Mon, April 30th, 2007 - 2:28 pm - By Gordon Basichis
We got this from Dianne Gubin’s Newsletter, Diane Talks Business.
THE PURPLE TURTLE NECK
A candidate recently interviewed for a new position. The candidate had the technical skills to do the job, as well as outstanding communication skills. The client said the candidate was PERFECT, except for wearing a purple turtleneck to the interview. The client decided that the candidate’s style was too informal for the nature of the position and the person did not get the job.
First impressions form in as little as three seconds. When interviewing, a first impression can determine if you are a possible match for a company’s culture.We take it for granted that everyone knows that an interview is the time to put your best foot forward. Dressing for an interview means appearing as professional as possible. You want to set the impression that you at least match the corporate culture standard, or appear at a higher social standard so that others want to know you.It’s important to appear genuine, trust worthy and dependable. There is a reason attorneys, bankers, and other professionals wear suits to set the tone of work environment.Project a solid first impression. This can include:
- Wearing a dark suit with a matching tie
- Well-groomed hair and nails
- Polished, closed toed shoes
- Avoiding religious, ethnic or clunky jewelry
- Covering tattoos or body piercing
At least once during your career consider scheduling a session with a wardrobe or image development specialist who tailors outfits to your personal colors and body shape. You will find this a solid investment as you build your work wardrobe.Whatever your industry, dressing professionally does make a difference. You will quickly gain the respect and confidence of all you meet as well project your authentic style.Enjoy Tip of the Week and Talks Business, Internet radio on careers and professional development- all in the same day!DIANNE’S PHILOSOPHY Dianne Gubin is an executive who knows the dynamics of creating success. Her commitment: Help others make well-informed, educated choices that power their career and business development from ordinary to extraordinary. As president of Tech Exec Partners, Inc., a corporate consulting and staffing firm, Dianne Gubin has accelerated thousands of career successes by opening doorways to life-changing opportunities.
Thu, April 26th, 2007 - 4:19 pm - By Gordon Basichis
We found this article on inc.com
Looking For Good Interns? It Helps to Plan Ahead
A weekly look at the latest products and services designed to help you run a better business.
By: Tamara Schweitzer
Summer internship season is quickly approaching, but does your business know how to pick the best recruits and make the most of your internship program? Z University, an internship resource site for students and employers, has created a DVD designed to help employers develop effective internship programs.”Blueprint for Internship Success” illustrates the nine critical building blocks of a successful internship program, according to Z University research. One section of the video offers tips to employers on how to use interns to increase productivity, including projects that interns can perform for almost any business. According to a recent five-year study on student productivity by the Internship Institute, supervisors can gain up to 225 full work days of productivity by understanding how to manage interns properly.The video advises employers to start planning ahead by establishing relationships with universities in order to boost interest in their company. It also discusses interview techniques, the use of self-assessments, how to manage resources, and how to provide students with guidance and structure during their internships.”It’s so much more rewarding to manage and mentor students and much more profitable to dramatically increase productivity and to develop and test drive potential employees,” Matthew Zinman, president and founder of Z University, said in a statement. The DVD is available for download at: www.zuniversity.org/blueprint.asp.Social Networking for StartupsRaising start-up capital just got easier thanks to RaiseCapital.com, a new online community where budding entrepreneurs can showcase their ideas and capital needs.The site works by connecting entrepreneurs and investors through online social networking, allowing anyone seeking start-up funds to pitch their ideas to potential investors through text descriptions, photos, and streaming videos. Investors can then sift through business ads and evaluate them, with contact information for those that catch their interest available on the site.
The service is free to investors, who are allowed an unlimited number of contacts. RaiseCapital’s technology also allows investors to track every contact they have made, search for opportunities by zip code, receive industry e-mail alerts, and even create a list of companies they want to watch.
“RaiseCapital.com is a win-win situation for everyone involved,” Richard Singer, CEO of RaiseCapital.com, said in a statement. “For less than the price of a daily latte, entrepreneurs get quality exposure to find the capital they need.”
