How To Spot Problem Employees Before Hiring Them

business (7)How to Spot Problem Employees Before Hiring Them

The whole hiring process requires careful thought and consideration. If an employer is not careful there are many things that can be overlooked in finding great employees. Upon viewing a prospect, the employer should view the initial application carefully to see if there is anything there that appears to be misleading or false. References and past employers should carefully be checked by giving them a call and asking a few unexpected questions and making certain that the past employer has a legitimate company. The past employer can be researched to see if they really exist.

If the application looks impressive, the next phase would be to give the person a call and let them know that their application was received and ask them why they feel they would be a good prospect for the job. It would be a good idea to tell them about the main job duties and ask them if they have experience in those areas. If the applicant is able to answer the questions in a convincing manner then this would be a great time to schedule an interview. If the person does not sound convincing they could be told that that there still needs to be time to view their application. This would be the perfect time to send them an email and thank them for their application and let them know why it was denied.

The interview is the final draw. First impressions mean everything. The applicant should be dressed for success suitable for the interview. Does the employer really express that they are interested in the company or in just getting paid to do a job? Some concerns may be health related problems that may cause this person not to be able to perform well on the job. The applicant should be able to work the hours needed and be able to be to work on time. Does the applicant answer in a way that he or she comprehends the questions asked? Does he or she communicate well and present themselves professionally? The answers to these questions could be red flags that help spot problem employees.


Build Survival into Your Business…

Successful business owners share many admirable qualities. They are smart, hard-working, and focused. Unfortunately, despite the hard work factor, Dun & Bradstreet reports that only nine percent of small businesses, with fewer than twenty employees, survive for ten years.  

Running a small business takes an inordinate amount of time and energy, which often leaves owners too distracted to focus on other areas of their lives, which causes many family business problems. When a business is a key component of family wealth, however, it is critical to incorporate family business succession planning to secure its long-term stability. After all, for most business owners, the business represents their single most valuable asset. Generally, it constitutes 90 percent of their wealth. Taking steps to safeguard a business, such as developing a  business exit strategy, helps ensure its long-term survival and success and protect an asset that often represents a life’s work. 

Invest your time in building your business by talking with Ralph Berge, Cleveland business coach about family business planning.

Part – 10…Five MORE Things to Consider When Selling Your Business

Here are the final five items on our list for family business succession/ exit planning. If you have been following my blogs in recent weeks you have a developed a list of 50 things to consider when preparing to sell your business. The process takes time but I can assure you it is a valuable investment in your business and your future. Check out the list and then invest your time in building your business by talking with Ralph Berge, Cleveland business coach about family business planning. Call me 440,838.0991 and  I’ll send you the entire list of 50 Things to Consider When Preparing to Exit Your Business.

 

1.       Consider lease vs. buy for equipment

2.       Total cost analysis of products / services

3.       Consider selling the business separate from the real estate

4.       Calculate inventory carrying cost

5.       Think like the buyer

Part – 7…Five MORE Things to Consider When Selling Your Business

Studies indicate that the average business sells in 6 to 18 months from start to close. Once a letter of intent has been signed, the due diligence and closing process usually takes 30 to 90 days.

 

How can you as a business owner keep the sales process moving forward? Family business succession planning should start years in advance of the sale. It can begin with a simple “to-do” list.  Consider these five thing as the beginning of your  list:

 

1.       Hire competent advisors and understand their roles

2.       Screen potential buyers

3.       Differentiate your business by creating a niche

4.       Make sure partners / decision makers are on board with the decisions

5.       Plan for training and transition

 

Invest your time in building your business by talking with Ralph Berge, Cleveland business coach about family business planning.

Part -3…Five MORE Things to Consider When Selling Your Business

Business succession management means your exit plans need to be clear in not just in your own mind, but in a written document that explains how your business operates. Working “ON” your business means working on these five things:

1.       Cross train employees

2.       Create employee manuals

3.       Understand the sales process and timeline

4.       Emotionally detach from the business

5.       Remove non-operating assets

Invest your time in building your business by talking with Ralph Berge, Cleveland business coach about family business planning.

Build Long-term Stability and Survival Into Your Business

Successful business owners share many admirable qualities. They are smart, hard-working, and focused. Despite the hard work factor, Dun & Bradstreet reports that only nine percent of small businesses, with fewer than twenty employees, survive for ten years.  

Running a small business takes an inordinate amount of time and energy, which often leaves owners too distracted to focus on other areas of their lives, which causes many family business problems. When a business is a key component of family wealth, however, it is critical to incorporate family business planning to secure its long-term stability. After all, for most business owners, the business represents their single most valuable asset. Taking steps to safeguard a business can help ensure its long-term survival and success and protect an asset that often represents a life’s work. 

Invest your time in building your business by talking with Ralph Berge, Cleveland business coach about family business planning.