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Articles in the Management Category

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[27 Jul 2009 | No Comment | ]
Don’t Wait To Benefit From Your Succession Plan

So you finally got over the emotional hurdles and are now really ready to do a succession plan. Almost by definition this is a once-in-a-lifetime event and, as such, you have no experience doing one. There are a few things to keep in mind as you’re creating your succession plan that will help ensure that it is effective and productive.
First, a succession plan is a natural extension of good business principles. If you look past the family and emotional issues, this is exactly what you would do …

Management »

[14 Apr 2009 | No Comment | ]
How To Take Advantage Of The Current Market Realities

Without question these are tough economic times for lots of business owners. We’re now in an environment that no one has seen before and no one knows quite how to manage.
Even more than usual, growth comes from constant adaptation. Now is the time to take advantage of the huge opportunity that exists while the market and competition are in a state of flux.
You need a short term approach that doesn’t distract you from your long term strategy and goals and still has an immediate …

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[8 Apr 2009 | No Comment | ]
Are You Important Or Valuable?

As strange as it sounds, the more important you are to the daily running of your business the less it‘s worth. When you started your business you had to do everything, that’s the way of a startup. Now that you’ve grown quite a bit your activities may actually be diminishing the potential of your company. As the founder and CEO, the buck stops with you and in some respects you are the keystone of the organization. Remember though, when you remove the keystone from an arch, the whole thing collapses. …

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[28 Nov 2008 | No Comment | ]
HR’s Impact On The Bottom Line

The Human Resources department is not a direct revenue producer, does not represent a particular business unit, nor is it a highly specialized staff function. It is mostly viewed as a ‘necessary evil’ resulting from a need to comply with ever increasing regulations, plus keep track of such details as attendance, benefits, and payroll. Because of this, HR is rarely seen as having an impact on the bottom line except maybe as a cost center.
If you buy into the ‘our people are our biggest asset’ philosophy – hard …

Management »

[31 Oct 2008 | No Comment | ]

“Hire slow; fire fast…one bad apple…when you discover cancer…” You’ve heard all the sound bites for dealing with poor performers. Now it’s time to lead by example and take action. Here’s a quick road map for managing the process.
First, make certain of your facts before addressing the employee. Provide specific examples where your expectations were unmet. Listen to the explanations that are sure to come but remain firm as to the requirements of the job.
Second, ensure that the employee was properly trained to accomplish the job objectives. If not, you’ll …