of remote workers to handle all the necessary tasks without breaking the quarantine rules.  However, managing a team of remote workers to be efficient during a crisis can be extremely difficult.
 
Supervision

Only a few small business websites have tips posted for those in charge that have never managed remote workers to find a balance in their approach to supervision.  Some companies give their remote workers so much leeway that it creates confusion and they have no idea what is expected of them.

Other businesses end up micromanaging to the point they control all the activities of their workers.  The key is to find a balance, applying enough control to ensure that your remote workers know their duties but giving them enough space to work without interruption.
 
Motivation

Businesses should make every effort to motivate their workers.  One way to do this is to give them strict rules and procedures to follow each day.  Create realistic goals for them to achieve and how you expect them to overcome challenges.  Praise their effort when they succeed as failure to do so can have a negative impact on their work ethic.
 
Communication

Obviously, you need to adapt the tools at your disposal to a particular situation and conversations during this crisis require real time video engagement.  Monitor the lines of communication between staff members to prevent misunderstandings and the spread of false information.  A common suggestion you might find on small business websites is to get regular reports from your remote workers.  Ask for daily feedback and schedule weekly meetings so any obstacles may be reported at that time.
Posted on April 21, 2020 by MyNetWire
Categories: Info Articles
Business owners are expected to embrace many roles when starting a business, especially during the beginning.  At some point, that business will likely expand and they should evolve with it.  That means relinquishing a portion of control over the numerous roles they used to perform so more important projects can be focused on.  New entrepreneurs tend to struggle with the idea of entrusting their authority to others.  Typically, only those that overcome this obstacle get to experience lasting success.
 
Identify Your Strengths

The task of assigning leadership roles to staff members has to be done strategically.  The objective is to relieve yourself of some tasks that free up time so that you can focus on others.  This means identifying and pursuing the areas where you excel the most and leave those roles where you might struggle in the hands of qualified staff members.

Though there should be some involvement at random times to ensure the company continues on the right track.  The key is to focus on your strengths and let staff members handle tasks such as implementing a new Indianapolis website design.
 
Introduce Adequate Replacements

Obviously, you shouldn’t just stop and abandon the areas in your company where you may be weak.  You must also find qualified people that possess the skills to perform the tasks you are no longer willing to do.  If possible, try to find talent from within and train them to fulfill key roles efficiently.
 
Maintain Oversight

A crucial part of the process is to oversee new leaders that you have trusted with doing the tasks you once performed.  If you decide to trust a new employee with implementing changes to an Indianapolis website design, make sure you track their progress, note their mistakes, and do so without micromanaging their efforts.
It is particularly important to show them that you believe in them.  At the end of the day, it is never easy to replace yourself.  But if you have a trustworthy team to assign leadership roles to, your business is more likely to succeed!
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