Securing Digital Assets
ZyXEL Communications, an Anaheim, Calif.-based broadband-networking firm, has launched a new data protection and sharing application designed especially for small businesses, the company announced this week.
Among other features, the NSA-2400 allows the Microsoft Business Server to backup company data without downtime, and has a storage capacity of two terabytes of data, the company said.
“The NSA-2400 is an affordable way for small businesses to secure and share their digital assets and further validates our commitment to all-in-one and easy-to-use solutions,” Munira Brooks, vice president of sales and marking at ZyXEL, said in a statement.
Copyright © 2007 Mansueto Ventures LLC. All rights reserved.
Inc.com, 7 World Trade Center, New York, NY 10007-2195.
Summertime and the Interns are easy. You can find them by the dozen; if you are a halfway decent business and you can offer college credit for the work they do for you. Corra is thinking of getting a few as well.
But as this article shows, finding good interns can be tricky. There are a lot of lazy kids out there, anymore than there are a lot of lazy anything. For every kid who wants to actually learn something, there are probably a hundred who want to breeze through on the way between breakfast and bedtime.
Of course some of what young people are bad at is merely kid’s stuff. They’ll grow out of it. Or maybe they won’t. We all know at least a few folks who are gray and wrinkling but with the emotional values of an unhealthy fourteen year old. But Corra digresses.
If you are hiring interns, run background checks, the same way you would do it for your regular job candidates. Hopefully, the background checks will come back clear, but some of you may be surprised by what you find. So run a criminal check, at least, and if they are driving for you, Corra strongly urges you run a Motor Vehicle Report. It’s an ounce of prevention and makes good sense, lest you have a bad seed, known today as an emotionally challenged personality, stealing from you, harassing employees of the opposite sex, or otherwise messing up your work place.
Check them out before you hire.
Wed, April 25th, 2007 - 4:04 pm - By Gordon Basichis
We found this article on Inc.com
This Week’s Economic Roundup
Small-business owners less confident in economy; gas prices continue to rise.
By: Angus Loten
As gas prices rise and concerns about the economy grow, small-business owners are cutting back on expansion and job creation plans. Here’s a look at this week’s economic developments and how they may affect your business.Owner Confidence Down
A weaker outlook on the economy had fewer small-business owners planning to expand in March, the National Federation of Independent Business reported Monday.Based on a national survey of its 600,000 members, the group’s small-business optimism index fell 0.9 points last month to 97.3, below its benchmark level of 100. About a quarter of the group’s members typically respond to the monthly surveys.Six out of 10 components of the index were down in March, including plans to increase employment, current inventory satisfaction, and the outlook on the economy.Fewer owners than in the previous survey said they expect the economy to improve, while more were anticipating weaker sales, the survey found.Despite the downturn, the number of current job openings edged up.
“Overall, the outlook didn’t change much in March — no soaring economy, but not recession,” William Dunkelberg, the group’s chief economist, said in a statement.
CEOs More Optimistic
By contrast, the nation’s chief executives were more optimistic about the economy over the first quarter, the Conference Board reported Monday.In a survey of 100 business leaders nationwide, 24 percent said current business conditions were better or the same as the last quarter, while 37 percent said conditions in their specific markets improved, up from 23 percent in December, the New York-based private research group said.
The group’s quarterly CEO confidence index rose three points to 53, after hitting 50 in the closing months of 2006. “Business leaders do not expect conditions to worsen. But by the same token, they do not expect conditions to improve,” Lynn Franco, the group’s director of consumer research, said in a statement.
Meanwhile, employees were less confident in the job market, according to a separate report by Spherion on Monday. Out of 3,000 employees surveyed nationwide, just 17 percent said they felt the economy was gaining strength, down from 24 percent in February, the Fort Lauderdale, Fla.-based recruiting firm said.
While 63 percent said they were confident in the future of their current employer, only 24 percent said they believed more jobs were available, the survey found.
