Womens Leadership

Savor DallasI moved from working in my business to working on my business!
Jim White, Founder Savor Dallas
http://www.savordallas.com
 
CoachWorks InternationalI found a community of business leaders who make being in business a lot more fun and less lonely.
Jeannine Sandstrom,
CEO CoachWorks International, Inc.
http://www.coachworks.com
 
The Sales CompanyI now have a place to be open about my business success and future challenges.
Debbie Mrazek, CEO The Sales Company
Author The Field Guide to Sales
http://www.the-sales-company.com
 

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Posts Tagged ‘entrepreneur’

Written by David Mammano

Otherwise known as the idea train, an entrepreneurs’ way if thinking is her biggest strength and, if not carefully managed, could be her biggest curse. I probably have a new idea every day. And at the time I have it, I usually get so excited that I think it’s the next best thing. In mind, at that time, I have just made Steve Jobs look like an amateur.

Ok Dave – whatever…

But, at the same time, some of my ideas are pretty good. I wouldn’t have a successful business if they weren’t. And of course, some of my ideas are….let’s say, put on hold.

If I actually acted on all my ideas, my company would have imploded a long time ago. One can stretch a company too thin where it begins to lose focus. I started in this direction a few years ago. A member of my team made a comment to me that was very enlightening. She said, "I feel as though lately we are growing like a shrub instead of a tree."

It was a very powerful statement and made me think about pruning the shrub so we can grow like a tree again. And we have.
Now when I have ideas, I present them to my managers first to flesh them out. This can be a frustrating experience because entrepreneurs and managers think differently, thank God. If he’s smart, the entrepreneur has surrounded himself with detailed managers who can say no to him when appropriate. Most entrepreneurs don’t like their ideas to be grilled and possibly put on hold or nixed for the benefit of the company. So, he will give his managers the right to set him straight if the idea is not the best for the company at that time; or needs to be altered/killed.
Of course, I can do whatever I want within my own company. But in my mind, it’s not my own company. If I don’t have the buy in from management and the rest of the team the idea will never take shape.

So here is my 10 step plan on how to entrepreneurs can deal with their ideas:

  1. Marry well. Your spouse should be the first one to tell you if the idea has merit or if you’re smoking something. You can save your team a lot of time if your spouse can nix the idea first. My wife has a special talent to see through my special"forest" and if I am in "DaveLand" with one of my ideas, she’ll let me know. "DaveLand" is actually a great place! The sky is red and there is fun everywhere (and great food), but it’s not for everybody…
  2. Hire well. It’s obvious, but some ego maniacs surround themselves with minion-like people. I have empowered my team to challenge me and let me know when I am getting off course. If I did not do this years ago, my idea train could have derailed the company.
  3. Develop a process to discuss ideas with your management team. Form a R&D committee or just have a discussion at your weekly manager meeting
  4. Explain the opportunity or problem to solve and see what they come up with first.
  5. Present your thoughts at a very high level. Don’t get tactical yet. Just the 50,000 foot view.
  6. Be calm. Don’t try to "sell" your idea. Stick to discussing the opportunity in a calm, rational way and let the conversation flow. If your managers feel they are being sold an idea, their BS meter may go off. This could really change the direction of the discussion.
  7. Ask them to pitch the idea back to you. Then ask, "What does it look like when we, as a company, execute this idea really well and so that it doesn’t strain the company?"
  8. On a white board, brainstorm all the reasons why you shouldn’t move forward with the idea. Then, list all the reason why it’s a good idea.
  9. Listen half as much as you talk.
  10. Be ready to walk away from the idea, or alter it.

It seems like a lot to go though, I know. Many entrepreneurs might be reading this and saying, "Bull! The reason I started a business is to do whatever I want, whenever I want!" That may work if you are a one man show. But if you have people working for you, you’d be smart to rely on their intelligence to guide you. Hopefully, that’s a big reason why you hired them.

Another big reason to go through this process is the actual execution of the idea. Traditionally, entrepreneurs are builders of ideas but not always great at seeing them through. You’ll need your team to embrace the idea if you expect them to execute it well.
Bottom line; make sure you allow really great passengers on your idea train who can help you drive.

Enjoy your ride.

Well I guess I am busted in a way, lol. The other day someone was reading our BLOG article about our clients being mostly baby boomers and decided to do some research on who we really are. According to them their research led to a Dallas Morning News article about our business as a success story. That then led them to our original business site the one80group. Not to be happy with their results they decided to search for us on some sites like linked-In and FaceBook. After a while the individual came across my profile on face book that I setup some time ago.  After browsing around my profile for a while they came to a question that they were very curious about.

