It’s been attributed to Jim Rohn “You are the average of the 5 people you spend the most time with.” When I first started out in my personal and professional development journey, I read as much as I could get my hands on - especially top leadership books. I was growing a business and leading a team - I needed help.
James Altucher once said, “Read every book, blog, website, whatever about what you want to be an expert in.” These authors became my mentors and “friends” early on in my journey.
They spoke to me in ways mere humans could not, they were a constant companion when I was still an isolated entrepreneur. They were there by my bed stand, in hotel rooms, on planes and while I was at my local coffee shop.
These are some of my recent favorites – so whether you’re looking for a fresh source of inspiration, education, or just plain entertainment, consider checking these out....
The efficient process on how to delegate work to employees is a crucial factor for an organization to run like a well-oiled machine. This also increases productivity and it is a practice common to effective leaders. Although common knowledge, many are struggling to implement delegation effectively. Here are five crucial tips on how to delegate work to employees:
You may already have one, but the goal of this is to revisit all deliverables to identify tasks to delegate to the staff, and tasks that are crucial. Some examples for these deliverables are final approval on projects, unless there is someone on the team sure-footed in making these final decisions. Also, it is essential to assess the size of the workforce to determine the quantity of the workload to delegate.
Now that the to-do list is complete, determine tasks to accomplish daily, weekly, monthly or quarterly. Sort them into milestones...
Delegation is crucial for an organization’s performance and enhancement. It is one of the core components of management leadership. This can be very difficult, as many leaders fail to realize the purpose of delegation and importance of delegating tasks. It is not just the business leaders who are benefited from delegation, but the employees of an organization too.
A common mistake leaders make is thinking they can always do things better than their subordinates. As soon as you step inside your office, you check your emails, then the phone rings, then an employee steps in to have you confirm and approve a minute detail about a task that you could have easily passed on, before you know it, you’re running behind schedule. And you haven’t even begun your own schedule.
If your employees are so used to having to ask you for every step they make, in every nook and cranny they need to check,...
We hear this every now and then. From all nooks and corners of the business productivity world, the notion to “working smarter, not harder” is pretty common. Most of us continue to feel behind tasks and twenty-four hours in a day isn’t enough. This has a negative impact on our productivity.
Obviously, working more hours is never the right solution because being overworked could affect our health, families and many other elements of life. We’ll share a few lifehacks with you today. Below is a list of the 3 steps to working smarter, not harder:
Yes, you have a list of the things you need to get done, they are even meticulously categorized to avoid getting mixed up, and even organized according to priority. You spent time detailing your workflow but if you do not check your list as rigorously as you made it, it won’t work. Lists are good, but it won’t be effective unless you keep a tab on your tabs.
As for We can’t emphasize more on the importance of business systems to maximize your business' growth potential. If you have read our post about the most useful tools but need guidance on deciding which tasks to delegate, you are in the right place. Here are four business owner responsibilities to create a system for.
It is understandable that we become hesitant about delegating this crucial element. Especially when we are handling business at its infancy stage. But even if your main expertise includes handling HR function, having a system in place is elemental.
For large companies, a dedicated employee portal is essential, but with the tools we have previously listed, creating a business system for your HR is possible.
Take interviews, in one way or another you would need to set standards and parameters to hire the best candidate. Using these standards in your system decreases the possibilities of human error and bias.
Knowledge assessments and personality...
Delegating helps you get more done and is essential to being an effective leader. To realize your organization’s maximum capacity, learn to improve the skill of effective delegation. Just like any other skill, this can be acquired and enhanced. Here are three proven tricks on how to delegate tasks effectively and watch your team succeed.
Sometimes it can be difficult for a dedicated entrepreneur or a leader to trust someone else to do something that they have mastered through time. Being able to trust that your subordinates can learn the abilities and skills required to complete a deliverable efficiently is crucial.
If you are uncomfortable about this, start with delegating the smallest responsibilities. Then progressively increase the responsibility. Your concern should be the outcome, not the minute details of the process. This will give you time to get to know your employee’s strengths and weaknesses and builds camaraderie among the...
Use the annual income calculator below to track how much you'd like to make each year. In addition, consider the variables and impact of how many hours and weeks you'd like to work? Carefully considering your goals and calculating will help yield information on how to structure your business.
How many hours a week do you wish to work? 50? 30? Although the Bureau of Labor Statistics reports the average US worker puts in 44 hours per week, Gallup and other polls put the number between 47-49 hours. (And Forbes and Inc magazine calculate the average entrepreneur works nearly 60 hours per week.)
How many vacation days do you want off completely each year? (Did you know the average US citizen takes 17.2 days off each year according to the US government?)
Check out this annual income calculator to determine all these variables and what your hourly rate...
Having standard operating procedures (SOPs) in place increases your efficiency and optimizes your business processes. All businesses in any industry and scale must follow standard operating procedure guidelines.
Following a standard operating procedure guideline will improve your continuity and service to customers. This also helps whenever you need to train new members of the workforce, as procedures will already be outlined for them.
Every entrepreneur should follow these standard operating procedure guidelines. The success here is the ability to automate processes, transfer skills, and dexterity to focus on the bigger picture of growing your business. In this article, we walk through standard operating procedure guidelines to empower your organization.
While it is best to write down everything you do, this is not always possible due to time constraints.
Many small and medium-scale entrepreneurs handle the operational tasks of the business themselves. Yet they recognize the fact that an entrepreneur should work "on" the business not "in" it. These examples of small business systems creation are crucial to grow and scale your business.
Sometimes it is just because there are too many options to choose from when looking for examples of business systems entrepreneurs use. This results in being inundated with too many small tasks and duties that need to be done daily.
These repeatable activities - left to the entrepreneur - create bottlenecks in scaling up the business. Fortunately, there are ways to avoid these roadblocks.
Whatever industry you belong, your business goals must be clear - and these goals must include clear processes. As a business owner, the role you must prioritize is to organize your own processes to delegate. Pretty obvious, and easier...
Cash flow. It's the heart of any business. And your family finances. We need cash to survive. Pay the bills. The employees. The mortage, groceries and so much more. How do you manage cash flow in up - or down - economies?
As I write this on March 18, 2020, coronavirus headlines of economic hardship realities are all around us. People are hurting, businesses are closing, bailouts are rumored, bankruptcies are happening. How will you respond?
Fear is gripping people. Families are being impacted and I'm sure yours is one of them. "How will we survive," you may be asking?!
Therefore, in an effort to be proactive and help, I'd like to share a practical resource. This will help your family and business plan and forecast through these challenging times.
I have a Cash Flow Forecaster I've developed and used for years. You can use it for both your home and business budgets.
I've shared this with friends, clients and family. It helps give you a clear view into...