“While the economy still looks relatively healthy, recent concerns about continued growth, coupled with rising energy prices and stock market volatility has certainly affected workers’ viewpoint on the economy,” Spherion CEO Roy Krause said in a statement.
Gas Prices, Demand Rising
Gas prices climbed by 9.5 cents last week to 280.2 cents a gallon, the tenth consecutive week of increases, the Energy Information Administration reported Wednesday.Despite higher prices, demand has grown to an average 9.363 million barrels per day over the four weeks ending April 6, 2.5 percent above the same period last year and a record high for the month, the report said.
Jobless Claims Up
New claims for unemployment benefits surged by 19,000 to 342,000 last week, the sharpest gains in eight weeks, the Labor Department reported Thursday.The gains were largely due to seasonal adjustment problems associated with the Easter holiday weekend, analysts said.
The largest increases in new claims were in Oregon, Missouri, and Alabama, while the largest decreases were in Michigan, New York, and California, the report said.
Copyright © 2007 Mansueto Ventures LLC. All rights reserved.
Inc.com, 7 World Trade Center, New York, NY 10007-2195.
Corra has heard talk that small business owners are somewhat less sanguine about the economy. Or at least they are concerned in ways the economy pertains to them. Since small business is still a large driving force in this country, there is an impact when its owners take a wait and see attitude.
But if you are the one hiring right now, that may not necessarily be a bad thing. Their job freezes gives you a wider, deeper pool of potential job candidates. Someone’s hesitation is someone else’s opportunity.
Needless to say, or the facts being what they are it does need to be repeated. When hiring, have a preemployment screening program in place. Check out every candidate. Run a criminal background check, and a Social Security Trace, along with an Education verification check. If they drive for you in any way, then be sure to run an Motor Vehicle Records (MVR) Report.
It’s important. You will find out if they are who they say they are. You will be wise and save money in the long run. As Corra says, check them out before you hire.
Tue, April 24th, 2007 - 2:40 pm - By Gordon Basichis
Shaping Tomorrow’s Leaders
A strong, consistent mentoring program can help you develop strong leaders in-house and show that your company is committed to its employees.
Shaping a mentor program begins with a look internally. It’s imperative you understand why employees stay and discover where gaps exist. Follow this with a step by step approach to get your mentoring program up and running.
Mentoring Defined
Mentoring takes on different definitions and occurs in a wide variety of settings. Mentoring can be defined as:
- One-on-one coaching, both with formal or informal sessions
- An independent objective source of counsel and advice
- A source for honest and candid feedback
- Go-to people for a different set of insights
- A source for personal accountability
- A source of positive role models
- Keeping employees engaged
- Subject matter experts who share knowledge/experiences with others
Next, turn your definition into a clear mission statement. An example might be: “Keep employees engaged with the Company by supporting the Company’s talent development process. Act as positive role models.”
Role of a Mentor
With your mission defined, you’ll need to further define the role a mentor plays in your company. The role that a mentor plays is dependent on the mentor and each mentee. Employees have different needs and requirements. Therefore, mentors may need to:
Inspire Challenge Direct Coach Be an effective ally Be a catalyst for action Stimulate Ask appropriate questions Help others discover Support Listen Guide Be a friend Advise Counsel Train Hold others accountable Areas Where Mentoring Impacts Your Business
There are key areas where mentors will impact your business. These include executing strategies for your company (achieving specific goals), assisting others with change initiatives, helping others to influence your business positively, developing talent for your company (including hiring the right talent), and building personal effectiveness in others. The challenge you face is to winnow the list down or have certain mentors focus on one area. Any mentoring program should begin in the most critical area. Remain focused before moving on or adding to the mix.
Potential Areas for Mentoring
Mentors can assist in employee growth in any area of your company. Below is only a partial list of potential departments and subject matter areas. Understand the skill set of each mentor, their expertise, and even the time commitment mentoring requires.
