Business Archives

One-Minute Redirect: Instantly Fix Poor Performance

What is a one-minute redirect? How can performing one-minute redirects improve your staff’s performance? In The New One-Minute Manager, a one-minute redirect is a way to give immediate, effective, and constructive feedback to your employees when they’re not performing up to standard. This method works better than the typical performance review because it allows employees to correct their mistakes immediately. Learn why you should use one-minute redirects rather than performance reviews.

Simon Sinek on Leadership: Lead Courageously

What makes a great leader? What does Simon Sinek say about leadership qualities? According to Simon Sinek, leadership is so much more than just having authority. True leadership is when you work toward a better future, even if it puts your own career in jeopardy. In this article, we’ll cover Simon Sinek’s views on leadership as expounded in his 2019 book The Infinite Game.

Setting Effective Goals: Learn How to Set SMART Goals

How good are you at setting effective goals? Do you know how to set SMART goals? In Smarter Faster Better, Charles Duhigg discusses how setting effective goals contributes to productivity. He outlines the elements and benefits of SMART goals. He also provides interesting examples from history to illustrate how setting effective goals can make a difference. Read on to learn about setting effective goals—particularly how to set SMART goals.

The One-Minute Manager: Quotes by Ken Blanchard

Looking for The One-Minute Manager quotes? What passages best highlight the lessons from the book? The One-Minute Manager by Ken Blanchard is a business fable for managers. The story teaches three core principles: one-minute goals, one-minute praisings, and one-minute re-directs. Here are the best quotes from Ken Blanchard’s book.

5 Guidelines for Simon Sinek’s Infinite Mindset

What does it mean to lead with an infinite mindset? What attitude differentiates an infinite-minded leader? A finite-minded leader plays to defeat others. In contrast, a leader who adopts the infinite mindset plays to maintain a healthy position within a competitive field. Sinek outlined five guidelines for leading with an infinite mindset.

Sam Walton’s Leadership Style: Trust in Your People

What was Sam Walton’s leadership style? How did Walton keep the small-store feel even when Wal-Mart had thousands of stores? Sam Walton had a “whistle while you work” attitude. He trusted his employees, encouraged open communication, held managers to the same expectations as their underlings, and more. This created a close-knit company culture in Wal-Mart’s early days. Keep reading for more details about Sam Walton’s leadership style.

Medical Billing Codes—Explained

What is medical coding? Who creates and maintains medical billing codes? In the United States, medical billing codes are used to identify medical procedures and communicate to health insurance companies the type of treatment that has been provided to the patient. Three types of billing codes are now prevalent: CPT, HCPCS, and ICD. Keep reading to learn about medical billing, its history, and its implications for healthcare providers.

Tim Ferriss: Business Tips For Entrepreneurs

Do you dream of having your own business? What is the number one factor for becoming successful as a beginner entrepreneur? According to entrepreneur and lifestyle guru Tim Ferriss, the most important thing you need to get successful in business is 1,000 true fans. True fans become your direct source of income and the major marketing force for ordinary fans. Keep reading for Tim Ferriss’s business tips on how to start a successful venture and grow it.

Lean Management System: How It Boosts Productivity

How does a lean management system maximize efficiency and productivity? What are its limitations? In Smarter Faster Better, Charles Duhigg explains how a lean management system contributes to productivity. He highlights one aspect of the lean method that he believes rises above the rest. Duhigg also provides a real-world example of the system and lays out its limitations. Read more to learn how a lean management system can boost productivity.

American Hospital Bills: A Peek Behind the Curtain

How do hospitals bill for their services? Why does hospital care cost so much more in America compared to other developed countries? American hospital bills can get exorbitantly high because the pricing practices are designed to maximize billing to the point of what’s acceptable. Hospitals can even add optional services without necessary patient benefit—using ultrasound to inject steroids in a knee adds $300. This article takes a look at the hospital billing system in America and gives some practical recommendations on what you can do to reduce your bill.