Make the Best Use Of Top Performers
What to do instead: If it’s necessary to occasionally overload them, explain the reason and acknowledge their effort by giving them a bonus, raise or some special reward, and be sure they are praised for their efforts immediately—not at their yearend review.
Even better: Arrange to have top performers train others so they can share the workload.
How to Make Meetings More Productive
Without such a close, you run the risk that each attendee might leave with a different view of the meeting’s results or their obligations.
So restate conclusions reached, actions taken, deadlines imposed and the results expected.
Insurance for Those Who Work at Home
Advice for Today’s Wanna-Be Entrepreneurs
Don’t be deterred by the current economic climate. Money may be difficult to come by, but other valuable resources are very much available: seasoned executives who are between jobs, for example.
Get to know your customers and their “pain,” and be absolutely clear about how your product can uniquely mitigate that pain.
The mantra in the current business environment is customer, customer, customer. Find customers for whom your product or service is a must have, and they will buy from you again.
If you can avoid raising venture capital, do so. But if you can’t get money any other way, raise more than you think you need. Either way, once your business is under way, focus on sales and conserve cash.
Know your competition and find examples of companies that have succeeded in doing something similar to what you propose. Do this before writing a plan or trying to raise money.
Focus on how you’ll respond to competition. Too often, inexperienced entrepreneurs are so enamored with their product or service that they fail to prepare for challengers. Careful planning contributes to the likelihood of a new company’s survival.
Surround yourself with good people and let them do their jobs. Don’t get caught up in control issues.
Write Better Job Descriptions
For example, it’s OK to state in the job description that the employee must be able to work well with coworkers. In that way you’re clearly telling the candidate the job can’t be done just his or her way; he or she must always consider the feelings of colleagues as well.