Business People Club

Search All Topics !

A Simple Strategy to Increase Profits

0 like 0 dislike
243 views
Posted by SleepyFledgling
In today’s competitive business environment it is essential to find ways to reduce costs and increase revenues while keeping productivity and quality high. One of the best ways to achieve this is through hiring and retention of outstanding employees.

Far too often hiring managers rush through the hiring process due to being reactive rather than proactive when filling positions. With some preplanning in the hiring process and implementation of sound strategies once people join your organization, you will lower the cost of doing business by considerable amounts.

As you prepare to hire consider the following:

• What type of person are you looking for?

• What are the values that drive your company?

• How difficult is the job you are filling?

• Do you have anyone internally who can do the job?

• How long will it take to find the right person for the position?

• What are you willing to negotiate with the potential candidate?

In looking for potential candidates you may want to try more than the traditional employee search. Tap into your network of professional connections.  Some of your best candidates may be working for your competitors. Be careful about hiring someone just because they are a friend or family member. Not that friends and family members don’t make good employees - often they can be fantastic. And yet, if you are hiring them only because they are a friend or family member, you are setting yourself up for some big problems. With the wrong choice morale with other employees can go down. With the right choice it is just as likely to go up.

Think through the compensation package. Are the wages fair for the job, industry and market? Make sure your benefit package is competitive for your industry. Find out what other companies are offering as far as compensation and consider matching or beating their offerings.

There are occasions when someone may take a position without thinking through income, benefits or fit. Once they have gotten settled in and are feeling comfortable with the position and the company, they may realize the compensation and the job is not all it could be. That can cause some discontent on their part. To avoid this, do your homework.

Another key to keeping good employees is to make sure they are treated with respect, dignity and appreciation. This may seem like common sense and yet, it often doesn’t happen. I consult with various types of organizations employee retention and how to gain more commitment from the staff. I often will meet individually, in private, with a cross section of the staff. I spend at least an hour with each employee in a confidential meeting to find out their view of the company. Inevitably, the areas that are most lacking for the employee to be fully satisfied are communication and appreciation.

Once the area of discontent has been identified I design programs for the company in which to address the problems. What is amazing is the problem is often on the way to being solved by virtue of the fact the organization has brought me in. A common comment is, “Finally, someone is listening to me.”

Often, a company’s problems can be lessened with some good coaching and training of management. It is amazing how many managers and supervisors were put into their position without any training in interpersonal skills, management and supervisory skills, and how to communicate effectively. Nine times out of ten the people who need the most training are the ones who think they need it the least. And, they are often the biggest obstacle to the success of a company.

In order to stay competitive on all fronts you must keep your entire team on the leading edge. By doing so you will be in business for years to come with a happy, dedicated and productive team. And that will equal profits.

Your comment

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

Related posts

0 like 0 dislike
0 comments 170 views
8 Ways to Avoid Litigation When You Sell a Business

Based on recent litigation storm clouds, business owners planning exit strategies better batten down their legal hatches. As a ... to minimize your litigation risks and reap the benefits later.

image
Posted by TwinNut
0 like 0 dislike
0 comments 125 views
Purcahse Order Financing - A Tool to Finance Your Growing Orders

Do you have more purchase orders than what you can handle? Is lack of financing preventing you from fulfilling those orders? One of the ... as the tool that can help you close those orders and grow.

Posted by BunBunny
0 like 0 dislike
0 comments 140 views
How can you increase your profits?

It is one of the most important question that you should ask yourself, and know. There is only two ways to increase your profits, and ... in, online or offline. So go on and make some profits.

Posted by GroundHurricane
0 like 0 dislike
0 comments 189 views
Plant a Seed and Watch Your Business Grow

Do you have all the business you could possibly want or need? If you're like me, you're still growing your business. Marketing ... into action...and watch your business grow by leaps and bounds!

Posted by nicejone
0 like 0 dislike
0 comments 216 views
Free Advertising Tips - How to Write Ads that Sell

If you are interested in free advertising you are not alone. The fact of the matter is that more and more people are diving ... a bit of practice you will be creating free advertisements that convert!

image
Posted by Knighttime
0 like 0 dislike
0 comments 184 views
20 Ways To Convert Visitors Into Subscribers

1. You could offer your visitors a discount on all the products you sell if they subscribe to your free e-zine. 2. You could ... subscription to your free e-zine is only available for a limited time.

image
Posted by Sumogre
0 like 0 dislike
0 comments 115 views
9 Amazingly Easy Ways To Writing Your Greatest Sales Letter Ever

It is very common that people who are new to Internet Marketing will face with difficulties writing their own sales copy - a ... your prospects hooked right down until the order button, you succeeded.

