"Group culture is one of the most powerful forces on the planet." Daniel Coyle. Imagine your key manager departed from your MI retail store, and sent out the following email to all his contacts. Dear Friends, and Customers. Earlier this month, I resigned from as store manager at XYZ Music Store and will end my position with the company on January 1, 2019. I have sincerely enjoyed working with all the members of the team, and appreciate the many close customer relationships I’ve developed over the years. On February 1st, I will continue to take care of my customers with another great music company.1 Please do not hesitate to reach out to me on my personal phone or email. To read the rest, check out my January MMR column. How Do You Orchestrate a Culture of 'A' Players? One Moment at a Time.
My Five Best Ideas from my "Sound of Money" column published in MMR. OK. The title is a bit much, because as a newly minted 2018 grandfather, my best idea was to marry and have a family. Still, the ideas all previously published in MMR are all really powerful. If you want to dig in more, visit jaimieblackman.com, for links to the complete column. 1- Exiting? A Buyer’s Perspective., MMR, January, 2018 When it comes to how much a business is worth, who better to ask than Steve Zapf, president of Music & Arts. When I asked Zapf what were the key drivers for valuation multiples, the seller’s intellectual capital was on the top of his mind. “ Larger businesses with consistent earnings that are less dependent on a single person provide for a more stable and predictable operation after the acquisition,” he says. “These are factors give us the necessary confidence…
I was recently talking to an MI retailer with his two successors. Here’s how the conversation began. Jaimie- So tell me about store #2. How’s the team? Owner- They have their challenges. Successors- They are not motivated. They don’t jive with our culture. They are negative. We think there needs to be some changes. Let’s face it. Your few top performers, are responsible for most of your profit. That means, your mediocre players are responsible for most of your losses. According to the 2016 Conference Board CEO Challenge Survey, the number one concern of CEOs was retaining and growing talent. To read the rest, check out my November MMR column. How to Retain, Grow, and Recruit Top Performers.
Strategies to Engage and Keep Your Best Employees Jaimie Blackman, Jaimie Blackman & Co. Want to keep the rock star “A players” on your team? Unsure how to motivate your “C players”? Bottom line: It’s not always about money. Join Jaimie Blackman, CEO of Jaimie Blackman & Co., and find out how to engage and retain your best employees while motivating the others to do better. He’ll offer three powerful strategies to help you immediately turn your team into a lean, mean high-performance machine. As a bonus, he’ll also introduce you to new online tools. Get your employees at their peak performance today. Thursday, January 24th, 3:30, Idea Center Stop by and say hello.
As a business owner, you may be looking for ways to mitigate your annual tax bite, while diversifying your retirement risk. Creating a 401(k) or other retirement plan such as a SEP or SIMPLE IRA, for you and your employees can potentially solve several problems which transcend personal finance. Generally speaking, accountants who are looking for additional deductions are enthusiastic to recommend retirement plans. To read the rest, check out my October MMR column. Less Tax. Employee Retention. Retirement Nest Egg. Get a 401(k).