Vodafone to appeal against India tax ruling
The Mumbai High Court dismissed a landmark challenge by Vodafone against a $2bn tax case in a blow to the UK group and a potential setback for other companies looking to make major investments in India
New Star agrees £240m rescue with banks
One of the UK's best known fund managers has agreed to a debt-for-equity swap deal that will leave a group of four banks, including HBOS, Lloyds TSB, HSBC and RBS, in control of the group
US carmakers ask for $34bn
Detroit's beleaguered carmakers sought to present themselves as lean, innovative and environmentally aware companies as they appealed to Congress for up to $34bn of emergency loans
EDF tries to scupper Buffett's energy bid
The French state-controlled utility launched a direct challenge to billionaire Warren Buffett with a $4.5bn bid for 50 per cent of the nuclear fleet owned by its US partner Constellation Energy
BA chief faces tricky juggling act
Willie Walsh, British Airways chief executive, is juggling a perilously high number of balls, with the danger that any or all could be dropped
CIC 'not brave enough' for foreign buys
The sovereign wealth fund that has incurred steep paper losses on its stakes in US financial firms said it is "not brave enough" to invest in foreign financial firms and lacks confidence in the shifting US financial regulatory situation
Babcock & Brown wins reprieve from banks
The beleaguered Australian infrastructure investor secured an 11th-hour reprieve after a syndicate of 25 international banks agreed to extend it a A$150m emergency loan
Telecom Italia to sell assets and cut jobs
Telecom Italia is to cut another 4,000 jobs, sell assets worth ?3bn, and cut costs by around ?2bn over the next three years as it seeks to reduce its huge debt burden
Infineon's outlook grim on auto sector slump
Chipmaker Infineon is bracing for a significant decline in revenue and an operating loss in its 2009 fiscal year due mainly to declining demand from automakers, a key customer group
GE Capital's downsizing welcomed
GE's shares surged after it revealed details of a plan to wean the company off its dependency on financial services for profit, while assuring its GE Capital division can prosper
Nokia releases its answer to Apple's iPhone
Nokia, the world's largest mobile phone maker, has finally responded to the threat posed by touch-screen based smartphones such as Apple's iPhone with a model of its own. But it could be a case of too little too late, says Paul Taylor.
Goldman move for former head of NY Fed
The appointment of Gerald Corrigan as head of Goldman's newly created bank holding company, which comes amid the group's transformation as a commercial lender, is expected soon
GM outlines restructuring plan
General Motors is reviewing its Saturn brand and will demand fresh concessions from the United Auto Workers union, under a restructuring plan submitted to Congress
Total considers bid for Nexen
French oil and gas group thrashing out details of a possible bid worth up to C$20bn for mid-sized Canadian
Icahn files lawsuit against Realogy
The billionaire investor claims that the planned $1.1bn debt exchange of the property brokerage group owned by Leon Black's Apollo Management is a 'fraudulent' transfer of money


the money you’re spending on them will pay off
4.And that they’ll continue to do a great job, without you having to continually check up on them.

So to help achieve these 4 things lets go through them.

Now – it’s going to sound really simple. The truth always is simple.

And that’s how I get a million or more in growth for the clients I work with…

1. – You want to know that they can do a great job.

To ease your mind on this, make sure you recruit someone with the right skills and test them on it so that they are up to your standard. If they aren't, train them up, or get someone new. Simple – the key there is that you must have a great recruitment system – I’ll talk more about this in an upcoming business growth article.

2. - That they will do a great job.

If you’ve followed a top notch recruitment system like the one I teach my clients – rest assured your employee will most definitely have the skill set… and they’ll also exceed another four key criteria that you must take every employee through.

If they you have done that – the employ will do what you require.

If they can’t you either train them up, or trade them out and get someone new that can do it.

3. - You’ll want to know that the money you’re spending on them will pay off.

How will you know and measure this?

Well, once again, a top notch recruitment system is crucial for your employee to be able to breeze through this step. Let’s assume you’re following my recruitment system.

And you’re also following my recommendations on having key performance indicators so that you know exactly what returns you’re getting from each employee.

Now for any employee, you can put them on for a trial period. So trial them to make sure you’re getting your moneys worth.

If they’re not up to scratch train them up, or trade them for someone new.

4. - You’ll want to know that they’ll continue to do a great job, without you having to continually check up on them.

Well, if you follow my recruiting system, my behaviour test method, and set up your business with 3 crucial elements to attract the right people … you’ll be home and hosed.

As well as the 3 key things I’ve just mentioned – there’s one key element that brings all 3 together – and if works brilliantly. Yet I reserve that especially for my 1-on-1 clients.

When you combine all 4 you can successfully let go seemingly effortlessly.

Be warned though…

Once you find a good person, they’ll fly through all your old jobs in just a matter of hours… the same jobs that used to take you weeks to do!

If you’ve ever hired someone good, you’ll know what I mean.

At this point you’ll have a new fear… which will be.

‘Can I bring in enough work to keep this person busy?’

Well that’s what I work with my clients on, growing your business to keep them busy!

It’ll force you to grow… and if you don’t you’ll lose money.

So it’s a lot of responsibility.

You need to look at the impact ‘letting go’ can have on your business.

All of a sudden, if you do it right – your business can lunge forward. Or if you do it wrong – it can drive you down.

Look at things like the impact of the extra wages you’ll be paying and work out your weekly, monthly and annual financial's to calculate your new break evens and how much more you need to bring in so that the business will make a profit on employees working for you.

As well, figure out your marketing to bring in the additional business to coincide with their employment so that the business can be profitable and cash flow positive every step of the way.

Sound daunting?

Well that’s fine, that’s where I help my clients in my 1-on-1 business coaching program. And that’s how they can grow and keep profitable, and cash flow positive.

I have successfully stepped dozens and dozens of business owners through this phase so that they can grow their business.

I go through all the situations that may occur when you ‘let go’ and we plan and prepare you for it – so that if any of the situations arise, are prepared for it, and you deal with it effectively and efficiently.

Thus saving inordinate amounts of time, money and of course any emotional heart ache, and or stress. You’ll thank me for this!

You can let go when you have reliable employees.

We look at the impact of it.

The business owners were excited because they now had someone that could reliably do the tasks (and in most cases the new person could do it better)… now that they had let go they had more free time… so they had to go and grow the business.

When you do let go – you have no more excuses- it’s now up to you to grow the business – which is what you always wanted and that can be daunting… because everyone does it in a fraction of the time – now you have to create work to keep them busy – and that is scary.

Copyright © 2007 by Casey Gollan. All Rights Reserved.

Article Source: http://www.articles-galore.com

Business Coach, Mentor And Growth Specialist
Casey Gollan, Business Coach, Mentor And Growth Specialist. Grows $1 Million p.a. Small Businesses Into $2 to $5 Million p.a. Businesses Over a 2 to 3 Year Period.

Products and Services mentioned in this article are available Here

         

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