Ready for some business building growth strategies?
I'm Chris Niemeyer, Founder of the FREEDOM Business System™.
If you're a business owner, have you ever considered that your business, no matter the size, is like a multi-story office building?
First, pick your favorite city. Locate one of those skyscrapers or buildings and visualize that building represents your business.
Every floor is a unique area of your business. You've got different departments. Different floors represent areas, opportunities and part of the operations of your business.
So, marketing maybe on one floor. Sales on another. Operations, HR, Finance, etc. Go through your business, all the functions that make your business a well-oiled machine. Consider that every single floor of that building is a separate piece.
Where is your Suite? Where is your sweet...
As we repeatedly checked several important factors in previous posts, we noted some elements that kept on coming up. So from our deep-dive on creating guidelines for business owners to scale up, we’ve determined the top three duties of an entrepreneur and how to delegate them.
Whether you are in retailing, a tech startup or a service provider, you are the master planner of the venture you’ve decided to take on. When starting out, you should be the one to clearly identify who your customers will be and what your product or service offerings are. You must establish how these deliverables are going to be completed. And finally, you must have a clear view of how are you going to make money out of it.
As the business grows, however, delegating this may become necessary. As one of the top duties of an entrepreneur, passing this on to someone else could be tricky. To effectively scale up, you might...
Admittedly, learning how to delegate effectively is not something learned overnight. If you are good at what you do, you've likely mastered your craft and have found some ways to be good at other areas of your business. Learning to let go - and the fear of losing control - is real for many entrepreneurs. Delegation takes practice, refinement, and updating. But you have to start! Let's dive in to see why delegating is so effective and ways to get started in learning how to delegate.
If you're in business, you're collecting money. (Last time I checked you had to be making some money to be in business.) So let's start here and discuss one small area of your workweek in collecting payments.
Let's say you've mostly automated your invoicing, reconciling payments, etc. You've got it down to a science and you can do all the manual invoicing or reviewing of...
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...