Welcome back to another episode with Ron Fiedler from Podcast City Radio and Dr Tony Aitchison from Paradelta Strategy

Dr. Tony, talk to us today about the difficult decision to let employees go.

As a CEO or business leader, you often find yourself in a lonely position, unable to have open conversations with others in the organization about sensitive matters.

One such matter is the decision to let employees go, whether it's due to poor performance or a lack of available positions. This can be an emotional issue, especially if the employee is well-liked within the company.

It's important to recognize that letting employees go is sometimes necessary for the growth and success of the business. However, it can be challenging to determine when it's time to make that decision.

Dr. Tony talks about when we know it's time to let someone go.

There are several negative factors to consider when making this decision. poor performance is a clear indicator that it may be time to let an employee go. Additionally, if there is no longer a job available for the employee, it's important to make the tough decision to let them go.

However, it's also crucial to consider the impact of this decision on the rest of the organization. If the employee is well-liked and their departure may cause unrest among the remaining staff, it's important to handle the situation delicately and with transparency.

In some cases, it may be necessary to let go of an employee who has been with the company for a long time, even if they are considered part of the "furniture." This can be a difficult decision, but it's important to prioritize the overall health and growth of the business.

The decision to let employees go is never an easy one. However, by considering the factors mentioned by Dr Tony Aitchison in this episode, business leaders can make informed decisions that prioritize the success and growth of their organizations.

Remember, if you need assistance with these difficult decisions or other aspects of business growth, Dr Tony can be reached at 0408 697 626 or [email protected].

In this episode, Dr Tony Aitichson from Paradelta Strategy talks to Ron Fiedler from Podcast City Radio about the importance of preparation when it comes to interviewing candidates for a job.

Dr Tony outlines the importance of being prepared, noting that it is respectful to know who you are interviewing and that it is important to remember that the interview is a two-way street and the candidate may not want to work with the company if there is any display of disrespect.

Additionally, people now care about the kind of company they work for, so it is important to show respect even if the job is the best on the market. In this conversation, Ron and Dr Tony discuss the importance of researching a potential candidate prior to an interview.

They discuss how to go about this research and ways to use the Internet to find out more about a candidate.

Specifically, they suggest looking at the candidate's LinkedIn profile, conducting a Google search for the candidate, and seeing what kind of presence the candidate has on the Internet.

They also suggest that for executive-level positions, having no presence on the Internet can be a red flag and should be taken into consideration when assessing a candidate.

Ultimately, research and preparation are key to finding the best candidate for the job. The episode discussed the importance of properly preparing for an interview, such as making sure that the HR team is well-informed on the position and requirements before conducting initial interviews.

It was suggested that in order to avoid wasting time, the interviewer should pay attention to the candidate's body language, tone of voice, use of I versus we statements, and whether they are using too many keywords without demonstrating real knowledge.

Additionally, it was suggested that psychological tests such as Myers Briggs should not be relied upon, as people are often fluid in their behaviour and the test is outdated, instead, the interviewer should focus on body language, tone of voice, and use of I versus we statements. In this conversation, Dr. Tony Atison from Parrot Delta Strategy and the interviewer discussed the different strategies to evaluate potential candidates during the hiring process. Dr. Tony suggested that the best way to evaluate a candidate is to gauge their tone of voice, their I and we mentality, and how they treat other staff members.

Dr Tony also discussed the pros and cons of group interviews versus individual interviews, stressing that individual interviews are better for roles that are not sales-related.

Finally, Dr Tony suggested that employers can have video conferencing interviews and record them for further evaluation.

Timestamps

0:00:02

"Interview Tactics: Preparing for a Successful Interview"

0:02:05

Interview Preparation: Researching Candidates Before an Interview

0:04:23

Interview Preparation: Tips for Asking the Right Questions and Looking for Signs

0:10:08

Interviewing Strategies: Group vs. Individual Interviews and the Benefits of Video Conferencing

0:15:51

"Evaluating Potential Candidates: Tips for Interviewing and Checking References"

0:17:58

Heading: Re-Interviewing Candidates: Should We Keep Previous Candidates on File?

