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3 Best Tips for Rewarding Employees

Issa Asad Employee RewardsEmployees are cogs in the wheels that move a business. They are there to act on different roles – some being the face of the company, while others are behind the scenes. Without them, you will be building a house of cards. Most of the Fortune 500 companies value their employees so much that they make a point to appreciate them in every chance they get.

“It makes everyone on your team feel recognized, and fuels everyone’s passion,” exclaimed Issa Asad Florida businessman. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings in South Florida. “In turn, the wheels will have been oiled and will move forward with so much more surprising ease.”

Here are the 3 best tips for rewarding employees.

1. Act Fast

When someone does something praiseworthy, don’t sit on the praises for far too long. They may lose the connection between the behavior being recognized and the reward that followed. The great news is that you do not have to give such an expensive present to the individual in question. Something like a shopping gift card or a paid day off will be more than enough to reward their outstanding performance.

The problem with waiting for too long before rewarding an employee for their dedication is that they may do so much more in between, which could go unnoticed. The individual may also forget exactly what they did to warrant such recognition, given that work is dynamic. The earlier you can get to them, the better.

2. Be Sincere and Personal

The best managers always aim to build a solid relationship with the people responsible for moving the business forward – the employees. Trust is a valuable commodity within the organization. If you can get the workforce’s trust, you (and your firm) will be such a force to reckon with.

For this reason, it is imperative that you recognize the top performers publicly, in full view of the peers. Complement them with an heartfelt message that won’t come off as something meant to manipulate them. People can see through cheap and insincere flattery, so you have to avoid that.

Being personal means that you should be there in person with the “recipient” of the recognition when conveying praise. If you cannot make it to the venue, simply schedule a Skype session or a Hangout that will make you engage with them in person.

3. Get to the Point

To succeed in using rewards as a form of employee motivation, always seek to make a connection between the action being rewarded and the reward itself. If you generalize, you may end up sending an entirely wrong message – something along the line of favoritism.

Get to the point – tell them that they did such a good job by going above and beyond what they usually do. State how their behavior was perfect for the occasion and how the company benefited.

Employees play one of the most important parts in determining whether you’ll be a success story or not. Rewarding their excellent performance is one of the best ways of getting even more excellent results in future. Motivation is one of those simple things that you can do regularly to get fantastic output from your team.

3 Ways to Increase Employee Retention

Employee Retention Issa AsadThe value of manpower in any organization cannot be underestimated. Human Resources is perhaps the most crucial resource of all in any organization. As such, an organization should be dedicated to the well-being of each and every employee.

“As a CEO of a company, you would want a situation where high employee turnover is the order of the day,” exclaimed Issa Asad Florida entrepreneur, businessman, and CEO of 2 companies located in South Florida (including Quadrant Holdings and Q Link Wireless).

Poor employee relations and high turnover may ruin the image of the company. Besides, the time and money spent in regular replacement of employees can be quite significant. For these simple reasons, employee retention should be paramount in any organization. Here are 3 ways to increase employee retention.

1. A Thorough Recruitment Process

Carrying out an effective recruitment process helps you get the right person for the job. This is because you are able to select the most qualified individual among the brood. Failure to carry out a thorough process leads to sub-optimal selections hence poor performance. Choosing the right person for the job means that the candidate selected will be comfortable and contented with his or her job and hence no need to leave or the quit the job. In the long run, the employee turnover rate will significantly reduce.

2. Benefits, Welfare, and Opportunities

The main reason most employees quit their current jobs for other jobs is the promise of a better pay and greater opportunities. As a firm, offering your employees welfare benefits and career development opportunities will not only motivate them but will also keep them around. The benefits and opportunities do not have to be very costly. Depending on your budget and capital base, you can offer varying welfare benefits and sure enough this will motivate the employees to work even harder. Simply put, it is the gesture that matters when it comes to such things.

3. Include Employees with Decisions

Employee inclusion in the management processes creates a sense of belonging and ownership to every employee. Management by Objectives is one way that a firm can exploit in the inclusion of employees in the management process. By doing so, every employee will be aware of the role that each one of them has to play towards the achievement of the organizational goals. The duties and responsibilities of each individual are well explained and understood. Having this inclusion of the employees, creates a good working relationship between the employees and the management. Team spirit is created, and the working environment is made much more comfortable for everyone. Having such a working environment will undoubtedly reduce employee turnover.

Increasing employee retention does not have to be that hard. The secret to this query is understanding what employees want. The key thing is keeping them motivated and focused towards the attainment of organizational goals. A change in the firm’s policies and strategies towards employee motivation may be all it takes to keep your employees around. The above tips can be very beneficial in setting up the right policies and creating a super working relationship between you and your employees.

