Business Success Newsletter |
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Dear
Linnea,
Welcome to this edition of Business
Success, dedicated to helping business
owners build a better business...today!
This month we help you get refocused on
building a real spirit of team within your
employees. Too many times business owners
use the word "team" loosely, or maybe
optimistically, when they don't really run
their company in a way that fosters real
team building. We also bring you more
valuable information from guest writers Teri
Milligan on QuickBooks Tips and Chris
Olmsted on Employment Law to help you
incorporate best practices into your
business operations. We bring back our
Tech Corner feature this month as well.
Thanks to guest writer Justin
French for his timely article on a more
energy efficient office.
Don't miss our schedule of Teleclasses and
Webinars. Our monthly Businesses Getting
Results series is open to the public as well
as Advisors On Target clients.
A reminder about our new On Target Online
Program! Click on the Calendar Page on our
website to see how you can receive a year's
worth of Teleclasses and access to online
tools for one low price! Current On Target
clients receive these benefits
automatically. However if you are not
already an On Target client, the On Target
Online program is a great way to get started
on building a better business.
Wishing you a renewed sense of purpose as we
head into the fall,
Linnea Blair |
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Upcoming Events:
Working ON Rather Than IN Your Business
Thursday, September 13, 2007 @ 1:00 PM EST
(12:00
PM Central, 11:00 AM Mountain, 10:00 AM
Pacific)
Most businesses fail or never reach their
full potential because their owners spend
too much time doing the work that the
business does, rather than managing and
growing it. Are you working IN your
business, in the midst of it all and trying
to handle it all and be all things to
everybody?
This
Teleclass will help you to see your business
as a series of processes so that you can
create a "the way we do it here" manual.
This means developing systems, processes,
documentation and team member training to
ensure your business runs smoothly,
consistently, and most importantly, without
you.
For more info. or to register for Tele-classes, click here |
Quotable Quotations
"There is only one boss. The customer. And
he can fire everybody in the company, from
the chairman on down, simply by spending his
money somewhere else"
-
Sam Walton |
Turn a Group into a Team
A team
is a group, but a group in not always a
team. The difference: if a collection of
people shares a common office address, then
it's a group. If it shares a common mission
and works together to achieve it, then it's
a team!
Smart business owners know that running a
business is not a one-man show and that in
the workplace having a team is a lot more
pleasant, efficient and ultimately
profitable than having a group. But good
teams don't just happen. They are the result
of an intentional effort on the part of the
owner to create a work environment in which
every person knows how they are contributing
to making the business successful and are
made to feel appreciated for their
contribution.
The most common comparison when talking
teams is to think about how a successful
sporting team operates. Here are some
lessons from sports coaching to help
jumpstart the team-building process in your
small business.
Set the vision
Sports team members share a very clearly
defined goal, or vision and know that the
only way they'll achieve it is to cooperate.
In business this means sharing your vision
and your goals with the employees, your
team. Did you choose a primary objective for
your business to achieve this year? Did you
share it with your employees so they all
know where you want to go and can get behind
it? Did you involve them in working out the
strategies to achieve it? Let's say your
primary objective this year is to stimulate
retail sales for a new product line, and you
want it to be 20% of overall sales. If that
information isn't shared with the people who
do your marketing and selling then they'll
just go on pushing the same products they
always have. To win the game everyone has to
be working to the same game plan.
Establish clearly defined roles
In team games every player knows what the
role of their position is and the extent of
their freedom to operate in contributing to
a successful play. And they know what the
other team members do so they don't
interfere with their game. As the business
owner, it's your job to make sure that every
employee clearly understands the role they
play in the business. That means developing
a clear organization structure (who is
responsible for what) and ensuring that
every employee has an accurate job
description. Tools such as an organization
chart and team meetings provide a way for
employees to see how they fit into the big
picture and to sort out any time wasting
overlaps or conflicts.
Make communication work to improve team
spirit
Communication is the building block of an
effective business team. Not just open
communication, but honest and respectful
communication to build regard for each
other. There should be no tolerance of
abusive, derogatory or sexist language in
the workplace. Those just turn people off
from thinking of themselves as part of the
team.
