Productivity Pyramid ® – Employee Coaching Techniques

Productivity Pyramid ® – Employee Coaching Techniques

What is the productivity change for an annual employee review system? As a five-year Vistage Chair, we have had several speakers that indicate that an annual review has zero or negative impact on employee productivity. What I would like you to think about is a personal monthly COACHING session with your direct reports where my productivity pyramid techniques are used to improve their work situation. If monthly coaching sessions are held, how easy do you think it would be to hold an employee accountable? Much easier than an annual review.

Values of Public vs. Private Companies must Consider the Marketability Discount

Values of Public vs. Private Companies must Consider the Marketability Discount

Why would you discount equity stock or units for marketability? If you are a privately held company, when or how do you liquidate your shares? Typically, only when the owners decide to sell, or you have to seek owner approval to have them buy the shares back. You do not have any control of what they decide to do. Correct?

The marketability discount that would apply is situational. If the owners do not plan to sell or buy the shares then the discount could be 50+ percent. National studies show that a discount range should be from 10% to 52% depending on the situation.

Collaboration and Teamwork – Mr. Harutos Zen Garden

Collaboration and Teamwork – Mr. Harutos Zen Garden

Your work performance is greatly enhanced when you allow yourself to want to change for the good. It is also important to avoid those situations that put you in the direct path of a confrontation. Steer your team away from focusing on the problem, and ask them to work toward a positive pro-active approach instead. You know the problem, and you need to help guide your team(s) to constructively move toward a goal. Discover what unknowns might have been overlooked, and learn from them. But do not allow negative thinking to bring your team down.

Build Value for High Exit

Build Value for High Exit

Build Value for High Exit – Financially, Operational and Strategically: Let’s say I am a startup, what’s my cost of capital? 20-80%. Growth rate? 15-40%. Mature companies? 10-25%.
That can create a large error. Before and after-tax rates. If you don’t use the right rate, that creates an error. This one, most people don’t know nor have heard about. Does anybody not want to be in business longer than 5 years?

Rolling 12 Month Graphs

Rolling 12 Month Graphs

A 12-month rolling metric tracking system can work on most performance metrics. With a 12 month rolling metric any change in slope is significant because a current month replaces a past year month. Any change represents a change in the month’s activity rather than waiting for YTD to get to the 4th quarter.

Common Valuation Errors

Common Valuation Errors

A business valuation typically uses five years of financial data but the business may operate for another 20 years. What credit do you get for the 6-20 years out in the five-year business model? NONE!
Errors occur when a five-year discount cash flow is analyzed without consideration, for an ongoing business. To consider the future operation, a terminal value is calculated. If you use Before Tax Financial data with an After Tax Discount Factor, it will create a large value-over-statement error.
With the same example above data points of $500k to $1.4M benefit stream, if you mix before tax financials with after-tax discount factor it could create an overstatement of value, of $1.8 Million.

Connected – Internships for Teens

Connected – Internships for Teens

Companies that allow youth to shadow and lay hands on a portion of a project – is the best education ever. It builds self-esteem, it’s engaging, and keeps youth motivated to return to your business or organization summer after summer until graduation.

Another way to help is to provide scholarships within a specific field that match your company’s goals and helps you retain this new trusted employee. Offer training packages if youth will sign on with your organization after college. There are endless options, if you really want to retain an employee and help foster their careers.

Productivity Pyramid ® and Systems

Productivity Pyramid ® and Systems

The rule of thumb is if you lose an “A” performer, it takes you 3 years of salary to get them back. Your management team is important as long as we go to the next step which is Scalable. Scalable means you can take your system and it can be duplicated in other cities or other areas. You’ve got a system. If this: Goals – Coaching – Accountability – Reward system is implemented employee productivity and company profits will soar.

