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Member You - Key Staff can and will Leave your Business, are you Prepared?
Regardless of all the statements and talk about what is the oldest profession in the world, drafting is the only profession that historically can be documented.Drafting can be defined as a descriptive way to deliver an idea through the use of illustrations and drawings that show in detail the process of turning the idea in
There has to be a better way…
Fortunately quite a bit can be done to minimize the impact of situations like this in our businesses. And like
Is it possible for a mobile oil change business to do ten vehicles per day just starting out? Many people going into the Oil Change Business, as independent small businesses base their business plan and risk their capital on the assumption that they can do ten vehicles a day at a pure profit of $15.00 to $18.00 per service or veh
It is quite a gut wrenching experience to see someone you have worked with over a period of time leaving your business. Even if the parting of ways is on good terms with a period of handover, you just know that there is so much information walking out the door with your former employee and there is nothing you can do about it.
And this is only just the beginning…
While labouring through a period of being understaffed and overworked you are then faced with the task of recruiting a new employee to fill the vacant position. This is followed by the inevitable probation and training period where, hopefully the new recruit comes up to speed and is able to pick up where the former employee left off.
The problem is: What exactly was it that the former employee really did? They always seemed to be busy and on the rare occasion that they were absent due to illness, there were those problems that arose that were only truly resolved when they returned and took control and ‘cleaned things up’.
There has to be a better way…
Fortunately quite a bit can be done to minimize the impact of situations like this in our businesses. And like m
Liquidity in business refers to availability of cash in times of uncertainty or in times of unwanted cash outlay. It is the capacity of any business to be prepared for any cash disbursements without any burden on where to get some money. This aspect is very important in any kind of business.In managing your own homebusines
And this is only just the beginning…
While labouring through a period of being understaffed and overworked you are then faced with the task of recruiting a new employee to fill the vacant position. This is followed by the inevitable probation and training period where, hopefully the new recruit comes up to speed and is able to pick up where the former employee left off.
The problem is: What exactly was it that the former employee really did? They always seemed to be busy and on the rare occasion that they were absent due to illness, there were those problems that arose that were only truly resolved when they returned and took control and ‘cleaned things up’.
There has to be a better way…
Fortunately quite a bit can be done to minimize the impact of situations like this in our businesses. And like
S Corporation is an elective provision that permits small business corporations and their shareholders to elect special income tax treatment. To become S Corporation or Small Business Corporation, the IRS has several special requirements.The corporation must timely file IRS Form 2553 with the IRS. This election must be mad
While labouring through a period of being understaffed and overworked you are then faced with the task of recruiting a new employee to fill the vacant position. This is followed by the inevitable probation and training period where, hopefully the new recruit comes up to speed and is able to pick up where the former employee left off.
The problem is: What exactly was it that the former employee really did? They always seemed to be busy and on the rare occasion that they were absent due to illness, there were those problems that arose that were only truly resolved when they returned and took control and ‘cleaned things up’.
There has to be a better way…
Fortunately quite a bit can be done to minimize the impact of situations like this in our businesses. And like
If you're really into medical billing you know the importance of doing a HCPCS update. You also know the headaches that doing these can give you. In this particular installment, we're going to look at some basic things about HCPCS, including, for the uninformed out there, what they are, how the updates are done and what problem
The problem is: What exactly was it that the former employee really did? They always seemed to be busy and on the rare occasion that they were absent due to illness, there were those problems that arose that were only truly resolved when they returned and took control and ‘cleaned things up’.
There has to be a better way…
Fortunately quite a bit can be done to minimize the impact of situations like this in our businesses. And like
Motor vehicle crashes cost US employers over $60 billion annually in medical costs, legal expenditure, property damage, and lost productivity. While costs by state and Industry vary, on-the-job crash injuries (fatal and non-fatal) amount to about 6.5 percent of all crash injuries. As a result, the cost of workers’ compensation, S
There has to be a better way…
Fortunately quite a bit can be done to minimize the impact of situations like this in our businesses. And like most truly worthwhile solutions the steps required to complete this part of your businesses development do take some effort on your part.
There is an established path that you can follow to get your business in order and the benefits to you and your people are much farther reaching than just minimizing the impact of key staff leaving you.
The following is by no means a definitive list of what is required. But it does give you some idea of the steps required.
- Create a flexible forward thinking Organization Chart defining the positions you require in your business.
- Determine what the responsibilities are for the positions in your business.
- Document key information that is critical to your business and make it available to your employees.
- Work with your people to define what it is they do, how they do it and most importantly how it could be done better. Record, optimize then implement the business systems you have identified.
- Assign the business systems to the relevant positions and monitor their use.
By consistently fo
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