If you’re running a business you will know that hiring truly exceptional talent is getting difficult these days. Rather, it was always difficult. Yes, there is a wealth of individuals out there looking for jobs who are armed with high profile degrees from the best colleges. But this doesn’t mean they have the required proficiency in a particular domain which can deliver the results you are looking for.
We all keep bumping into them, don’t we? What’s worse is that we can’t always (or rarely, if ever) speak our mind about them. And yet here we are, stuck with a client that simply doesn’t get it.
Every successful business is built on the effort of quality employees within the organization. If your business has effectively recruited an all-star team, how do you continue to keep them motivated to perform? Many employees find that after working with the same employer and in the same capacity for years, that their morale can decline.
Owning and starting your own company is a difficult task, but it is possible as long as you have an idea that can be sold. Unfortunately, however, in order to succeed you need to maintain an almost faultless start.
As business people we are all working to increase our share of the market. But, having the best products at the best prices may not be enough. To build a successful business you have to build relationships – relationships with your peers and colleagues, with your customers and clients, with your suppliers and distributors, with your employees and co-workers, with your support services, with your board of directors, and even with your competitors.
Businesses review their financial results every month. They look at the revenue, expense and net income. They compare the results for the month with the budget figures. They look up the assumptions made in the budget, investigate the activities that took place for the past month, and derive an explanation for the variance.
The world is filled with all kinds of individuals with varying skill sets, experiences, educational backgrounds, and cultures. Each Individual brings in a unique approach to work.
What’s going to happen when you or your business partner becomes incapacitated or dies? It might not be as simple as buying out your former business partner’s widow.
Now you wouldn’t leave the front door of your business premises unlocked when no one is there would you? Its kinda natural that you lock the door and turn on the alarm when you leave the office right?
As a matter of convenience or necessity, using a debt calculator is a fantastic way to save time and a result in which you can be confident. Let’s be frank—not all of us are math wizards. Having a reliable calculator to turn to is a blessing on so many levels. Having combed the Internet, here are eight of the most useful:
Regardless of firewalls, anti-virus and spam-filtering software protecting your business assets they can all be compromised by staff not trained in basic security practices.
Effective leaders are seen to establish strategic direction by developing a vision of the future; aligning people within the business by communicating the vision and inspiring them to overcome hurdles to improve overall organisation performance. It sounds good in theory, but can you ‘teach’ someone how to be an effective leader?
I was inspired to write this eBook after reading about a small business owner’s desperate attempts to get his website back. It had been highjacked by a disgruntled contractor.
Effective performance management is essential to ensure that a business is operating efficiently and is on track in achieving strategic goals. Performance appraisals are a review of an employee’s performance against pre-determined objectives. They identify the strengths and weaknesses of an employee and address how to improve or develop these areas.
In a perfect world you wouldn’t start a job unless your customers paid the entire price up front. Unfortunately things don’t usually work that way. It’s not impossible to get such favourable terms, but this all depends on your bargaining power (eg. if there’s little or no competition and your product/service is in high demand). Most small businesses do not have that kind of power.
The perils of micromanaging can not only impede on workplace productivity, they can slowly destroy employee morale and company drive. You respect your job and you do it well – that’s how you worked your way up to where you are in your career.
Process defines the approach to work execution in a business. A streamlined process provides speed, quality, and solid results. A convoluted process chews up resources and produces poor performance. In order to expedite results, processes need to be well defined. There are six components to a process. They are what, why, how, where, who, and sequence.
There can be a number of reasons a business considers making an employee’s position redundant. This could include a downturn in business or the end of a major customer contract which means there is just not enough work available for the number of employees.