Category Archives: Small Business

Finding Leaders

Are Leaders Born or Made?

Some Management Coaching Ideas on Leadership

leaders

Leadership is a key element in the development or rebirth of any organization, whether it is a for-profit business or non-profit community organization. It is important to large corporations, such as General Electric; small local businesses, such as a town dry cleaner; city, county and state government; churches, and service organizations such as Rotary.… Read the rest

Fears

Facing Your Fears as an Entrepreneur

entrepreneurEvery entrepreneur I have ever talked to has had to come face to face with his/her fears. I have had to as well. I want to share with you some of the techniques I have used to face them.

The first step is not to be in denial. You have fears even if you don’t readily acknowledge them. They sometimes take the form of chatter in the back of your head that says you can’t do it.… Read the rest

Empowerment

Empowerment of Others

empowermentAs any business or organization begins to grow, there comes a point where the leadership begins to realize that they cannot do or control everything themselves. They must begin to delegate tasks and responsibilities to others; but of equal importance, is to empower those individual. Empowerment in the simplest terms means to treat people not as employees, but as partners.… Read the rest

Troublesome Coworkers

Dealing with a Troublesome Coworker

coworkerMost organizations have at least one individual who might be considered troublesome. They may be tolerated because the group feels that they carry their load. They may not be tactful and could often be abrasive, leaving you with a very tricky situation. How you handle these individuals, who some might classify as characters may have a significant impact on the effectiveness of the group. Some might consider them loners in that they often fail to greet coworkers and fail to say hello in the morning. They might fail to have eye contact or make unusual statements at inappropriate moments.  Others often say “well that’s the way he is.” As a manager you must tread lightly with these personalities; but to maintain communications and productivity there are some suggested actions and things to avoid.… Read the rest

Chart the Course

The Ability to Chart a Course

courseOne of the skills necessary for success in any business or nonprofit organization is the ability to chart a course. To properly chart a course, it is important to understand first where you are, than where you want to go, and finally the plan on how to get there. If you have ever been in a new town and wanted to go out to dinner, you might have first looked for a restaurant in a magazine. You then call to find out where they were located. The first question you were asked by the person in the restaurant is where are you now? In fact, you have just taken the first step in charting a course to dinner.… Read the rest

Growing Small Business

 

10 Ways to Grow Your Small Business

Are you looking to be more successful? Here are ten ways to grow your small business.

business

  • Know yourself. Do a SLOT analysis. What are your strengths, your limitations, opportunities, and threats? Examine and understand each. In every strength, there is a limitation and in every limitation there is a strength (e.g. you are small so lack financial clout; the advantage is by necessity you will be more creative). The better you know yourself the more successful you will be. By knowing yourself you not only know your areas of opportunity, you know what areas to avoid.
  • Read the rest

    Business Leadership

    Leadership and Influence

    leadershipAs a business person managing a small or medium size company, you may not be able to relate the subject of leadership to success in your business. If fact, when you see the subject as the topic of this article, you may choose to slip it and move on. So no matter whether you are a one person business or have a staff of dozens, leadership is critical to your continued success. When you think of a leader in a successful business, ask yourself:

    What specific personality characteristic does this person possess?

    How does this person relate to others, professionally and socially?

    Read the rest

    Overtime

    Overtime Overhaul: Review Proposed Changes Now Before Final Rule Announced

    Overtime rule expected to be costly

    By Allen Smith  5/10/2016

    overtimeAs HR professionals wait anxiously for the release of the U.S. Department of Labor’s (DOL’s) final changes to the overtime exemptions, it’s becoming clear that the new rule will cost many employers a lot of money. But the revised standard also will create an opportunity for HR to correct some past mistakes.

    Employers will spend $592.7 million to comply with the new rule, the DOL estimated, saying that each of the 7.4 million affected establishments will need one hour to get up to speed on the changes. The department calculated that it will cost $254.5 million for businesses to become familiar with the regulation; $160.1 million to make necessary adjustments; and $178.1 million in managerial costs… Read the rest

    Addiction

    The Top 10 Signs That An Employee May Be In ‘Active Addiction’

    addictionThe cost to business of employee addiction is tremendous. Many addicts (which includes alcoholics) become extremely skilled at hiding or explaining away events related to their addictions. Encouragement from an employer can be a powerful prompt to the employee to get appropriate treatment and so return to full productivity. (Note: Automatic termination of actively addicted employees is neither humane nor advisable. First, addiction is a disease, not a moral choice. Second, many people who are addicted may be covered by the Americans with Disabilities Act.) Although some of the following may occur in employees who are not addicted, the more that apply, the more likely it is that the employee suffers from addiction in some form or other.… Read the rest

