Noncompetes are essential for all key personnel
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Interview with Sarah Calvert
Sarah and Jim continue this series as they discuss more on accounting issues, including keeping your personal and business finances separate, realizing that your business is a separate entity that you work for, plus they discuss some of the perks that are available to the owner of a small business. They also talk with three callers with questions and comments about hiring employees and incorporating.
Category:
Legal
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Jim and Sarah continue a series on finding, interviewing, hiring, training, and managing employees. The discussion in this visit is about the importance of employee reviews, and how to conduct them. This may be one of the most neglected management fundamentals by small business owners, so give this Archive a listen.
Sarah and Jim talk about how to find employees, how to interview them, how to hire them, and how to keep the good ones. They also talk about the use of, and wording in non-compete clauses. How to use them, and how to defend them
Jim visits with our resident small business attorney as they discuss the interview process involved in hiring prospective employees. Sarah helps us understand what you can ask and what you cannot ask. Questions should relate to the job to be done, not to the applicant. Sarah also helps us understand how to make the employment offer properly.
Sarah and Jim talk about the issues surrounding purchasing and/or selling a small business, emphasizing that this process is different for every transaction, and is very much different from buying real estate.
Sarah and Jim talk about the importance of recognizing the difference in the various roles an owner plays in his or her business. For example, you may be all, one, or any combination of the following: owner, employee, shareholder, board member, officer, etc., and you must understand this, and operate accordingly. Also, what happens to your business if you die or become otherwise unavailable, and how to develop a back-up plan.