Your Employees Should Have These 3 Qualities

Employee Qualities Issa AsadStarting a business is easy as long as you get the capital and a plan. But the most important aspect is to sustain it for the future. Employees form an integral part to the success of your business. They carry out the day to day activities thus they literally keep the company moving forward. “Hiring employees with appropriate attributes plays a big role to the future success of your firm,” said Issa Asad Florida entrepreneur and CEO of 2 companies located in South Florida (Q Link Wireless and Quadrant Holdings).

Credible source credit 75% of startup business failures to hiring incompetent and unsuitable workers. This should send a signal to you whenever you advertise for a vacancy because bringing in someone with the wrong attitude and work ethics will kill your company. If you are looking to keep your business profitable for the foreseeable future, your employees should have these 3 qualities:

1. Being Passionate for the Job

You started your business not only to make money but because it is something you are passionate about. This passion keeps you doing the best each other day. You need employees who are equally passionate about what they do. Employees who love what they do will not be pushed to perform a task. They even go out of their way to do things which are not in their job description. Having a team of a passionate workforce will get things done efficiently and effectively. Passion drives your workforce against all the daily business challenges.

2. Team Players

Greater things are achieved when done in unison. As much as you need individual initiatives, you also need workers who can perform in groups. With the spirit of teamwork, there is nothing that will stall your company. It is good to look for people who will able to fit in all situations since you need them at their best when performing collective tasks. When hiring new employees, it is advisable that you first look at the workforce already in place so as to bring on someone who will be able to add value on to it. It helps to appreciate the fact that each one of your team members is not perfect but when the various capabilities are brought together then you have a holistic bond to face every future challenge.

3. Humble Employees

It helps your business when there is a clear chain of authority. Employees have to respect those in charge and the same goes to the managers. Having a workforce driven by humility is the best thing that can ever happen to your business. Ego is only good to some extent but not to the level of undermining others. Humble employees will acknowledge whenever they make a mistake and will do whatever it takes to redeem a bad situation. They will be honest enough to let you know things they do not know. Humility creates the openness to learn new things and this is something you need for your business to grow. So before you hire that person you think is qualified; it is recommendable you run a background check on past employment to ensure that you are not bringing in someone who will defy your business values.

Issa Asad’s 3 Tips for Buying a Business

Issa Asad buying a businessEntrepreneurs have a task of starting and running a business, thus buying a business is a form of unique investment: getting into an existing business rather than starting up a new one. This form of investment is assumed to be a franchise, which is almost as significant.

Issa Asad Florida based entrepreneur, businessman, and social media expert since 1996 says there are specific things you must do in order to purchase a business. Mr. Asad is the CEO of Quadrant Holdings and Q Link Wireless, located in South Florida.

Here are Issa Asad’s 3 Tips for Buying a Business

1. It Takes Time

Building up into this kind of business attracts different, unique challenges, therefore there are a few considerations to be observed. This buying process will take a longer period since negotiations have to be done, putting into considerations the big question of why they want to sell. This company might have had a bad reputation and soured customer relations, thus one will need to review company’s books of accounts and find its executive summary. Though none of these would reveal the whole picture, it would help. By starting your own company, you only need to fill up some legal paperwork and apply for permits and licensing and you are good to go.

2. Understand the Business Niche

The buyer needs to shadow as a current owner for a while to familiarize with the company to be bought and learn its operations and point out what needs to be changed after gaining full ownership. For instance, when the prospective buyer finds out that they are overstaffed, it makes much sense to downsize and save on extra wages. Thereafter, the buyer needs to think through and make the right decisions on the big sale.

Buyers at times feel like imposters; the feeling that you do not deserve the success that’s coming your way for it feels like a fraud. This feeling can be technically inflamed by buying a business. These negative thoughts must be fought by recognizing the changes one needs to make to better the company’s operations. When buying someone else’s creation, one has to be comfortable, as you will possess and run it your own way. Owning a business comes with commitment in terms of time, money and the knowledge of what to expect throughout the process. These would make the whole process easier for the entrepreneur.

3. Do Your Research

It is vital to do a research when it comes to buying a business because an existing business has a lot more than a name and branding: clients’ lists, trained staff, goodwill, branding equipment, thus assumed to be cost friendly compared to starting up your own business, which is never the case. This should therefore take lesser time to start realizing profits, which is not the case at times. Therefore, it is advisable to do research before buying a business.

So, when buying a business one has to plan early enough to start the buying process, as it is involving, with intense procedures. Avoiding negative feeling eases the whole entrepreneurial journey, hence a feeling of content and ownership arises. Having a clear plan on changes to be made will help in shaping and reorganizing the company to the business you want it to be. Before settling for a good business you want to buy, it is wise to initiate a research to find out whether it would be cost effective to invest your money into buying the business as opposed to starting up your own.