by jmatest | Aug 21, 2020 | Business, Cash Flow, Managing, Mistakes, Profit
Providing credit is a service for financial institution. If you offer payment terms to your customers, how do know that they have the ability to repay you with in your terms. Without a credit policy and a mechanism to verify credit worthiness, you may be risking your...
by jmatest | Aug 21, 2020 | Business, Employees, Managing
Owning a business is hard. There are new challenges every day. It can wear on your entire organization if all that is discussed is the negative. Take opportunities to recognize success. Meeting a monthly sales or production goal is a good reason to celebrate. It can...
by jmatest | Aug 21, 2020 | Business, Managing, Planning
Without a game plan for your business, how do you know if you are successful or not. A simple business plan can give the owner a road map that all vested parties know where the business is going and their role is in achieving the plan....
by jmatest | Aug 21, 2020 | Employees, Managing
Always assume that the employee did not know what was expected when they make a mistake. As their boss, you need to take responsibility for the root reason the mistake was made. Was the employee properly trained, was there responsibility discussed, were decision...
by jmatest | Jul 9, 2020 | Employees, Managing
Your employees crave recognition for good performance. Take the opportunity to do so at regularly scheduled meetings. Use this as an opportunity to reinforce company values and behaviors. Conversely, constructive criticism should always be done in private. Make sure...
by jmatest | Jul 9, 2020 | Employees, Managing
Anytime you see performance or behavior that is below your expectation as a manger, you must address it. It must be timely and it has to be specific. It must be addressed with the person who needs to change, not the entire...
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