Why are almost all of your friends and clients women?

To the average person it my look real simple. Here I am a "Married" nice guy with all these wonderful and beautiful women as friends. Conclusion, "hey he likes women," just like all the other men on the planet that fall for hooters and well pretty much anything aimed at men that includes women. Well, hate to disappoint our little researcher, but my friends are mostly women on FaceBook because I  love working with open successful women. I am a type of entrepreneur that loves to be collaborative and supportive of each others dreams. I have found from my experience that women on the Internet work better together and believe in a common good. Most of the successful guys I know only want themselves to make more money, not everyone in the group. One of our clients the other day made a joke at the National Association of Women Business Owners event we were speaking at "here’s Mark surrounded by all these women again." I was like yep… I wouldn’t have it any other way. I would rather change the world than change my golf clubs. Here is my top reasons for having mostly women as my friends and clients.

  1. Care about me as a person
  2. Want to make a difference
  3. Ask about my son
  4. Have a sense of humor
  5. If they disagree you can still be friends
  6. Are good at relating to people
  7. Dress as nice as I do, shirt and tie at work even when business casual. No Jacket though
  8. Collaborative
  9. Believe everyone can be successful
  10. Appreciate my knowledge
  11. Know what they like and don’t like
  12. Will buy you a massage
  13. Send nice cards to you
  14. Checks come in pretty envelopes
  15. Ask questions
  16. Will tell you if you smell good
  17. Like nice cars with style like me. I drive a JAG.
  18. They are pretty
  19. They smell nice
  20. Don’t ask how much I bench
  21. Talk about their dreams
  22. Talk about mistakes and success in life
  23. Write nice emails
  24. Appreciate beauty
  25. Like dessert, even if they shouldn’t :)

Now remember that our clients are not 20 something. So, no need to send me an email saying "I know lots of women and they aren’t anything like this." With age and experience comes wisdom.

Written by David Hurley

For nearly everyone, time is a scarce commodity. Yet, it is a common fallacy to suppose that when you start a home business you will suddenly have more hours in your day than you did when you worked for someone else. But once you actually get started in your own business it won’t be long before you feel as if there are not only fewer hours in a day, but that those hours seem as if they have fewer minutes in them.

Time management is not an easy skill to teach. Rather, it is a process that has to be learned through constant practice. Many tools are available to help people manage their time, but they have to take the initial step in getting started before they can make better use of the time they have. The development of time management skills will also help you balance the demands of your work and home life. This is commonly referred to as creating a work-life balance and to start you need to be aware of how closely work and home life are related, particularly for the work-at-home entrepreneur.

Do not make the mistake of separating your work and family life into two separate schedules. With the two so closely connected, you should keep all your appointments clearly written on a single calendar so that you can quickly determine whether or not you can fit other appointments into your week. The important thing is not so much the price or quality of the planner you use; the only thing that matters is that you get a planner with a calendar and use it regularly.

Consider your priorities before you fill out the calendar. Fill out the calendar for the whole week and try to allocate time for your long term quality projects as well as the immediate and pressing priorities. Try to reduce the amount of time spent on unimportant and unproductive activities. Constantly review your goals for the week, the month and the year, as well as your longer term goals, and consider how you will move towards each of them, even if only in a small way, each week. That way, you will keep your dreams and your highest aspirations alive and constantly in view. That is one of the most powerful motivators you can have – the constant reaffirmation of the goals that drive you.

However, even the best laid plans stand to be disrupted as new contingencies crop up each day, such as emergencies and unforeseen customer demands. One thing to bear in mind is that when a customer emergency comes up and is in direct conflict with a scheduled event, you will have to decide on where your priorities lie on that specific occasion. If you have an assistant to whom you can delegate the customer issue, that’s a bonus. If not, the customer may have to wait until after you have completed your scheduled task or spent quality time with your family.

When setting daily priorities, you should always begin with a block of time being set aside as contingency time. That is, a period of time set aside specifically to handle unexpected issues, even if it is as little as 15 minutes. If nothing happens, you can feel justified in rewarding yourself with an extra 15 minutes free time at the end of the day. However, if something does occur, you have some slack time in which to attempt to resolve it without throwing a spanner in the rest of the day’s schedule.

