Employee owners need to start thinking like business owners, and to do so they need to understand company operations and also the bigger picture of where the company fits into its particular industry.
Not exact matches
Business
owners need to be transparent and open with colleagues about where they want to take the company and how
employees will play an important role.
That meant Jake
needed to head oversees to China to meet with the factory
owner and
employees.
Managers and
owners should know what critical data
needs to be protected, where the data resides within the company, and restrict access to only those
employees who have
need of the data and have also received training in data and information security.
The small business
owner who clearly communicates personal expectations and company goals, provides adequate compensation, offers meaningful opportunities for career advancement, anticipates work force training and developmental
needs, and provides meaningful feedback to his or her
employees is far more likely to be successful than the
owner who is neglectful in any of these areas.
Some small business
owners also
need to consider training and other development
needs in managing their enterprise's
employees.
If you're a small business
owner, you
need to ensure that you and your
employees aren't falling into this trap.
If you tell your
employees to «think like an
owner,» then you
need to consistently align equity with their contribution to the success of the company.
A bakery
owner, for instance, may not
need to devote much of his resources to
employee training, but a firm that provides electrical wiring services to commercial clients may
need to implement a system of continuing education for its workers in order to remain viable.
Every business
owner defines success differently, and not all feel the
need for increased funding or more customers or
employees.
Business
owners really
need to stop telling their
employees to «think outside the box.»
«It really
needs to be up to the business
owner, in consultation with
employees, about whether this is something that's necessary,» says Richard Truscott, provincial director with the Canadian Federation of Independent Business.
But if you think of selling as explaining the logic and benefits of a decision, then everyone — business
owner or not —
needs sales skills: to convince others that an idea makes sense, to show bosses or investors how a project or business will generate a return, to help
employees understand the benefits of a new process, etc..
The survey, released Tuesday, polled 500 small business
owners from around the country and found that half of them are in favor of a policy that would allow
employees to use earned sick time when they or an immediate family member falls ill or
needs preventative medical care.
But that's a big deal: business
owners need to have the discretion to save and invest retained earnings as they see fit, to meet the burdens of responsibility they bear for their
employees and new demands to grow their businesses to meet an emerging future.
All small business
owners need employees who want to work for them, so you'll definitely want to describe a few of the positives of your opening.
Still, while business
owners are facing plenty of more immediately pressing struggles and will
need to find their own unique approaches to parental leave, Siegel is convinced that the competition for talent will drive more and more companies to think hard about these sort of
employee lifestyle issues.
What's more, the majority of small - business
owners are planning to sustaining or growing their business over the next year, and 31 percent plan on hiring more
employees, while 56 percent anticipate their staffing
needs will remain consistent.
Here, business
owners need to balance the safety and security of their
employees and buildings, on one hand, with the
needs of their customers on the other.
Businesses with
employee stock ownership plans face a quandary: they
need to build up enough cash to buy back stock when
employee owners resign or retire.
To think like business
owners,
employees will
need access to the same information that
owners receive; they
need to be included in important conversations; they
need a clear understanding of the big picture, strategic goals, and changes of direction.
Many business
owners have heard that if they want to hire the most competent and talented
employees, they
need to relocate to New York City or San Francisco.
Small business
owners and
employees are traveling less and relying more on telecommuting, driving the
need for a superior version of video conferencing: visual collaboration.
Our
employees and other service providers are our most valuable asset, and we strive to provide them with compensation packages that are not only competitive but also that reward personal performance, help meet our retention
needs and incentivize them to manage our business as
owners, thereby aligning their interests with those of our stockholders.
After hearing from a large number of members of the Canadian Federation of Independent Business, I figured I
needed to share with our government the top 10 ways small business
owners (and their income) are different than
employees.
Since small businesses employ close to half of all U.S.
employees, Giorgio said it is important for community banks to step up their efforts to address the
needs of both small - and medium - sized businesses (SMBs) and their millennial
owners.
