Our Blog

Advising, Investing, Training for Business Owners

 

This Typical Business Practice Could be Hurting You


Would you make a business decision based off what happened up to 11 months ago?     Likely not. But we see businesses do this, often.     Businesses are forward moving. Business owners should then be forward thinking.   Using Old Information to Make Decisions   When starting new clients, we see them making business decisions based on their budget. This budget could have been created up to 11 months ago and the numbers included on it may be outdated and no longer relevant.   While the budget is a very important business tool as it sets expenses as…

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April 17, 2018

How to Increase Your Employees’ Job Satisfaction


Employee satisfaction. It's on them to be satisfied, so let them create it.   We often hear from our clients: “no matter what I try, the staff is never happy”.   We tell them to not be so conventional. Let your employees tell you what they need and let them do it on their own.  The leaders' job to be supportive during this process.   We, as leaders, always feel like we must provide the answers and make all the fixes. This is our first mistake. Who says the leader knows more than anyone else?   How to Bridge the…

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April 10, 2018

Don’t Fall into this Hiring Trap


After interviewing 15 candidates for the same role, it may seem like the perfect choice to go with the one that has the most extensive background. In fact, you may even think that second rounds are unnecessary at this point.   Don't fall into this trap.   While a candidate’s experience may be invaluable to your business, there are other things that you should look at when qualifying candidates. We argue that these “things to look for” are just as, if not more, important than experience.   Let’s dig into what we need to do when interviewing candidates.   Before…

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April 03, 2018

How to Decrease the Risk in Hiring


There is a lot of risk that goes into hiring someone and it sure gets frustrating and expensive when they don’t work out.   Here is a tip:     Past behavior is the best predictor of future performance.     Therefore, behavioral interviewing is one of several good ways to decrease your risk in hiring. It’s a direct way to ask someone how they behaved in the past which can uncover clues as to how they can perform at your business moving forward.   Effective behavioral interviewing is based off the “S.A.R” (Situation, Action, and Result) acronym. By creating…

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March 27, 2018

Avoid this Terrible Job Title Mistake


All too often, when starting a new client, the first issue the owner reports is their regret of giving a job title to an employee they wish they hadn’t.   Here's the mistake:   Early on in a business's inception the owner may have a “right-hand person” help them get it off the ground. This person is typically a great task doer, works independently, and values being known as that type of right-hand person.   As the business grows, the owner gives this right-hand person the title of VP. Time goes on, the business continues to grow, and more becomes…

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March 20, 2018

Too Many Meetings? Here’s the Solution!


"We have too many meetings!"     This is always one the first complaints we hear from our clients, and a concerning one at best.     The good news is that this can easily be fixed.     What causes this problem? At times, meetings can become full of non-value added anecdotes or voicing of problems without solutions that take up the meeting's allotted time. Key takeaways, whether or not they are noted, are not followed-up on. The only follow-up activity is another meeting which is even more detrimental. Like with the first meeting, this one is also unproductive,…

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March 13, 2018

3 Reasons Why a Shorter Plan Can Grow Your Business


Many business owners know this. You spend so much time crafting that perfect business plan. It's over 100 pages, it covers every part of your business, it includes graphs, an index, market potential reviews, and perhaps even a glossary! The reality is that when businesses have these complicated plans, they collect dust on the owner's highest shelf. They were made for bankers, investors, and other external stakeholders. They were not made to actually grow the business, nor to share with employees. Lets fix this. We had this same problem when we owned EMTEQ. We found the solution when creating the…

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March 06, 2018

Meet Our Advisor, Chuck


We had the opportunity to meet, get to know, and recognize Chuck Harris as a Certified STUCK Advisor. He will work with businesses to help them "get unstuck" by using our strategies and tools paired with his own skills and expertise.   A Little Bit About Chuck Chuck is passionate about helping new and established businesses improve their financial health.  He is a Credit and Finance Specialist with Credit Matters of Appleton Wisconsin and Options Lending Group in Milwaukee. He coaches business owners with negative credit and financial issues, to qualify for and obtain financing to start grow or refinance…

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February 15, 2018
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