Employees

Blog

Education Matters...
... OK, so we all can name a handful of guys that made it big as entrepreneurs without a formal education.  Guys like Bill Gates and Michael Dell.  But let's face it, those ten guys you can name are literally 10 in 6 billion.  For the rest of the real world, education...
 
 
Three Things You Didn't Know About Marine Corps Leadership
More lessons learned on leadership from the military, this time from the Marine Corps... Most people assume the U.S. Marine Corps is a rank-and-file organization where officers have power and soldiers obey orders. In fact, the Marine Corps is a highly effective organization that thrives by...
 
 
Current Job Market Toughest for Mature Workers
From the Harvard Business Daily Stat commenting on a CareerBuilder survey: American workers age 55 and up have been hit particularly hard by recent job losses, according to a recent CareerBuilder survey. Only 28% of those over 55 who were laid off in the last year found new jobs, compared...
 
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Top Ten Workforce Trends for 2009
Working with employees can always be challenging, but it is especially challenging in uncertain times and in a shifting context.  An HR consulting firm has recently drawn up what it believes to be the top ten trends for 2009 in terms of managing employees: #10: Prevalence of Support...
 
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What Should You Pay Out In Salary Increases For 2009?
Has the economy hurt your business?  Perhaps it is time to rethink your salary actions for next year.  What follows is some solid guidance from an experienced HR professional... Six months ago, companies were poised to grow salaries aggressively, based on: a) rising demand for talent...
 
 
Creating Passionate Employees
Managing employees and keeping them focused is hard enough, but what can an entrepreneur do to create passion in his employees?  One thing is to continually tweak the compensation model so that an employee is aligned with you as much as possible.  This usually means to pay them...
 
 
Do Your Employees Feel Just as Responsible for Your Business as You Do?
One of the struggles for family businesses is how to grow the business and whether or not to add outside employees.  I've written on this topic before (click here to browse additional posts) and one of the most difficult situations you will face as you hire employees is the one of trying to...
 
 
The Problem with Employees (Compared to Family Entrepreneurship)
If you have employees in your business or if you manage employees, you will know what I mean when I say that the current system of employing employees doesn't work very well -- especially when compared to a family business with a family working together.    In early American history...
 
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Why Employees Hate Performance Reviews
It's that time of year again when we review all of our employees at my property management company.  It's a process that we all dread because of the time and effort and the potential for people to get sideways with each other.  Here is some simple advice that I found helpful about...
 
 

Q&A

Problems with Family Employee Not Producing
I have watched the Venture Academy videos and I have a question regarding our family business. I have a family member who has been working in our family business and the goal was that he would help grow the business, but since I put him on salary, he is not producing enough to justify...
 
 
How to Hire Your First Employee
I run an early stage software startup and so far it is just me and a few part-time programmers, but I came across a great resume yesterday that a friend forwarded to me and I am wondering if I should hire this person or not as I think they could help the company a lot.  Any advice on...
 
 
Hiring the Right Team for a Startup
I have a very early-stage software company and I am meeting with a venture capital investor and he will likely ask about my management team, which is not completely in place yet.  What kind of questions should I anticipate and how should I best present the team I have? ...
 
 
Looking for an Intern
I am an experienced entrepreneur that is looking to hire a tech-savvy intern that would like to help me launch a new venture.  Can you please help me find one? ...
 
 
Intern Seeks Advice on Internship Compensation
I am a young man seeking an internship where I can be mentored by an experienced Christian entrepreneur.  What advice would you give me in terms of structuring the relationship and compensation? ...
 
 
Growing My Business While Working with My Family
I run a business with several employees and I want to keep growing the business and the value of my business so I have more to hand off to my children, but I now understand and agree with the vision to involve my family more and spend more time shepherding my family.  What changes would you...
 
 
Determining the Proper Level of Compensation
I am going to be hiring an employee for my small family business and needed some advice on how to determine how much I can afford to pay.  Please let me know what you think....
 
 
Compensation Plan for a Sales Executive
I am the founder/CEO of an early-stage high-tech startup and I am in the beginning stages of trying to raise $2.5 million in an initial round of venture capital to ramp up operations.  I am trying to attract a high level sales/business development executive to sell for the company on a...
 
