Don't make these HR mistakes!

The following HR practices in a small business should be guarded against. Never forget that all people want to feel valued, and part of achieving this, is sharing information. Company values, vision, mission statement, worker performance, company performance. All of this information is of interest to employees. You don't have to give detail, but rather share information that is pertinent to the worker and his level of involvement with the information being presented. It's important that this information is regularly updated. Lack of policies and procedures. need to feel they are being treated fairly andconsistently.EmployeesMisunderstanding probationaryperiods. fail it should not be a surprise.If an employee is going toNo job description. expectation of what they should be doing.People need...

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Do we have opportunity - food for thought.

Every Friday I'll be adding a little inspirational article, Feel free to print them out, or even copy any excerpts that you find motivational. This week it's about oppertunities and what we do with them.No man is kept poor because opportunity has been taken away from him; because other people have monopolized the wealth, and have put a fence around it. You may be shut off from engaging in business in certain lines, but there are other channels open to you. Probably it would be hard for you to get control of any of the great railroad systems; that field is pretty well monopolized. But the electric railway business is still in its infancy, and offers plenty of scope for enterprise; and it will be but a very few years until traffic and transportation through the air will become a great industry,...

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Buying an operational small business

At some stage in any business' life finance will be required. Whether it's for start-up, bridging, asset aquisition or expansion. But Qualifying for a small business acquisition loan  is ussually even more nerve wracking. If the business being sold is very profitable, the selling price will likely reflect a significant amount of goodwill which is ussually difficult to finance. If the business being sold is not making money, lenders can be difficult to find, even if the underlying assets being acquired are worth substantially more than the purchase price. Although specifics vary  here are some of the major challenges you'll typically have to overcome to secure a small business acquisition loan. Financing Goodwill The definition of goodwill is the sale price minus...

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The business coach works with you from planning to growing your business

Welcome to the first post of the business coach's site I offer business courses that cover; identifying personal requirements, business plans, where to find funding as well as daily running of your business. I also assist in facilitating specialised services - HR/IR practioners; Legal services; Quality systems and problem resolution; accounting. These service providers specialise in SMME's and their requirements, and offer customised solutions. My mission is to work with you in your business - so you can choose the level of involvement you require as well as the amount you can afford. My services range from full training...

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