Posted by Explorer
0 like 0 dislike
1 Comment 160 views
How to convert visitors into subscribers?

How to convert visitors into subscribers?

Posted by PlaySeal
0 like 0 dislike
0 comments 135 views
7 Simple Steps to Get More Out of Your Day

Let's face it - time is probably our greatest resource. We never seem to have enough of it and it seems to pass so quickly. Well we ... easiest way to more out of your day and more out of your life.

image
Posted by MysteryWasp
0 like 0 dislike
0 comments 118 views
A Successful List Means Profit Increase

It is a tough world out there, especially in the world of cyberspace. The internet has brought with it many technological innovations, ... way and your profits will start seeing their way to the sky.

Posted by Butcherry
0 like 0 dislike
0 comments 129 views
7 Steps To Skyrocket Your Internet Business Profits

There are many ways to bring your income to the next level, and it all relies on just a little work that you can take anytime ... of it right now and execute them right away to multiply your revenues.

Posted by PlaySeal
0 like 0 dislike
0 comments 150 views
Three places to find new clients without a lot of work

1. Don't ignore your own "Acres of diamonds" - ask your existing clients to refer some of their family, friends and ... potential clients by providing a quality product or service that they need.

Posted by LovableStorm
0 like 0 dislike
0 comments 216 views
Increase Profits by Marketing to Existing Customers

Business owners want more leads, more customers, more sales. It sounds logical: attract more customers and more sales will follow, ... quick fix solution to achieve the profit and success you want.

Posted by FrighteningTwinkles
0 like 0 dislike
1 Comment 237 views
How Drop Shipping Increases Profits?

How Drop Shipping Increases Profits?

Posted by HuggingDuck
0 like 0 dislike
0 comments 1,407 views
7 Questions Consumers Ask Before Buying Your Product

1. What's the deal? Customers want to know what they are getting into before they open up their wallet. One of the best ways to ... , they'll just forget it... and you can kiss your profit goodbye.

image
Posted by Hawkward
0 like 0 dislike
0 comments 187 views
3 Winning Sales Strategies You Can't Market Without!

1. Attention-Getting Ads Get Results Think about it...how many advertisements do you hear every day...how about every hour? Let's ... they're writing out the check! What more could you ask for?

image
Posted by Slayerk
0 like 0 dislike
0 comments 199 views
Make Your Business Interesting Through Posters

The image that you send off to your potential customers speaks highly about you and your company. That is why it is important that ... so make that message and design simple, brief and to the point.

Posted by Camella
0 like 0 dislike
0 comments 176 views
Business – Strategy and Execution

Every company aims to formulate good strategy and execute that strategy well. But many times it is found that it was ... strategy makers and the executors will ultimately decide the final outcome.

Posted by Scorpeon
0 like 0 dislike
0 comments 183 views
Business Strategy: Clarify Your Purpose And Vision

Whether it's the beginning of a new year or we're half way through, you want it to be your best year ever. You are no doubt ... process will work, you'll be amazed at the answers that will emerge.

Posted by Prepatriarch
0 like 0 dislike
1 Comment 168 views
How to create a Business Strategy?

How to create a Business Strategy?

Posted by Celestiger
0 like 0 dislike
0 comments 198 views
Top Networking Marketing Opportunities – Is There Such A Thing?

Top networking marketing opportunities, also known as multi-level marketing opportunities, run rampant on today's Internet. You've no doubt ... s home page. Keep your common sense, and good luck!

Posted by Finderpros
0 like 0 dislike
0 comments 115 views
17 Important Points To Consider Before You Hire A Law Marketing Consultant

As we fast approach the new year, many firms are preparing to launch their 2006 marketing efforts. If you're thinking about hiring a ... only a few, you may be reading comments from his in-laws.

Posted by PlaySeal
0 like 0 dislike
0 comments 199 views
How To Advertise And Build Brand-Name For A Product Online

According to the research of authors Al Ries & Laura Ries, there are 22 immutable laws of branding to build a product into world- ... don't you try to speech-up your business by online advertising?

image
Posted by HuggingDuck
0 like 0 dislike
0 comments 127 views
4 Inexpensive Ways To Turn That Old Booth Into a Sparkling Oasis

Is your trade show booth beginning to show its age? Have people seen your booth so many times that you've gone way past ... them now to automatically update the look of your trade show booth.