Performance Enhancement Concepts

Performance Enhancement Concepts

Try to incorporate all of the characteristics used in my last article for a good coach. Employee Performance/Productivity Monthly Coaching Dreading those annual reviews? Looking for a better solution? Productivity Pyramid ® Annual Employee Reviews – Why They Don’t Work – And What You Can Do. PRODUCTIVITY METRIC
One way to track the progress of the productivity increase is to create the Productivity Metric. Track monthly by department, division, and company. Go back three to five years and see what is was before and then continue tracking the goals – coaching – accountability – reward system is implemented
PRODUCTIVITY METRIC : = REVENUE/FTE

Boy Scouts – Leaders of Tomorrow

Boy Scouts – Leaders of Tomorrow

Your Donation to these youth shows your own appreciation for their service, no matter how young they are. Your change can change lives. Your change can make a change. Fundraising is the gentle art of teaching the joy of giving. – Henry Rosso
When we give out of our own business resources, we are helping to be a part of a change in the world, even if it is only in our own back yards; our own communities. Most business owners do not give because they have too, they do it because of the way it makes them feel when they do it. Knowing that their donation to a worthy cause might help make things better for someone else who is struggling in their community, has its own intricate value. Once in a while, we even give out of our own needs.

Improve Value & Performance with a Business Valuation

Improve Value & Performance with a Business Valuation

Valuation is a simple term to define; it is the process of estimating what something is worth. This could refer to you personally, your business, or even a patent. In finance, valuation analysis is required for many reasons including tax assessment, wills and estates, divorce settlements, business analysis, and basic bookkeeping and accounting. Since the value of all things will fluctuate over time, valuations are as of a specific date. Valuations do not last forever; you will need to get them whenever a big event comes up. Remember value always changes.

Reoccurring or Recurring Revenue

Reoccurring or Recurring Revenue

Reoccurring or Recurring revenue occurs when a company is able to resell products or services repeatedly to the same customer. If you sell an asset try to sell a consumable product or maintenance contract along with the asset. Reoccurring or Recurring revenue occurs when a company is able to resell products or services repeatedly to the same customer. If you sell an asset try to sell a consumable product or maintenance contract along with the asset.

Keeping The Christmas Traditions Alive

Keeping The Christmas Traditions Alive

The history of Christmas has a long and winding past, through generations, continents, and cultures. For the history buffs, it’s a study they enjoy. We have Christmas cards, poinsettias, mistletoe, and of course the Christmas Tree. Christmas Tree? Where did we get a tree? And why do you use it? Who first discovered its use?

Productivity Pyramid® To Improve Performance

Productivity Pyramid® To Improve Performance

Have you ever had a good COACH? This often occurs on an athletic team. What are the characteristics of a GOOD COACH? Productivity Pyramid® Nate, Portland, OR will implement this concept to improve performance. He learned other key business concepts from Dale Richards’ presentation on Business Valuation Principles – How to Increase Your Business Value, Financially, Operational and Strategically.

Business Valuation Basics  Washington CPA Tiffany Couch

Business Valuation Basics Washington CPA Tiffany Couch

If your company is getting to the stage where you want to buyout a company or maybe complete a merger. You will need a valuation. In finance, valuation analysis is required for many reasons including tax assessment, estates, divorce settlements, business analysis, and basic metrics on business performance. Since the value of all things will fluctuate over time, valuations are as of a specific date. Valuations do not last forever; it is recommended that a business valuation be completed every two to three years or whenever the need arises. Remember value changes.

Elements to Increase Value Part VI

Elements to Increase Value Part VI

Year-to-Date (YTD) financial statements are almost useless until the 4th quarter. Year-to-Date (YTD) financial statements are almost useless until the 4th quarter. Almost all financial software programs have YTD as their standard. A much more effective tool is a 12-month rolling history which can also be used to create a 12-month budget monitor.
A 12-month rolling metric tracking system can work on most performance metrics.

How Will Your Company Give Back This Holiday Season

How Will Your Company Give Back This Holiday Season

Sometimes the greatest need is fulfilled in the act of giving itself. Connect with worthy causes, it can be done even on a small scale and can translate to part of your brand identity. If you connect to worthy causes you help build trust and a sense of community. You also help build brand loyalty by reaching out and helping with shared concerns.

There are any number of ways one can help, whether it’s with oversized checks or shoeboxes filled with gifts, there is always something that can be done for those less fortunate. Research through the internet revealed a list of 30 ideas that others have shared and used to help promote like-minded causes during the holidays.

Part V – Elements to Increase Your Company Value – Financially

Part V – Elements to Increase Your Company Value – Financially

Cash Flow: If there is a negative cash flow, you feel sad and wonder where it went. If you have positive cash flow then you smile but a monthly view is not very effective. If you graph cash flow and all of its elements, such as, A/P, A/R, Inventory, capital expense, bank accounts, etc. for the last two years, it becomes much easier to project 12 months into the future and see trends that may have happened in the cash flow area.