Michael Saltzstein

Unsplash.com Michael Saltzstein on Ways Leaders Can Encourage Their Employees Michael Saltzstein emphasizes that employee motivation is important to keep a business thriving. As an industry leader, he knows managers have a role to play in empowering the people they work with. While it's important to act professionally, workplaces don't need to be places of apathy. Instead, executives, supervisors, and other superiors can be encouraging authority figures that inspire employees to do their best. Michael Saltzstein suggests these three ways to effectively motivate your work team. Be open with employees. While there may always be some information you shouldn't share with your employees, it's important to relay necessary information about the company, the department, and even the team. Providing regular updates on projects and policies will give employees a sense of security. Doing so will also keep them on the same page regarding the firm's goals and overall dire

pexels.com Leaders like Michael Saltzstein are constantly engaged in some form of negotiation. They have to negotiate with customers, other businesses, or parties external to the organization. In many cases, they also have to participate in discussions with partners and team members. Negotiations have to be fair and well-balanced to ensure that both parties involved will benefit in the long run. This article explores some strategies that can help leaders encourage a win-win negotiation. Prepare and be knowledgeable . Before coming to the negotiating table, you must have reviewed all the information necessary for the discussion. Furthermore, it would be advantageous to have already identified the alternatives that are available for both your organization and the other side. This is only possible if proper research and analysis have been conducted. Set up multiple offers. A common mistake that has been committed time and again when it comes to negotiating is having only one offer on t

  thebluediamondgallery.com Like every business owner, you want to scale your venture and eventually take it to the next level. But let's face it—business success is never guaranteed. Michael Saltzstein shares that even the wealthiest entrepreneurs bombed several projects over their years in business.  Does this mean you should give up your plans altogether? Of course, not! Although you can't eliminate all the risks your business faces, you can minimize potential damages through insurance protection. It protects you from severe financial losses. Depending on your policy, you could walk away from even the worst accidents, disasters, or lawsuits with minor damage. While there are dozens of business insurance policies, you might not need most of them, so don't blindly agree to everything your agent offers. Michael Saltzstein suggests looking into the following first: General Liability Insurance Depending on the nature of your business, most states will require commercial gener

  Michael Saltzstein observes that the recent pandemic emphasized the importance of business continuity strategies. One hundred thousand brick-and-mortar businesses shut down in 2020. However, startups in relevant sectors like MaaS, food delivery, medicine, and eCommerce made billions in revenue in the past years. Adapting to a crisis could spell the difference between bankruptcy and prosperity.   Despite the importance of business continuity, entrepreneurs rarely focus on it. They would rather allocate their resources to money-making projects like business expansion and mass production. Also, planning for failure can come off as eerie.   Does your company also have trouble planning for crises? To help you with your business continuity plan, Michael Saltzstein shares some crucial, straightforward crisis leadership tactics. Communicate with the Team Keep your team in the loop. Be transparent with the company’s current situation and update them beforehand if you plan on imple

How companies handle workers’ compensation issues is often seen as a reflection of their culture and ethics. Workers’ compensation claims are time-sensitive and must be handled promptly. If an employee fails to receive the benefits they are entitled to, this could result in a costly lawsuit and undoubtedly garner negative press for you and your company.   Michael Saltzstein advises creating standard operating procedures (SOP) to guarantee swift claims processing. Work with your HR admins to address common barriers, such as thorough documentation and detailed correspondence with parties involved in the incident.   In this article, Michael Saltzstein offers tips for accurate and efficient handling of workers’ compensation claims.   Complete Incident Reports Draft a complete incident report as soon as your employee reports an on-the-job injury. Include all details relevant to the incident, their ongoing medical expenses, the physician selected, and your company’s compensatio

Even in the best of circumstances, navigating change can be difficult. Shocks in the financial world have a way of causing unanticipated problems in the world at large. As a result, CEOs must always be alert while still being influential leaders, informs Michael Saltzstein.   Many CEOs mistakenly believe that because financial teams are more analytical than marketing teams, they can make changes without fully understanding the consequences. Though this seems a reasonable assumption, it could not be further from the truth. Here are some best practices for navigating financial change.   Identify the Area of Change Some aspects of your organization will change organically, while others require an administrated change for your company meets its objectives. For example, when you're scaling up, having cash flow management issues, or if your current CFO is leaving.   Evaluate Your Resources Michael Saltzstein does not believe the time-honored adage that when you find somet