One of the best habits you can develop is to better manage your time is to establish a minimum of 10 minutes either last thing every evening or first thing every morning to review what you have to do on the coming day and try to accommodate any tasks on yesterday’s list that were not accomplished. This daily planning session can be the last thing you do at your office, or before retiring to bed, or the first thing you do when you get to your office, or something you do with your first cup of coffee. When you do it depends on the way you prefer to work, but the important thing is that you do do it! Get into the habit of reviewing your daily plans and then stick to the plan throughout the day.

About the Author

David Hurley writes articles on Internet marketing strategies and publishes a free Internet marketing newsletter which is available at: Grasp-The-Nettle.com.

If you find yourself unable to get clarity in your business, please don’t feel like you are alone. Many entrepreneur have this issue; with all that is required to run your own company as well as try and have a personal life and family. When we find ourselves stuck in the trap of endless things that need to be done and to do lists that don’t get done, we pull out our own executive coaching brain dump exercise and get to work. After a short while using this exercise we are back on track and marching ahead in our business.

Business Achiever Brain Dump Exercise

First things, first. To begin to move toward what we most want, we must move to a place where we have balance in our life. The very first component of reaching balance is clearing the mental busy-ness present. From shopping lists to well-intentioned ‘to-dos’, the mind is a great clearing ground.

To begin the brain dump process, print the page and use the lines provided below to list all the things that are on your mind. For each item, note whether the thought of doing it is welcome (+), not welcome (-) or neither (=). You will need to tune into your body and quickly note what you feel when you either read it or say it aloud. This should not take more than a few minutes total for the entire list. Go with your first feeling and do not judge these feelings. This is your body’s way of showing you what you naturally want to do or don’t want to do in your life and business.

Keep in mind that each item on your brain dump list represents an energy + (bonus), energy – (drain) or energy = (neutral). For instance, sending a note to a friend just because you are thinking of her can be an energy +, and even though the note isn’t likely to be a priority, you get an added bonus of more energy to accomplish more items on your list.

Energy Strategy: If you have a hard time getting started on accomplishing items on your list, choose three energy + items then move on to energy – items or energy = items.

EXERCISE

This exercise will infuse you with energy! After you complete listing your items, for the next week, work through your list. Notice which items are the hardest to start/complete, and list each here with notes about the thoughts that come to your mind before attempting to do it. Do not judge your inaction, simply notice what arises when you think of taking action. Acknowledge those items you do complete by crossing them out with a large, wide-tipped marker:

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Now, have fun and get your business moving.

Written by Michael E. Gerber,
Chairman and Founder E-Myth Worldwide

Yes, believe it or not, there is such a plan.

A business plan that always works.

And believe it or not, you’re going to learn how to create such a plan, your plan, in the next few moments.

Now for those of you who believe deep down in the recesses of your cynically- disposed hearts that there can’t possibly be anything that always works–- especially a plan–the following is going to be a bit of a stretch for you. But hang in with me here. The Business Plan That Always Works is so devilishly simple and straightforward, you’ll wonder why you didn’t see it before.

You see, that’s the beauty of it, this Business Plan That Always Works. It’s so very simple. And that’s probably the primary reason it always works. The Business Plan That Always Works is so simple that anyone who understands it can do it…which is to say, that if you can’t do a plan easily, there’s no point in planning. Despite what you’ve learned over the years, planning is only hard when it’s done the wrong way. And to do a plan easily requires that you approach the whole subject of planning in a completely different way than you’re accustomed to. But I’m getting ahead of my story.

The Business Plan That Always Works is built upon one Fundamental Principle that all the plans that never work fail to understand.

(When I say "all the plans that never work," I’m referring to the kind of planning you’re accustomed to doing–if you do any planning at all– the kind of planning that doesn’t work, has never worked, will never work, the kind of planning every single professional you know who’s trying to plan is attempting to do even as we speak despite the little-discussed-and-depressing fact that not one of their best laid plans will ever make one difference in their lives at all other than to unnecessarily frustrate, infuriate and intimidate them, while keeping them busy– uselessly and unproductively– for hours upon end!) You know the kind of plans I’m talking about here. The kind of plans that create gobs of guilt because you don’t keep them? The kind of plans that create enormous bouts of self-loathing because you never fulfill them? The kind of plans you make with great effort and tedium, only to find yourself later on doing something completely different than you had planned to do and wondering how you got there from where you began?

But let’s get back to that one Fundamental Principle I’m talking about that differentiates The Business Plan That Always Works from every other plan that doesn’t.

I call this Fundamental Principle, the Heart-Centered Principle of Planning.

