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Business Success Newsletter

September 2007

   
   

oldtownDear 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

 

In This Issue

Upcoming Events

Turn a Group into a Team

QuickBooks Tip

No-Match Regulations Force Employee Termination

Tech Corner - Energy Efficient Office

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

develop teamA 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.

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....

 

QuickBooks Tip - 

How Often Should I Back-Up My Data? 

By Teri Milligan, QuickBooks Consulting and Implementation

 

Terri MilliganOne 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

LawBy 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

 

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 Linnea Blair
Advisors On Target, LLC
(858) 320-8996

www.AdvisorsOnTarget.com

ljblair@advisorsontarget.com