Advice for Small Businesses from the Delivering Alpha Conference

August 2, 2012 Debbie Jacobs In the News

The recent CNBC Institutional Investor Delivering Alpha Conference hosted numerous hedge fund and private equity tycoons, as well as leading investors and other finance magnates. The conference discussed recent happenings in economy, taxes, unemployment, small businesses and job creation.

Some of the advice offered by the hedge fund managers can be applied to any small business as well, and narrowed down to five resonating tips. The first, according to the Huffington Post, is:

Culture and shared values– KKR Co-Chairman and Co-CEO Henry Kravis said “every employee at KKR is an owner. That is the only way to build lasting business.” He added that his partner, George Roberts, is “my cousin, my best friend. We don’t have arguments. I have known him since I was 4 years old and we have shared values.”In your small business, have you taken any time to step back and think about your employees and who is involved in managing the company?

…Have you developed a culture, environment and compensation structure where your employees feel valued and rewarded… Have you developed an organization spirit and fabric where your team is committed to and vested in the success of the company?

The concept of “shared values” is not fluff. It speaks to common and mutual respect, understanding and integrity. This in turn impacts your business principles, objectives and practices.

 

Business Advice, CNBC Institutional Investor Delivering Alpha Conference, hedge fund managers, Hedge Funds, Henry Travis,

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