Posted by CheeryGrin
0 like 0 dislike
0 comments 177 views
5 Ways to Have a Sound Postcard Marketing

Postcards, if used wisely, can be a great marketing tool. It can transmit your business' information by just hand transfer. It is ... Use them to keep the customers and making them return for more!

image
Posted by BouncyOracle
0 like 0 dislike
0 comments 154 views
5 Pillars To A Successful Home Business

- Hustle: Generally, people who make it big have one thing in common-they are dissatisfied with the status quo. They will not take ... and effort. Be aware of what message your body is sending off!

image
Posted by Robottom
0 like 0 dislike
0 comments 181 views
7 Tips to Starting a Successful Small Business

Getting a small business off the ground is challenging to say the least. Here are some tips which will prepare the ground for ... this? Understand that in every problem there is potential for good.

image
Posted by Mosquiche
0 like 0 dislike
0 comments 122 views
Business Tools to Help You Run a Successful Business

When setting up a business, even the best prepared among us will struggle to do everything and remember everything. It is very unlikely ... to get the right tools will pay off time and time again.

Posted by VirtualAssassin
0 like 0 dislike
0 comments 146 views
4 Tips To Build A Content Site With More Repeat Visitors

On the internet, content is known as "the king". People visits a site not for the flashy graphics nor the wonderful website designs, ... ! Content is king, and you can take benefit from it easily!

Posted by PlaySeal
0 like 0 dislike
1 Comment 228 views
How to develop a new product?

New product development is one of the most important components of product policy and product management. Product lines and products are ... ; it gives rise to new versions of the existing products.

image
Posted by Camella
0 like 0 dislike
0 comments 168 views
3 Lifesaving Tactics to Stay Afloat In a Constantly Changing Marketplace

Let's face the facts... old-fashioned marketing tools aren't going to keep your business a growing and prosperous entity in ... take your business under. Stay afloat with these proven tactics.

image
Posted by PositiveVoid
0 like 0 dislike
1 Comment 182 views
0 like 0 dislike
1 Comment 170 views
How To Build a Profitable Subscriber List?

How To Build a Profitable Subscriber List?

Posted by MammothMoth
0 like 0 dislike
0 comments 187 views
Buying A Franchise

Buying a franchise can be a life changing experience. There are many good reasons to pursue your dream of owning a successful ... Consultant and decide if buying a franchise is right for you.

Posted by AmazingKitty
0 like 0 dislike
0 comments 167 views
What Is A Business Broker

A business broker is an intermediary between a buyer and a seller of a business. In most cases a business broker represents the ... your area to discuss representing you in the sale of your business.

image
Posted by Sumogre
0 like 0 dislike
0 comments 226 views
I want to sell my course using an email?

How to sell my courses using emails?

Posted by SilkPredator
0 like 0 dislike
1 Comment 166 views
How to close that consulting deal?

How to close that consulting deal?

Posted by ForceSoldier
0 like 0 dislike
0 comments 115 views
3 Easy Ways To Crank Up The Sales Volume

1. Supersize It! Okay, okay... the real marketing term here us upsell it, but the word association takes me to ... is to increase your marketing effectiveness within your current customer audience.

Posted by SilentTrooper
0 like 0 dislike
0 comments 130 views
6 Ways to Maximize Learning

Here's how to gain the most from training events. 1) Know what you want Before the workshop, set learning goals for yourself. ... the event in your company. Seek them out to express your thanks.

Posted by Butcherry
0 like 0 dislike
0 comments 237 views
What Do I Need To Consider Before Selling My Business?

The process of selling a business is not as straight-forward as you may imagine, especially if you are looking to get the ... too attached to your business, otherwise letting go could be difficult.

Posted by Catnip
0 like 0 dislike
1 Comment 269 views
How to Explode Your Consulting Income?

How to Explode Your Consulting Income?

Posted by PlushSeal
0 like 0 dislike
1 Comment 162 views
How To Create Customer Value In Your Proposals?

How To Create Customer Value In Your Proposals?

Posted by Wallaby
0 like 0 dislike
1 Comment 159 views
How to Convert leads into clients and boost your sales?

How to Convert leads into clients and boost your sales?

Posted by LoyalChief
0 like 0 dislike
1 Comment 146 views
How to Deal With Salespeople?

How to Deal With Salespeople?

Posted by GrizzlyFlash
0 like 0 dislike
0 comments 486 views
How to use free birthday eCards to increase sales?

Selling profession is a science and an art. You have to treat the customer as a friend and also keep some distance. This ... distinct difference in their behavior towards you. They will be friendlier.

Posted by CandidApricot

online business.png

Connect with us:
...