|Business Management Information|
What One Thing?
A few weeks ago I asked my readers what the most important issue was in their business. Hundreds responded with a variety of answers, but one of the most common was, "How do I get everything that needs doing done?"
Happily, I have an answer for this question, but like many things in life, it carries both good news and bad news. The good news is, if you are one of those fortunate few with access to unlimited resources, you can get everything done.
But that's really the bad news, isn't it.
Because among all the people I know - not a single one of them - not one - has access to unlimited resources. Even executives I work with whose budgets run into the hundreds of millions - even they do not have unlimited resources. Even they have to make choices and trade-offs.
Earl Nightingale once asked the question, "What one thing would you do if you knew you could not fail?" And Jack Palance's Curly in City Slickers, asked a similar question: "What is the one thing?"
Their questions contains seeds of the answer to this quandary.
Because all things on your plate are not created equal. They are not all important. They do not all have the same impact, the same dependencies, the same possibility of reward.
And even if you think they do, upon close examination you'll find they do not.
The trick of course, is to figure out the one thing that matters most...
And focus on that.
Of all the ideas I have sifted through in my role as an executive coach and business coach among the most relevant is the concept of sacrifice. My definition is giving up something of value for something of even greater value.
Sacrifice is the key. You have to let go of your attachment to most things on your plate, and figure out what things are of greatest value.
You don't get everything done, and you can't get everything important done. If you select well, and are willing to sacrifice the rest, you can get the most important things done. By letting go of the rest, everything essential, everything vital, everything earth-shattering can be done.
Can you imagine what life would be like if you only worked on things that were earth-shattering?
While this seems simple, obvious even, most of us have struggled with it all our lives.
You probably have trouble figuring out, from day to day, what is going to make the greatest difference. I'd be willing to bet that if you take a look, you probably can't even figure out what the criteria are.
So let's go back to Earl Nightingale's question: What one thing would do if you knew you could not fail?
Look at the things on your to-do list this way:
What will have the biggest impact?
What will yield the greatest revenues and profits?
What will open the doors to the future you desire?
What has the strongest possibility of success?
What has the largest reward to risk ratio?
What will give you the finest return on your investment?
What will free up the most time?
What will free up the most resources?
What will help you realize your success strategy?
And, what will bring you closest to your goals?
If you can first figure out which among these questions are most relevant for you, and answer them for all your projects, you can rank the things on your plate according to what matters most and is absolutely essential.
And once you do that, you can figure out which among all the various tasks you have should - no, must - get your attention.
THOSE ARE THE ONLY ONES YOU WORK ON.
Get those done, and if you have time left over, turn your attention to the next batch.
I call it strategic focus. Figuring out what's really going to rock your world. Figuring out what is really going to deliver the goods. And working on those things.
Only those things.
The rest of it will simply have to wait.
If you can wrap your mind around this one simple idea, figuring out what to do next becomes pretty easy. And because you are focusing your energies on few things instead of many, things get done.
To make it easier for you to figure out what matters most in your business and help you build systems to take care of the things that are, I've developed a new, comprehensive and first-of-its-kind program. The Turnkey Your Business Home Study and Mentoring Program is a twelve month hands-on course, containing step-by-step how-to manuals, audio CDs, CD-ROMs, monthly conference calls and personal mentoring. It helps entrepreneurs and executives create detailed systems and processes to "turnkey" their businesses. One of the most important elements of the program is the Critical Factors Process which helps you rank every aspect of your business, along with every task associated with it, in the order of importance for your company. That way you can create duplicable business processes for those things that matter most, and then optimize those same things getting the greatest return on your efforts and your time.
You can find out more about the Turnkey Your Business Home Study Program by linking to http://www.turnkeycoach.com.
Paul LembergPaul Lemberg is the President of Quantum Growth Coaching, the world's only business coaching franchise system built from the ground up to rapidly create more profits and more life for entrepreneurs. (http://qgcf.com) Paul is also Executive Director of the Stratamax Research Institute specializing in helping entrepreneurial companies quickly increase short term profits for sustainable long term growth. Of course, he is available for keynote speeches and workshops and can be reached via http://lemberg.com
Crisis Management Tips
The term crisis management has different connotations. In this article, I will try to provide pointers that can be used in most situations:
Meetings and Road Trips
Managing a meeting is like setting off on a long car trip with friends or family. You need to plan your route, pay attention to the rules of the road, consider what will keep your passengers engaged and occupied, and always remember you have to get back home at the end.
Creativity Starts Here!
You Cant Not Communicate
Most of us would like to be better communicators. As leaders, co-workers, team members and in all of the other roles we play both professionally and personally, we know that communication is a major key to success.
Are You At The Mercy Of Computer Geeks?
Many business owners are sabotaging their business without even realizing it. They are completely out of the loop when it comes to all technology aspects of their operation such as websites, computers and software. They become completely dependent on their technical people and naively believe that things are "being taken care of".
