Are there policies and plans for motivating employees?
Working through others is but no means an easy task. First of all, people are not puppets that can be moved by strings. Life may be a stage, as the poet said, but most people in small business are reluctant to submit to directors. Look for ways – good communications, respect for their viewpoint, incentive pay, and so on – to encourage people to want to do what you need them to do as employees in your company. Do you have adequate employee benefit plans? This includes life and health insurance, major medical, and pension. Benefit plans often are necessary to meet competition for skilled employees. Substantial plans can help to hold non-family key individuals in a family-owned business. Do you have key personnel insurance on yourself and is your family protected against your untimely passing? If these precautions are not taken, your death could result in the rapid dissolution of the business. Is there lack of communication among key personnel? The routine passing of information among you