«As a result, business
owners, particularly small business
owners, may not be able to hire additional
employees and may even
need to decrease staff in an effort to keep their businesses afloat.»
In some situations, it may be the ideal service to help business
owners scale more quickly without the
need to hire additional
employees.
The
owners of Chick - fil - A are billionaires and so are the Wal - Mart clan, but their
employees need food - stamps and government assistance to support themselves and their families.
In the same way that the energy industry today is mistakenly identified with «Big Oil» (Exxon, Chevron, et al.), when it is in fact conducted predominantly by smaller independent companies most readers will have never heard of, modern capitalism is not largely the purview of Apple and Walmart, but rather of small, privately owned businesses with less than one hundred
employees providing services or products the public wants or
needs in order to support the families of the
owners and provide jobs for their workers.
We recognize we
need to absorb that knowledge while we can and create the next generation of high - performing Bettcher
employee owners.»
Employees: 200 «The quality of commercial bread had declined and Locations: 4 Steven Sullivan, president and the
owners of other local restaurants and stores were co-founder: «People
need to see asking us if we could bake bread for them as well.»
Sales: $ 18 million to $ 20 million
Employees: 120 Mike Busley, founder and
owner: «Whenever we find a Michigan source that meets our
needs, that's what we will use.»
This is really cool: the
owners and
employees of the Wyoming - based manufacturer all hold their own CCW licenses, so they're very familiar with the
needs of a gun
owner.
Romance rumors are circulating around the 25 - year - old actress» love life after she was reportedly spotted Any
owner, CEO or manager
needs to tread very carefully when becoming romantically involved with an
employee.
A disgruntled Home Depot worker fatally shot a supervisor before killing himself in a crowded Chelsea store Sunday afternoon, sending droves of shoppers Any
owner, CEO or manager
needs to tread very carefully when becoming romantically involved with an
employee.
For example, the
owner of a fire remediation company
needs to ensure that each
employee clearly understands and strictly follows company procedures.
While
employees have taxes withheld for each paycheck, business
owners need to manually handle their withholdings through out the year.
To protect a business in case of the death of a key
employee, key person insurance, payable to the company, provides the
owners with the financial flexibility
needed to either hire a replacement or work out an alternative arrangement.
That said, however, such reporting may suffice for some small - business
owners, such as those with few or no
employees, who don't
need to exercise tight control over their P&L.
If you are a small business
owner with
employees who
need to make purchases on the go, this is a useful feature.
Wages in the veterinary industry are fairly standard between hospitals, so, to be more competitive, veterinary hospital
owners and practice managers
need to think about the
employee benefits and perks they offer to their staff members.
Stores that offer on - trend products and have
employees that understand the basics of cat nutrition will be able to help cat
owners provide their picky eater the proper food and treats they
need.
All too often, pet store
employees assume that if a customer is coming in for yet another bag of kitty litter, they don't
need help; but asking a pet
owner if they've been satisfied with the product they are using can begin a conversation and create an opening for an
employee to address any issues the customer may be having.
For both pet store
employees and bird
owners, knowing how to clean, how often to clean, what to clean and when equipment
needs to be replaced will go a long way in avoiding any health issues.
It's important for a store's
employees to consider individual cat
owners»
needs when helping a customer choose the right litter, says Gina Zaro, marketing director at Precious Cat.
When boarding small pets, it is usual for the
owner to bring their pets» own cage, food and bedding, so the only cost will be the
employees» time
needed to care for the boarders.
Pet Store Pro was developed by the Pet Industry Distributors Association (PIDA) to specifically address independent pet store
owners»
need for consistent, reliable
employee training.
When an
employee or bird
owner cleans the cage or any accessories, he or she
needs to put the bird in another room, away from the cleaning and / or disinfecting products being used.
«By providing business
owners and
employees with the key information they
need to properly serve those who have served our country and those who
need our help and understanding, we hope to improve access for those with legitimate service dogs and reduce the possibility of public confrontation.»