Departments Sales Operations Finance/Accounting Legal Purchasing Contracts IT/IS Administration Human Resources
Subject Matter Goal setting/goal achievement Improving communications Improving work relationships Conflict management Candidate selection Situational leadership Career counseling Career paths Time management Team building Hard skill development Keys to Success
Choose your mentors carefully. Mentors come from any part of your company. Mentors should not only be senior managers or executives. Mentors can be subject matter experts, middle managers and employees who are rising stars.
Tailor mentoring to each person. Mentors should work one-on-one with employees. Mentoring is not conducting a training class; it’s personalized to each employee. Bear in mind that mentoring doesn’t have a specific end date; time frames are driven by the needs of the mentee.
Keep mentoring focused. Mentors should confine meetings to a specific set of needs. Failure increases the more mentors or mentees try to “jam” too much into single meetings. And set boundaries around the amount of time for each meeting. Some meetings may be as short as five minutes or as long as an hour or more.
Each meeting must be outcome based, so set agendas. Employees, managers, and executives are all busy and without a set agenda with specific and measurable outcomes, the likelihood of success is diminished.
Accountability is another measure. Determine exactly where accountability lies, as both the mentor and mentee are accountable to differing degrees. It’s your call.
Follow up is a must. Change requires time and repetition. This is why follow up is crucial. Recall your days in school; it was called “homework.” Homework was checked and new assignments were given. The same holds true with mentoring; follow up will demonstrate growth/change or uncover other issues that need to be addressed.
Implementing a Mentor Program
It may be as simple as starting with one mentor and training that person. Or you may choose to gather a group together for a group orientation. Train the trainer or mentor the mentor is the basis on which to build your program. Build your own or choose an outside firm to assist in the development of a program tailored to you!
Also, don’t overlook the commitment required from the mentees. Any program you design without commitment from each participant is doomed. Mentees are always responsible for their growth and development. Keep the accountability on their shoulders. And keep this program voluntary.
Finally, don’t forget to monitor the program. Examine and review successes and shortcomings. And be open to changes that will enhance your program.
Corra believes not everyone can mentor properly, anymore than not everyone can be mentored. Some people do well when they are taken under someone’s wing, and some…well…they don’t fare so well. Sometimes there are a few pleasant surprises. Sometimes there are disappointments. But for the most part a good mentoring program works in favor of any business.
Think of it as a farm club, a minor league feeder to a major league baseball team. The young and rough cut talent is cultivated and then brought up to the big leagues where they become an asset for the entire franchise.
A good mentoring program means an allocation of time and money. Before you go to that expense you should run a preemployment or even an employment screening series on the mentoring candidate. Corra suggests a criminal background check and an education verification, as well as an employment verification. If the candidate or employee is driving for any business related reasons, then an MVR Report should be included in your program.
Background searches and small expense to pay for all the trouble you may be avoiding. So before you invest serious time and money, check them out before you hire.
Mon, April 23rd, 2007 - 3:18 pm - By Gordon Basichis
We saw this in the New York Times.
U.S. Database Exposes Social Security Numbers
WASHINGTON — The Social Security numbers of tens of thousands of people who received loans or other financial assistance from two Agriculture Department programs were disclosed for years in a publicly available database, raising concerns about identity theft and other privacy violations.Officials at the Agriculture Department and the Census Bureau, which maintains the database, were evidently unaware that the Social Security numbers were accessible in the database until they were notified last week by a farmer from Illinois, who stumbled across the database on the Internet.
“I was bored, and typed the name of my farm into Google to see what was out there,†said Marsha Bergmeier, president of Mohr Family Farms in Fairmount, Ill.
The first link that appeared in the search results was for her farm’s Web site. The second was for a site that she had never heard of, FedSpending.org, which provides a searchable database of federal government expenditures. The site uses information from the Census database.
Ms. Bergmeier said she was able to identify almost 30,000 records in the database that contained Social Security numbers.
