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The Quintessential Survival Guide in the Corporate Quagmire! | |
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10 Steps When You Need Help in Your Business
If you think ahead and plan, many nightmare panic and chaos situations can be overcome.
By ensuring that you have a great group of people around you, there will be more
to fall back on when the going gets tough - because that, as they say, when the
tough really do get going. Big challenges can be very difficult to face -
and they can be fascinating and exhilarating. So here's some thoughts on how to
make the best of these times, by getting ready in advance and making it work.
Look out for what you might need in the future and plan to make business life far, far easier for yourself. Decide what your business will be when it's the best it can be and focus on getting to there. think then about whether the resources are within or outside your business, which will depend on the size of it. Even if you are small, tiny even, don't think you can't afford a specialist - it will often make sense, both in relieving stress and financially. I mean you didn't get into your business to always do your books did you? (And if you did, maybe you want to try bookkeeping as a business!). Chris Barrow aka The Million Dollar Coach always reckons the first thing any self-respecting entrepreneur should do, is get a PA. In these days of VA's (virtual assistants) it's becoming a do-able option for all. With your mind set on what you want, look out everywhere for people who can help. If you are small business owner, that might not be for a little while, but keep your eyes open, both within your own business, your family and your acquaintances. Anyone, anywhere - be alert! Get out there and make sure that you listen to people who might use some of the experts you need. This means that if you have to choose, you have already got testimonials up front. This makes it a lot easier. Recommendations work! Many local specialists, when they are worth their salt, get more than enough clients through recommendations rather than need to advertise. Again, it's about keeping your eyes and ears open. You need a whiz with computer experience. By talking about it and listening hard, you may well find the help you need. Didn't you know that your cousin Myrtle's step-brother is learning all about HTML at college - shame on you! By being very clear about what you want from the help you get, you are much more likely to get it. You will save yourself a lot of time and probably money by getting really specific (so, dot 'i's and 't's very carefully). It's very interesting how what comes out of our mouths is interpreted in so many different ways than we might expect (hint - it's always your fault, not theirs - so get over it). In with the standards you agree with your help, be they a member of your own team, or an external contractor, it is vital that you have a way of measuring performance on a regular basis. Keeping your requirements SMART (Specific, Measurable, Agreed, Realistic and Timescaled) will make this much easier. And don't be afraid to require penalties from external contractors if the fail to deliver. Sometimes you have to wing it. So, if you take as much care as is practical, you can take a few risks with those who you have to help you. So don't be afraid to give more responsibility to one of your team, especially if they show promise - give them the opportunity, support and your confidence and often they will deliver way beyond what you expect. If you are missing an ingredient with your internal or external help, don't be afraid to get someone new in. It helps everyone if the right person is in the team, and there are a lot of folks out there who can do a great job. Anyone doing a poor job knows it and is not helping you at all. For outside help, if you have even a hint in your gut that it isn't working, be tough and get it fixed - or get out - dragging bad deals on is a very bad deal for you. And finally, make it very, very clear who you are holding accountable for the help you hire, whether it is in your business of from outside. You have a name to an accountability and that's that. They are where the buck stops. Internally, it can be through one-to-one meetings and milestones, externally, well, much the same although maybe a little more formally. Set them up with agreed 'T' - timescales and make them stick. Being aware of the help you need well in advance, will make a big difference for you - you can focus on the aspects of business you bring value to and, while we're on the subject of value, have fun and get a life for yourself as well. Martin Haworth is a Business and Management Coach. He works worldwide,
mainly by phone, with small business owners, managers and corporate leaders. He
has hundreds of hints, tips and ideas at his website,
http://www.coaching-businesses-to-success.com.
(Note to editors. Feel free to use this article, wherever you think it might be of value - it would be good if you could include a live link)
MORE RESOURCES: Obama: U.S. can't afford to extend tax cuts for rich (Reuters)
Obama: Democrats in trouble if election based on economy (AFP)
Obama sees Democratic pain if vote hinges on economy (Reuters)
Wind-whipped fires add to Detroit's economic woes (AP)
Panel examining recession's causes meets in Vegas (AP)
More stimulus needed for economy: Geithner (Reuters) Reuters - Treasury Secretary Timothy Geithner said on Wednesday the United States needed more incentives to stimulate job growth and bolster a slow recovery from a "savage" recession. Fed survey sees slower growth in East and Midwest (AP) AP - The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest. Summary Box: More places see slower growth (AP) AP - ECONOMY LOSES SPEED: A Federal Reserve survey found "widespread signs" that economic growth had slowed in the late summer. Obama seeks to mend frayed bond with voters (AFP)
Highlights from the Fed's latest economic survey (AP) AP - Highlights from the Federal Reserve's survey of economic conditions nationwide. The survey, released Wednesday and known as the Beige Book, is based on information collected from the Fed's 12 regional bank districts. Consumers cut back on credit card use once again (AP) AP - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound. Fed sees 'widespread' signs US economy is slowing (AFP)
A look at economic developments around the globe (AP) AP - TOKYO — Japan's machinery orders, a key gauge of future business investment, rose the most in seven months, a sign that companies are more confident in the economic recovery. Geithner: U.S. scarred by "savage" recession (Reuters) Reuters - Treasury Secretary Timothy Geithner said on Wednesday the United States is recovering slowly from a "savage" recession that has caused deep job cuts and a loss of confidence. Fed report shows widespread signs growth easing (Reuters)
Obama tells Ohio audience of own family struggles (AP)
Fidel Castro says Cuban model no longer works (Reuters)
Summary Box: Canada ups key interest rate to 1 pct (AP) AP - BANK OF CANADA UPS KEY RATE: Canada's central bank raised its benchmark interest rate by a quarter point to 1 percent, after similar moves in June and July. (AP) AP - Consumer borrowing falls again in July as credit card use falls for 23rd straight month. Hungary won't seek to renew IMF, EU loans (AP) AP - Hungary will not seek any more loans from the International Monetary Fund or the European Union and will be able to meet its financing needs by selling bonds to international and domestic investors, Economics Minister Gyorgy Matolcsy said Wednesday. |
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