0:19:24

Interview with Dr Tony Hison on Recruiting and Hiring Strategies

03-05-2023

Dr Tony Aitchison is a business growth strategist from Paradelta Strategy. He advises businesses on how to take their operations to the next level. Dr Tony was on the line with Podcast City radio to discuss how to find new staff for businesses.

He explained that business owners often make the mistake of believing that they are the only ones who can do the job well.

However, it is essential to delegate responsibility to others in order to reduce stress and workload.

When looking for new staff, the focus should be on finding people who can provide benefits to the business and who can lighten the workload.

This will help to create a more successful and efficient business in the long run. This conversation is about the importance and benefits of hiring new staff members for businesses, large and small.

Dr Tony explains that hiring new staff members can relieve the stress of other employees, increase employee morale and bring in new ideas and increase skill force to the business.

Furthermore, it can also create new capacity for new work and grow the business’s revenue.

Dr Tony also advises that businesses should first consider the architectural structure and type of staff members needed before hiring.

This would help ensure that the new staff member is the right fit for the company and can assist in growing the business rather than becoming a burden or a cost.

The conversation is about the importance of getting new staff members in a business and how the landscape of getting employees or finding a job has changed.

Dr Tony notes that new staff members bring in fresh energy, advice, and ideas and can offer advice to their employers.

They also bring new processes from their previous employers and can help the business grow stronger.

When looking for new staff members 20 years ago people would have advertised in the newspaper, but now with technology and the internet, the landscape of getting employees or finding a job has changed significantly.

In Australia, the most popular way to find new employees is through the website Seek, where employers can sift through CVs submitted by potential applicants. Another option is to use a recruiter, although this can be a gamble as they may have a predetermined agenda.

The more recent method is using LinkedIn, where employers can advertise job postings and use the platform's search engine to find people with the right skill set. However, this system can be overloaded with applications due to automation.

Ultimately, the best way to find the right employee is up to the employer.

Timestamps

0:00:02

"Business Growth Strategies with Dr Tony Aitchison: Finding New Staff to Relieve Stress and Enable Growth"

0:02:39

Conversation on the Benefits of Hiring New Staff for Business Growth

0:08:07

Exploring Different Methods of Recruiting Employees in Australia

0:10:15

Exploring Different Ways to Recruit Employees

0:12:31

"The Pros and Cons of Using a Recruitment Agency for Hiring"

0:15:58

Conversation on Recruitment and Retention of Employees

0:20:28

Conversation on Red Flags to Look Out for in Job Interviews

26-04-2023

Dr Tony Aitchison is a business growth strategist from Paradelta Strategy.

In this episode, Dr Tony discussed with Ron Fiedler from Podcast City Radio how board games can teach us essential business lessons.

Board games can be a great teaching tool as they involve multiple players, rules and the ultimate goal of winning.

Board games can be used to teach problem-solving, collaboration, strategic thinking, prioritization and communication.

Dr Tony believes board games are a great way to practice and hone these skills and can be a fun and engaging way to learn. The episode discusses how board games can be used as an effective teaching tool to help strategize and compete with opponents.

This strategy can be applied to the real world, with rules that everyone must abide by such as moral, legal and tax obligations.

Examples of board games that teach strategy are rock, paper, scissors, chess and Monopoly. The conversation also highlights how Monopoly can be disliked as it usually results in one person losing a lot of money while the other person wins a lot.

Board games are an effective way to teach and strategize in order to come out on top.

Ron and Dr Tony talk about game theory and how it can be applied to business.

They discussed how game theory is cause and effect and how it can be used to map out decisions.

Chess was discussed as an example, as it requires players to think multiple steps ahead in order to win. Monopoly and Risk were also addressed as board games that can teach us strategies.

They mentioned that you can't always go in full hammer and tongs as you can end up bankrupt.

The example of hardware stores was also brought up, with Masters stores trying to compete against the bigger player Bunnings.

Game theory, in essence, is about maneuvering your competitor to take the desired action, and understanding when to make the move at the right time.

The conversation discusses how Bunnings, an Australian hardware store, applied game theory to the situation when Woolworths attempted to launch a competing store, Masters. The launch of Masters was unsuccessful, and Bunnings were able to benefit from this by taking advantage of the infrastructure and locations built by Masters.

For example, the Adelaide airport location was purchased for a song, by Bunnings..