Resolve conflict quickly and fairly
Inevitably, there will be occasion for
conflict among team members. Ignoring a
conflict can leave space for it to grow
until it becomes a major problem. So instead
of ignoring them, develop your conflict
resolution skills and create a mechanism for
them to safely bring those conflict
situations they can't resolve themselves to
your attention. If you don't feel up to the
task of counseling your employees on how to
resolve their conflicts yourself then
consider bringing in a professional or do
some training to improve your skills and
level of comfort with the process.
Celebrate achievements as a team
Since every employee plays an important part
in the success or failure of your business
it only makes sense to celebrate your
achievements as a team. Match the size of
the celebration to the size of the
accomplishment. Be careful to be inclusive -
most wins are the joint effort of many
people including those not directly involved
in the final sale or whatever the
achievement was.
Turning the group into a team
A lot can be done towards building a team
through the application of experience and
common sense but it can be helped along the
way by the use of a business coach with
particular skills in the area. It can be
very useful to employ an advisor -
particularly in the initial stages - to run
a review and establish just what needs to be
done.
Behave like a captain
What you need always to remember as a
business owner/captain of the team is that
your team will look to you for guidance on
how to behave. Your behavior will be a model
for theirs and if you are positive, upbeat
and respectful of them, then team members
will tend to act the same to you and each
other. Demonstrate a negative or critical
attitude and the team will fall apart into a
group. Strong tone at the top is essential
to hold a team together.
Information for this article is sourced from
RAN ONE. |
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What's Next?
After Labor Day is a great time to pause and
consider where your business is in terms of
achieving your goals for the year.
The
last quarter is upon us and along with the "back
to school"
mentality comes an opportunity to really get
some
initiatives jump started or some back burner
projects revived.
Did
you plan to set up a system for an employee
performance review process? Do you have a
marketing campaign that needs to be deployed? A
website that needs revamping? What do you need
to have in place to have a successful fourth
quarter?
Need a Coach to help you get started?
Give
us a call at 858.320.8996 and let us help you
take the next step towards making your 2007 your
best year ever!
Advisors On Target has options that work for
you:
~
Business Coaching
~
Individual Consulting
~ On
Target Group Program
~
Business Performance Review
~ On
Target Online
NEW
Find out more....
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QuickBooks Tip -
How Often Should I Back-Up My Data?
By Teri Milligan, QuickBooks Consulting and
Implementation
One
of the questions I am constantly asked is "How often
should I back-up my data?" My answer is always
"What is your pain point?" How much data entry are
you willing to do, or pay to have done, in order to
get yourself back up and running if your system
crashes and you lose your QuickBooksTM
data?
If you are running a business that uses the
different modules of QuickBooksTM,
i.e. accounts receivable, accounts payable and
payroll, then you should be backing up your data
daily. If you simply enter after-the-fact data on a
cash basis then you could probably back up a little
less often.
Something else important is to run the "verify data"
utility on a regular basis. The verify data utility
verifies both the data in your database and the
accuracy of your company file. So it's looking
under the hood of the car, as well as making sure
the hood is intact and protective of its contents.
You can find the "verify data" utility under the
File Menu and then under Utilities. In addition,
the verify data utility runs when you back up your
company data file as a default in QuickBooksTM
2007. In prior versions, you have to choose to run
the utility as part of the backup process.
Running this utility can save you a great deal of
time and money should you lose data. If you have
not run the "verify data" utility and the data in
your working file, and subsequently a back up of
that data becomes corrupt, you may lose the ability
to recover your data. This would put you in a
position of paying a great deal to have a data
recovery service retrieve the data or require you to
input past data by hand.
So, take the time to run the utility on a regular
basis, outside of the backup process, to be sure
that all is well with your QuickBooksTM
files.
To learn how to use
QuickBooksTM more
efficiently in your business
you can contact Teri at 619-463-6851 or by
e-mail at
teri@terimilligan.com. |
New 'No-Match' Regulation Forces
Termination of Employees
By Christopher W.
Olmsted, Attorney
Immigration reform has been at the forefront of
public discourse for months. Legislative reforms
have imploded, with no solution in sight. However,
employers ought to be aware of a new federal agency
rule regarding social security numbers has quietly
come into play.
