Entrepreneur Series – Lesson 6 – Poor Staffing Decisions

One of the first things I heard when I got into management in my career is the phrase “you have to put the right talent on the bus”. While I understood its meaning, it took many years to realize how important hiring decisions are to grow an organization the right way. I also felt the pain of making poor hiring decisions, and how much time and productivity you can lose from just one bad hire. No entrepreneur lives in the panacea of having zero turnover as sometimes they might like to make it seem, but certainly making the right staffing decisions by putting people in the right roles can allow your start up venture to get off on the right foot. One of the critical questions to ask yourself early in your venture is what role do you (the CEO/owner) play in your firm. If I was to use a baseball analogy, what jobs are you going to be a ...

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The 5 Must Haves when buying extended warranty coverage for your car

Saving your family money has become both an art form and a science.  For many of us, it is full time job, often on top of several other jobs. That brand new SUV that you have been eyeing may need to wait a few months until the economy shakes out.  One way that you can protect yourself from budget-busting repair expenses is by purchasing an extended warranty on a great used vehicle. But how do you tell the good guys from the not-so-good guys?  Here are things to look for when considering a contract: Must have #1:  A physical address You’re considering spending $1000 – $2000 or more with a company that won’t tell you where they are located?   This one is so basic it shouldn’t need to be here, but it will weed out 80-90% of website companies.  When you do get the address, Google it.  If they’re stable and legitimate, the address should bring up the company name.  ...

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