Cash The Checks

Having a staff with a good personality is important, but how you treat them is equally as important. You can’t change the personality of your staff but you can change their mood and work ethic by how you treat them.

Here’s a few things a boss can do with their staff..

• Make every day different. A good example is letting them enter work later on every Monday. If work begins at 9am, make it 11am on Mondays. They’ll avoid the traffic and get the week started off on the right foot. It’s also good for those that party or go out on the weekends, now they can enjoy themselves on Sunday night too.

• Another example of making every day different is by having casual Fridays, raffle days, bring your child to work day, boss buys the lunch day.

• Let your employees leave work early on Friday, after all, mentally they’re not there anyway, thinking of their weekend plans.

• Make your staff feel like they are part of the team, when you succeed in your business, reward them too, they helped you get there. If they have an invested interest in the success of your business they will work harder for you, themselves, and the business.

• Have office parties when it’s somebody’s birthday or someone is celebrating something. Turn your staff into a business family.

• Your employees will be willing to work harder for less money if they really enjoy their job and the company they keep.

• Even though your employees will work less by having these privileges, they’ll be far more productive with those hours, so in the end, it saves you money.

The real estate market boom that we’ve been experiencing up until about a year ago was due in part to ARM loans. ARM laons are Adjustable-Rate-Mortgage loans. This means that your introductory interest rate starts off very low, and then in 3 or 5 years, it will adjust to a much higher rate. Sounds dangerous doesn’t it? It can either adjust down or up, but most likely it will go up and your payments might double. So you’ll be forced to sell your house, if you can’t sell it or afford another house, you’re screwed, time for a foreclosure!

So who is to blame for people entering into these silly loans? The lenders or the home owners? The answer is a little of both, but mostly the home owners. Credit card companies also offer introductory APR’s of 0% that go up to 20% later, but that’s not their fault, if you’re dumb enough to fall for it, knowing what the terms are, then it’s your fault and nobody should help you.

I heard on the news today that some politicians may entertain the idea of raising taxes to bail out these people who find themselves in these tough predicaments. It sounds completely unfair that if you work hard, do everything right, save your money for a down payment & get a fixed rate loan, that you have to pay for the mistakes of others. I don’t like this “we’re all in this together” attitude. If that’s the case, there’s little motivation to succeed, because you’re always going to have the government helping you out regardless of what mistakes you make.

Is it ethical to offer your products or services at different prices to different people? In this free enterprise system, it’s difficult to be both ethical and do good business. Here’s an example:

You run an antique shop and one of your items is an antique spoon from the early 1800’s. Now there’s nothing wrong with talking to your customers and hyping the product up, saying how unique it is, how rare it is, what people during that time and that location were like, etc. But what if the customer looks to be someone who is new to antiques and has no idea as to the real true value of this old spoon? Because with antiques, an uninformed customer might pay $100 for an old spoon when it’s really only worth $5.00. So is it ethical to make up a price on the spot, a really high price, to see if the customer will bite?

Good business or bad business? Ethical or unethical? Do you need to be a cutthroat businessman to be successful or is there any room for a “nice guy” or do nice guys finish last in love and in business.

How are your business skills? You can learn about ethical business practices when you enroll for business administration degrees. Now, with online classes, you can get your business degree online. If you want to brush up on your business skills, look into getting a marketing degree or MBA online.