Your employment record. Example: An Identity Thief wants to earn income using your employee’s social security number, but let your employee pay taxes on money they earn.

As a result of this, Gardner says that “Businesses need to offer 24 hour per day, 7 day per week access to attorneys….I think that danger is so large to any business, that they may want to [pay for] some of cost of this, to encourage employees to get benefit…If a business does not understand that they need help, they are living in a dream world.”

Employers should also offer some sort of Identity Theft protection, and ongoing background monitoring. This can be offered as a voluntary benefit which has no real cost to employer, as a fringe benefit paid by employer, or can be a combination of both. When an identity thief uses your employee’s information, (for example an identity thief takes employee’s current address, and uses it as their previous address when they apply for a mortgage,) ongoing background monitoring will notify your employee when identity theft happens. Most people don’t find out that they have become victims until that Identity Thief, who has used your employee’s credit to finance their mortgage, stops paying bills, is picked up for a crime, or doesn’t pay taxes. Ongoing monitoring provides an early warning system, so that your employee will be able to call an expert who can correct problem when it takes place. This will save your employee’s time, and limit losses your employee will incur as a result of breach of their information. This will also save you costs associated with frustration and lack of ability to pay attention as work.

Even if your employees don’t elect to have benefits of legal services and identity theft protection, having a mandatory meeting where employees hear that you have made this coverage available to them will provide an affirmative defense, should an employee ever accuse you, as employer, of having lost their personal information.

Under FACTA, access to an attorney and credit restoration, are benefits that employers need to offer. Ongoing background monitoring will mitigate damages that employee can experience because early warning system will be in place to handle issues. Access to an attorney and credit restoration will drastically reduce time employee spends away from work dealing with issues surrounding identity theft and other personal legal problems.

Failure on part of an employer to offer this benefit leaves a company exposed to thousands (and even millions) of dollars in potential damages, and leaves employees subject to time, frustration, and headaches associated with being a victim of Identity Theft.

Develop Strategic Business Units The strategic business unit concept revolutionized multi-product or multi-service businesses; each of products is grouped with similar products or services in different ways. The starting point of implementation is to have someone specifically responsible for operations and results of unit. To make this work, you begin by drawing up a complete business plan that would include sales revenue, costs and profitability.

Sell More Effectively The fact is that 80 percent of your markets have not yet been approached by your salespeople. No one has told them about you. Your business could be probably being selling twice as much if you could just find out how to sell it to them.

Eliminate Bottlenecks There are two important steps that you need to take. First, decide on your specific business goals; make them clear, measurable and time-bounded. The next step is asking question: “why am not in that goal already?”

Reengineer Your Company To simplify and streamline your operations so that it is more efficient, faster and more effective and therefore more profitable, you have to reduce number of steps in each process. You have to simplify processes and make faster and better decision.

Pump Up Your Profits Conduct a complete profit analysis on every product. You must also remember that labor has a real “opportunity” cost along with other use of other resources especially in a multi-product or multi-services business.

Focus on Results All your customers care about is results. They do not care much about your problems with your people, products, processes or any other aspects of your business.

There are four questions that customers answer before buying product or service. These are:

What does it cost? What do I get for money? How fast do I get benefits you promise? How sure can I be that I will get those benefits?

Seven Steps to Personal Performance

Step 1: Set clear, specific, written goals for each important area of your business. Make them measurable and time-bound. Step 2: Make a list of activities before you begin a day, put it on paper. The best time to do this is before you go to bed so subconscious mind can work on your list as you sleep. Step 3: Set priorities on list you made. Apply 80/20 rule and select top 20 percent of your tasks to work on. Step 4: Practice creative procrastination. Since there are only 24 hours in a day, decide in advance which of those tasks have little value or importance can you do away with. Step 5: Select one most important job and have discipline to accomplish that first thing. Step 6: Practice single-handling with most important task you have identified. Resolve to work on it until it is resolved. Step 7: Develop a sense of urgency. The faster you move, more work you get done and better you feel. This will create momentum.

By: Regine P. Azurin and Yvette Pantilla http://www.bizsum.com "A Lot Of Great Books....Too Little Time To Read" Free Book Summaries Of Latest Bestsellers for Busy Executives and Entrepreneurs

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Regine Azurin is the President of BusinessSummaries.com, a company that provides business book summaries of the latest bestsellers for busy executives and entrepreneurs.