Human Resources Archives - Page 2 of 6

Ep.139: Creating Great Compensation Programs that Help Grow Your Company with Tom Miller

February 11, 2021 00:35:14

For many, determining the compensation for an employee is nothing more than doing a quick google search, or in our members case, maybe asking their peers what they pay a particular position. But Tom Miller doesn’t really agree with that methodology. Instead, his company helps businesses apply the best compensation strategies that help recruit great talent.

Tom is the founder and president of The VisionLink Advisory Group, a compensation design firm that services private businesses across North America. Tom and his firm have served over 600 companies across all industries.

In this episode, Tom discusses how to help small businesses apply the best practice compensation strategies that help recruit great talent, encourage execution of the business plan, and growing a company.

Victoria, Mark and Tom talk more about:

The starting point for building a great compensation plan in small company.
The most common mistakes employers make relative to compensation.
How to build an effective incentive plan in a private business.
The best way to handle employees who want stock in the company.
Setting and managing salaries for different employees.
And more…this

Ep.132: How to Shatterproof Your Business with America’s Legal Coach

December 10, 2020 00:29:55

There are many legal challenges that can appear suddenly for remodelers, builders and business owners.

Frivolous lawsuits, “Jekyll & Hyde” clients, predatory creditors, employment claims… you name it, it’s out there.

It is imperative to build your business on a foundation that can weather the storm so that, as our guest today puts it, it doesn’t matter.

In this episode, we talk more about the process of “shatterproofing” your business with America’s Legal Coach, Scott Reib.

Scott is the owner of ReibLaw, a full-service law firm with over 20 years of Business Law and Estate Planning experience. For the last two decades, Scott has been helping business owners, entrepreneurs, coaches, and service providers to “shatterproof” their businesses and succeed in the professional world.

Victoria, Mark and Scott cover:

How Scott became known as America’s Legal Coach.
The difference between a legal coach and a lawyer.
What is meant by a “shatterproof” business.
Why a business would need to be shatterproof.
The biggest legal mistakes Scott sees businesses making.
And more…

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Ep.129: Are Your Employees Stealing From You? With Vicki Suiter

November 12, 2020 00:26:28

The latest statistics on fraud should be a wake-up call for every small business owner. According to a survey by HISCOX, a specialty insurance company, 80 percent of embezzlements occurred at small businesses and 30 percent involved a loss of more than $500,000.

With more work is being done remotely, including paying vendors and processing payroll, you must have controls and processes in place to avoid this happening to you.

In this episode, we welcome Vicki Suiter, who shares simple practices and processes to help you avoid accounting fraud and stealing in your business.

Since starting Suiter Business Builders in 1990, Vicki has helped hundreds of contractors and designers build solid foundations for their businesses, run operations more efficiently, and achieve the kind of success they never dreamed possible.

Vicki’s articles and opinions have been widely shared in print and across the web. She is also the author of book “The Profit Bleed” – How managing margin can save your contracting business.

Victoria, Mark and Vicki talk more about:

Why small businesses are targets in 80% of all embezzlement cases.
The most common place where people “steal” money.
Other ways employees and contacts embezzle funds from a company that are less obvious.
Recommended controls and practices a contractor should have in place to avoid this happening to them.
“10 Ways to Spot Accounting Fraud”

Here is the link to the resource mentioned, “How to Spot Accounting Fraud”
https://suiterbusinessbuilders.com/how-to-spot-accounting-fraud/

Check out Vicki's Book; The Profit Bleed

This book is a doable, step-by-step guide that will put money in your pocket, and more time and fun in your day. Learn how to keep your finger on the critical pulse points that drive success, depend on your employees to take ownership, close more deals while charging more money, and more! [Click Here to check out Vicki’s book on Amazon]

Ep.127: Engaging Employees in the New Normal with Rick Bowers

October 22, 2020 00:24:01

Working remotely, working on-site with clients and adhering to CDC restrictions, an upcoming election, social unrest and an economy that is slowly starting to recover.

Everyone is adjusting to the new world of work, and it sounds as though making those adjustments will continue into 2021.

How can you help your team connect and engage with their work?

Our guest today, Rick Bowers, President of TTI Success Insights, shares tips and tools to help business owners and leaders make the changes they need to master the ‘re-boarding’ process.