The conversation highlights how important it is for businesses to consider their competitors' moves and how to benefit from them if they lose. This is a key part of game theory that can be used strategically to help businesses grow.

Timestamps

0:00:02

Interview with Dr Tony Herson: Exploring How Board Games Can Teach Us in Business

0:01:58

"The Benefits of Applying Board Game Strategies to Business"

0:03:37

Game Theory in Business: Exploring the Benefits of Board Games

0:10:51

Analysis of Bunnings' Successful Application of Game Theory in Response to Woolworths' Masters Expansion

0:12:46

Conversation with Dr Tony on Business Restart Strategies

0:15:01

Heading: Strategies for Business Success with Dr Tony.

19-04-2023

Dr Tony Aitchison is a business growth strategist from Paradelta Strategy, offering advice and guidance to help grow businesses.

On this episode of mornings with Ron Fiedler on Podcast City Radio, where he is discussing the differences between insourcing and outsourcing.

Dr Tony explains that managing time is key and that outsourcing is a great option when there is too much on the plate and not enough people or capability to complete it.

However, if a business is already good at what it does, it may be more beneficial to insource. He emphasizes the importance of understanding the differences between the two before making a decision. Insourcing and outsourcing are two distinct methods for achieving tasks and expanding a business. Insourcing is when a business utilizes its own employees and resources to complete a project or expand into a new region.

Outsourcing is when a business uses a third party to help with time management and scaling. Both methods have their own advantages and disadvantages, and which one is more cost-effective depends on the routine task at hand.

For example, if a business needs to do data entry, it may be more cost-effective to pay its own employees to do the job, as they may cost less than an outsourcing company. Ultimately, businesses should consider both options before deciding which course of action to take. The conversation discussed the advantages of outsourcing versus employing a highly skilled individual.

The advantages of outsourcing are that it is usually cheaper, and the service provider can work on projects when the business is on holiday. Outsourcing is used for mundane tasks that do not require a lot of skill, and companies typically outsource digital marketing, customer support, payroll, and human resources. In addition, there is a financial benefit due to not needing to pay for employee entitlements.

Insourcing is used for tasks that are highly secretive and require intellectual property. There are companies that specialize in outsourcing, and they typically have set standard services.

Outsourcing services are a great way for businesses to free up time and resources by delegating tasks to someone else. Services such as virtual assistants are popular in Australia, as they can provide customized services and often have similar time zones to the business. This can be especially beneficial for those who have hit a growth barrier and need extra help with tasks that cannot be automated.

Sites such as Fiverr and Upwork offer project-based services, but may not be reliable or of high quality. It is recommended to hire a virtual assistant for more individualized and higher-quality services.

Timestamps

0:00:00

Heading: Insourcing vs Outsourcing: Time Management Tips with Dr Tony Aitchison

0:02:48

Heading: Insourcing vs Outsourcing: Exploring Cost-Effective Solutions

0:04:18

Exploring the Benefits of Outsourcing and Insourcing for Businesses

0:09:56

Exploring the Benefits of Outsourcing Services for Business Growth

0:14:56

Heading: Benefits of Outsourcing Services for Business Growth

0:17:03

Heading: Outsourcing Strategies for Business Growth with Dr Tony Aitchison of Para Delta Strategy

0:19:31

Interview with Dr Tony of Power Delta Strategy: Delegating Tasks for Increased Productivity.

12-04-2023

Dr Tony Aitchison joined Ron Fiedler from Podcast City Radio to discuss business advisory.

He is a business growth strategist from Paradelta Strategy and offers advice to help businesses reach their full potential.

The conversation focused on the differences between just in time and just in case.

Just in time is when businesses provide products or services when they are requested, while just in case is when businesses keep a stock of products or services in anticipation of the customer's needs.

In order to be successful, businesses should be able to recognize which approach is best for their needs. Dr Tony provides guidance for businesses to make this decision. Just in case and Just in time are two distinct inventory management strategies.

Just in case is a traditional model that involves buying more than what is needed in anticipation of a certain demand.

This can lead to overstocking and excess inventory which may need to be offloaded at the end of the selling period.

Just in Time is a newer model which involves predicting the demand and buying only what is needed.

