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The entrepreneur's toolbox, continued ...Published: January 01, 2010
3. Forget annual reviews.
In the past, many companies only took serious stock of where they stood at annual review time.
“That’s too long to wait,” says Puri.
Mitch
Rosenberg, a Laguna Beach-based financial advisor with clients
throughout the state, says nothing less than quarterly reviews is
satisfactory now for any company, no matter its size.
“Too
much is changing,” says Rosenberg, who founded Workplace Confidential.
“You can’t wait until the end of the year to be communicating about
your needs.”
THE ENTREPRENEUR'S TOOLBOX
1. Learn to live with tighter credit – permanently.
2. Be aggressive.
3. Forget annual reviews.
4. Horde your cash.
5. Develop "what if?" business strategies.
6. Re-think personnel,
both at the hiring and the management strategies.
7. Don't fear investing – but change
your investment strategy.
8. Insist on dramatically improved customer service.
9. Narrow the economic picture to your field.
10. Think globally, not locally.
<<< BACK TO MAIN TOOLBOX PAGE
| The entrepreneur's toolbox, continued ...Published: January 01, 2010 |
3. Forget annual reviews.
In the past, many companies only took serious stock of where they stood at annual review time.
“That’s too long to wait,” says Puri.
Mitch Rosenberg, a Laguna Beach-based financial advisor with clients throughout the state, says nothing less than quarterly reviews is satisfactory now for any company, no matter its size.
“Too much is changing,” says Rosenberg, who founded Workplace Confidential. “You can’t wait until the end of the year to be communicating about your needs.”
THE ENTREPRENEUR'S TOOLBOX
1. Learn to live with tighter credit – permanently.
2. Be aggressive.
3. Forget annual reviews.
4. Horde your cash.
5. Develop "what if?" business strategies.
6. Re-think personnel,
both at the hiring and the management strategies.
7. Don't fear investing – but change
your investment strategy.
8. Insist on dramatically improved customer service.
9. Narrow the economic picture to your field.
10. Think globally, not locally.
<<< BACK TO MAIN TOOLBOX PAGE
1. Learn to live with tighter credit – permanently.
2. Be aggressive.
3. Forget annual reviews.
4. Horde your cash.
5. Develop "what if?" business strategies.
6. Re-think personnel,
both at the hiring and the management strategies.
7. Don't fear investing – but change
your investment strategy.
8. Insist on dramatically improved customer service.
9. Narrow the economic picture to your field.
10. Think globally, not locally.
<<< BACK TO MAIN TOOLBOX PAGE