    Business Knowledge

    A Lack of Knowledge of the Business They Are In

    business In his book, The E-Myth Revisited Michael Gerber describes the roles played by different personalities within a business.  The first is the technician, who actually does the work or delivers the service in the business. The second is the manager, who organizes and controls the business on a daily basis. The third is the entrepreneur who best understand the business environment and leads it though changes necessary for continued success. One might conclude that knowledge of actual working in the business or managing the operation of the business does not always lead to success. What leads to success is knowledge of how a business needs to operate within its competitive market place.… Read the rest

    Vision of Success

    Envisioning Success

    Charles Kettering, famous inventor and founder of Delco, once said, “We should be all successconcerned about the future because we will spend the rest of our lives there.” The ability to have a vision of what you personally perceive as success is a key element in your business venture and your personal life. Where are you going and what will in look like when you get there? A meaningful vision not only provides direction, but it helps people find meaning in their work and a reason to excel.… Read the rest

    Success and Failure in Business

    One of our passions at RLS Focused Solutions is to help businesses be successful and successsustainable. Each business must define for itself what success means. It may be just to make a good living or it might be to grow and prosper. Our definition of sustainability is that it will be prosperous, not just at a point in time, but well into the future. We are one of approximately 600 worldwide members of Resource Associates Corporation who has reported the results of work done to determine the difference between successful and unsuccessful business people. Let us consider their findings.

    Read the rest

    Financing

    12 Tips to Polishing Your Business Planplan

    A business plan is a working document through which you set your goals and trace progress towards increased success. There may come the opportunity to present that plan to investors or a financial institution. Listed below are a list of tips to make that presentation more effective.… Read the rest

    Building Your Team

    Building Your Team

    Can You Wait for Your Kids to Grow Up

    teamAs a new business owner, your role may  encompass all of the important aspects of the company. Sure, you may have had employees, but they were assigned specific tasks and you kept an eye on everything they did. You were the salesman, the supervisor, the customer service contact, the scheduler of the work, and even the bookkeeper. But as your business grows, you feel yourself pulled in many directions. You cannot effectively completely cover all the roles you filled in the past.… Read the rest

    Creating Success in 2016

    Start Your Year Off Right / Goals for a Successful 2016

    successfulThis program, originally announced in the Quill last month is also available to organizations and groups. It is ideally suited for groups of six to eight people from one company or organization. It would provide the organizational leadership, such as department heads, an organized forum during which they could review their 2015 accomplishment and set their goals for 2016. Our program for the Brunswick County Chamber of Commerce will include representative from a number of diversified business and is described in the last month’s article.… Read the rest

    Employees

    How Important Are Your Employees

    employeesMost businesses invest in marketing and advertising each month but overlook another vital investment that they are already making–that investment is their employees. Your employees can make or break your company, and recently I ran into a very poignant example of that fact.… Read the rest

    Part Time Employees

    Part Time Employees

    The Face of Your Organization

    employeesCompanies and organizations often use part time employees to serve in a limited role. They are not paid as well as full-timers, sometimes do lower level work, and may have a limited career track. They may be moms who have priorities at home, seniors who no longer want a 40 hour work week, or college students looking to earn some money to supplement expenses. They are hired to reduce operating costs, fill leftover hours from full time employees, deal with an economic downturn, or seasonal requirements. Between 2000 and 2010 the number of employees working part time increased by 300 % or 9 million people.… Read the rest

    Creating Success in 2016

    Start Your Year Off Right / Goals for a Successful 2016

    successfulRLS Focused Solutions, in conjunction with the Brunswick County Chamber of Commerce, is offering an opportunity to help you achieve a more successful 2016. The workshop will be offered on  Friday January 15th.  They will be held at the Chamber Conference. Room It will begin at 8:00 AM and conclude no later than 2:00 PM. A working lunch from the Purple Onion will be included.… Read the rest

    Creating a Business Plan

    How to Create a Successful Business Plan

    business planI am often asked the same two questions. Do I need a business plan? What should I include in my business plan? I am going to answer these questions when writing this article. Do I require a business plan? For most businesses the answer to this question would be yes. For the majority of new businesses and ones which require investment by way of a loan or a business partner, a business plan is a must.… Read the rest

    Plans That Work

    Making Business Plans Work

    plansMany of us have spent countless hours thinking about and documenting plans for either our business or non-profit organization. There is a sense of satisfaction with the completion of the final draft that is shared by all involved. Far too often that document is filed or left in a desk drawer to be revised in a year’s time. Many have even reported that they gave up on the planning process because it just didn’t work. I often remember the president of a very well-managed company once stating that the team had become expert on writing business plans, but not real good on making them a reality.

    In their book Execution, The Discipline of Getting Things Done Larry Bossidy and Ram Charan discusses this very subject.… Read the rest