“I was stunned,†she said. “The numbers were right there in plain view in this database that anyone can access.â€
While there was no evidence to indicate whether anyone had in fact used the information improperly, officials at the Agriculture Department and the Census Bureau removed the Social Security numbers from the Census Web site last week.
Officials at the Agriculture Department said Social Security numbers were included in the public database because doing so was the common practice years ago when the database was first created, before online identity theft was as well-known a threat as it is today.
Department officials said that more recently, when government agencies began to review public databases to remove sensitive personal information like Social Security numbers, they failed to notice that the numbers were being used in this database.
Terri Teuber, a department spokeswoman, said the agency was notifying people whose Social Security numbers were disclosed on the site. She said the agency was also planning to contract with a company to monitor the credit reports of all the affected individuals, at an estimated cost of about $4 million.
“We took swift action when this was brought to our attention, and took the information down,†Ms. Teuber said. “We want to make sure that it doesn’t exist on any publicly available Web site.â€
The Agriculture Department said that its review of the database shows that between 100,000 and 150,000 people could be at risk.
A spokeswoman for the Census Bureau referred all calls about the database to the Office of Management and Budget.
Privacy advocates say the actions by the agencies may not be enough. The database is more than two decades old, and is used by many federal and state agencies, by researchers, by journalists and by other private citizens to track government spending. Thousands of copies of the database exist.
Marc Rotenberg, Executive Director of the Electronic Privacy Information Center, a privacy rights group, said the improper disclosures of Social Security numbers could violate the Federal Privacy Act, which restricts the release of personal information.
“Federal agencies are under strict obligations to limit the use of Social Security numbers as an identifier,†said Mr. Rotenberg, “It doesn’t look like that’s what happened in this case.â€
FedSpending.org is owned by a nonprofit group called OMB Watch, which monitors the White House’s Office of Management and Budget.
The group created the site last year to provide public access to government contracts and grants in a searchable database. Users can search the information by company or by individual names to see who receives federal money.
OMB Watch said it was taking the data off its website while the federal government corrects the problem with the revealed Social Security numbers. Gary Bass, executive director of OMB Watch, said the government’s use of Social Security numbers in the database was “deplorable.â€
“It is most unfortunate that at least one agency has been inserting personally identifiable information into this database for a number of years,†Mr. Bass said. “I’m amazed that, all these years, no one at the Department of Agriculture noticed that they were putting Social Security numbers into a public database.â€
Mr. Bass said the database is a valuable tool for government transparency and public disclosure, and that he hopes federal officials can continue to make the information available in a useful form while still protecting privacy.
The Census database disclosure is the latest in a string of embarrassing data-security breaches at federal agencies in the last few years. Last year, hackers illegally accessed an Agriculture Departmentdatabase containing the names, Social Security numbers and photos of current and former agency employees.
The Department of Energy, the Navy, the Department of Veterans Affairs, the Social Security Administration and the Internal Revenue Service also suffered data breaches last year in which personal information was lost or stolen.
Fri, April 20th, 2007 - 2:14 pm - By Gordon Basichis
We found this on Inc.com
And One Way to Do Without
This international sales team is deskless and happy.
By: Stephanie Clifford
International offices demand pricey upkeep. Ambitious salespeople resent wasting time in offices. So why have offices at all? Christopher Ahlberg couldn’t see the logic. But neither was he enamored of relying solely on his network of distributors. Ahlberg’s company, Spotfire, produces sophisticated business analytics software that requires a dedicated sales force. His solution: Recruit reps in key markets who don’t need–or even want–offices to nest in.The Boston-area company has thus built a sales force of more than 45 people arrayed across 11 countries. For example, Steven Naarding manages some of Spotfire’s reps and accounts in Europe and the Middle East. He travels constantly but, when not on the road, he works from his home in the Netherlands. There, he exults, he faces none of “the typical distractions of a chat in the corridor” that can sap a rep’s productivity.
