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Business Hub Consultant in Colorado Springs Posted on by

5 Tips for better hiring practices
See how that includes “practice”?

Hourly or salary? That question pops up a lot when it comes time for a business owner to start hiring help. You can attract good workers and not-so-good workers with both payment models. So, I believe the real question is…which way do you believe will work best for your business and you as a business owner? And today I’m sharing 5 tips for better hiring practices to help you figure that out and work it out.

Hiring practices take practice

Better hiring practices can help you keep a better eye on your doors.

Getting the right people in the right positions can mean more sales. And more sales equals more money in the front door. Makes sense, right? But getting the wrong people in the wrong positions can wipe a lot of those profits right off the books. It’s what I call the “lack of efficiency expenses”. Like watching all the money that breezed through the front door just breezed right back out the back door.

But how do you watch both doors at the same time?

YOU can’t. But a proven system can. And you signed up for this business thing. So why not do it right and make it a whole lot easier on yourself…and your team? That being said, here are my 5 tips for better hiring practices. I’m not going into more details because that information is reserved for my clients and subscribers. But when you at least hit these high spots, you can go a long way toward hiring the right people in the right positions.

  1. Determine the roles and responsibilities in your company
  2. Hire responsibly (not just someone who can fog a mirror)
  3. Conduct a performance review at 90 days and consistently after that (don’t wait until you want to hide away from it all)
  4. Put together a budget for individual compensation raises (yeah, boring budget stuff, but saving more money’s not boring)
  5. Plan for bonuses if (when!) you meet those higher annual monetary goals

 

You can do this!! And the RondaReady business coach CRM system can help you get organized, get ready, and…

Stay Ready,
Ronda

And if you’re ready to build your business faster,
or you want to know more, we should talk.
Book a free 15 minute discovery call with me,

Posted in business coach colorado springs Tagged , permalink

About Ronda

After 14 years in a management position for a large corporation in the same industry, Ronda decided to make a change. She wanted to explore something besides what her insurance background offered. The benefits of self-employment certainly interested her... * More time with her family, * Doing what she loved, and * Making more money Ronda looked for opportunity, and became a partner in a small business in early 2000. She observed how unpredictable their lead generation and profits were and decided to make an intense study of the industry. Before long, she mastered all the technical details of the business. Once immersed in formal training, coaching, and implementation...she discovered how to build a better business. She developed and integrated a new business model with an emphasis on referrals. Over time, Ronda's consistent, reliable, and predictable marketing strategies created clearly defined roles for all operational components of the company. And that lead to an increased overall production of 82% over the next 6 years. Gross annual profits increased from $310,000 to $1.7M in 4 years. The business opened second and third divisions. In 3 years those divisions earned over $4M. News of those successes got around. And Ronda was approached by several small business owners and entrepreneurs. They wanted to know her "business secrets". She started taking on clients who were willing to do what it takes to be true business owners and create business profits. Since then, Ronda has helped scores of clients convert their business owner dreams into reality.

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