Category Archives: Small Business

Building Your Team

Practical Team Building

teamThere comes a day in the growth of a business or organization where the owner or founder must hire people with the expectation that they will help to contribute to its growth and success. This is true whether the hire will be working in the shop, taking orders at the front counter, writing software, or managing a part of the business. So often the entry of this new employee results in negative results. The manager and the new employee are frustrated and disappointed. With this hiring, comes some new skills which the leader must master to produce the desired results. Let us start with the assumption that the interviewing and selection process was done well and the new employee arrives for their first day on the job.… Read the rest

Customer Teams

Customer Focused Teams

teamsTo be more responsive to customer needs, emphasize customer satisfaction, develop closer relationships with their customers and flatten the management structure, some companies have adopted Customer Teams or Customer Focus Teams. These are cross-functional, customer focused teams that exist to provide customers a one-stop shopping service.… Read the rest

Building a Successful Team

Team Leadership

leadershipIt’s no longer enough to be good, you must be exceptional. It is no longer enough to have satisfied customers, you must seek to develop a loyal and delighted customer base. It’s no longer enough to maintain. You must be aggressive, responsive, and quick. Your challenge is getting everyone on your team or in your department committed and focused on achieving organizational success. As an effective team leader, your role is to build the best, strongest, most productive team possible. Your team or department’s results, or lack thereof, will be in direct proportion to the cohesiveness of your team.… Read the rest

The Donkey Story

The Donkey and the Well

“One day a donkey fell into a well. When the owner discovered what had happened, he franticallydonkey in the well searched for ways to rescue the animal, with no success. Regretfully the owner decided that since the donkey was growing old, he should give up the idea of rescuing the animal and simply fill in the well. Hopefully, the donkey’s demise would be quick and painless. The farmer then called his neighbors to help with the task, and soon several men began shoveling dirt into the well. When the donkey realized what was happening, he brayed, and struggled … but finally the noise stopped.Read the rest

Having Values in Business

Values Build Successful Business

“The very essence of leadership is that you have a vision. You can’t blow an uncertainvalues trumpet.” – Fr. Theodore Heshurgh Former President of The University of Notre Dame

A powerful vision provides inspiration, challenge, and purpose. It gives meaning to your work and purpose to your business. Your business gives you a place where you can satisfy your need to achieve. Everyone’s life needs a purpose, something important to strive for. One way to add both meaning and context to your vision is to establish values. Clearly defined values simplify decision making. They also help ensure consistency as well as ethical and behavioral congruence… Read the rest

The Entrepreneur

Redefining Entrepreneurship

entrepreneurI have often been part of a civic group discussing how to assist the growth of small businesses in the community. The word entrepreneur is commonly used by members of the group, but it seems that the term means different things to different people. Some define an entrepreneur as anyone who goes into business for themselves. That could be anyone who decided to start a business cutting lawns or washing cars. These are all noble businesses and do provide income for their owners, but it seems that this type of entrepreneurship is not the type celebrated widely. There needs to be more to it than providing a service or several jobs.… Read the rest

Business Plan

The Importance of Preparing a Business Plan

business planWhile employment is a surefire way of securing your future, there are always those who believe that entrepreneurship should be a priority not only among those who are already established in life but also for students who have just finished their studies. Other people believe that getting involved with a profitable business is still the way to go if one wants to be financially successful in the future.

People who immediately go into business without any plan at all are the ones who end up with nothing at all, in terms of their capital or investment. This is because they have joined a war without carrying any weapon at all.… Read the rest

Business Model Workshop

Business Model Generation

workshopSeveral weeks ago, we were invited to conduct a three-hour seminar for the Independent Garage Owners of North Carolina (IGONC). The subject of the seminar was Business Model Generation, a topic which shows the participants a method to look at their current business operation and discover ways to bring it more in-line with their customer needs.

This Association is made up of the local auto shops that make repairs and service cars and trucks. One’s first impression when considering the group is that they are composed of very good technicians, who pay little attention to business development. In fact, those in the workshop represented a very skilled and savvy group of entrepreneurial business people.

 

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2015 Business Plan

Making 2015 Your Most Successful Year

planYes, it’s time to start thinking about plans for the coming year. Many of the most successful businesses in our area use this period of time to develop next year’s plan for growth and success. In fact, several travel to workshops as far away as Chicago for guidance on developing their plan.

A business planning session is an opportunity to spend time on your business not in your business. It is not just something that big companies use, but has been used across the county by small business including; non-profits, landscapers, retailers, restaurants, realtors, print shops, insurance brokers, churches, independent sales representatives, and HVAC Companies.

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Reflections

Questions for Evaluation and Improving Your Business

As we enter the new year of 2015 it is time to reflect on where your business is going and how plansare you going to achieve those objectives. A number of significant events have taken place in our environment that may be forcing you to look at your business much differently than you did a year ago. Take some time to reflect on the following questions and honestly evaluate where you are, where you are going, and how you plan to get there.Read the rest

Business Planning

Developing a Business Plan!