Setting Direction Within an Organization
FINDING DIRECTION: An organization can't succeed without direction. Direction means having clear goals and guidelines; set goals and guidelines for staff to follow. When staff direction is needed, you must provide effective procedures for everyone to follow. Have guidelines and goals firmly set to keep the gray areas to the absolute minimum. It's up to you, to keep the departmental goals and that sense of direction so that it is not allowed to be buried beneath the workload.
Necessary Tasks You May Want to Delegate
As a business owner, time is of the essence. Running a business is demanding. You are either performing the day-to-day administrative work or you're working in your business, attending to your customers or clients. What is the best use of your time? The answer is simple. Your time should be spent doing what you do best. The day-to-day administrative tasks can be delegated. It's so much easier to review work than to do it yourself! Here are some suggestions to get you started.
Management Procedures Usability ? How to Improve
Are your people consistently following your procedures? Each year, organizations lose thousands of dollars through common mistakes and lapses in usability. But what does that mean for business owners and executives?
Coaching Champions at Work
I saw Brian Kerr (the Irish national football coach) on television not so long ago and it reminded me of a platform I shared with him at a Banking Institute seminar in Dublin. Whilst I was waiting for my turn I listened to Brian and experienced two emotions ? admiration and jealousy. Firstly I admired what Brian had already achieved at under 21 level and the passion with which he expressed his love of the game. Secondly I was jealous at the way in which coaching in the sports world is readily accepted whilst coaching in the business world runs the risk of becoming yet another fad. In sports there is an unconditional acceptance that the coach is key to unlocking potential, in business coaching is seen as merely another name for training, and training as we know is for trainers to conduct, whilst management is on a different plane and status level altogether. In sports it is unusual for coaches not to be involved in training, indeed training is often an outcome of a coaching session. In business, managers at all levels appear keen to divorce themselves from the training function.
Why Business Owners Need Security
The main reason is to stop any potential lawsuits from happening! But do you know how many individuals I have talked to about this very thing? Many! Do you know what the majority have told me? They have locks and cameras, so they don't need anymore security than that!
Creativity Management and Behaviour
What behaviour maximises the chances of thinking of great ideas? What behaviour maximises the ability to nurture ideas until they begin to reveal their potential?
Bye-Bye Boring Meetings! Make Yours Remarkable!
It's the middle of the night. You've woken up with a brilliant idea on how to improve the way your business product is delivered to your customers. You scribble it down and can't wait to share it with your co-workers during your morning meeting.
Unveiling the Value of Your Expertise
All of us have knowledge, expertise, and experience that others can benefit from. This is one of the reasons we play some of the roles in life that we play: leader, trainer, teacher, coach, mentor, and more. We all can contribute to other's success with our expertise. Unfortunately, some things keep us from doing this as successfully as we could.
Procrastination and JDI!
In a management role procrastination can seriously hold back progress and demotivate individuals and teams who, full of innovation and drive to move forward, get frustrated and confused when action is held up. There are a number of steps that will help the procrastinating manager. Firstly, recognise it is a good and reasonable defence mechanism, which relates to the things which might have occurred in the past. A hurried decision which might have had an unsatisfactory and upsetting result. It is part of your character and maybe just a little too strong a behaviour for those who are around you. It can often be a great asset if you are surrounded by 'gung-ho' types who just go for things - there is value in caution and it is all relative! Secondly. Get Real! Many of the 'Fear' writings, such as 'Feel the Fear and Do it Anyway' by Susan Jeffers and 'How to Stop Worrying and Start Living' by Dale Carnegie, extol the virtues of realistically assessing the potential downsides. Often, asking yourself 'What is the worst that could possibly happen here?', gets you able to see how unlikely your decision is to be life-threatening. So have a think and be realistic - then do it! Third and finally, consider the effects of putting off decisions. How much harm does it do to the organisation, your nearby people and above all you, as decisions lie there at the back of your mind, unmade? The result is most often not the negative outcome that your worst fears suggest, but the subliminal worry that NOT having made the decision, i.e. it is still to be worried over, is often much, much worse when added up than the decision itself!
Employee Turnover: Is It Eating Up Your Profits?
Keeping the cost of doing business down, yet providing a quality product or service, is one of the most critical components of success for today's leader. What many fail to realize is that employee turnover can represent a very substantial price tag to a company's productivity and its bottom line.
Problem-Solving Success Tip: Dont Leave Your Key Stakeholders Guessing
Communicate! Don't leave you key stakeholders guessing.
Successful Managing Through Delegation
Managers should avoid the tendency to constantly delegate to the same one or two capable individuals. This practice only overloads the best personnel while slighting all others.
Efficiency Around The Office
Nearly every office, be it commercial or home-based, may have areas of inefficiency that can be improved upon. We are not talking sales figures or profit margins or budgets, but inefficient waste and resource management. For instance, let us look at some common aspects and consider how consumption can be reduced and how to make better use of resources.
Nine Vital Lessons For Avoiding Training Fads That Waste Time, Money and Enthusiasm
Unfortunately, at least two thirds of much of the training and development effort undertaken by organisations to develop their people is wasted.
Why Management Kills Creativity
Ten or so years ago, an international consultant, specializing in employee involvement and team development, published a story relating to workplace communication that is heartwarming and damning at the same time.
|home | site map|