Understanding Bonuses

Let’s take a moment to discuss employee bonuses. To help, we must define the differences in base pay and bonuses. In talking with several companies lately, there seems to be a disconnect between how business owners and their employees view bonus programs. This disconnect appears to be causing unnecessary stress, so I’m hopeful a few…

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Nope

Dave Pomeroy’s Rule of Percentages

Of the many mentors I’ve had along my way, Dave Pomeroy was one of the most insightful and entertaining people I’ve ever met. It was he that helped me accept that I would never satisfy every customer, nor should I try. I get how that might seem strange, but stay with me here, this is about…

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Alternative Plan

Switching to Plan B doesn’t have to be complicated

I opened my business not too long before the events of September 11th, 2001. It took years for everyone to get back to normal, but we did. Then the economic collapse of 2008…

The point is that while this pandemic crisis is different, so was 9/11 and 2008. Both were life changing, cataclysmic events that altered the way America operated….

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Business Plan

Plan the Dive. Dive the Plan.

Over and over again I meet with business owners who feel lost in their businesses. They feel overwhelmed with issues that take up valuable time and energy, but do little to help the bottom line. They are left with little to no time to address the things that do. Time and again I find that…

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Your Employees Are Your Customers

Your employees ARE your company. If you struggle with finding good employees, and who doesn’t, what are you doing to keep your existing employees engaged and motivated to stay? The more you invest in employees who stay, the less you have to invest in constantly recruiting and training others.

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Vision is everything

If your employees always seem to be on a different page than you, it might be because you’ve never communicated your 1, 3 or even 5 year goals with them. Consider the idea of leaving on a trip. You’ve packed for the trip, and your friends have all committed to meet you there. The problem is, you haven’t shared with them the final destination.

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Is your business headed for probate?

Succession planning isn’t something to do when you get old. It’s something that needs to be addressed at the beginning of your business, and for several reasons. Business owners today are so concerned with what’s happening tomorrow and next week, that they simply forget to consider the inevitable, the last day of business. Ever. The cold hard truth is that day is coming, and you should have a plan in place.

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Stop Hiring and Start Recruiting

When you hire someone at, let’s say, $15 per hour, have you calculated the HR cost of your hiring processes, professional training, lost revenue and profits from mistakes in the field, the embarrassment of those mistakes, the cost of people laying out sick regularly, coming in to work late every Monday’s because of “car trouble”, the potential risks from

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