(Now, bear with me here. I know this could begin to test your hidebound impatience. You’re an entrepreneur after all. World-wise and world-weary. You’ve seen everything, done everything, been beaten up by everything. You know with every close-to-cynical breath you breathe that language used capriciously can be a dangerous thing. After all, don’t you do that for a living: use language to produce results? Well, of course you do. Don’t we all? And it can get us all into serious trouble. But despite that, bear with me anyway. This path I’m leading us down is a path no one has ever taken you down before. And it’s not capricious. It’s deadly earnest. And because of that it can get a little sticky in moments. It can test your patience in moments. It can put me into question in your mind in moments. Despite all that, and despite your natural reservations, let’s proceed a few steps further and I believe you’ll truly begin to relish this thing we’re going to do together, this thing I call The Business Plan That Always Works.)

The Heart-Centered Plan is so distinctly different from its opposite, The Head- Centered Plan, that it’s important to define the distinctions carefully.

There are Seven Essential Rules of Heart-Centered Planning, of creating The Business Plan That Always Works for you.

These seven rules are:

Rule One

The first rule says that Heart-Centered Planning begins and ends with a feeling, while Head-Centered Planning begins and ends with a thought. To understand this rule, it is critical that you know the difference between a thought and a feeling. Most people don’t. (Don’t laugh, they really don’t.) Most people often confuse their thoughts with their feelings and their feelings with their thoughts. How do you know the difference between a thought and a feeling? A feeling resides inside your body; a thought resides inside your head. Let me say that again so that it sinks in. A feeling resides inside your body, while a thought resides inside your head. Most of what you’re doing right now as you read this article is a thought which is going to turn into a feeling, rather than a feeling which is going to turn into a thought. Heart-Centered Planning starts with a feeling, turns into a thought, and ends with a feeling. Head-Centered Planning begins with a thought, turns into a feeling, and ends with a thought. The rule here is that any plan that ends up in your head is a thought, and, because of that, won’t work. The Business Plan That Always Works is dominated by your feelings, not by your thoughts. And because of that, it is propelled forward because you want it to work, as the expression says, with all your heart. The point I’m making here is that despite everything you’ve been taught to the contrary, cerebral motivation has no momentum of its own. Thoughts die cold and lonely. A plan which describes the future, with no heart, is a plan destined to fail. The Business Plan That Always Works therefore, is a plan which begins and ends in your heart…which means it’s a living plan, not a dead one. Which means that it possesses an enormous amount of energy, which people describe as passion. And we all know what passion can do when it’s poured into a personal cause. That’s what The Business Plan That Always Works is, after all, a personal cause filled with passion.

Rule Two

Because Heart-Centered Planning begins and ends in your heart, rule number two says that The Business Plan That Always Works must be your plan and no one else’s. It must begin with you and end with you. It must be your plan. Any plan created by someone else on your behalf will absolutely never work because it simply isn’t your plan. And no matter how hard you try to implement someone else’s plan, no matter how hard you work at it, even if you succeed at fulfilling its objectives, you will ultimately feel like you failed. Winning with someone else’s plan is always "felt" as losing. In short, The Business Plan That Always Works is always the product of the person who is following the plan, original to him or her, personal to the max, born in the heart, and because of that, very, very private. Rule Number Two says, "Don’t go outside of yourself for your plan because you can’t find it there."

Rule Three

The way to know what your heart wants is stop thinking about it. To discover your plan, stop thinking about it. Pursue something else. Spend a day, two days, a week, it doesn’t matter how long, only that it accomplishes this objective, that you spend free time doing something you truly love to do, that you don’t ordinarily do because you can’t afford the time or the money to do it. Skiing. Boating. Fishing. Dreaming. Hiking. Running. It doesn’t matter what it is; for every one of us it’s different, but it does matter that you know what it is. The truth is we, all of us, spend very little time truly loving
what we do or doing what we love. We spend most of our time instead wishing that what we are doing could be more fulfilling. The reason for this is that we are mostly disconnected from our hearts, and spend the preponderance of our time instead actively pursuing thoughts about what we would be doing if we were happy, than experiencing what it means to be joyful in our hearts in the moment. So, to create The Business Plan That Always Works calls for us to experience, as fully as possible, the end product of an exciting plan which is the experience of joy which your plan must create for you in order for it to work for you. And to experience that joy requires that we spend more time before we create our plan, tasting the emotional fruits of it.