 
Absentee Business Owner and Structuring a Deal with Management
In November, I will become an absentee business owner.  A long-term and very capable employee will become general manager and take my place in the day-to-day management of the business.  Any recommendations on an incentive plan that will help keep my new GM focused on the right things to...
 
 
Considering Hiring Employees
Should I consider hiring employees to grow my business? ...
 
 
Hiring Employees Into a Family Business
Should I hire employees as a part of my family business?...
 
 
Delegating Work Without Hiring
What are your recommendations for delegating work without hiring employees?...
 
 
Motivating Employees
What issues do I face with employees in terms of motivation? ...
 
 
Employees and Family Culture
How does hiring employees change the culture of my family business?...
 
 
Legal Constraints with Employees
What kind of legal constraints do I subject myself to when I hire employees? ...
 
 
Cost of Employees
What kind of costs do I add when I start hiring employees?...
 
 
Worker's Compensation Insurance
What is Workers' Compensation Insurance?...
 
 
Tax Advantages of Hiring Your Own Children
What are the tax advantages of hiring my own children and how does that work? ...
 
 
Giving Employees Equity or Ownership Value
When and how should I give equity or other incentives to my senior managers in order to retain them?  I'm considering giving them equity, but not sure how to do that. ...
 
 
When to Release an Employee
How do you know when to let an employee go?...
 
 
Hiring Interns
What are the ins and outs of hiring interns? For how long? For how much? What's expected? What can I expect? And caveats? ...
 
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Quotes

Recovery Too Weak to Halt Rising Joblessness?
The economic recovery now spreading across developed countries is too weak to halt the continuing rise in unemployment, according to the Organisation for Economic Co-Operation and Development. The jobless rate is expected to peak in the first half of 2010 in the U.S., but it may not be until 2011...
 
 
More Americans Work From Home
17.2 million Americans worked from home at least one day a month in 2008, according to a recent survey by WorldatWork. That's an increase of 39% over 2006 and 74% over 2005. But while occasional telecommuting has increased, the percentage of telecommuters who do so regularly has declined. 5% fewer...
 
 
As the Dow Falls, Gossip Climbs
54% of HR professionals report an increase in gossip and rumors among their employees since the recession began, according to an October 2008 survey conducted by the Society for Human Resource Management. 23% say they've had to address more frequent "eavesdropping incidents," including employees...
 
 
Malcolm Forbes on Hiring Employees
Never hire someone who knows less than you do about what he's hired to do. - Malcolm Forbes, publisher of Forbes magazine...
 
 
Warren Buffet on Hiring Employees
It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction. - Warren Buffet, famous investor and chairman of holding company Berkshire Hathaway...
 
 
Larry Bossidy on Hiring Employees
I am convinced that nothing we do is more important than hiring and developing people. At the end of the day you bet on people, not on strategies. - Larry Bossidy, former CEO of Honeywell and former CEO of Allied Signal...
 
 
Steve Ballmer on Hiring Employees
All companies of any size have to continue to push to make sure you get the right leaders, the right team, the right people to be fast acting, and fast moving in the marketplace. Great companies have high cultures of accountability. - Steve Ballmer, CEO of Microsoft...
 
 
Jack Welch on Managing Employees
My main job was developing talent. I was a gardener providing water and other nourishment to our top 750 people. Of course, I had to pull out some weeds, too. - Jack Welch, former CEO of General Electric...
 
 
John D. Rockefeller on Managing Employees
Good management consists in showing average people how to do the work of superior people. - John D. Rockefeller, famous American industrialist, philanthropist and founder of Standard Oil Company...
 
 
Zig Ziglar on Managing Employees
The way you see them is the way you treat them and the way you treat them is the way they often become. - Zig Ziglar, famous Christian author, salesperson, and motivational speaker...
 
 


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Additional resources offered by New Venture Lab:

Family Works: Inspiring Profiles of Family Business - Volume One

Family Works: Inspirting Profiles of Family Business - Volume Two

Venture Academy Online - subscription-based HD video of our Christian entrepreneurship training course

 

Startup Financial Model Website

The Startup Financial Model a detailed, multi-sheet, completely integrated, easy-to-configure Excel-based business plan model for those who are planning or running a startup or small business and want an excellent financial model to enhance their business plan and capital-raising efforts. This companion site of ours includes step-by-step video instructions and customers choose what price they pay.