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You get what you pay for

The Owl always met with the Tiger to speak about his business and what he was hoping to accomplish. The Tiger decided to outsource some of his operations and was deciding between two candidates. One was half the price of the other candidate. The Owl said “You always want to remember that you should select a candidate based on ability and qualifications rather than on price because at the end of the day, you get what you pay for.”

Lesson: This tip is from the post “Don’t Kiss a Frog When Selecting a Vendor“. When selecting vendors and people to complete projects for your business it is important to remember that while you may save a “dime” in the long run, you sometimes sacrifice quality.

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Share the love

The Chameleon was always frustrated because he was never recognized as the “Employee of the Month.” It was always the Bee that received the awards and accolades. Finally, in the weekly monthly meeting he finally asked, “Why is the Bee the only one to ever get the ‘Employee of the Month’ award?”

Lesson: This lesson is from the Rescue a CEO post How NOT to Motivate Your Employees. “A good employee motivation strategy inspires and engages all of your employees, not just the top performers. Consequently, this can make “Employee of the Month” competitions divisive for your work force. Instead of motivating employees with a competition that only rewards and recognizes one person each month, try to spread the recognition with smaller, more frequent awards. Whenever one of your employees has a good day, write them a personal email or give them a small bonus like a gift card. This will make it easier to keep your entire staff engaged and on-track.”

Image courtesy of africa / FreeDigitalPhotos.net

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Practice what you preach

The Chameleon was the model employee. Everything his owner did, he would follow. However, his boss would often be infuriated at everything that the Chameleon did and yell and berate him. One day the Chameleon finally said after angering his boss, “I’m just following your lead and doing what you do.”

Lesson: This lesson is from the Rescue a CEO post “How NOT to Motivate Your Employees.” For leaders and managers one of the most important lessons is that employees follow their leadership. If leadership is lazy, disorganized or doesn’t set good examples then employees and staff will follow that lead. Set the example you wish your employees to follow.

Image courtesy of africa / FreeDigitalPhotos.net

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Do as much as you can yourself

 

“Man I’m so stressed! There’s so much to do!” hissed the Snake. “I think that I’m just going to hire a virtual assistant” said the Snake to his BNI group, between “payroll, running the business, marketing the business, sales, finances, managing employees, I just don’t seem to have time for anything.” The Dog, the founder of the group said, “Hold up while you might think that it’s a lot, you should hold off on outsourcing too early before you get a viable business model that you know works and can generate money for you.”

Lesson: This lesson is from the Teach a CEO post “Outsourcing & Virtual Assistants – the real story”. Carlo Pandian wrote, “The truth is that, as much as it may be tempting to outsource everything from day one, it does mean that your fragile new business is dependent on the efficiency of others – and that could very easily go wrong. It also eats into the start-up fund and those all-important initial profits. In the first few months you may only make a very small profit (if any profit at all!), and paying out for outsourcing services or virtual assistants could wipe out that tiny margin completely. So the first piece of advice is at this early stage in your business’s life – do as much as you can yourself.”