Rule Four

Most people think of a business plan as a series of benchmarks, or objectives. There is that kind of plan, but that’s not what I’m talking about here. A series of benchmarks or objectives delineate actions to be taken in a progressively completed process, but they fail to provide the inner motivation essential for a plan to become a realization. While the steps must be identified before anything can be done purposively, the essence of The Business Plan That Always Works is always able to be summarized in a brief, declarative statement which always beings with "I Want…," and always ends with an experience of having moved forward from where you are…and can be demonstrated by your new ability to do something you love to do more often than you’re able to do it now. For example, "I want to be able to spend eight days white water rafting in Montana on the…, etc., etc." Note that the objective here is not something to have, but something to experience. To feel yourself experiencing something you love before you actually experience it is tantamount to experiencing it. Experiencing the experience is core to the successful realization of The Business Plan That Always Works because it distracts you from your head where thoughts reside and puts you squarely in your body where feelings reside. Put another way, the experience at the beginning of the plan, tied to the experience at the end of the plan creates an emotional bridge for you to cross. Without that emotional bridge, most of us find ourselves sweating around among the stones, boulders and mud beneath the bridge, completely oblivious to the fact that the bridge even exists!

Rule Five

Having created an emotionally exciting picture of what you want, it is critical that you create a series of Frames of Reference within which you achieve it over a specific amount of time. A Frame of Reference is like a landing reached on your way up a mountain. It enables you to taste the climb, while resting with a look back and a look forward. Anyone who has ever done this (and we all have to some degree or another) knows the personal inner joy that comes from resting on the way forward, while getting a clear sense of where we’ve come from and a new picture of where we’re going. As a boy, I used to go to Yosemite with my parents, and we would climb for a few hours at a time up the long, sloping trail of one mountain or another, where we would stop from time to time and sit on granite boulders by the side of the trail, look out over the valley, taste the cool fresh air, and listen to the waterfalls off in the distance. There has been very little I’ve experienced in my life that is permeated by such sweetness as those experiences…those climbs and stops. Those moments of looking back and looking forward. Those sweet, lazy moments in which our plan was in the process of being realized while being realized, all at the very same moment. The Business Plan That Always Works must allow for those precious, sweet moments, those continuous Frames of Reference, because without them there is just the incessant climbing, the reaching for the top, the obsession that comes from an impatient thought, the drive to reach a conclusion. Most plans are like that. They drive us, but they don’t renew us. They compel us, but they don’t reward us. Such plans may move us forward, but every part of our body ends up resisting the movement even while obeying its dictate. This is the planning of "you should," and "you’d better," rather than the planning which comes from an inner desire, a taste of freedom, a wish for renewal.

Rule Six

Rule number six says that the plans we create reflect the life we live rather than the life we want to live. This may seem like the opposite of everything I’ve been saying up to now, but in fact it is not. The truth is that one cannot plan to be someone one isn’t. One cannot create a plan one is unable to implement. One cannot imagine becoming someone one isn’t. One cannot love what one cannot experience loving. And so rule number six states that in order to create The Business Plan That Always Works, we must be passionately interested in who we really are and what it is that really moves us. To do this then, we must every day ask ourselves this question, "Who am I?–and then answer it! The fascinating thing about creating The Business Plan That Always Works is that it calls for us to go inside more deeply than outside as we would imagine. This planning has to do more with who we are than who we are going to become. The fact is that anyone who has done this work, that is, pursued their inner reality with a passion, has discovered that in the process of becoming more who we truly are, we discover what we want. And in that discovery, our plan becomes self-evident. "Oh, so that’s what I want," this experience says. Or, put another way, "Oh, so that’s who I really am." Rule number six says that we must do this thing over and over and over again until it’s a permanent fixture in our lives. Only then will the Business Plan That Always Works become self-evident.

Rule Seven

Rule number seven says that until we are able to do rules number one through six with ease, anything we do which closely resembles them is better than anything which doesn’t. In short, rule number seven is a mantra which says, "Follow your heart, or your head will destroy you." The most productive business planning is not thinking about ends; it’s about experiencing means. It’s not about the objective; it’s about the process. It’s not about getting things; it’s about becoming more human. It’s not about winning or losing; it’s about sitting on the edge of the mountain on the way up, neither going forward nor going backward, to savor the intensely sweet joy of the moment. It’s not about pushing yourself, but about experiencing yourself. And, as a business owner, this is as true for your clients as it is for you. Which is to say that if you are unable to understand this truth I’m sharing with you, you will be equally unable to differentiate yourself in the heart of your clients from all those other pushing, striving, dying-to-get-there competitors all around you. And isn’t that what The Business Plan That Always Works for an entrepreneur is essentially all about? To put you into a truer, more meaningful relationship with your clients? And to do that, can you see that you must first be in a true relationship with yourself? The Business Plan That Always Works will put you there every single time. Who could ask for anything else?

