The Benefits Of Opting For Business Executive Coaching Services

b20As a leader of a business, you need to make sure that you hire the best employees who can accomplish business tasks properly. It is also the job of leaders to monitor their employees to make them more efficient. As for employees, it is imperative that they have leaders who can assist them in making the right decisions to boost their confidence at work. Fortunately, all these can be obtained by opting for business executive coaching services. By opting for coaching services from experts, businesses can even attain better benefits that can match their needs. Below are some of the following.

Enhance leadership skills

One of the main benefits of business executive coaching services is leaders can improve their skills. As of now, leaders and managers are the ones who are making plans and decisions to make their business stable and more profitable. But, to make the right decisions, individuals need to have the right skills and knowledge. And, opting for coaching services can allow them to attain all these which can help them achieve their business goals.

Boost professionalism

The next benefit of executive coaching is you can boost professionalism in your business. Of course, having good relationship with your employees at work allows them to be comfortable. Unfortunately, there are cases when employees do not listen to you since they forget their position in the business. So, by opting for coaching services, you can easily promote professionalism which can make your task better and more efficient.

Improve problems solving skills

Another benefit of coaching services is it allows leaders as well as employees to improve their problem solving skills. Issues at work can be dreadful most especially if it affects your performance. Luckily, coaching services allow employees to identify issues and solve it immediately. Not to mention, employees can also reduce risks at work which can help them accomplish their tasks effectively.

Enhance work performance

Finally, business coaching also allows individuals to enhance their work performance. Stress and anxiety are only some of the issues employees may encounter on their daily lives. With these issues, there are instances when they cannot finish their tasks on time. With the help of executive coaching experts, work can be easier and more efficient since they can help employees to be motivated.

With all these wonderful benefits, business owners are rest assured that they have the right employees who can help them achieve their goals and make their business more reputable and profitable.

Maintenance Bonds Breezy Free & Easy

b19Free surety bonds. Is there anything better? Actually I can think of a couple of things right off BUT… are they good? Sure they are.

Everybody likes free stuff. Trouble is, they’re not always breezy free or easy. Sometimes they’re a huge P.I.A. So let’s get into maintenance bonds and learn the issues.

The most common Maintenance Bond situation is a bonded public or private contract. The specification stipulates there must be a 100% (of the contract amount) Performance and Payment Bond plus a Maintenance Bond, which is often for a lesser amount, maybe 20% of the contract price. The maintenance bond covers the completed work for defective materials and workmanship, for a specified period of time.

The P&P bond is issued when the project commences, and the Maintenance Bond comes when the completed work is accepted. It is common for the project owner (obligee) to write an acceptance letter regarding the proper completion of the contract, and stating that the Maintenance Bond must now be issued.

For the surety, this bond is an easy decision. They already got paid for the P&P bond. They already faced the risk of claim due to faulty workmanship or materials. Now the contractor (Principal) will pay an additional premium to obtain another bond on the same work.

In some cases the surety doesn’t even charge for this bond following their P&P obligation – breezy free and easy! If they do charge, the rate may be less than for a P&P bond. So when is it not breezy free and easy… and why?

Timing

Maintenance bonds are normally required after the contract has been accepted (work completed). However, in some cases, the owner requires issuance concurrently – at the inception of the project. This is difficult for the surety to support because the approval of maintenance bonds may be relatively easy, but it is not automatic. The surety must decide if they want to accept the risk associated with the maintenance obligation. In part, this is predicated on the smooth performance / completion of the contract. If the job was fraught with problems and difficult to complete, they may not want to support the such an obligation.

Requiring the underwriter to issue the bond at the beginning takes away the opportunity to make an informed decision.

General Underwriting Concerns

There is a time factor involved in each of these bonds. The surety must be confident that for the one or two-year period, the principal will be willing and able to respond to any call-backs (things that crack, malfunction, etc.).

If the applicant has recently deteriorated, such as declining credit scores or a poor financial statement, the underwriter may refuse to support their request.

Term

The duration of the maintenance obligation can present an underwriting issue. A one-year obligation is normal. Two years may be possible.

What about five years or ten? Probably not.

No P&P Bond

Sometimes a Maintenance Bond is requested, but there was no Performance Bond. Or, another surety may have issued the P&P bond.

If there was another surety involved in the project, it will be very difficult to gain a new underwriter’s support – the thought being “this risk belongs to another surety.”

