The seven sins of decision-making include fear of failure, poor communication and not establishing an effective decision-making process, all of which can discourage and scatter talented employees, writes Alaina Love. A company may be guilty of these blunders when decisions are delayed or struck down, employees are punished for wrong choices or those in customer-facing positions aren't able to quickly address issues.
The formula for a perfect sandcastle is one part water to eight parts dry sand, with finer sand being able to hold water better, advises sedimentologist Matthew Bennett. A plain round bucket is better than one with inlaid designs for making many types of architectural features, while myriad tools in different sizes can help sculptors of different ages make the most of their fun.
Jason Stone, creator of Millionaire Mentor on Instagram, built a massive following largely by teaming with other entrepreneurs to plug each other's accounts on a regular basis. Stone defined a specific niche market and made smart use of hashtags and collaborative content along the way, writes R.L. Adams.
The Federal Reserve is raising interest rates to preserve the nation's economic expansion for as long as it can, said San Francisco Fed President John Williams. "The very strong labor market actually carries with it the risk of the economy exceeding its safe speed limit and overheating, which could eventually undermine the sustainability of the expansion," Williams said.
The Senate's Better Care Reconciliation Act would leave 22 million more Americans uninsured by 2026 than would be under the Affordable Care Act, and it would raise premiums in the first two years but have 30% lower premiums in 2020 than under the Affordable Care Act, according to an analysis by the Congressional Budget Office. If the Senate bill is passed into law, the number of uninsured would increase by 15 million next year, largely due to the repeal of the individual mandate, but federal deficit would be reduced by $321 billion over the next decade, CBO said.
It's important to know how people perceive you around the office, particularly if you're considered a negative individual, writes Stephanie Vozza. If you find yourself rushing to assign blame or having a hard time letting go of previous mistakes, others are likely to consider you a downer.
Martha, a 125-pound Neapolitan mastiff, won the Sonoma-Marin Fair's World's Ugliest Dog contest in California. During the competition, Martha impressed the judges by slowly climbing on stage and taking a nap, snoring loudly while ignoring the cheers of the crowd.
Nearly 60% of job seekers say they have had a poor experience as a candidate, and 72% report sharing the experience with someone directly or online, according to a CareerArc survey. Employers must treat candidates as stakeholders and respect them to avoid public damage to the brand and to attract ideal employees, says Lian Shao of the University of Washington Foster School of Business.
When wages increased to $13 per hour in 2016, Seattle workers' hours fell by 9% costing them $125 a month on average, according to a study. Another study of food services employees found the wage hike was not hurting workers.
The idea that nine of 10 companies fail has become ingrained in startup culture, but research suggests that it's not true. The key takeaway is that entrepreneurs should "take a skeptical view of the widely accepted knowledge in Startup Land," writes Erin Griffith.
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