Your company is growing! Great news. But you know that growth means expansion and if the growth is strong enough, you’ll need to create new positions in the company to handle the increased workload.
When you are growing, you have to onboard new people quickly and get them productive as fast as possible. To do that, you need to follow a protocol for successful growth. As a business owner,
In this third and final video in my series of important strategic actions business owners need to take at the end of each year, I share the important role annual budgeting plays in helping businesses grow. (Read the first two posts – ‘Tis the Season for Strategic Planning and The Importance of Annual Budgeting for Growth.)
One of the most important things a company can do to get everyone
In this second video in my series of important strategic actions business owners need to take at the end of each year, I share the important role annual budgeting plays in helping businesses grow. (Read my last post on ‘Tis the Season for Strategic Planning.)
It’s all about the transparency of numbers.
There is a lot of fear around numbers but there is also power in numbers. I sometimes need to gently push my clients to get over their fear of being transparent with the company’s numbers because there is so much more to gain than lose by doing so.
It is imperative for us as leaders to share those company numbers and educate our team members on what they mean and how they impact company decisions.
I urge my clients to create a budget for the company with their department heads, for two main reasons. First numbers empower your leadership team to run better departments and second, numbers provide clarity and a guiding force to get everyone on the same page as to how to grow.
Numbers empower your leadership team
I have seen time and again with my clients that once business owners share numbers, they don’t have to make all of the decisions in the company anymore. You can push decisions down and have your team leaders take ownership because they have numbers in front of them that outline the parameters they can make decisions within and they know the targets they are shooting for. On a daily, weekly or monthly basis they can look at the numbers and make adjustments to meet goals.
Numbers provide clarity and guide growth decisions
There is nothing like numbers to keep people on track. Within the Entrepreneurial Operating System® (EOS®) that I use with my clients, we create a scorecard for each individual with measurable goals and there is nothing better than numbers to keep people on track.
I have seen that when my clients’ teams embrace the scorecard – they start to obsess about these numbers and then you see real action.
If you can get the most amount of people in
I was recently interviewed about how important strategic planning is for businesses, especially at this time of year. In this video interview, I share how critical it is to assess the goals you accomplished (or missed) in the past year and what goals you hope to accomplish next year.
Strategic planning at its core helps you get focused on how and where you want to grow your business. Once
Tired of the cash flow roller coaster ride? Not sure if you are going to meet your sales targets this year? Frustrated because it seems like your business is running you instead of you running your business?
We can help you eliminate the uncertainty that keeps you up at night by showing you how to implement simple but powerful systems in your business that ensure sustainable growth.
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Hopefully you’ve heard from me by now that it’s absolutely essential for your business to have the right people in the right seats for you to achieve every part of your Company Vision. Have you ever had a situation with an employee where you couldn’t put your finger on why they couldn’t be successful in their role? For all intents and purposes, they were absolutely the Right Person –