As a business owner, your job is to focus on how to expand your business and improve your profitability. It also is important to make time to examine your business’ risks and vulnerabilities. When you have changes in your internal and external environments, your business may be exposed to new risks, and your tolerance for previously identified risks may change. That is why you should make conducting an annual risk and vulnerability assessment a priority, as part of your overall business protection planning. This assessment is the process of identifying, quantifying and documenting the probability and overall potential severity of various types of threats or hazards (e.g., natural disasters or political events, human, technological or security factors, accidents or the loss of key staff) that could damage your facility and/or cause a disruption in your business. Click here to Read More. You can also go to Disaster Planning to find more information and resources.
To ensure your new employees have an effective and positive onboarding experience, you’ll need to prepare and plan for their arrival! It’s critical that you make them feel both welcomed and prepared to start in their new role, giving them the resources and confidence to make a positive contribution to your organization, and to ultimately carry out your company’s mission both now and in the future. ASA University’s New Hire Onboarding and Orientation Roadmap will assist you to be well prepared to do just that – warmly welcoming your new hire to your team showing him/her that you care about their success! You can click on the link provided or go to Additional Resources to find the Roadmap and other helpful resources.
This week's training article has come from the Harvard Business Review. Help Your Team Spend Time on the Right Things, focuses on a soft skill that the majority of us could use some help - Time Management. The authors open with, "What is the most common resource that’s always in short supply? The answer, of course, is time. This applies not only to your time, but to your team’s. It’s the one organizational resource that is neither expandable nor renewable. Therefore, making sure that time is spent in ways that will have the biggest impact is a critical determinant of organizational success." Read More.
Harvard Business Review has another great article about Best Practices. Stop Believing That You Have to Be Perfect is by Dorie Clark who is a strategy consultant and speaker for clients such as Google, Yale University, Microsoft, and the World Bank. She is an Adjunct Professor of Business Administration at Duke University’s Fuqua School of Business, and author of Reinventing You: Define Your Brand, Imagine Your Future. A great quote from the article is,
"Failure makes success possible, but not because of the eventual possibility for lucrative exits. Rather, failure opens the dialogue to show that we don’t have to be perfect; in fact, we can’t be. We need to speak honestly and openly — to let ourselves be known, so that failure and mistakes are put in their proper context. We can’t be afraid to acknowledge that, if we’re growing, failure isn’t an anomaly. It happens every day."
The Importance of Employee Training: 6 Reasons Why It Saves You Money is a great article from Business2Community that demonstrates the importance of training. It not only helps your employees, but your overall company. A great quote from the article which brings home the importance of training is: "If you were given the choice between two different pilots—one was trained, the other not—which one would you choose? But what if there was no “up-front” cost for the untrained pilot? You still wouldn’t do it? Yet many business owners do not recognize the importance of employee training."
We are always encouraging members to send or post best practices and other educational items that they have found interesting. John McKenzie From WinWholesale, Inc. is on ASA Education Foundation's Board of Trustees and has come across an article that has tremendous value for all of our members. The article, To Change Employee or Customer Behavior, Start Small, is from Harvard Business Review and discusses best practices on changing employee or customer behavior. Check out this article and please send or post any other best practice articles you may come across in the future.
ASAU representatives are "talkin' training" at the WinWholesale Vendor Showcase this week in Dallas, TX. Win company representatives can see how ASAU eLearning courses are now accessible internally through the WinUniversity learning management system. Thanks to everyone who stopped by the booth to see the new course registration process live!
For those ASA Members in Region 5 (Wholesales Association of the Northeast), make plans now to attend the Executive Leadership Conference June 11 - 13, 2014 in Cambridge, MA! ASAU will be facilitating a presentation entitled "A Proactive Approach to Succession Planning in your Business." This session is geared toward owners and managers who want to see a proactive Succession Planning model to implement for their teams. We will look to add this topic to events in other regions as demand dictates. Let us know your thoughts!