How to Prevent Employee Theft
There are many threats to the success of a business. There’s competition – this including both the products or services and the companies they represent. Then there’s the danger involved in mishandling the business, when you don’t know what to do anymore or when you think you know what you’re doing.
One thing I consider as a very serious kind of threat, especially to small businesses,
Firing an Employee: How to do It Gently
There are times when, despite all the training and coaching an employee has been given, he still couldn’t improve his performance at work. As a business leader, you would need to do the next step – fire the employee. Termination is not only dreadful to the workers. Many times, it is also something that bosses avoid. Most managers would agree that they don’t want to be called “the bad guyR
Facing your Investors
For entrepreneurs, one of the hardest thing to do in business is to face the dreaded board of investors.
Even if what you have is a small venture, and your investors are just family members or close friends, the act of entrusting their money with you is one thing you can never take lightly. Perhaps it becomes even more of a pressure, as you know that the source of your capital comes from a loved one, and not from s
Knowing the Right Time to Retire
Many people wish they could retire when they become sick of their jobs. Unfortunately, many do not have the luxury of leaving a paying profession simply because job satisfaction is an issue. So when is the right time to retire? When you’ve got enough money? When you get too old or too infirm? When people don’t need your skills?
The modern workforce puts a lot of emphasis on keeping busy, and more than a
Some Guidelines on Setting a Just Salary Rate
If there’s a reasonable price for goods then there’s also a reasonable salary for employees. A reasonable price for an item is something that’s just right for its quality. It doesn’t have to be the lowest price, but it should be just for the value of the product. When it comes to salary, the same rule applies. Not all engineers or doctors should have the same salary. There are those who dese
The Kinds of Employees that Annoy You
Your workers are your business’ treasures. They are the ones who work the whole day and sometimes even during the night just to finish a presentation for tomorrow’s meeting. These are the people who make it possible for the company to hit its targets. These are the same ones that you rely on when there’s a mission impossible that needs to be accomplished.
How nice it would be if all your workers w
In Making Decisions: When You Should And Should Not Consult Your Employees
In making a decision, especially a big one, most businessmen also take into consideration the opinion of their employees. They consult them in order to know whether going in a certain direction would be bad for them or not. During the process, they make the necessary adjustments in order to arrive at a win-win situation for everybody. Doing consultations ensures a harmonious relationship between the management and
Should You Hire Remote Workers?
The advancement of technology and modes of communication in the 21st century has given rise to the ‘virtual worker’, and many businesses have embraced the idea of employees that are not necessarily tied down to the physical office. For upcoming businesses especially, the flexibility and the touted cheaper costs of the remote worker model are attractive. But is hiring remote workers really right for your
Executive Decisions Key to Success
An executive is the leader of a company. When an executive make a decision he must realize that those decisions will effect the livelihood of everyone operating under him and everyone under him must live with the consequences of his decisions. With this weight on his shoulders, an executive can easily get swayed into making the popular decisions or the easy decisions However, it is the difficult and the unpopular d
Considering Partnerships
The typical small business is one that is started and operated by only one person. This is the man with the ideas and the plan, but also is the only one providing capital and resources. Since the world is currently experiencing a rather painful economic downturn, this might not be such a good idea. The fact is, single-ownership might give a potential businessman much more freedom to operate, but it isn’t always t