What happens when a new hire submits what appears to
be valid authorization to work in the U.S., but
unknown to the employer, the worker has presented a
stolen social security number? For many years, the
answer has been "practically nothing happens." The
Social Security Administration ("SSA") sent, in some
circumstances, "No-Match Letters" to employers who
employed individuals whose social security numbers
("SSN") did not match their personal information.
The SSA, however, provided unclear guidance for
responding to the letters, and employers had little
incentive to react.
The rules have now changed. Effective September 14,
2007, the Department of Homeland Security (DHS) has
issued a new rule describing the steps an employer
must take when it receives a "no-match" letter from
DHS or the Social Security Administration (SSA).
The new regulation clarifies that an employer may be
held liable for knowingly employing an undocumented
worker if the employer fails to take "reasonable
steps" to resolve a discrepancy within 90 days of
receiving a no-match letter. The rule also
describes the steps that the government will
consider to be reasonable:
1. Check for
errors.
Promptly, within 30 days after receiving a no-match
letter, the employer should check its records letter
to determine whether the discrepancy results from a
typographical, transcription, or similar clerical
error in the employer's records. If there is such
an error, the employer should correct its records,
inform the relevant agencies and verify that the
name and number, as corrected, match the agency
records. Employers may verify a SSN with SSA by
telephoning toll-free 1-800-772-6270, weekdays 7
a.m. to 7 p.m. EST. Employers should make a record
of the manner, date and time of any such
verification, as SSA may not provide any
documentation.
2. Inquire with the
employee.
Absent a clerical error, promptly request that the
employee confirm that the employer's records are
correct. If the records are correct according to
the employee, ask the employee to pursue the matter
personally with the relevant agency, such as by
visiting a local SSA office, bringing original
documents certified copies required by SSA. The matter
is not resolved until the employee produces a SSN
that the employer in turn verifies with the SSA.
3. Terminate unverified employees.
If the discrepancy referred to in the no-match
letter is not resolved within 90 days, and if the
employee's identity and work authorization cannot be
verified using a reasonable verification procedure,
then the employer should terminate the employee.
Continuing to employ a worker in the face of an
unresolved no-match letter may cause the DHS to find
that the employer had constructive knowledge that
the employee was an unauthorized alien and
therefore, by continuing to employ the alien,
violated federal immigration law. Penalties can be
substantial. An initial violation can result in a
fine of $2,200 per employee. Worse, company
representatives can face criminal prosecution.
Mr. Olmsted is an attorney with Barker Koumas &
Olmsted, LLC, in San Diego. For more information
about labor and employment law issues, you may reach
him at (619) 682-4040 or by email at
cwo@barkerkoumas.com
or you may visit
www.barkerkoumas.com.
The article presented herein is intended as a brief
overview of the law and is not intended to
substitute as legal advice. Any questions or
concerns regarding any statute or case law should be
addressed to a licensed attorney. |
Tech Corner -
Do You Have an Energy Efficient Office?
By Justin French, Perfect Integration
With energy concerns on the rise, it is now more
important than ever to reduce wasted energy. The
question is: how can you help? One simple
and effective way is to cut down the costs exerted
by computers at your home and office. Here are some
great tips that will save energy, save you money,
and give you peace of mind knowing you are helping
your environment.
Make sure your monitor automatically turns off after
20-30 minutes.
Having a screensaver does not reduce energy usage of
the monitor!
Consider upgrading from traditional CRT monitors to
an LCD.
An LCD monitor uses about one third the energy of a
CRT. They also take up much less room, giving your
home or office a cleaner, more professional look.
Enable automatic standyby or sleep mode for your
computer.
Power usage drops to single digits when your
computer is in this mode.
Turn off your computer!
At the end of the day, the best way to save energy
is by using none. Don't leave on your computer if it
doesn't have to be.
Use a laptop.
Laptops are designed specifically to use a very
small amount of energy. They use a fraction of what
a full size PC uses.
By making some small changes, you can make a huge
difference in the amount of energy used by your
computers.
For any questions about making your office more
energy efficient, feel free to call Perfect
Integration. Contact Justin French at 760-929-2319
or
justin@perfectintegration.com or visit
www.perfectintegration.com |
Linnea
Blair
Advisors On Target, LLC
(858) 320-8996
www.AdvisorsOnTarget.com
ljblair@advisorsontarget.com |
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