Business PlanThere are many important steps to consider when developing a Business Plan for your company, but the first step is to fully understand the main uses of a business plan. The four main uses of a business-plan are as follows:

• A Business Plan is a written document that you can use in your search for external financing.
• A Business Plan is a tactical planning and management tool for your business.
• A Business Plan is a document showing the capacity of your team to control and manage all the aspects of the company.
• A Business Plan brings you new ideas to refine your business.… Read the rest

Sustainable Small Business

A Worthy Goal for Small Businesses – Sustainability

Sustainability, from an organizational perspective, should include an increase in productivity, and/orsustainability reduction of consumed resources without compromising product or service quality, competitiveness, or profitability. It is a business strategy that all size companies will need to adapt if we want to improve our environment. “It just makes sense to pay attention to the environmental impact of our economic practices and try to ensure that our communities are healthy, pleasant places to live.” – Susan WardRead the rest

Living Into the Future

Defining Sustainability

sustainabilityA recent survey published by Boston Consulting Group and MIT revealed that there is no single, established definition for sustainability. Some companies engaged in sustainability focus solely on environmental issues while others include economic, stakeholder, and governmental issues. The study also revealed that although companies differ in their definition,sustainability is a force to be reckoned with and is a concept that is here to stay. (The Business of Sustainability, 2009, Boston Consulting Group)… Read the rest

Learning the Hard Way

Making Mistakes – Right Management

mistake

 Management guru, Peter Drucker once said, “The better a man is, the more mistakes will he make– for the more new things he will try. I would never promote a man into a top level job who had not made mistakes, and big ones at that. Otherwise, he is sure to be mediocre.” At one time or another, everyone makes mistakes, some more catastrophic than others. But the trick is to effectively manage the mistake with humility so that it’s not career ending. Here are some tips to keep in mind when you have made a mistake at work.

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Drucker’s Insight on Leadership

The Effective Leader

leader In two previous articles, we discussed results-based leadership and some of the possible methods of making that happen. I want to share with you some of the thoughts written by the late Peter F. Drucker in an article entitled What Makes an Effective Executive published in the June 2004 issue of Harvard Business Review. In this article, he provides excellent insights into the development of your leadership style. His analysis is broken down into three major categories with steps within each. They include:… Read the rest

Growing the Leader within Us

Leadership is a verb, not a noun. Leadership is action, not a position. Leadership is defined by leaderwhat we do, not the role we are in. Some people in “leadership roles” are excellent leaders. But too many are bosses, “snoopervisors,” technocrats, bureaucrats, managers, commanders, chiefs, and the like. Conversely, many people who have no formal leadership role are excellent leaders. In today’s fast changing world, we all need to be leaders.… Read the rest

Coaching Leadership

The Leader as a Coach

coachMuch like a football team that is playing in the Super Bowl, having a game plan and the desire to win is important. Unfortunately, my Steelers will not have a chance to repeat this year. However, winning depends on execution. One of your primary roles as a leader is that of a coach. Coaches reinforce the results they believe people are capable of achieving.

One way to develop a winning team is to surround yourself with extraordinary people. Another is to surround yourself with ordinary people who through your leadership and coaching achieve extraordinary results. As Sam Walton once said “ … there’s absolutely no limit to what plain, ordinary working people can do if they’re given the opportunity and the encouragement and the incentive to be their best.”… Read the rest

Changing Habits

Our Live of Habits

habitsEvery morning I have a routine to start my day. I get up, brush my teeth, floss, rinse with mouthwash, shower and put in my contact lens. If for some reason that routine is disturbed, I might find myself later in the day wondering why I can’t see well. Have you ever found yourself leaving home and going in the wrong direction in your car because you are not going to work that day, but to a different destination. These are two examples of the habits that develop over time into routinesRead the rest

Business Metrics

Finding Good Metrics for Business Success

metricsLarge organizations, with sophisticated management systems track performance measurements with a religious fervor. What about small businesses and individuals? Do they need and have these measurements of business success? Good metrics go beyond the traditional sales and profit figures from the financial statements. These are measurements of history or time passed. Good metrics measure the present and future trends. They indicate issues that can be addressed in the present, not issues that must recalled from the past.Read the rest

Leadership. Why and How

Leadership, Back to Basics

leadershipIt is often the case that a Board of Directors, whether it is for a Fortune 500 company or a local non-profit, has to recruit and evaluate candidates for the position of CEO or President. When asked what they are looking for during this selection process, the most common answer is leadership. But why do they look for a candidate with leadership skills and how do they determine if that candidate will be an effective leader. Most importantly, they are looking for a person who can accomplish tasks and achieve results. Let’s consider that way first and then two models for determining an individual’s leadership ability.… Read the rest