What prevents Spotfire from coming undone by this diffuseness is technology. In addition to Skype (NASDAQ:EBAY) phones and WebEx (NASDAQ:WEBX) videoconferencing software, Spotfire’s intranet–which far-flung employees access from home–allows sales staff to share information about the disparate operations of a single large customer. Someone covering GlaxoSmithKline (NYSE:GSK) in Philadelphia, for example, knows what’s going on in Tokyo.
When customers bring Spotfire into new markets, the company lines up local talent, often interviewing candidates at the airport. The Swedish-born Ahlberg looks for people who “like to work with customers and like the action of the field.
“And we prefer to see them out there, too,” he adds. Today, 40 percent of Spotfire’s revenue comes from international operations.
Copyright © 2007 Mansueto Ventures LLC. All rights reserved.
Inc.com, 7 World Trade Center, New York, NY 10007-2195.
Corra thinks virtual sales teams can be a good idea. Corra realizes employees can goof off enough in the office environment, yet alone when they are working remotely. Let’s face it, you don’t want to be paid for people who aren’t working. You certainly don’t want to be paying untrustworthy employees who are peddling your sensitive information to the highest bidder.
So check them out. Thoroughly. Make sure you run a criminal background check, a credit check, a social security trace and an MVR Report on your sales people. These searches when combined will tell you more than the searches individually. You will able to see behavior patterns that may be personal but can certainly have a negative effect on an employees professional performance.
Don’t mess around with it. As Corra says, check them out before you hire.
Wed, April 18th, 2007 - 3:41 pm - By Gordon Basichis
We saw this article int he Los Angeles Times.
Tips for preventing ID theft
You didn’t get just low prices at T.J. Maxx and Marshalls, you also had a good chance of getting your credit card information and other personal data stolen.You can hardly live without credit and debit cards these days, but there are steps that can be taken to ward off the perils of identity theft, privacy experts say, even if caused by a giant information leak from some remote, windowless computer center.The stakes are high. Nationally, fraud losses to existing credit and debit card accounts totaled $20 billion last year, according to Javelin Strategy & Research.In the latest major breach, TJX Cos., the parent of T.J. Maxx and Marshalls, has said that at least 45.7 million credit and debit card numbers — a record — were stolen from its computers in 2005 and 2006.For shoppers, the first step in protecting personal data has to do with the answer to the perennial supermarket checkout question, “Credit or debit?”"We tell people to stop using debit cards for shopping,” said Beth Givens, director of the nonprofit Privacy Rights Clearinghouse in San Diego. “If you are a victim of someone who uses your debit card data, the money comes immediately out of your bank account.”That’s what happened to Marilyn Key of Pasadena when she was on vacation in Europe.
“I usually use my credit card,” she said. “I just use my debit card for little things.”
One of those times was at a small market on her trip. “I only found out that the information on the card had been stolen when I had no money left in my account,” Key said.
In all, $4,000 was stolen. She eventually got it all back from the card issuer.
But in some cases, that can take weeks.
“We have heard of cases when the bank says it has to investigate the loss,” Givens said. “The victim might be left broke while that’s taking place.”
That doesn’t happen with credit cards because purchases initially are funded by the card issuer. As a result, the victim usually doesn’t pay out the money before noticing the loss.
Another problem with debit cards is that the laws governing them in case of theft are less protective than for credit cards. The rules are especially tough on procrastinators.
The debit card holder is responsible for losses of as much as $50 if the financial institution is notified of the theft within two days of it being discovered. After that, the user is responsible for losses of as much as $500.
And if the theft isn’t reported within 60 days, the debit card holder is legally responsible for all losses after that period.
In contrast, the maximum loss that the victim of a credit card theft will suffer is $50, as long as the loss is reported within 60 days.
In some cases, a thief can gain access to more than credit card numbers. This could be the case with laptop computers recently stolen from Los Angeles County offices. This week, 244,000 people in the child support system were notified that personal data, including Social Security numbers, could have been exposed.
That information can be used to create new accounts in a victim’s name.
This crime — which was responsible for nearly $18 billion in losses last year, according to Javelin — is particularly insidious because the victim might not even know that the fraudulent accounts have been created.
