Posts Tagged ‘Job’
Today I got into a bit of an argument on Twitter (nothing new there).
It started with someone moaning about having to get up at ridiculous hours to attend to their business and me responding by saying that as they own the business they should employ someone to do this particular task.
It’s an important part of the business and led to a discussion about whether critical tasks should be delegated or not.
My view is that yes, they should. (I actually shouted, *YES* they should.)
Business owners are there to manage the business, to make decisions, to keep track of cashflow and consistently review how the business is working and make improvements where they’re needed. As soon as the business is big enough, *everything* else should be delegated.
If the business owner is the only one who can be trusted with a critical task it means that the business is too vulnerable and at risk and is probably unsalable.
Then we got into “what if the person the critical task is delegated to doesn’t do it properly?” Well, it is the owner’s job to check that it is being done properly and make sure people are properly trained or replaced. Delegation doesn’t mean abdication.
If your business is so small that you’re still doing everything yourself and you’re happy with that that’s fine but if you want it to grow you need to have a plan and that plan will very likely involve you stepping away from all of the stuff you do now and managing other people who will do it instead – and that’s a whole other skill set.
Basically, if your business is big enough to employ people and it still can’t run without you, there’s something wrong.
What’s the only time management tip you’ll ever need?
Being Early Saves Time AND Money
The bulk of the time we waste is spent trying to catch up on things that could have been done earlier, in less time.
By doing things before they need to be done we really SAVE time.
That old proverb “A stitch in time saves nine” is true.
Getting your car serviced before it breaks down, getting a new computer before it slows you down, getting a health check before you become ill, nurturing your relationships before they collapse, paying off bills before you get charged interest, getting more business before you run out of money. They all save both time and money.
Being early Pays Off
First come, first served is another true saying. Research shows that people respond more positively to the first person to respond to their request, whether this is to send in a quote, a tender for a job, information or recommendations. In other words, being early has a clear advantage.
Being Early Makes a Statement
If you want people to think you’re not in control of your life, unreliable, can’t be trusted, and don’t respect others, be consistently late for meetings, for deadlines, and for appointments. (See related post “Always” )
If you want people to think you’re committed, confident, and competent, show up early, and use the extra time to relax and prepare so you’ll be on top of your game.
Being in place when others arrive means you get to choose your chair, comb your hair, go to the loo, be the one to welcome others. It gives you control.
Try it …
Do you get irritated when people are late? Are you consistently late yourself? Tell us how this makes you feel in the comments below.
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Why so many businesses don’t grow
Lots of people have great ideas for businesses.
Lots of people start new businesses.
Not many grow them into thriving enterprises that provide employment and contribute significantly to the economy of the country.
Too many people spend all their time working IN their business and hardly any time at all working ON it.
There’s nothing wrong with “lifestyle” businesses if that’s what you set out to achieve but so many people set out with different aims: to build a business that can exist without them; that can be sold; that won’t die when they retire; that will provide them with a pension; that provides other people with a good living; that is more than simply swapping their time for money.
A good idea is not enough to grow a great company.
Being great at what you do does not mean that you have a great company.
Companies consist of three main things:
Product + Process + People
Many businesses have a good product and great people but it’s the processes that allow them to grow.
This means that any job does not rely on just one person being able to do it.
Invest as much in the processes as you do in the product and the people.
Poor pricing is what keeps most businesses small.
Too many new businesses think they have to compete on price in order to get into the market. This is only true if everything else you have to offer is unremarkable and will only work if your whole business model is based on very small margins.
Keeping control of cash flow and understanding management accounts is probably THE most important factor in growing a business.
Money allows you to take the right business decisions at the right time but often the biggest decision that needs to be made isn’t a financial one but “Are you the right person to run your business?” Just because you started it doesn’t mean you have the right skills or temperament to do the day to day work of managing it.
If your aim is to grow a business rather than create a job for yourself, assuming that you already have a great idea, these are the top tips to make it work:
- Get enough capital before you start. Working just to cover your own wages is not a business.
- Estimate what you need and how long it will take to turn a profit and then double it.
- Don’t do any job that you can hire someone else to do better or quicker.
- Understand the finances of how a business works. It’s the most important job.
- Invest in processes so that no one person is irreplaceable – especially you.
If you are frustrated because your business isn’t growing as you’d like it to, give me a call. Sometimes a fresh perspective finds simple solutions that you are too close to see. I’ve seen lots of ‘slap head’ moments when talking to business owners about what can be done to make real progress! Call me on 07711 705038.
This post was written by Katherine Connolly of Keeping HR_Simple on 19th August 2010
Over 100 people listened to Richard McCann talking in the Cambridge Cancer Help Centre last night and many of us were moved by what he had to say. I have heard messages like these before – “you can do it”, “get out of your comfort zone”, “challenge yourself”. I’ve never once thought they applied to me. I’ve never once felt personally affected by any of them. For me, the speakers and writers were always talking to someone else. They didn’t apply to me because I didn’t want to feel challenged. I didn’t want to leave my comfort zone, thanks very much. I never wanted to release my potential because as far as I was concerned, maybe I didn’t have any. I’d rather not try than do it and fail.
I’ve never once felt personally affected by any of them.
Last night, Richard’s message got to me. I believe that things happen for a reason (Jason always says that things don’t just happen, things happen just) and that the time was right for me to get that message and what’s more, to act on it. Until we started this business, I was a PA. A very good PA, thanks very much. I went to work every day, stayed in the office, acted as the central point of contact for everyone and everything. If someone wanted to know where something was, guess who they came to? If someone wanted help or advice or to pass on a bit of gossip, guess who they talked to first? I knew everything that was going on and I was very comfortable. My feet were firmly under the table there and I loved it all; the job, the company and the people.
I’ve learnt that I’m capable of much more than I think I am.
Now I know that I was missing out. Doing that job was fulfilling maybe 1/10th of my potential. If even that. I’ve learnt so much in the last year but mostly I’ve learnt about myself. I’ve learnt that I’m capable of much more than I think I am. I’ve learnt that I can go out and talk to people – people I’ve never met before. I’ve learnt that I can survive difficult situations. I’ve learnt that I have a way to go before I could call myself a good public speaker. But I’ve tried it and I’m willing to keep trying it. I may never be as good a speaker as Richard McCann but I have the potential to be. I’ll never dye my hair ginger though – I don’t want to be an honorary member of “the ginger massive” . Most importantly of all, I’ve learnt that if I say “no” to the things that scare me or worry me or make me feel uncomfortable, I’m missing out. So, thank you to Richard McCann for bringing that message home to me. People probably tell you all the time how you’ve affected their lives but you should know how you’ve affected mine. Richard McCann