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| Issue 29 |
November 5, 2008 |
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How much should you pay yourself?
We've all seen the criticisms of what appear to be highly inflated executive salaries at a number of companies which are now in financial distress. While none of us have the luxury of multi-million dollar salaries, there are still practical considerations that might affect your pay, especially if your company is a "C" corporation.
This issue's link will take you to an article that looks not only at owner's pay but also some of the reasons why a "C" corporation might still be the best option for your business. Click on How much should you pay yourself to read this feature article at the Business Owner's Tool Kit. |
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Inspirational Words of the Day
"Leadership is the art of getting someone else to do something you want done because he wants to do it.”
- Dwight Eisenhower |
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Motivational skills are a paramount requirement for a good manager. An unmotivated workforce, or even just a few unmotivated workers, becomes a huge burden on a company. In today's world, your ability to control costs while improving productivity is critical to success, maybe even survival. There are many resources you can tap to help you build your ability to motivate your employees. I highly recommend the One Minute Manager by Kenneth Blanchard to help you get started. It is a concise, easily-read story that reveals three very practical secrets: One Minute Goals, One Minute Praisings, and One Minute Reprimands. Its suggestions are easy to remember and easy to implement.
There is an entire series of "One Minute" management self-help books that grew from this first work. Many of those address specific problems that you may be facing in your business. Simply search "One Minute Manager" at Google or Amazon to see the wide variety of management topics. |
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Checkmate Tip: Part Return Reason Codes
By default, Checkmate® provides three choices for explaining the reason for a part return. Those are:
1. Part rejected
2. Wrong part
3. Quality price adjustment
You can add to or change the reason codes that show when you return a part or remove a part from a work order
by going to 6,10,7 in Checkmate (Classic S3,8). You can then print the Credit Category Report by going to 5,13 in Checkmate (V13 in classic). The report will help you identify customers, parts, or employees that may be generating unacceptably high numbers of credits.
©2008 Car-Part.com. All rights reserved.
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