Should you be in a Business Partnership? We’ve all heard about the misfortunes that have befallen business partnerships – partnerships going to the wall, one partner suing another, partners leaving on mass. And yet a partnership is still the preferred business structure for small business start-ups in Australia. Partnerships have a myriad of uses.…
6. Making the offer Once you’ve gathered enough information and made your decision, there’s just one more step: making the offer. You need handle this final phase of the hiring process as carefully as the previous steps otherwise, you might lose the candidate or start the relationship on a shaky foundation. Here are 5…
5. Reference checking and making your decision The obvious advantage of talking to someone who has worked with a your No 1 pick is that he or she can provide third-party information. Unfortunately, it’s not easy today to get references to open up. Job applicants have sued former employers for giving references they viewed as defamatory. Likewise, some…
4. Managing the interview Hiring a new employee takes a significant commitment of time and energy because you want to make sure the new addition is going to integrate smoothly with your team. On paper, a particular applicant may seem like an almost ideal match. But unless you’re disciplined and vigilant, you may be impressed by the wrong person…
2. Finding the right people…continued So your job adverts and social networking efforts are going ok and your candidate list is building and that’s great. But what if that approach doesn’t work and you need to enlist the expertise of a Recruitment Agency. Recruitment agencies vary enormously with some being professional outfits that add…
I’ve heard this so many times… No matter what your company’s product or service, your employees are your primary key to success. So why is the hiring of employees the last frontier for many business owners? Why do they avoid developing this critically important skill? In the end I think that the Team building process…
You need a Succession Plan There comes a time in every business owner’s life when they must decide how to transition out of their business. Succession planning isn’t just a matter for the over-55s looking down the barrel of retirement, it is a tool every savvy business owner should use to maximise the value of their business when they want their involvement…
Buying Vs Starting Buying Financial You have a windfall or superannuation that allows you to buy a business outright. You already have customers, equipment, staff and suppliers. Existing business income may make it easier to get funding. Growth Rather than start from scratch, you want to take on and grow an established business…
Owning a JOB Vs building a valuable business asset The CEO of a growing, successful business was able to spend a significant time out of the office without the fear of everything crashing down. In my opinion, that’s the difference between owning a job and building a valuable business asset. If you can build your…
Women owned companies continue to grow and contribute more than $1.2 trillion in annual revenue and scientific studies seem to promote the idea that a number of female attributes can give women the edge to succeed in this new world of internet businesses and fast-paced information overload. Look out; here comes the female entrepreneur, business…