As the leader of the company – I do not manage my time much differently than anyone else. The key is to have a focused plan and stay focused on it. So when planning your day, make sure the priorities are in focus and that you are spending time on the most important thing that only you can move forward and that no one else can accomplish on the team. Decide what to do and decide what not to do!!!
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I do not think there is a right or wrong answer – you just need to be absolutely passionate about solving the problem for a customer that they will pay for at a profitable fee.
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First off – it’s most important to start out your 12 month to 36 month forecast by stating the cash you want end up with at the end of every month. Then you want to forecast your revenue and expenses for the same 36 months to ensure you reach the cash forecast for every month. We then compare actual to forecasts on a regular basis to ensure we were getting better at forecasting and focusing on cash as this is the fuel you need to grow your business.
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The most significant reason is that companies where all the employees know their core purpose and core values have a strong culture, which is the foundation for growth and predicting profit. Jim Collin’s research has shown that the most successful companies conscientiously and regularly spend time on their culture, and that is what has kept them successful, even through the worst markets.
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Absolutely – but not in the traditional sense. The best business plans, in my opinion, is the One Page Strategic Plan. All the key components are included in this One Page Strategic Plan. It just forces you be clear and concise.
My best recommendation is to start the huddles right away. Make sure you have a standing agenda – Good News, Metrics, top thing you need to get done in the next 24 hours, and anything you are stuck on. The huddles work best if all team members attending the huddle are clear on priorities for the company or the team or even themselves. Just get this habit in place. Pick a time of the day, a standing agenda, and do not waiver for at least 30 days. This will get you well on your way to forming the ‘Huddle Habit’.
We always started our huddle on time whether anyone was there or not. Really!!! This pushed anyone who was late and consistently missing key information to get there on time. If this person continued to be challenged to get to the huddle on time – we would work on tactics to help them show up at the start of the meeting – such as alarms, reminders, setting the huddle, etc. Everyone can show up on time for the huddle if they believe in its value and understands the importance.
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To answer this as quickly as possible, I would say to ensure that every ‘C” player on our team has had a chance to pull themselves out of this rating in case we made a mistake. Be sure that what is expected from the team member is clear and concise and then monitor this daily for 30 days through a meeting with the ‘C’ player and their leader. ‘C’ players will resign after a maximum of two weeks of going through this. ‘C’ players are under-performers and do not want the spotlight on them and this process solidifies this point. If we are wrong, the alleged ‘C’ player will show us they can perform. If we are right, the ‘C’ player will eave as this makes them terribly uncomfortable.
Click on the link provided to read Shannon’s answer: How do ‘A’ Players find an ‘A’ Player Boss? 3 things to consider
Click on the link provided to read Shannon’s answer: Top 5 Reasons To Find A Strategic Execution Framework To Grow Your Company
I get ask this question all the time. Any size company can use this framework. 1-2 people or 400+ people. It is a fundamental business framework. Whether you are a start-up or a mature business – you need a strategic execution framework to make growing your business easy!!