Rick is the President of TTI Success Insights and keynote speaker at TTI Success Insights International Conference. Rick has over 30 years of experience with talent management tools and has trained people on effective talent management techniques in over 30 countries on six continents.

Victoria, Mark and Rick talk more about:

Background and overview of TTI Success Insights
The concept of “re-boarding”
What the new normal looks like for businesses and organizations
How business owners and leaders can use the tools available through TTI Success Insights

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Join Us for Two Days of Successful Remodelers, Bestselling Authors and Industry Leaders Sharing Ideas, Inspiration and Business Solutions as We Look Forward to Better Days Ahead.
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Ep.123: Ever-changing Compliance and How it Impacts Your Small Business with Stuart Jackson

September 17, 2020 00:28:25

Human Resources Compliance is a massive undertaking and as small business owners, most of us can’t afford to hire a full-time HR person.

So what do we do? We either add it to the ever-growing list of “hats” we wear as an owner, or give it a staff member who is not trained or up to speed on the various rules and regulations, both at the State and Federal level. So with the ever-changing rules, how is a small business owner to keep up?

In this episode, we talk with Stuart Jackson about ways a business owner can easily manage their HR needs, stay compliant and avoid costly administration mistakes and errors along the way.

Stuart is President of AllMyHR, an outsourced HR services firm with a dedicated team of credentialed experts and a complete compliance platform to help hundreds of companies across the U.S. and Canada.

Victoria, Mark and Stuart talk more about:

How small businesses are dealing with all the problems COVID has introduced.
The challenge of keeping up with continually-changing compliance standards.
Building a compliant company handbook to protect your company as well as your employees.
Advantages to outsourcing your HR department.
An economical way to set up required training and compliance.

Special Offer from AllMyHR and Remodelers Advantage

Through a partnership with Remodelers Advantage, AllMyHR is taking 10% off their monthly fee to provide you with a dedicated HR team. Click here for more information.

Ep.113: Fighting the Labor Shortage with In-house Training with Dan Hurst

July 9, 2020 00:27:59

The demand and absence of skilled labor is a huge challenge for remodelers across North America. We hear it from our Roundtables Members as well as from our associates, sponsors and Podcast guests.

In this episode Victoria and Mark explore different ways to tackle the issue, and welcome Dan Hurst to the show to talk about how his firm effectively creates a culture and career path that provides opportunities for his staff to learn and develop new skills.

Dan is the President / General Manager of Hurst Design Build Remodel in Westlake, OH and is actively involved in NARI as well as a Master Certified Remodeler and Certified Lead Carpenter.

Dan, Victoria and Mark talk more about:

Things you can do to create a culture and provide a path to grow your own skilled workforce
Why there is a need to develop your own staff vs. hiring
Creating opportunities for your employees to learn and develop new skills
What a typical career path might look like
Managing and helping your staff achieve their career goals
The fear of investing time and energy into developing someone, only to have them leave

FREE Webinar: Building Your "A Team"

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This one-hour FREE webinar, led by Doug Howard, is designed to provide insight and strategies for remodeling company owners and their leadership teams on how to hire more efficiently and effectively.

July 28, 2020; 11:30am – 12:30pm ET

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Ep.107: How to Know When to Trust Your Gut

May 27, 2020 00:21:20

We’ve all had a gut instinct at one time or another. But do you trust your gut? Do you often rely on your intuition when making decisions? How do you know when you should follow your gut, even if the data suggests another approach?

In this episode, Victoria and Mark discuss what intuition is and how to know when you should follow your gut when making important decisions. The guidelines they discuss will help you understand more about decision making and how your brain creates the patterns that guide you.

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Ep.103: Positive Growth in Difficult Situations with Kathy O’Brien

March 11, 2020 0:25:42

We talk about the J Curve a lot around here — picture a lower-case J. When you apply change principles to your business — new people, systems, and processes — they can initially send your business on a downward trajectory before soaring with your success. If you want to grow your company, listen carefully!

Our guest today breaks this process down into four stages of development:

Forming: The getting to know you stage
Storming: When conflicts arise (the bottom of the J)
Norming: Common goals are defined, an agreement is reached
Performing: Working toward a common goal and looking forward

In this episode, Kathy O’Brien talks to Victoria and Mark about how to manage your growth strategies and the importance of being a strong leader in challenging times.

