Posts Tagged ‘Decisions’

photo credit: brunkfordbraun 

Many people today are contemplating the idea of becoming their own boss and starting up their own business. This can be a wonderful idea for them, that is if they truly have what it takes to be their own boss and own their own business. Here are some of the most common traits an individual should have in order to be an entrepreneur.

• Passion and determination. It has been said numerous times that the more you love what you do for a living the easier things will be on you. This is true in entrepreneurship as well. If you have a strong passion, love, and drive for your business, then you will surely have the determination to stick it out through anything, as stated on Lets Blog Business.
• Fearlessness. When starting your own business you will no doubt get several comments, good and bad, from the people around you. Many people tend to be skeptical on owning a business. Many obstacles will present themselves and stand in your way, this is where you need to have no fear in order to push by and keep going.

Knowing Limitations. Nobody can do all things at all times, it’s just a fact. It is especially difficult to do all of the things necessary to get a new venture going if you aren’t knowledgeable on the subject. There are all kinds of software packages for developing business or marketing plans, simple incorporation, etc., but sometimes you just need to know when to call in for reinforcements.

From Business Opportunities Weblog.

 
photo credit: Svadilfari

I recently read an article by Tim Berry that I found to be very interesting. It talks about lessons learned over the years by employer to employee relations. When employers are working with employees, it is no surprise that there will always be some bumping of the heads and even some bad decisions made (also known as “duh moments”). Below are some of the tips found in the above mentioned article.

• People will always be very unpredictable, which makes it difficult to ensure that you have hired the absolute right person for the correct position in your company. It’s basically a guessing game, once you have completely reviewed their resume, references and more, there’s nothing left to do but bite the bullet and hope you have made the right choice.
• Often times you end up hiring the right person for the wrong job. This is not catastrophic, simply find the correct job for that person and all is well and solved!
• People have minds of their own and can change in mysterious ways sometimes. You can always change the job or change aspects about the job, but unfortunately you can not change the person on that job, change is up to them entirely.

“Fit” as in employee fit, is vital but also overrated, and too often used as a rationalization. You want people unlike you, not people like you. But you like people like you.

From Business Opportunities Weblog.

photo credit: doug.siefken

It is always difficult to have to let go of an employee. Even when the employee has not exactly been a “good fit” for the company, it is still not a task that anyone truly looks forward to doing. So how does a manager go about making this task not only easier for them but for the employee as well? Here are some tips that I recently read about on Entrepreneur.com to help you through this difficult task.

• Always make sure to think about your future when firing an employee, this will keep your mind on a more sensitive mind set and should keep you from causing any damage through the words that you speak. Remember that that the employee might be a future client of yours or may be in a position to spread negative information if pushed too hard.
• Make sure that before the final termination is made that you have reviewed the situation and have all necessary paperwork in order. No company should be firing anyone without proper documentation to back up the fact that this is the only and last option for this employee.

Recognize lessons learned. Although the company may think it handled a particular termination well, employee sentiment may not line up with the employer’s perception. It is important to talk to employees and supervisors left behind to ascertain their thoughts and feelings about how the company handled the departure keeping in mind confidentiality issues relating to the termination.

From Business Opportunities Weblog.