The first indication often doesn’t come until collection agencies start calling to demand payment for items the victim has never heard of.
California was a pioneer in allowing a resident to freeze access to credit reports, thus dramatically curbing the unauthorized creation of new accounts.
The first-of-its-kind law, which went into effect in 2003, directs that for $30, an individual can bar the three major credit bureaus from giving out any credit history information. It’s unlikely any bank, card issuer or lending institution will open an account without that data.
It can be awkward, however, when the person who put the chill on the reports has a legitimate reason for that information to be shared — say for buying a car, applying for a mortgage or getting a new credit card. Then it costs as much as $30 to temporarily make the credit data available.
Key’s main defense against ID thieves was to use her credit card only for purchases.
That’s what she was doing Thursday afternoon when shopping at T.J Maxx in La Cañada. Leaving the store with several bags, Key, 55, said it didn’t bother her to be patronizing one of the retailers at the center of the latest breach of personal data.
“I doubt,” she said, “I would stop shopping here.”
Aroug Hart, 54, of Glendale, also wasn’t too worried as she shopped at the same store.
“These days anyone can steal your information,” said Hart, who is a professional skin-care specialist. “It’s more convenient to give a card.”
david.colker@latimes.comalana.semuels@latimes.com*(INFOBOX BELOW)Warding off theftFighting ID fraud• Carry only the credit, debit and identification cards that you use regularly.
• Don’t carry your Social Security number.
• Replace paper invoices, statements and checks with electronic versions.
• Protect accounts with personal ID numbers and passwords that are difficult to guess.
• Never give personal information unless you initiated the contact.
Freezing your credit report
Send a letter and $10 to each of the three credit bureaus. If you are a victim of identity theft, the freeze is free; include a copy of the police report instead of payment.
• Equifax: Send a letter by certified mail to Equifax Security Freeze, P.O. Box 105788, Atlanta, GA 30348. Include full name, current and former addresses, Social Security number and birth date. You may pay by check, money order or credit card.
• Experian: Send a letter by certified mail to Experian Security Freeze, P.O. Box 9554, Allen, TX 75013. Include full name, addresses for the last five years, Social Security number and birth date. Also send two proofs of residence. Pay by check, money order or credit card.
• Trans Union: Send a letter (need not be certified) to Trans Union Security Freeze, P.O. Box 6790, Fullerton, CA 92834-6790. Include full name, addresses for the last five years, Social Security number and birth date. Pay by credit card only.
Sources: Javelin Strategy & Research, California Department of Consumer Affairs
If you are a business where your workers are victimized by identity thieves posing as workers, in other words an inside job, then you could lose valuable, but disgruntled employees. Worse, perhaps, you could be subject to litigation. Worse, still, your business could be subject to database theft and the theft of your valuable proprietary information. In short, identityt thieves can eat up your workers and your business from the inside out.So do yourself a favor and create a comprehensive preemployment screening program. Be sure to run criminal background reports, credit reports and sometimes even civil background checks to see if anyone is chasing them for money.Be smart. Be cost effective. Check them out before you hire.
Tue, April 17th, 2007 - 3:08 pm - By Gordon Basichis
We saw this article on Inc. com
Six Steps to Building an Effective Board
by: Bruce R. Evans
A properly functioning board can be a powerful force for your company’s success. When a board is working effectively, its members will offer you unbiased advice on a variety of topics, including strategic partnerships, financings, acquisitions, and key hires. Moreover, they will ensure sound governance by insisting on proper oversight, audit, and human resources procedures. A board in disarray, on the other hand, can be a distraction, causing missed opportunities and creating liabilities for your company. The value of a good board cannot be underestimated, while a bad board may be worse than none at all.
Middle-market companies that are forming a board for the first time face additional challenges. Since founders may own all or most of the company, they are often accustomed to having the final say on key decisions. In the past, these entrepreneurs may have relied on handpicked insiders for advice. Now they may be reluctant to form a board for fear of giving up control to outsiders. Others simply do not want to take time away from running their existing business to build a new one.
