Austin Vance

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The solution requires treating compensation as a direct reflection of each individual’s value to the company and to the market.

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These crucial factors will contribute to the organization's ability to thrive and make the necessary improvements, year after year. Taking a mid-year stock of your company's latest goals, accomplishments and challenges in the industry is a typical process that every leader and their team must engage in to enable the establishment to survive.  But why wait until mid-year? Planning ahead of the assessment season to find innovative solutions that will push your company's growth—whether you're experiencing an economic downturn or the business is booming—is the best way to move forward!  Here are nine items that leaders from Fast Company Executive Board always like to consider in their efforts to help the company continue to meet its objectives. 

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Here's how implementing good advice can improve your bottom line in the business world. The success of a well-run business is not determined by its financial performance levels alone, and that is why leaders need to take a holistic approach and consider how each area of the establishment and decisions made about specific contributions to the company can build it up or weigh it down.  As you work towards achieving your financial goals, it's also important to find the right balance and prioritize how to maintain a steady cash flow and make wise choices about how and where to invest your time and money to elevate the organization.  Below are 16 members of Fast Company Executive Board to share some of the best practices they've received about how to manage their company finances.

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Trying to build a good reputation in the competitive marketplace isn't always easy. Some of the best made relationships in business begin with constant communication between a company and its client to establish mutual trust and a deeper understanding of each stakeholders mission and purpose. Being the new kid on the block in an oversaturated market may seem intimidating at first, but gets easier in time—once you crack the code. By learning how best to solve your customers' most challenging dilemmas, you're bound to become one of their most reliable resources, time and again. Below are 13 best practices that Fast Company Executive Board members have repeated to present a great impression (beyond the first) to attract and keep their prospective clients.