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Hiring, firing, and managing people is one of the most difficult challenges for small business owners. Watch Firing Employees from our HR Heaven or Hell Series.
question was posed to me by a contractor who was trying to sift through the
huge number of confusing KPI’s that are floating out there. Like all of us, he didn’t have a lot of time
and wanted to focus on the few numbers that will give him the most information
about how is business is doing.First,
Managers got their first budget ever this year. They were a part of the creation of the
budget and approved it. They just got
their first results – January 2018. Yes, this is later than I like to see it –
however, the company is working towards getting their financial statements by
the 15th of the following mon...
This question was posed to me by a reader. And, many of you may have the same
question. You look at the bottom line of
your profit and loss statement every month and see that your company has a
profit. You see profits month after
month yet you run up against a cash crunch - payroll, or in this time of year,
You’ve been unlucky
enough to find that an employee has been stealing from you. Do you prosecute that person?If you face this
situation, you must ask yourself, first is this a civil or criminal
charge? An example of a civil charge is
when you give your bookkeeper check signing authority and she steals. A crimin...
Last week I covered
two of the four top ways people steal from you. This week I cover two more
ways. 3. Use Signature
operated a business. One was focused on
sales, one on operations, and one did the books. It was the perfect start up because each
manger was focused on a critical area of busine...
The statistics are
chilling. In a blind survey, Kessler International research has shown that 95%
of employees admit stealing from their employers. Hiscox, an international
insurance company, reported that in 2016 US Businesses loss an average of $1.13
million in 2016 to their own employees.
Small businesses were hit ...