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Energize profit margins with strong focus on clarity

Posted: March 7, 2012 | Categories: Management, Team Building

Earlier this week, I was talking with a client whose company is substantially ahead their revenue goals for 2012.  That is exciting, especially considering we are not even finished with the first quarter.   You are probably asking how this is possible.  How did they do it?… Was it luck?.. .Did they just have the right product at the right time?…Was it good management and planning?  The answer:  All of the above.

You have probably heard the expression, “Luck is where opportunity meets preparation”.  Looking at what we can control, let’s take one of the most operative pieces of preparation:  CLARITY.

Clarity of goals:  This business owner (Jim) took the time to craft his 2012 business plan in November of 2011.  At the top of his plan in bold letters were his specific revenue goals and profit margin baseline.

Clarity of strategy:  If you were to ask Jim how he planned to achieve the goals, he would enthusiastically detail all the actions and categories of activity that would lead him to his goals.

Clarity of roles:  If you were to ask each of Jim’s team members what their role was, each of them could clearly tell you.

Clarity of responsibility:  Each role contains certain responsibilities in terms of desired results.

Clarity in tracking and accountability:  Everyone on Jim’s team clearly understands what is expected of them.  They all have an action plan with specific steps containing deadlines and benchmarks.  Each member does their best to do what they say they will do when they say they will do it. When they fall short, the group comes together to focus on the problem and agree on a plan of action.

Clarity in goals, strategy, roles, responsibility, and accountability can defeat finger-pointing and excuses and can enable a team to “advance confidently in the direction of their dreams”, as Thoreau once said.

To put these fundamentals immediately into play, check you clarity on the key areas mentioned.  If you find something fuzzy, take the time to make it clear.


Nine steps to profit from problems and mistakes

Posted: February 6, 2012 | Categories: Management, Team Building

Here is an all-too-familiar scenario:  Something got goofed up.  It is time to huddle and solve the problem.  So we sit down together and the boss says, “What’s the deal?”

The next thing that happens…finger-pointing and blame.  No one wants to take the rap for the costly error.  (If is wasn’t costly, we wouldn’t be talking about it)

After the blame comes the next phase:  “OK, here is what I think we should do. ”  “No, let’s not do that…I think we should do this.”  The discussion intensifies, and the team finally ends up with the action to be taken.  If this is how your team solves problems, you may be missing an ideal opportunity to make your company stronger.  In order to capitalize on problems, we need to level the playing field and get everyone engaged in the process.  Here is a 9-step method that has stood the test of time:
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December Planning Breeds Intentional Success for 2012

Posted: November 28, 2011 | Categories: Management, Sales

December is a good time to employ the 5P formula.  “Proper Prior Planning Prevents Poor Performance” Priormeans before, and I’ve got news for you:  This is the last month before the new year.  What we do now can help ensure a strong launch in January.  Let’s plan…step by step.

Before we begin, we need to remind ourselves that December is also an important month for sales activity.  When I was in sales, some of my most high-producing months were in December.  Sure, things can taper off after the 20th.  That still leaves a lot of selling days!
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Are you Delegating or Dumping?

Posted: November 15, 2011 | Categories: Management

J.C. Penney once said, “One of the biggest causes of business failure is the inability to delegate”

In the late 90’s, I was hired by a prominent graphic designer to help accelerate the growth of his business.  He had just completed a book cover for a high-profile athlete, and things were booming.  He had reached the point where he was doing too much himself, and he wanted to be a better delegator.  He talked about situations where he had assigned his team to meet with clients.   One frequent comment he heard was, “Jim, whenever you are not in the room, the value of your company is cut in half”.  I assumed he wanted to change this.  I was wrong.
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Hiring Criteria: People Skills are Not Important

Posted: November 8, 2011 | Categories: Management

Alright…I was just kidding.  People skills are important…but how important?

John D. Rockefeller, one of the most successful industrialists in the early 20th century once said,

“The ability to deal with people is as purchasable a commodity as sugar or coffee, and I will pay more for that ability than for any other under the sun”

Lee Iacocca gave us the Ford Mustang, and he also is credited with leading the Chrysler Corporation from the brink of bankruptcy in the late 70’s to strong profitability within five years.  In his autobiography, he talked about what he called the “kiss of death” on an application.  It was the phrase, “does not work well with others”.  He wouldn’t consider anyone with that on their dossier.
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