If you think it’s important to have a business plan and strategic vision, you need a human resources (HR) plan, too. It’s just as critical.

An HR plan gets your employees ready to execute on your business strategy and goals. It helps prepare your current staff and anticipates your future HR needs. A solid plan also helps prevent employee turnover and prepares your business leaders to make strategic hiring decisions in the future. A good HR plan includes a succession plan to limit disruptions to your business should there be a change in management or structure.

So what’s your company’s HR strategy?

Budgeting is one of the most critical financial management activities when it comes to a small business's day-to-day operations. The master budget for a business is an overall financial planning document, and consists of two budgets: The operating budget and the financial budget.

The operating budget for a business is a forecasted, or predicted, financial statement of all the revenue and expenses it expects during a specified time period like a quarter or a year. The operating budget is usually broken down by category of revenue for each product the business sells. It is also broken down by types of expenditures it makes regarding every product. Most firms further break down their operating budgets by fixed and variable costs.

The operating budget uses forecasted numbers in the different budgets, or schedules, that comprise it. These forecasts are based on historical activity, input from the sales force, and other sources. The result of the development of the operating budget is the pro forma, or forecasted, income statement for the firm for the specified time period.

DAOs are built on distributed ledger technologies (DLTs) such as blockchain technology and are designed to be transparent, secure and efficient. They offer a new way of organizing business and governance models that could potentially disrupt traditional organizations.

DAOs can help banks address common problems and streamline internal workflows by moving to a blockchain-based architecture.

Banks and financial institutions are some of the most centralized organizations in the world. A small group controls them, and their activities are often opaque. This centralization can make these firms susceptible to corruption, fraud, and mismanagement.

Since DAOs embody the characteristics of blockchain-based technology such as decentralization, transparency and security, they could assist in addressing the said issues.

A DAO for a bank or financial institution will be able to offer secure and efficient services without the need for a brick-and-mortar infrastructure, relying instead on DLT.

Adam Hendry is CEO of Tzadik Properties, a multifamily property management company based in Miami, FL and Sioux Falls, SD, and one of the largest owner-operators in South Dakota. Hendry has more than 15 years of progressive management experience in the real estate and property management industry, with an emphasis on strategic planning and the establishment and management of long-term strategic partnerships.

Careful planning, budgeting and resource management are vital for startups. Entrepreneurs who clearly understand what resources they have available make the best use of those resources.

We did it again! Thrive has made The Boston Business Journal’s exclusive 2022 Fast 50 list, which represents the 50 fastest-growing private companies in Massachusetts. The Fast 50 companies are selected and ranked based on a formula that counts revenue growth from 2018 to 2021.

Thrive’s NextGen Technology Platform is designed to optimize IT business application performance via a secure and redundant Cloud-based infrastructure. Thrive’s cutting-edge approach creates a superior, day-to-day IT experience for businesses in Boston and beyond. The platform helps manage your Cloud, Collaboration, Cybersecurity, Disaster Recovery, Digital Transformation, Global Network Management and Traditional Managed Services capabilities at any time and from anywhere.

Event technology has advanced by leaps and bounds over the past two years, yet many event marketers still haven’t unlocked the full value that tech providers can offer. Data management is a case in point.

The increasing use of event tech has given event profs and marketers access to a wealth of data, but without proper management, it can easily become overwhelming. To get the most from event analytics, event organizers and marketers need tools that leverage two-way integration with CRM (client relationship management) software and MAPs (marketing automation platforms).

CRMs and MAPs can be so much more than registration platforms. When data flows seamlessly between an event platform and the best-in-breed MAPs, event marketers can take advantage of a self-managing feedback loop. This type of data exchange is constantly working in the background to improve the attendee experience with greater and greater personalization while also feeding into the marketing team’s sales funnel with increasingly targeted tactics.

By understanding this process and the benefits events stand to gain, event profs can harness the power of data to unlock personalized event experiences that deliver real value.

The Key to Program Management in Today’s Enterprise
Many people interchange “program management” with “project management,” assuming, perhaps, that their meanings are basically the same. While the two terms are interrelated, they are vastly different in how they are approached and by whom.

The enterprise program management office (EPMO) often leads program management for outcomes aligned with achieving corporate objectives. One of its primary charters is to orchestrate coordination and interdependencies of cross-enterprise projects comprising the program that together realize strategic goals.

Whether you like it or not, we live in a highly competitive world, and we don't all begin from the same starting line. Our skills, personality, education, efforts, and experience partly determine our place in the peloton. Those of us who haven't had a head start have to learn how to challenge themselves and bring out their best every day, just to be able to go the distance. In this constant pursuit of performance, managers can learn a lot from sports coaches. That’s why I'm not going to base my thoughts on the best selling leadership and management books, but rather on my readings from the literature and interviews of some of the greatest athletes and coaches in sports. Whoever said that “L’Equipe” (a French sports newspaper) couldn't be a source of inspiration?

If your doors are open sixteen, eighteen, or even twenty-four hours in a day, then you probably struggle from time to time with your staff scheduling.

Finding workers willing to work late-night hours for extended periods of time is a constant battle. People want to be at home with their families. They want a consistent sleep schedule and some semblance of social life.

How do you keep your output high and keep your staff happy and engaged simultaneously?

Rotating shifts are the solution.

This set-up allows everyone to take turns working early, mid-day, and late shifts.
#employeemanagement #scheduling