Kathy was the founding CEO of the St. Louis Alzheimer’s Association for over 25 years and then served as Senior Vice President of the National Office in Chicago. She received numerous awards and recognition for her work. Kathy now volunteers as a mentor/consultant to 5stone Construction in St. Louis, MO, helping with business growth strategies — she first got to know the company as a client. She was so impressed with the quality of the work and the people, she has worked with 5stone for the last several years, developing systems and processes, determining annual goals and individual employee performance indicators, hiring to get “the right people on the bus,” and managing fast growth over the last four years.

Kathy says those four stages of development apply to making positive growth in professional development, organizational development, and personal development. You go through the stages in every business relationship, personal relationship, and client relationship. She breaks down the stages, and how they present themselves in the remodeling business, including:

How it plays out with employees
Why it’s a continuous process
Getting through the storming stage successfully
How one person can cause a storm
Why leadership and core values are important through all the stages
Making it okay to disagree, and fostering honest dialog
What to do when you’re still sinking
And more …

If you’re finding yourself stuck in the storming stage, Kathy says there’s great value in having support with other leaders, by networking or in peer groups. She also recommends three books to read to boost your leadership skills:

Ep.102: Developing a Sustainable Niche to Support Your Passion with Wright Marshall

March 4, 2020 00:19:50

One of the strongest ways to differentiate your business in your market is to have a niche.

Wright Marshall’s company, Revival Construction, has always focused on one highly specific niche and is constantly refining its team and systems to be the leader in that segment.

In this episode, Wright will share his approach with Victoria and Mark, and why following his passion for historic architecture helped him create a successful remodeling business.

In May 2000, Wright Marshall formed Revival Construction Inc. in Atlanta, GA, dedicated to renovating and restoring Atlanta’s older homes. The company focuses on classically designed whole-house renovations, and additions to houses built before WWII in the intown areas of Atlanta. Revival’s mission is to build beautiful homes and lasting relationships. Wright’s also a longtime Roundtables member.

Wright minored in architectural history in college, and planned to build for a while before going to architecture school. He didn’t go. Instead he concentrated on remodeling and building additions on older homes, allowing him to follow his passion for classical architecture and run a successful business. While there were other companies doing it in his market, they weren’t doing as well as he thought he could. Wright concentrated on providing a better customer experience in that niche, as well as:

Determining if your passion can be a sustainable business
Working with architects
Why design-build doesn’t have to be in one company
Building your reputation in the niche
Defining success in hiring
Investing in estimating
The importance of discipline
Setting smaller, realistic goals
The advantages of finding your niche
And more …

You can also learn why Wright chose the name Revival for his company, and also get to hear a little bit of an Allman Bros. song. Also, give yourself a little time to look through Revival’s Project Portfolio — there are some beautiful examples of Wright’s work.

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Ep.100: The Drivers that Make for a Successful Exit with John Warrillow

February 19, 2020 00:26:25

It’s our 100th episode, and to mark the occasion, we’re welcoming back our first guest ever to talk about how to leave your business behind happily.

On average, 75 percent of founders who exit their company have regrets within one year of leaving, and only five percent are actually happy with the net proceeds of their exit.

In this episode, John Warrillow will discuss why this happens with Victoria and Mark, and how business owners can better prepare for an exit that will leave them with no regrets.

John is an entrepreneur and author with more than 20 years of research into the small- and medium-sized business market. He’s the founder of The Value Builder System, which aims to level the playing field for business owners as they approach their exits.

When you sell your company, there are factors that will dictate how happy you are after it’s no longer yours, says John. The first is that the business is ready to sell. The second is a little less clear-cut — the seller has to have done the psychological work that sets them up for success. John talks about what that means, and how to get to the point where you can make a successful exit, including:

Why there can be regrets
Being clear on what’s next
The “push factors” vs. the “pull factors”
Selling and staying or going
Why it’s not about the money
The biggest fears that come with selling
Dealing with private equity groups
The pitfalls of financing your buyer
How to treat your employees during the transition
The top three things that determine if your business is ready to sell
And more …

If you’d like to hear more about the first part of successfully selling your company — getting it ready to sell — listen to Episode 1. And to learn even more, go to John’s website, builttosell.com.

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Human Resources