Suggest You - Business

So You Were Wrong
I once worked for a boss who was never wrong, never made a mistake or a bad decision. All you had to do was ask him. To his staff he was Teflon-man. Nothing stuck to him and everything came sliding toward us.Accountability was not a concept he practiced unless things turned out well and then, he claimed the credit. But if they didn't, he immediately embarked on endeavors to identify someone responsible. Being called to his office typically meant he was looking for information and trying to decide whom to blame.Justify. Justify. Justify. Like a battle cry, he commissioned reports, graphs, charts and enhanced documentation whenever his boss questioned

ge sharing of ideas and creative thinking Consistent and regular communication is an absolute must. People need to be kept informed of what is happening in your business and the latest developments. This requires constant and daily communication both formally and informally. Make sure that if you have an important communication to make, whenever possible, everyone is included together. There is nothing worse than finding out from a colleague what should have been explained to you by your boss.

Be as open as possible with information that is relevant, of course maintaining any confidentiality. Show genuine interest in all your people and encourage their interaction, feedback and ideas. Every business has within it virtually unlimited potential for growth. Often this is lying dormant or is locked within the minds of the staff. Don’t allow this to happen in your enterprise. Encourage ideas sharing and creative thinking. The solutions to your most demanding chall

With a Desire to Help Others, You Can Become a Trusted Resource
In order to network effectively and genuinely, you must continuously offer to help others. Once this happens, you will start to build trust and credibility within networking circles. While it may take time to get to this level, it’s well worth the effort.After you reach this level, people will start to perceive you as a trusted resource and reach out to you for help.Continuously Offer to Help OthersOffering to help others is one of the most important principles of networking. Before you ask for help, you should ask others about their needs and how you can help them. During your conversations with others, pay special attention to their

Having to recruit new staff is an often slow and arduous process. It can typically take around 20 weeks from beginning to end. Once you have gone through the hard work of recruitment and selection to find the appropriate people, you then want capable performance from them as quickly as possible. They also need to have high expectations of you; that you are going to treat them as individuals, with respect and equality.

Keep people focussed As part of their induction and on a regular basis you want to share your business vision with your people. You are the entrepreneur; you have the passion and the drive to make it happen. It will only happen, however, if you ensure that all your team members are focussed on common goals and are heading in same direction. Your strategic plans also need to be clear and communicated to everyone on a regular basis. People are easily distracted, negative influences take effect and people lose direction. Make sure you keep them on the right path with constant reinforcement of where the business is going and how they will benefit.

Be open with your people and the likelihood is that they will be open with you in return. This is a key part of building rapport and trust. Through mutual trust you can align your strategic direction with their personal plans for development. It is very important for each team member to be working together to achieve common goals that move the whole business forward in the direction you want. Shared VALUES are also essential for quality standards to be understood and met on an ongoing basis.

Demand PerformancePeople like to be directed and fully conversant with the extent of their role. Be precise about their responsibilities, quality standards and the need to maintain a “customer first” approach at all times. Give them autonomy so they feel empowered to take charge of their role and develop their abilities. Allow them to experiment in a supportive environment so that they can push the limits of their capabilities and allow their personal splendour and uniqueness to shine. This requires some risk on your part. People will make mistakes; blunders will happen and there will be a cost to your business. This is an inevitable part of growth. Growth only comes with experimentation and risk. Just make sure you limit the down side with robust processes in place. Most of all support your team with a LEARNING culture not a blaming or critical culture.

This doesn’t mean you exhibit weak leadership, quite the contrary. The best leaders support all their team members, nurture their development and encourage them along the way. So you can demand performance from them and expect them to demand performance of you.

Make sure your pay and reward systems match your expectations of achievement. Behaviour is always reflected in how it is rewarded. Have a performance related reward system that recognises peak performance and provides reward accordingly. Do not recognise mediocre or inconsistent performance. Keep your basic pay scales low and pay generous bonuses only on achievement of agreed and measurable attainment of objectives.

Develop your people Make sure you equip people to perform at their best. This requires ongoing training and development. Always include formal elements of training that are appropriate, properly organised, planned and conducted in a professional manner. This may require meeting early or staying late. It may also involve “off premises” training sessions and bringing in external expertise to conduct training. Be prepared to INVEST fully in your people.