Michael Gerber is chairman and founder of E-Myth Worldwide. He reminds you that the opportunity is to go to work ON your life not IN it, and in the process to experience the sweet, radiant, extraordinary joy of the fully-lived moment. His Web site is www.emyth.com.

Every person from every walk of life has 24 hours in a day to accomplish all that he or she can. As any successful entrepreneur or executive will attest, the art of delegation can dramatically increase productivity at the most critical level.

While most business owners and executives know they should spend time in areas that will deliver maximum return on invested time to business operations, many of the most well-intentioned people wind up focusing on what is priority – not what actually improves profits or productivity.

This syndrome of working “in” your business rather than working “on” your business is common, yet there are many ways to proactively take charge of your time. One is learning to systematically delegate tasks that can be performed by someone other than the chief decision maker.

The art of delegation follows these eight steps:

1. Eliminate before you delegate. Some tasks are not necessary. Before making your list of tasks to delegate, make a list of those you can eliminate entirely. For instance, if you are filing paper documents that you have electronically filed elsewhere, and these paper documents are not required for legal reasons, you may be better off eliminating this task.

2. Plan your delegation. Make a list of routine tasks that do not gain value by you performing it. Easy tasks often stay on busy owner and executive desks because they are quick and easy to perform. Systematically delegate to-do items with your overall schedule in mind. Do not haphazardly give out tasks without knowing what you hope to achieve from delegating these duties.

3. Set realistic standards. Not everything has to be performed 100 percent perfectly. While your standard may be very high, consider a lower, yet acceptable standard for tasks that can be performed by others. For instance, if you can perform a task in 15 minutes, but it takes another person 20 minutes to do the same task and the result is the same, is your time better spent elsewhere?

4. Assume others enjoy responsibility. Many high-achievers assume that others do not enjoy taking on added responsibility or that others simply will not take the job seriously. In many instances, this thinking is not true. Look for others who perform their duties with a similar work ethic and begin delegating appropriate tasks.

5. Set clear expectations. Once you’ve identified a person you trust with task(s), be sure to be clear in your communication of what your desired outcome is. People often want to succeed, yet when left to their own judgment can fall short of your vision.

6. Let freedom ring. While you may have been doing a task for many years, a fresh perspective may offer a faster solution or a new insight on an old issue. Give those that you delegate to the freedom to offer solutions that may save your company time and/or money.

7. Pay the price. Invest short-term time in training to gain a long-term increase in productivity. While there are associated opportunity costs related to delegation, the long-term payoff can significantly pay you back.

8. Know your role. Delegation means that others will take duties from you to perform, but it doesn’t mean that they assume full responsibility without some type of follow-up. Continue to manage the process at arm’s length and allow all parties to do their share of the work.

When it comes to delegation, keep your eye on the real prize. The ultimate goal of delegation is to free up more time for you to spend on higher level activities that will, ultimately, add to your bottom line. If delegation means improving processes to make it easier for all involved, consider the big picture before making your final decision.

This smart, creative book written by Barbara Corcoran, New York City Real Estate legend and entrepreneur extraordinaire, is a great read. It is based on Barbara’s mother’s great advice and she shares in almost startling detail how she this advice helped her climb to superstar status.

What I love about this book is that it is full of can-do spirit and entrepreneurial adventure. From a run-in with The Donald to super hiring strategies anyone can implement.

This real-life business memoir is chock-full of great tips and features Barbara’s rise from apartment office to one of the most successful real estate companies in Manhattan. I never heard of Barbara before discovering this book at a used book store recently, but she has my complete admiration for her spunkiness and perseverance. This is a great read for inspiration as it details the ups and downs on her rise to the top.

And, if you like this book… Barbara just released a new book (April 2008) called Nextville: Amazing Places to Live the Rest of Your Life. For those of you who serve Baby Boomers, this may just be a great resource. In her new book, she turns her keen eye toward predicting “the next big thing” in real estate-where and how the over 77 million baby boomers will live when they retire. Barbara identifies the top eight trends that are changing where (and how) boomers are retiring.

While the book is geared toward helping Boomers figure out what’s most important in their next place-whether it’s pursuing passions, living green, finding community, living young in a city or college town, or even staying right in your old home town, this book can give you ideas about how to think about ‘the second half’ of life.

In the last few weeks, I’ve met with more people around this subject. Sales aren’t declining, nothing bad is happening, but there’s a nagging feeling that there’s more that could be done.

Enter… The Opportunity Audit!

