4 ways to minimise risk when outsourcing [infographic]

Posted by James Price | JPAbusiness on 20-Nov-2019 02:00:00

Many businesses – including my own – have a ‘virtual team’ of service providers who work in concert with our regular team of in-office staff members.

We have created the following infographic based on our experience and that of our clients who also have valuable outsourcing partnerships.

Use these tips to help you enjoy the benefits of outsourcing, while avoiding some of the hazards.  

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Topics: Free download, Advice, Staff, Running your business, infographic, outsourcing, business advice, risk management, Parramatta, Orange NSW

How to develop a great team [infographic]

Posted by James Price | JPAbusiness on 03-Apr-2019 02:00:00

Developing a reliable team – and keeping them – is one of the biggest challenges in business.

Everyone has their own motivations for the job they do, so there is no one-size-fits-all solution.

However over the years of helping business owners build and retain effective teams, we've identified several key actions that can help drive success in this area. We've summarised them in the following infographic:

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Topics: Employment and recruitment, Staff, Starting a business, staff management, business advice, Parramatta, Orange NSW

6 reasons to invest in staff training and PD [infographic]

Posted by James Price | JPAbusiness on 27-Mar-2019 02:00:00

First we need to answer the question: what is the difference between 'training' and 'professional development'?

Training is about ensuring your employees have the required skills and expertise to carry out the tasks for which they are responsible.

Professional development is a more long-term concept and is about helping your employees prepare to perform additional duties in future roles.

What are the benefits of having trained people in my organisation?

The infographic below lists 6 benefits of investing in staff training and professional development.

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Topics: Employment and recruitment, Skills and knowledge, Advice, Staff, Training and Professional Development, infographic, Business advisor, Parramatta, Orange NSW

How to drive success with employee share ownership

Posted by James Price | JPAbusiness on 02-Jan-2019 02:00:00

Share ownership is often considered by private mid-cap and small business firms as a way to have a more meaningful relationship with key members of the team. 

Basically, employee shareholding arrangements involve applying mechanisms to enable key personnel to share in the earnings, performance and direction of your business.

Providing employees with an opportunity to share in your business is seen as a way to motivate their performance and engagement; to help them see their work as more than just a job – it’s an interesting idea.

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Topics: Employment and recruitment, Advice, Staff, Running your business, Business advisor, staff share plans

How to build a reliable team [infographic]

Posted by James Price | JPAbusiness on 23-May-2018 02:00:00

Building a great team – and keeping them – is one of the biggest challenges a business owner will face.

Staff are not robots and everyone has their own motivations for the job they do, so there is no one-size-fits-all solution to this issue.

However over the years of advising business owners and helping them build and retain effective teams, we have identified several key actions that can help drive success in this area and we've summarised them in the following infographic.

Continue reading...

Topics: Employment and recruitment, Staff, Starting a business, staff management, business advice

Tips for successful outsourcing [cheat sheet]

Posted by James Price | JPAbusiness on 14-Mar-2018 02:00:00

Outsourcing is hardly a new phenomenon in business, but globalisation and technological advances have made it a much more common one.

Many small to medium-sized enterprises – including my own – have a ‘virtual team’ of service providers who work in concert with the regular team of in-office staff members.

We have created the following cheat sheet based on our experience and that of our clients who also have valuable outsourcing partnerships.

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Topics: Free download, Advice, Staff, Running your business, cheat sheet, outsourcing, business advice

Our Dynamic Performance Checklist and the key 6 elements of managing staff

Posted by James Price | JPAbusiness on 16-Aug-2017 03:19:00

Our Dynamic Performance Checklist is designed to help business owners and managers encourage and develop staff into a high-performing team.

The Dynamic Performance Checklist has 6 key elements that you as a manager, owner or leader in the business need to think about as you go about your day-to-day activities:

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Topics: Staff

7 tips for managing your virtual team [cheat sheet]

Posted by James Price | JPAbusiness on 05-Jul-2017 05:30:00

‘Virtual teams’, ‘virtual resourcing’ and ‘contingent workforce’ are fancy ways of saying outsourcing.

They’re modern terms, but their development is based on the very old business adage of ‘do what you do well and rely on others for the rest’.

Globalisation and technological advances mean small to medium-sized enterprises (SMEs) are increasingly outsourcing to drive efficiencies, but managing virtual teams also presents its own challenges.

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Topics: Employment and recruitment, Advice, Staff, Running your business, cheat sheet

What is employee fraud and who is most likely to commit it?

Posted by James Price | JPAbusiness on 03-May-2017 05:31:00

When undertaking valuations for business owners or due diligence for business buyers, we occasionally find large variability in a business’s financial results, such as a year or two that runs significantly against a positive trend and is difficult to explain.

In other circumstances variations are not as obvious, such as:

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Topics: Advice, Staff, Running your business, Fraud

 
Disclaimer: The information contained in this blog is general in nature and should not be taken as personal, professional advice. Readers should make their own inquiries and obtain independent, professional advice before making any decisions, taking any action or relying on any information in this blog. 
 
 

 

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