Whether it's virus break up or spring break upThis is the time to focus on the details; all those items on the "backburner" should now be getting moved to the to do list. Focus on all the small things that will save time, decrease hiccups and add value to your business. Here are a few to think about.
Employee Handbooks, Training, Employment Contracts Remember that time that big project was delayed because a staff member mishandled and issue that you thought was common sense? How about that time you had an employee on leave for a month and you didn't know what your options were if you had to replace them. This is the time to solve those problems. All the little areas that bleed your company of money and productivity. Meet with your HR professional and lawyer to draft the agreements in a way that solves some of these problems. Develop the training and handbooks so that recurring issues don't keep recurring. Insurance Your business is constantly evolving and growing, your needs are changing all the time. Your insurance policies will not accommodate this on their own. Remember that time you bought a policy to cover your overhead when your overhead was $5000 per month? What is it now? You bought a disability policy to cover your income when it was $4500 per month, what is it now? Does your group benefit policy work as well for your current staff as it did for the staff when you set it up? Take the time to make the changes you need to make now. It's much more difficult to implement these changes when everyone is working full out. Go Forward Plan We are reaching out to our clients and developing a go forward plan. This is where we can we plan out what we are going to accomplish in the next 12 months. It gives people clarity in an uncertain time. We ask them how they would like us to communicate with them (phone, email, text etc.) and how often they expect to hear from us. Take this time to reach out to your key contacts and do the same. Take this time to focus on the relationships that you have and build confidence in your business. If you would like help in these areas or would just like to see what your options are, click here, we would love to hear from you.
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It's loud out there..We live in a day and age of information overload. The truth and facts have had to make way for opinions. It seems all the news that we get today are just the opinions of the people delivering it to us and a lot of times none of it is based on any research or evidence. So how do you decipher and make intelligent purchasing decisions for your business? Start with your GoalsThe best way to know what type of advice to seek or to avoid starts with your direction. If you don't have clear direction and purpose than you're vulnerable to be sold on someone else's goals. You need to set clear goals, not just for your business but for yourself. For example, our goal is to offer the best insurance advice and products so that our clients can set the bar in their industry. But if you don't have any desire to set the bar in your industry or see any value in doing so then our goals aren't aligned. Seek to be EducatedIt's great to trust the discretion of the experts but without being properly educated in your decision it's hard to have confidence. The role of an expert is not to make the hard decisions for your but to simplify and relay that information in such a way that you can understand it and make an informed decision. Your request of an expert should be to weed out all of the industry jargon and background noise so you can focus on what's important to making your decision. Don't allow someone else to make the decisions for you or you'll just waste time wondering if it was the right decision. Understand Where the Advice Comes FromPeople aren't against you; they're just for themselves. It is important to understand who stands to benefit from the outcome of your decision. It's not reasonable to assume that no one will benefit from the outcome of your decision; unless you're seeking advice from mom. However, it is reasonable to inquire as to how someone is compensated and how your decision impacts that. If you're expert is invested 100% in only one specific outcome it's going to be very difficult to trust that person to provide you with the best possible council.
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AuthorDean Chapman is a financial planner with an affinity for business. |