Don’t be afraid to let go of your best people if it is time for them to move on. Nothing lasts forever and you will ultimately be rewarded for having their best interests at heart. Let them go and send them free of resentment or ill feeling.

Encourage sharing of ideas and creative thinking Consistent and regular communication is an absolute must. People need to be kept informed of what is happening in your business and the latest developments. This requires constant and daily communication both formally and informally. Make sure that if you have an important communication to make, whenever possible, everyone is included together. There is nothing worse than finding out from a colleague what should have been explained to you by your boss.

The Enlightened Leader
Are you a beacon of light or a blowtorch?I want you to imagine that I go to your office when you are not there. While I’m at your office, I decide to survey the team that reports to you.The subject of the survey? Well, it’s a survey about you as a leader. I want them to tell me about your leadership skills. If I ask your team to complete this sentence, “my manager is ________________________”, what would they say?Maybe they will say positive things: “ My manager is inspiring.” “ My manager is a great teacher.” “ My manager pushes me to be better at what I do.” “ My manager believes in me and trusts me to get the job done.”

you keep them on the right path with constant reinforcement of where the business is going and how they will benefit.

Accounts Receivable
A company offers products and/or services to its customers to generate sales. The transaction takes place when the customer buys the goods and/or services at the price and conditions agreeable to both parties. Generally the transaction is completed when the customer pays after taking delivery of goods and/or services.However in cases where there is a long-standing relationship between the company and a customer, the buyer may make payment at a future date. This also takes place when the two parties have a payment agreement.The invoice as presented to the buyer and that transaction, which is recorded, is referred to as accounts receivable. When the c

ment in a supportive environment so that they can push the limits of their capabilities and allow their personal splendour and uniqueness to shine. This requires some risk on your part. People will make mistakes; blunders will happen and there will be a cost to your business. This is an inevitable part of growth. Growth only comes with experimentation and risk. Just make sure you limit the down side with robust processes in place. Most of all support your team with a LEARNING culture not a blaming or critical culture.

The Adventures of Wolley Segap -Plumb Out
It was dark in the cellar, but I had no choice. That’s where the object of my extreme misery stood. It had been hours since I noticed that we had no hot water. So, here I was, standing on the cold, concrete floor staring at the large, white cylinder formerly filled with hot water. Something was obviously wrong, but what. I could hear the wind whistling outside on this cold, February night. But I had to go on, because we needed that hot water. I had exhausted all other possibilities. Just an hour ago, in desperation, I had picked up the Yellow Pages, searching and seeking out a plumber. But all the ads looked alike. They were a sea of black and yellow and

that recognises peak performance and provides reward accordingly. Do not recognise mediocre or inconsistent performance. Keep your basic pay scales low and pay generous bonuses only on achievement of agreed and measurable attainment of objectives.

How Do You Find Time When There’s Too Much To Do?
Are you frustrated because you’re juggling all the balls when there are not enough hours and there’s no energy left for you?Do you spend a lot of time networking, yet do not get quality referrals and sales?Would it interest you if you could spend less time and get greater results; how about if you could work smarter, not harder?Have you thought about how you could get more quality and consistent referrals? Or have more time just for you? How would you like to increase your sales and once again feel focused on your strengths and passion? What if you could see profits and revenue soaring at the same time? Sound interesting? What would that mean

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The historical cost principle stipulates that the price actually paid for assets and operating expenses must be brought into account in the accounting process. The price of an item is the amount asked or paid for it.

The most common business structures are proprietorships, partnerships, and corporations. A proprietorship is simply a one-owner business. It is the most prevalent form (on the order of 70% of all businesses) because it is the simplest and least expensive to start.

One of the competitive advantages quick-serves have long enjoyed is customer convenience due to the shorter cook times and the ability for the customer to pick up their food in a drive-thru or drive-in. That's no longer the case. I recently passed a full-service restaurant that had a drive-thru for call-ahead and pickup orders. While it might sound crazy, it's not that far-fetched. With so many full-service restaurants offering to-go and curbside pickup, drive-thrus are not far behind for them. Either way, the advantage you once had is shrinking.

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