Key-person dependency risk is when only one person on your team possesses certain business-critical abilities or knowledge—so if that person leaves, you're in trouble. The first step of mitigating that risk is taking stock of your team members and their skills. Decide what's important, and train or hire accordingly.

Delivering bad news is rarely easy and never fun. But delaying and worrying often make it worse than it needs to be. Most people on the receiving end would prefer to hear bad news sooner rather than later, so instead of putting off the undesirable task, try some of these tips to deliver bad news as easily as possible.

Have you ever heard someone say, “How is it we never have time to do it right but we always have time to do it over?” When we rush to complete work, that's often when errors happen. It may seem counterintuitive, but slowing down may be one of the best ways to get the job done quickly—and right the first time.