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The Business Owner

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Retirement savings plans: better than ever for your employees and your business.(RETIREMENT)
There are three ironclad reasons to establish a retirement plan for your business: 1. Attract, reward and retain quality employees. 2. Reduce taxes. 3. Maximize benefits that accrue to you, . . .

Running a meeting is serious business: 7 keys to doing it right!(MANAGEMENT)
1. Assume that everybody you want to be there is busy, overworked, underpaid and not particularly interested in attending. So make your purpose clear to them, including why they are invited and why . . .

Humor breeds camaraderie, fosters teamwork and productivity.(MANAGEMENT)
Camaraderie is "a spirit of good fellowship." In the workplace, camaraderie improves morale, reduces turnover and improves performance. Here, a former schoolteacher describes camaraderie as . . .

Criteria for evaluating and hiring employees.(EMPLOYMENT)
Picking people is a darn tough task. Experts in the area explain that "hiring right" requires a very rigorous process. First, you must be very clear about the type of person who is needed for . . .

Ask the expert: attracting and retaining talent.(EMPLOYMENT)
Question: What do employees want? Answer: There are three basic goals of people at work. First, to be treated fairly. We call that equity. Employees want to know they are getting fair pay, . . .

Ask the expert: respect in the workplace.(EMPLOYMENT)
In our work with organizations on leadership development, we frequently conduct surveys to determine what is needed to improve the health and success of the organization. Invariably, righting a . . .

Employees are different today. Embrace it.(EMPLOYMENT)
Employees today are different than they used to be. People are different. It used to be that employees remained with a single employer for years and years. Even a lifetime. Heck, employers used to . . .

How to determine the "going rate" for a job.(EMPLOYMENT)(Brief article)
You need to hire a marketing person. You want to get a good one. You know that paying a competitive salary is important. But you don't want to waste money by paying too much. So how do you figure . . .

How to make your employees feel secure.(EMPLOYMENT)
Studies show that employees want and need job security. Studies also show that employees are more productive and loyal when they don't have to worry about layoffs. But experts in . . .

The astronomical cost of mis-hires.(EMPLOYMENT)(TopGrading)(Brief article)
Bradford D. Smart, author of TopGrading and a world-class leader in the field of personnel management, studied mis-hire data supplied by 54 companies. He concluded that the cost of mis-hires is . . .

Improve the quantity and quality of employment candidates.(EMPLOYMENT)
How can you hire only "A" players when you have a hard time finding even "B" players? Ask most business owners and they will tell you how hard it is to find good talent. Just finding people who . . .

Make a commitment to hiring and retaining "A" players.(EMPLOYMENT)
Jack Welch is generally regarded as one of the greatest, if not the greatest, company-builders of our generation. At the helm of General Electric, he delivered double-digit growth and profits for . . .

Winning companies have a culture of openness, contribution and measurement.(MANAGEMENT)
Great companies succeed--and accomplish significant things--in the same manner that great people do, through focus, discipline and winning habits. It's a matter of knowing what you want to . . .

Great people want to work for great companies.(MANAGEMENT)
Great people want to work for great companies. A great company is a place where talented and driven people can learn, grow, achieve and contribute meaningfully to a winning team. Great companies . . .

What employees want.(EMPLOYMENT)(Column)
Great people can work anywhere they choose. So if you want to fill your company with great people, you have to be pretty special. You have to offer compelling reasons to choose your company over . . .

From the editor.
Your quest is no different from mine--to build a successful business. My particular business happens to be providing expertise to owners of private companies. I do this in two ways--general . . .

Purchase contracts: big money or big mistake?(influence and management of purchasing contract)(Brief article)
You've been approached by a vendor to sign an exclusive, longterm purchase contract. Upon execution, they'll cut you a big check. Cash money. Before you sign, remember what mama always told you, . . .

Scam alert: GW equity?(services and influence of business brokers on selling of business by business owners)
In the January-February 2003 issue of The Business Owner Journal, we warned about business brokers: "Beware of persons or companies that represent they can sell your business for a very high . . .

Marketing against big dogs on a poodle budget.(influence of marketing and customer relations on small business)
"How do I gain an advantage in my market when it seems like all of my competitors can outspend me by at least double or more?" I hear this from our customers all the time and it's . . .

Score your company.(STRATEGY)(Brief article)
Ever wonder what a savvy investor might see if he or she looked at your business? Below is a list of criteria that investors would review. Take time to score your company not yourself). Use 1 for . . .

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