If there was no P&P bond, the maintenance bond underwriter will require an Obligee’s Contract Status Report. This is the obligees written statement that the contract has been completed in a satisfactory manner, and related bills paid. A clean bill of health is needed to gain the underwriters support.

Conclusion

You won’t get a maintenance request on every project. But when you do, it may be very easy and cheap – but not always. Now you know why.

Steve Golia is an experienced provider of bid and performance bonds for contractors. For more than 30 years he has specialized in solving bond problems for contractors, and helping them when others failed.

Records Management In The City

b18“Records management is knowing what you have, where you have it and how long you have to keep it.”

People sometime do not understand what records management is all about – they want their organization needs to be met without any hassle. To make things simpler we have this guide which pretty much should clear your misunderstandings.

IT cities top the list when it comes to setting up a business. These Fortune 500 companies have plenty of physical copies of documents. These documents eat up office space and hamper work productivity. The solution to this problem is to instill a record management system.

Records management is a service specifically designed for storing and managing documents, usually in cardboard boxes. These firms have a secure warehouse and a strong racking system so boxes can be stacked efficiently. They bar code every box so you can track it on a central database. This allows clients to get items from storage all within a few clicks. The client just needs to pick the time and date for delivery.

Here is a look at the pros and cons of Records Management

The Security

When choosing a firm that deals in record management; one needs to do the basic hygiene checks. So what does one look for? The facility should have a 24/7 security staff and CCTV system. The second point is because one is storing important documents, climate control is primary, so that the documents do not get damaged with time. Because one is not allowed inside the room, a viewing room for your boxes or documents is essential.

The Cost

It all comes down to this. The ONE and ONLY query. How big a whole will it burn into the pocket? Space is premium all over the world. Therefore, pricing will be steep for sure. However, it is cheaper to use the services of records management for document storage. Certain firms give you a price by the space you use or the number of boxes used or a combination of both. It is best to always take a little more space because you never know when storage space could increase or decrease. The firms are normally flexible in that sense.

The Environment

When storing documents, the loss of physical document damage or decay is a potential problem. Therefore, to ensure they last, paper documents should ideally be stored in cooler temperatures, without much humidity, and a proper ventilation system in place. One should also check the protection of documents against natural calamities i.e. floods, fire or any other. Finally one needs to check if the facility has a raised platform. This will help the documents from getting wet/moist and reducing the risk of damage.

Convenience

Records management is therefore designed to be a simple and convenient solution. Gone are the days when you were hassled of retrieving documents and files. Pick up the phone or go online and get the boxes delivered at the doorstep.

Mistakes In Choosing An MC For Your Business Event

b17In order to make business events successful, it is important for business owners to look for professionals who can help them. For instance, when dealing with foods and drinks, it is best to hire reliable caterers. In case that you want to make your location appealing, you can opt for the services of event hire professionals. And, if you want to make your event entertaining, you can also hire an MC.

Sadly, when hiring an MC, there are cases when business owners make mistakes that can ruin their event. To avoid these, below are some of the mistakes business owners need to be aware of when hiring an MC.

Hiring the wrong speaker

One of the most common mistakes business owners make when hiring an MC for their event is hiring the wrong speaker. For some individuals, all speakers are the same. However, there are different types of MCs. For instance, speakers who are hired to talk after dinner must provide fun and enthusiasm. Therefore, you need to make sure that you hire the right MC for your business event.

Hiring an ego-centered speaker

The next mistake that business owners make when hiring an MC is working with an ego-centered speaker. These speakers usually have a topic that is designed to boost the speaker’s ego. Unfortunately, these topics are sometimes not guest friendly. As a result, your business event can turn into a disaster. So, make sure that you first talk with the MC to determine if he or she is an ego-centered speaker or not.

Hiring an MC who does not have a follow-up strategy

It is also important that business owners must avoid hiring an MC who does not have a follow-up strategy. Of course, there are occasions when unexpected incidents may occur which can affect your event. Thus, the MC must have a strategy to adapt to last minute changes and continue with the event like nothing has happened. With this, you can make your events better.

Hiring an MC when you actually need someone else

Hiring an MC when you actually need someone else is also another common mistake business owners make for their business event. There are various professionals who can make events entertaining and fun. That is why you need to make sure to identify which professional can make your event more successful.