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Team,
Time & Money - 3 Vital Resources for any Business Owner
Life as a business owner provides a host of challenges every day. Ask any business owner about their top issues and you'll usually receive answers related to the following "big three": Team, Time & Money. Team, Time & Money are three vital resources for any business.
" Team - challenges with recruiting, training, motivating and retaining
employees.
TEAM An immediate way to address this challenge is by taking a hard look at the systems in their business. Few people in business understand how important systems are. What is a system? It's a pre-determined way to create a consistent, predictable result. Systems are essential if you want a business that runs smoothly and profitably. With good systems in place, it's much easier for the right team members to do a great job and produce great results. In Michael Gerber's book, "The E-Myth Revisited" (a must read for any business owner), he explains how important systems are for any businesses to be successful. The stock example he refers to in the book (one that's pretty obvious, of course) is McDonalds. With a food product that, at best, could only be described as average, McDonalds now grosses more than $18 billion a year - and most of the people running those systems are typical teenagers whose parents can barely motivate them to keep their rooms clean and do their homework. The magic is in their systems! Systems run a business; people run the systems. Without effective systems, a business owner will likely get variableness in their business vs. consistent, predictable results -and customers do not like inconsistency in dealing with a business. So before you get too fed up with "problem" employees, get the right systems built in your business. Look at the most basic things from answering the phone all the way through to how you make and deliver your product or service. There are five basic steps to setting up any system. They are: flowchart the process, document how it gets done, test the system, establish key performance indicators to measure the system's effectiveness and enable flexibility for the system to change or adapt as your business changes. With clear systems (procedures, processes, etc), you can then focus on teaching your team how to work within those systems through effective demonstration, shadowing, feedback and measurement. Now, that said, I don't want to overlook nor minimize the importance of having the "right people on the bus." It too is an essential key that I'll address it in an upcoming column. The main point I hope to make here is that before you start blaming all your woes on your people, first take look at your systems. |
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ActionCOACH Business Coaching - Tucson, Arizona
Phone:(520) 529-6100 Fax: (520) 844-8250
1660 E. River Rd., Ste. 150 Tucson, AZ 85718
Phone:(520) 529-6100 Fax: (520) 844-8250
1660 E. River Rd., Ste. 150 Tucson, AZ 85718







