Monday, December 6

Make the most of staff appraisals

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It is important to hold regular staff appraisals even if you have just one employee. They do not have to be intimidating or formal affairs, but they do have to be clear and well thought out. Ideally, staff should be appraised every six months. From your point of view, you can use appraisals to tell your staff how you think they are doing. If you are pleased with their performance you can use the opportunity to reinforce their behaviour through encouragement and reward.

Read more here
http://www.eaassociates.co.uk/content/business/your-employees/managing-your-staff/make-the-most-of-staff-appraisals.html?u=40c38A45&m=7632

Firms recruiting overseas to close the skills gap

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A significant proportion of UK firms are looking abroad to find skilled workers in the absence of suitable job candidates at home. The latest Labour Market Outlook survey from the Chartered Institute of Personnel and Development (CIPD) found that many employers are experiencing difficulties in recruiting appropriately skilled workers from the domestic work pool.

Read more here
ttp://www.eaassociates.co.uk/cgi-bin/item.cgi?id=32890&d=601&h=160&f=260&u=40c38A45&m=7632

Luke Johnson: My ingredients for success

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Often I think I should be more imaginative in diversifying my investments and seek out industries beyond hospitality. But the British eating-out market is still worth a massive £40bn annually and will expand this year, despite the recession. Moreover, I tend to spot the deals in the sector. I like to think I know what I'm doing - although I still make mistakes, such as Fishworks. But, overall, possessing a degree of domain knowledge will always improve the odds of your analysing a proposition more rigorously and help you make better returns.

Read more here
http://www.managementtoday.co.uk/bulletin/mtdailybulletin/article/1023460/luke-johnson-ingredients-success/

Entrepreneurs Refuse the Big Big Payouts

. . .  by Robert Craven

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The first or second question discussed with any half-decent bankers, advisors, potential investors or board members is "What is the exit strategy?"

The assumption behind the whole growing business ethos is about incremental stages of growth:
  • Have an idea (that you're passionate about)
  • Make and sell stuff (from your dining room)
  • Employ some people
  • Get some premises
  • Create a model that works
  • Scale it up (probably with someone else's money)
  • Sell the whole thing on to someone who has the pockets to take it even further and make a load of money in the process.
Read more here
http://www.thecorporatetoolbox.com/articles/entrepreneurs_refuse_the_big_big_payouts

Women make more trusted bosses

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MT's exclusive poll of 5,000 UK employees reveals that female CEOs are more trusted than their male peers.

Read more here
http://www.managementtoday.co.uk/bulletin/mtdailybulletin/article/1025520/women-trusted-bosses/

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