This helps reduce inventory costs and improve cash flow. The pros and cons of Just in case include overstocking and the need to offload extra inventory, whereas Just in time offers cost savings and better cash flow.

The conversation discussed the differences between just-in-time (JIT) and just-in-case (JIC) inventory management. JIT is when goods are bought and sold as needed, whereas JIC involves having goods stored in a warehouse for a longer period of time. JIT is beneficial because it saves money on warehouse costs, while JIC is better for businesses that have expensive goods or goods that have a high lead time.

Ultimately, which model is better depends on the business, the product, and the supply chain.

Ron and Tony discusses the pros and cons of two inventory management strategies,

It is suggested that JIT is better for larger companies that have a lot of warehouse space and own it, as it does not incur extra expenses. JIT is best for companies that have products with a short period of high demand and can be predicted, as it reduces the amount of excess inventory. It is noted that companies that use JIC to assist their supply chain may experience a decrease in their financial situation if the company they are working with shifts to JIT.

Finally, it is suggested that newer companies may be better off using JIC, as they do not have enough data to predict precisely with JIT.

05-04-2023

Dr Tony Aitchison is a business growth strategist from Paradelta Strategy and joined Ron Fiedler on Podcast City Radio.

Dr Tony provides advice and help to businesses to help them reach their goals and take them to the next level.

Ron talks to Dr Tony about the Holy Moly Group's entertainment precinct in Rundle Mall, Adelaide.

Dr Tony commented on how Adelaide is always developing and growing, and that it's a livable city that is seeing a lot of government and private projects.

He concluded that it's all about living life and enjoying it.

The discussion focused on the concept of first mover advantage, which is when a business introduces a new product or service to the market before any competitors.

First movers have the benefit of establishing strong brand recognition and product loyalty before other entrants come in.

However, there are also drawbacks associated with being the first mover, such as spending a lot of money to develop the product and educate the market on how it works.

On the other hand, second movers can benefit from the first mover's pioneering work and bring their own innovations to the market.

Ultimately, businesses must decide whether it is best for them to be first or second movers based on their individual circumstances.

The conversation discussed the advantages of being the first mover versus being the second mover in the market.

The first mover has the advantage of brand recognition and gaining market share, as well as the potential to gain intellectual property rights.

However, the second mover has the advantage of being able to learn from the first mover's mistakes and create a better product.

They can also take advantage of opportunities in other countries that the first mover has not yet reached.

In general, the second mover has the potential for greater growth due to the established market from the first mover.

Ultimately, both first and second movers have their own advantages and disadvantages, and it is up to the company to decide which route is best for them.

Dr. Tony Aitchison from Paradelta Strategy discussed the advantages of being a first mover versus a second mover.

He explains that the second mover has the advantage of not having to do all of the research and development that the first mover has done, and therefore can capture more of the market with a better profit margin and better appeal to investors.

He gave examples such as MySpace and Facebook, Yahoo and Google and Jasper and Chat GPT.

He also discussed what is needed to be successful as a first-mover and as a second-mover, including doing research on the first-mover, product development, customer acquisition, appeal to investors, pricing, and degree of innovation. He then discussed the possibility of first and second movers acquiring each other.

Tony can be contacted through his website Paradelta Strategy

And Podcast City Radio

29-03-2023

Dr Tony Aitchison joins Ron Fiedler from Podcast City Radio to talk about business strategies.

Tony's global and diverse range of experience provides a dynamic approach to his work, creating unparalleled growth for his clients.

In this episode, Tony discusses how much money does it take to E expand a business.

Tony can be contacted through his website Paradelta Strategy

And Podcast City Radio

Dr Tony Aitchison joins Ron Fiedler from Podcast City Radio to talk about business strategies.

Tony's global and diverse range of experience provides a dynamic approach to his work, creating unparalleled growth for his clients.

In this episode, Tony discusses how much money does It take to save a business.

Tony can be contacted through his website Paradelta Strategy

And Podcast City Radio

Dr Tony Aitchison joins Ron Fiedler from Podcast City Radio to talk about business strategies.

Tony's global and diverse range of experience provides a dynamic approach to his work, creating unparalleled growth for his clients.

In this episode, Tony discusses How much money does It take to start a business

Tony can be contacted through his website Paradelta Strategy

And Podcast City Radio