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Your responsibilities as Business Owners encompass defining the strategy as well as growing your people: recruit them, empower them, train them, and ultimately make them the best they can become.
On top of what is already a full-time job comes other tasks that can quickly accumulate, especially since a typical day at work include so many interruptions. If you are not careful enough, you can get easily distracted and deviate from what you are supposed to be doing.
In order to stay on track with your work, you must define rules for yourself. They require discipline, that is a great reason why you need to set up rules. They will also help you make better decisions, improve your efficiency, and create a sense of fairness among your team.
Such rules can be practical - e.g. everybody must come on time or I will isolate myself everyday from 1pm to 2pm, or more intangible - e.g. no staff will be blamed in public or I will encourage everyone to talk solutions rather than problems.
There are many rules as you'd like to have. Be cautious though, rules about the rules must apply:
To begin the process, ask yourself the following question : What are my uncompromising leadership principles?
PS: What leader would you like to be? Let's get in touch and discuss how I can help you remove the road blocks along the way.
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Entrepreneurs can find themselves stuck into cycles where they have a lot on their plates, and are not able to move forward - they are just treading water. All the tasks on the agenda coupled with the critical decisions to make can generate overwhelming situations without being able to see the light out of the tunnel.
Amelia Earhart, the American aviation pioneer said: “The most effective way to do it - is to do it.” She was the first female aviator to fly solo across the Atlantic Ocean, so I guess her quote stands true.
We often get confused between being busy and getting things done. The best way to experience what I am talking about is to imagine a day when you come home after work with a clear sense of achievement. On that particular day, you get things done. On the other days, you are busy doing stuff.
The issue lies with planning: getting things done requires a plan. Lack of planning will increase stress and result in losing control.
The solution is simple: spend time planning ahead. I'd like to share an efficient model:
Embark on a journey you have control upon: Start with proper planning.
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A common difficulty that business owners face is finding clarity of purpose.
Many underestimate the need for a strategy, and put their businesses at risk. Watch this video to use the 5 key elements an efficient business strategy is comprised of.
Would you rather drive your business blindfolded, or craft the most efficient strategy for it?
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The holiday season is upon us. It is not too late to treat yourself, and your team, with a nice end-of-the year gift, and start 2020 on the right foot.
Below are my book recommendations:
Next books on my reading list: This is Marketing by Seth Godin, The Chimp Paradox by Dr. Steve Peters, and Emotional Intelligence: Why it Can Matter More than IQ by Daniel Goleman.
Take care of yourself
As a CrossFit addict and a CF-L1 Trainer, I must emphasize the importance of exercising regularly. Being healthy and in good physical shape will significantly improve your efficiency at work and at home.
I was not really taking care of myself before I found this sport. It has transformed my life, to the point where I know I am not going back to the previous me. I feel stronger, I am more relaxed, I think sharper, and I work faster.
There is no age to be the fittest version of yourself.
Stop procrastinating and buy yourself a membership for the most suitable physical activity for you, something you can perform minimum 3 times per week. It should not feel like a burden. Instead, it should be the moment to be with yourself, forget everything else, and simply enjoy the challenge.
The secret weapon
I will conclude by the best gift you can reward yourself with: A notebook and a pen! Entrepreneurs' minds are always full of ideas and things to do. Go back to the basics: write them down to get them out of your brain, archive them, and free up mental space for new stuff.
Enjoy the holiday season!
PS: Of course business coaching is an excellent gift to put yourself on the right tracks for the new year. Training courses, in Leadership for example, are a nice way to reward your team while improving their skills. Book a time with me to talk further about it.
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One of my first entrepreneur clients had reached a point where his company was stuck because of a lack of qualified people. Money was no issue, but he was too much involved in operations to take a step back and see the situation. He loved project management and could not resolve to give it up because he thought the customer service quality would suffer.
Both business owners had attained some sort of a plateau, where action was required to start a new growth cycle. They needed a plan, which they could not come up with because they were overwhelmed with day-to-day operations.
Do their stories sound familiar to you?
Entrepreneurs usually have to do everything at the early business stages, and do not necessarily realize that their responsibilities must evolve with growth. Focusing on quality is important, but having a solid structure where people will strive for even better quality is essential. There comes a time where entrepreneurs' role has to switch from doing the work by themselves to building the business under them to do the work. By not letting go, entrepreneurs may become the main bottleneck of their own companies.
I'd like to suggest 3 options to tackle that challenge:
PS: Ready to talk about coaching? Book a time with me and tell me about your issues.
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20 years of working in business management has taught me the importance of mapping out the company’s journey. ⅔ of that time spent in the market research industry has provided me with one key tool: asking questions. Successful entrepreneurs understand their weaknesses and acknowledge they don’t know everything. They know that with the right questions comes the right answers.
Often, we get stuck in a situation because we aren’t asking ourselves the questions that lead to the right answers. This video will provide you with 4 practical steps to help you think clearly and ask the right questions in any situation.
So, are you asking the right questions?
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Joakim Achrén is the founder of Elite Game Developers. His passion is to help people build successful games companies. He has been a game's entrepreneur for 15 years, previously founded Next Games, Ironstar Helsinki, and he was an early employee at Supercell.
In his podcast, we discussed tactical and philosophical topics, everything that goes into leadership, company culture, values and taking care of oneself. We also explored why we both believe that CEOs, taking the game industry as an example, should all hire a Business Coach.
Questions that we cover in this episode:
Listen to the podcast now.
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Let me open this up for you. Business owners need to develop, and as they do, so do their staff.
You may have heard some say: “What if we train our staff and they leave?" or “What if we don’t train them, and they stay?"
Indeed, what if your staff stay while they lack the skills to perform their job to the best of their abilities, because, since you are afraid they quit, you have decided that they should not be trained?
I have met many business owners claiming that they had stopped providing training to their staff because they were leaving the company afterward. Interestingly, I never had that issue in 18 years running businesses. Of course, I had to deal with staff resignations, not because I was offering training courses, but because, one way or another, I had ceased caring about them.
To train the staff or not to train the staff, that is not the question. The real question is: To show leadership or not to show leadership?
If you practice a sport, you easily understand that you need to put a certain amount of training in order to get better at it. The same principle applies at work. Competence is a basic human need. As a leader, you are responsible to develop your people's skills so they keep on progressing.
Here are 5 easy-to-implement suggestions to create a learning environment:
Training is not a cost, it is an investment.
PS: If you understand the importance of investing in your staff, and would like guidance, book a free coaching session with me on the calendar.