Administration is the management of operations and day to day activities of the company. It is all of the tedious, detailed, step by step stuff that keeps your operations going and your customers happy. As an entrepreneur, building …
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A legal entity has standing in the eyes of the law and can enter into agreements of all kinds. It can take on a number of forms including individual, association, partnership and corporation. Legal entities form the structure …
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Operations is a set of tasks that are bundled into processes for a particular purpose. Operations typically follow a 3 step process of inputs, throughputs and outputs. They must incorporate controls while also balancing the costs. Operations performs …
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Incentives stimulate action, spur effort, encourage behaviors and provoke engagement. Throw the wallet over the fence and the heart will follow is a common expression. But incentives must be more than just money to be effective. Good incentive …
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To align is to join, straighten, adjust and properly coordinate resources tasked with achieving a specific goal. The alignment process can include staff, suppliers and business units. Alignment is a powerful means of getting to your goals as …
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Goals are the aims of the company. They should be objective and set measureable targets that give the company, its units and individuals a strong sense of purpose. They are a key navigation tool for all to use …
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A job title describes the role and status of the employee. It is a label that can be easily understood by others and is frequently used for comparative purposes. Basic considerations for job titles include: Are job titles …
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A role is a function in an organization. It is relied upon to execute specific tasks and contribute to the overall success of the group. In a start-up, every role has a $$ cost and is therefore precious. …
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Organizations form a whole by arranging and planning for your resources to achieve a purpose. You use organizations to structure and formalize the social relationships of your staff. Organizations can take any number of forms including centralized/decentralized, narrow …
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Salaries are the fixed compensation that you pay to individuals on a routine basis; weekly, bi-weekly, monthly payments are typical examples. Salaries should reflect the relative contributions of each staff member. Determining salaries can be very challenging for many …
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