Category: Best Practices
As with most entrepreneurial operations, doctors tend to want to focus on what they are really good at, which is healing patients. That means that running the office, the actual business operation, has to fall to staff members they can trust.
Many entrepreneurs enter into their new venture without a clear human resources plan. Having a plan doesn’t just mean identifying key employees and decision-makers; that’s easy. It means having an HR strategy in place that is both compliant with the law, and is designed to attract and retain the talent you need to succeed.
The advantage of hiring an interim CFO is you get someone with the experience and expertise to help you get the company organized and poised for success
The smart business owners know they don’t have to do everything themselves, but can rely on outside experts to take a lot of the routine tasks off their shoulders.
The inability to implement a good workflow to track business-critical processes, like accounting, is one the biggest shortcoming we encounter with our clients.
There are very few businesses operating on a strictly 9:00 to 5:00 basis these days, and to save commuting time and promote productivity, a number of businesses are going mobile – allowing employees remote computer access to business data.
A lot of succession planning revolves around financial structure and tax strategies, and they take time to implement. Unfortunately, 95 percent of small business owners decide they want to sell within a few months and they don’t have enough time to prepare.
Too often, business owners keep unwanted staff too long or for the wrong reasons, and even more often, they make the wrong hiring choice in the first place. Interviewing potential employees is tricky, and there are very few managers who have been trained in effective interview techniques.
Employee performance measurement can help you understand how your employees are developing and contributing to your business using quantitative metrics.