In my view, however, nearly all companies can benefit from the involvement of qualified independent directors–and sooner rather than later. Although advice from insiders can be valuable, it often reflects a narrow perspective–one company, one industry, as well as one set of issues and challenges. Your employees, friends, and family members are more apt to tell you what you want to hear, while an outside board can broaden the range of experiences and skills to tap and provide more objective advice.
How can you ensure that your board functions efficiently? Based on my experience, here are six steps to building an effective, independent board:
#1: Find the expertise you are missing. Outside directors can bring in experience that your team lacks. For example, if your company is about to embark on an aggressive acquisitions strategy, you might want to select someone with significant merger-and- acquisition experience. If you are thinking about expanding internationally, you may want to consider a person with overseas experience. CEOs of companies that are similar to–but not directly competitive with–your company can offer insight into broader industry trends, especially if these executives are a bit further along in their growth trajectory.
#2: Look for board experience. People who have served on boards can hit the ground running, because they already understand the critical issues of audit, compliance, finance, and strategy, as well as other dynamics that can affect board performance. For this reason, current or former CEOs make ideal board candidates. Since they have prior board experience, the learning curve is relatively short and easy.
#3: Do not overlook non-CEO candidates. CFOs, COOs, directors of development, and directors of sales–especially if they work at significantly larger companies–can bring valuable experience to your board. Because these types of executives frequently want board experience, they may be willing to serve on much smaller company boards than a CEO would consider.
#4: Keep your board size manageable. Small, focused boards are generally preferable to larger ones, especially for midsize companies. I usually recommend that companies start with five board members, and then perhaps expand to seven over time. Larger companies may function well with nine directors or even more; in general, however, managing more directors will require a greater investment of your time. Regardless of the number, make sure that you have an odd number of board members to avoid deadlocks, as well as several directors who are clearly independent.
#5: Choose people who can participate fully. The people on your board must be able to dedicate significant time to your company–not just for scheduled meetings, but also on an ad-hoc basis when time-sensitive challenges arise. For that reason, I like to find board members who are in close proximity to the company. The benefit is that when issues surface, you can meet them face-to-face. For these same reasons, do not select people who serve on so many boards that they will not be available when you need them.
#6: Divide your board into focused committees. Boards work on a broad range of issues, including compensation, audit, transactions, capital expenditures, financings, overall business strategy, key personnel decisions, lawsuits, and other problems that arise. You can increase your board’s effectiveness by forming focused committees in critical areas. Generally, I recommend that boards immediately form compensation and audit committees, and then establish governance, acquisition, and other committees as the company grows. Make sure you choose the right people to head your most critical committees–a board member with accounting and/or financial expertise to run the audit committee, and an independent director to run the compensation committee.
Six Steps to Building an Effective Board
by: Bruce R. Evans
A diverse, experienced board can play a crucial role in the success of your business, offering outside experience and perspective that can help you avoid problems and take advantage of opportunities. Choose your board wisely, and it can help guide your company to substantial growth.
Bruce R. Evans is a Managing Partner in Summit’s Boston office. He has served on more than 25 boards, including 10 public company boards. His investments include Hittite Microwave Corporation, optionsXpress Holdings, Pediatrix Medical Group, and Unica Corporation.
Corra thinks these are great tips in this article. A board can make you or render serious damage, and far too often people rush to judgment when choosing its members. To some degree, you are getting married, when you choose a board. Your business is your prodigal son, or daughter.
Corra recommends a comprehensive background check on all your board members. The comprehensive search will list other business affiliations, bankruptcies, liens and judgments, property ownership and a plethora of additional information. This is a great search also for partnerships and business joint ventures. You will see with this search what you may be inheriting and attaching to your business.
We suggest also a criminal background check and a federal criminal check to search specifically for white collar crimes. It’s your board, don’t take chances.
Check them out before you hire.