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Financially Simple Bizcast

The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Nov 26, 2018

In episode 111 of Financially Simple, Justin goes over the process of conducting a Performance Review.

Continual and regular evaluation of your Team leads to their development and the growth of the business. Justin looks at Performance Reviews, how to approach the process, work with Team Members throughout, and provide constructive feedback.

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00:43 - How to Conduct a Performance Review with Your Team

02:01 - The Problem with Reviews

04:42 - Why Conduct Performance Reviews

08:04 - Performance Management vs. Performance Review

09:23 - Purpose of Performance Reviews

09:46 - Preparing for the Appraisal Session

12:52 - Conducting the Appraisal Session

17:28 - Be Descriptive and have Examples

17:46 - Performance Levels

20:31 - Core Message: The Last Word



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Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.