This is a process we use where we basically ask a lot of questions about what you are doing, why you are doing it, and ask what you really want to be getting out of your business. As strategists, we are mining for the trends and patterns that you probably can’t see because your business is so familiar to you.

The effect?

One client moved from stamping out fires to taking charge. In two days what seemed like a huge problem corrected itself and this veteran entrepreneur has a plan of action to increase rates in a way that will deter clients from leaving.

Another client wanted more business but wasn’t sure where to start. We started with areas that haven’t been touched in years. In less than three months, this consultant’s client load increased a whopping 33%!

If you would like to chat about how we can help you do the same for your business, contact Brandie for a complimentary 15 minute consultation.

One of the biggest challenges entrepreneurs face is moving from fear to trust. Most new entrepreneurs go through a progression of ‘I’ll take anyone who can write a check’ and move to one where they know the clients that work best for them. What can make this transition that much easier is realizing that there is plenty of business out there. When you combine this understanding with a strategy to attract more of your very best clients (more on this in a future Marketing Mojo) you can have a virtually unbeatable marketing combination.

Here are 5 reasons to stick with your ideal client!

Reason #1 – Taking the Wrong Clients Wreaks Havoc on Your Marketplace Trust

“I don’t trust that if I give up one that I’ll get another one,” the entrepreneur says. Our entrepreneur takes the non-ideal client (misfit vs. perfect fit), loses money on the deal, and then the misfit client goes out into the marketplace and erodes external trust. The misfit tells one, two, 10, 20 people about how awful it was to work with the entrepreneur. Each of those people may tell another two or three, soon that company has a little trust leak that could have easily been avoided. If the misfit enters the online space, then there’s an immediate way for others to know about the less-than-ideal client – and about how that client was underserved.  

Reason #2 – Misfits Offer Opportunities for Leverage

It isn’t about saying one company isn’t as good as another. It’s about having the integrity to bypass the companies that will not be best served by you and your company. These misfits are not a fit for your company; however, they are a perfect fit for another company. If you know what your ideal client is you use your ideal client profile, a misfit may simply be passed up. But, if you understand the law of reciprocity, you can leverage the non-ideal client for future profits. Here’s how.  

Let’s say that you interview a company that is really not a good fit service-style wise. Let’s say you are a high-touch company and this company isn’t really interested in that. This company wants a bargain basement price and does not value highly personalized service. If you have a list of referral sources ready for these occasions, then when a company comes along that wants the lowest price, it is easy for you to refer this client to a reputable firm that will offer a service-match. Likewise, with a strong reciprocal relationship, the referred-to company can refer those companies they meet that want a more high-touch relationship that they simply can’t offer due to low cost.

I see companies that let misfits go, but I don’t see a lot that take the next step to find a solution for their misfit. When you use this strategy, not only do you leverage the relationship of the referred-to company, but you also leverage the referred company – the misfit client. The way it works is that they see that you have their best interest in mind. Because this is true, you’ve ignited the law of reciprocity not once but twice. The law of reciprocity causes an individual to feel the need to reciprocate a kindness. This deal works best when you don’t expect anything. You do your best, take care of clients like they are your mom, and others tend to want to take care of you. Simple, yet oh so powerful.

Reason #3 – Like Attracts Like

One of my favorite benefits of working with an ideal client profile is that there are more ideal clients where those came from! Generally speaking, like attracts like so ideal clients tend to know others that are similar and therefore a source of better referrals. Think about how much time it takes to work with a referral that is not a good fit. It is time-consuming, even though it can still be beneficial (see #2 above). Still, in the end, wouldn’t you rather work with ideal clients who send people who are similar? I thought so! The ultimate benefit to this reason is that getting more ideal clients takes a lot less work.

Reason #4 – Builds Leverage in Centers of Influence

A big buzz word thrown around these days is social networks. The reason these social networks are getting so much attention is because they are powerful. In very short order, a connected group of social networks can build a brand virtually overnight. A good example of this is how Timothy Ferris’s book, The 4-Hour Work Week, debuted at the top of the New York Times Best Seller list after being promoted in key centers of influence through blogs and other means. When you work with your ideal clients, a similar phenomenon happens within your niche. All of a sudden your name is tossed around more than Paris Hilton. You become a big buzz in your ideal client niche. Suddenly, your marketing efforts are earning big dividends – with the same amount of, or less work.

