Human Resources

Hiring versus Training

Should you hire new employees or train existing employees? This is really a trick question. Why? Well, there is no actual right or wrong answer as the hiring versus training decision depends largely on the actual situation. Read the rest of this entry »

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Business Principles

In the prior posting Big Communication Problem we looked briefly at one of the primary reasons that communications often fail and breakdown into more of a time of argument and insult. Specifically the issue was in talking too much and not being willing to listen to the other person express their ideas without interrupting them. In addition to the natural tendency to think our ideas are better, I think one of the reasons this occurs is that we often lack well-established Read the rest of this entry »

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Employee Ideas Revisited

Have you ever worked at a place where all decisions were top down ones and employee ideas were ignored? On the other hand, perhaps you are managing a company that operates this way. Companies that do this put themselves at a distinct disadvantage.

Nobody Knows it All

By cutting off employee input management is limiting the knowledge they have to make decisions. They are effectively shutting down Read the rest of this entry »

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Dangers of Keeping Employees Uninformed

Do the employees in your company know the things they need to know? Not the things required for performing their job, mind you, but the things that help them understand where the company is headed and how their roles fit into the overall plan. One of the dangers of keeping employees uninformed is that they will Read the rest of this entry »

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Let Your Employees Work

Have you ever been trying to accomplish a task that required extreme focus, only to be interrupted repeatedly? Recently while reading the book The One Thing by Gary Keller with Jay Papasan I was reminded of how frustrating this can be.

Are You Guilty?

I ask the question above not to make anyone feel guilty, but rather to get each of us to evaluate our actions and the impact they may have on others’ effectiveness. Even though this can apply to anyone, it is primarily directed at those of us who are in a position where we manage others. So what do I mean by Read the rest of this entry »

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Making a Positive Impact

Have you ever thought about the people who have impacted you positively and how you impact others? Have you ever noticed that some people have a knack for making a positive impact on others?

A Look Back

Take a moment to look back over your life and see if you can identify those people who have had the greatest impact on your life. It could be Read the rest of this entry »

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Does a Part-time CFO Makes Sense?

First let me make a disclaimer, I am a Part-time CFO so I have a business interest in this idea. Regardless, that really has nothing to do with whether it might be right for your business.

Some Initial Acknowledgements

As a Part-time CFO I’ll be the first to acknowledge that employees are necessary for most businesses. In fact, in my role as a Part-time CFO or Controller I rely heavily on a company’s employees, while at the same time helping them to become more effective and efficient. With that said, let’s take a look at why you may be better off with a Part-time CFO.

Mindset

You may be thinking I’m referring to the mindset of the Read the rest of this entry »

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Mutual Failure or Mutual Success?

If you have worked long you have likely seen a case where two individuals or departments within the same company appeared out to destroy one another. It is actually an easy trap to get caught in. Back during the Cold War between the U.S. and its allies with the USSR there was a phrase “Mutually Assured Destruction” (MAD for short). Essentially the idea served as a deterrent to both sides from launching a nuclear attack on the other as it was believed that in the end they both would be destroyed. Sometimes in business this MAD idea seems to be in play, except that it Read the rest of this entry »

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Responding to Unmet Expectations

One of my favorite books of all time is Telling Yourself the Truth by William Backus and Marie Chapian. Essentially the book addresses how we so often tell ourselves things that upon closer examination simply are not true. One particular thing discussed is telling our self lies when someone fails to meet our expectations. Unfortunately this is an easy trap to fall into because we are so often unaware of our self-talk. This leads to something in business that we often do not comprehend. Below is a rather extreme example. Read the rest of this entry »

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Uninterrupted Time Off

Ever been on vacation or a holiday and seen others tied up on their laptop, tablet, or smartphone taking care of business? That is certainly not uninterrupted time off. Perhaps you have experienced the same thing. My question is, does that count as time to rest and recuperate?

Nobody is That Crucial to a Business

While individuals are not replaceable to family and friends, that is not true for work. Think about it. We have all known someone who died. For their family the loss left a void that can never be filled. The same is true when someone leaves the family. The best they can do is to mourn their loss and then eventually move forward.

However, when it comes to business, what happens when someone dies or quits? There may be other employees who feel a sense of loss, but usually not like that of losing a family member. In the case of an employee who quits, there may also be a sense of Read the rest of this entry »

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