Reason #5 – Creates a More Powerful Brand and Company

When entrepreneurs try to serve anyone and everyone, it spreads resources thin and dilutes focus. By focusing on an ideal client base, you, the entrepreneur can then dedicate time and energy to serving and constantly meeting the needs of your very best clients. The result is usually a higher per-customer sales average, a more loyal client base of raving fans, and a client base that grows with you as you grow. The more consistent your message is and the more direct your services and offering, the more powerful you appear to your market. Clarity of vision feeds clarity of the ideal client which results in strong sales and a never-ending opportunity to serve those you work with best.

In the bigger picture you do business a certain way – we all are unique in who we are. This unique service style combined with the services you offer are a perfect match for certain individuals and companies. That’s the short of it. Just like a puzzle piece, there’s an interlocking fit between you and your ideal client. Those clients that are not a good fit are free to bypass your door and move to the best company to serve them. What could be better, right?

Nothing is much better, honestly. If you are a services company, then you already know how painful (and very unprofitable) a client that is not a good fit can be. Face the fear, refer the misfits, and serve your ideal clients. It’s a winning combination that makes profit and sense.

How well do your employees understand what’s expected of them, and how well do you or they manage those expectations to increase performance and meet company goals?

Effectively managing staff and communicating each employee’s role are perhaps two of the most difficult tasks you will face as an entrepreneur or executive. Performance expectations based on performance may appear bipolar depending on whether the employee knew what was expected of them. Many good-hearted managers are well-intentioned professionals who advanced into management based on their own job performance. As a result, unless they receive proper training or coaching, these managers lack many of the skills required to skillfully manage employees and positively impact performance and productivity. To add fuel to the fire, many companies lack the tools necessary to adequately address an employee’s work performance because job descriptions are either dated or may not exist at all.

Lack of both job expectations and the knowledge it takes to communicate the expectations can take its toll on properly managing employees because employers constantly must redefine employee roles. In a perfect world, the astute employee would know what’s expected, and would turn those expectations into increased performance, and, ultimately, an increase to your company’s bottom line.

So how can you redefine employee roles to increase performance? Perhaps it’s best to follow Stephen Covey’s advice and begin with the end in mind. However welcome or dreaded, a well-delivered performance review is a good indicator of not only expectations, but how well the employee is progressing within his or her role. The evaluation also is a good time to set next year’s goals and expectations.

Here are five ways to establish expectations and align employee roles with performance.

1. Maintain an Updated Job Description With Written Expectations. It is difficult for you to create an evaluation without a benchmark. It is even tougher for an employee to self evaluate on an ongoing basis if s/he has only a vague idea of what results s/he should achieve. A job description and a statement of written expectations provide the criteria to perform the employee evaluation while leaving the employee with a clear set of job expectations.
2. Meet One-to-One With the Employee. Periodic (monthly or quarterly) meetings can help you and your employee monitor progress and performance. For example, a short, scheduled meeting provides the time to review past objectives and professional development. You become more aware of the employee’s strengths, accomplishments and areas to develop, while the information focuses the employee’s performance on key behaviors.
3. Provide a Monthly Progress Report. Continuous reports help you gather information on employees’ performance and allow them to track their progress. At the end of each month, ask employees to submit a short report stating their accomplishments, major tasks in progress, any training received and areas identified for improvement. Your job is to review this report, discuss it during the one-to-one session, and keep the reports as a reference tool for annual and semi-annual performance evaluations.
4. Conduct a Self-Evaluation. Most employees welcome the opportunity to provide constructive input. Ask each employee to draft a self-evaluation. These personal insights will help you immensely with setting performance goals and aligning your expectations with employee competencies.
5. Other Forms of Feedback. Without being too intrusive or sly, solicit feedback from customers and co-workers about each employee’s performance. Concentrate on behaviors, not subjective ideas about a person’s motivations. For example: Johnny attends to customers in a slow manner vs. Johnny is lazy and isn’t concerned with attending to customers. A word of caution: Be sure the information you receive is accurate and sources stay protected.

What can a job description do to help define roles?

A good job description will:
establish, communicate, and document management expectations   and employee understanding and acceptance;
form a basis for establishing employee goals and for conducting   employee performance evaluations;
communicate and document changes in employee responsibilities   during the course of a performance year;
identify training needs;
help determine employee job classifications;
inform job candidates about prospective positions; and
assess employee workload so managers can make strategic staffing decisions.

Most employees want to hit the target; often, they just don’t know what the target is. Taking these points into account can help ensure performance meets expectations, but more than that, it helps produce skilled, knowledgeable employees who will work even harder to produce your desired results. If you are interested in learning more about how incremental improvements in performance can significantly impact your company’s bottom line, gives us a call today.