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Business success – it goes both ways
Your stakeholder groups provide a good gauge of your company performance, as you are accountable to each to fulfil your end of the deal. For employees this might constitute scope for promotion, for clients this might be offering technical support with a product. If one of your stakeholder groups is dissatisfied this instantly signals that your organisation is getting something wrong.
Time for a change?
Whilst I appreciate it can be difficult to business leaders to find the time, energy and resources to implement the changes they would like to see, there is another complication. Deciding the nature of the change, whether this should be gradual, rapid, incremental or wholesale, is vital if you are to the reach your aspirational point.
Off season – the rest and refocus your business requires
An enormous part of what makes professional athletes so successful is how they utilise their ‘off season.’ This is time outside of the competitive calendar, where they rest and prepare for upcoming events. I would suggest that businesses and their leaders would also profit from similar periods of recuperation and preparation.
Is your business hiding silent killers?
Objectivity is difficult to achieve when something is familiar, so when you work five-day-a-week within an organisation, its unique way of functioning can seem like the only option. However, it is vital that you identify the invisible resistors within, so your business can advance beyond its current performances. As well as this, letting these suboptimal elements persist can be more damaging than you might imagine.
Have you considered what might be possible?
Thinking about the future can be both an exciting and frustrating activity. It is engaging to conceive what could be evolved or created, but can be disheartening to consider all the things you wish to change. Whatever your mindset, it is important you use this reflection to rethink your current challenges and future opportunities….
Strategy: It’s not as hard as you might think…
It feels naturally wrong to pre-suppose upcoming events. However, I would argue that strategy is as much to do with the past and the present, which inform the likelihood of what will happen next.
Therefore, if you feel on top of your work now, it’s conceivable that you will be on top of it in the future. Don’t be phased.
Is your business too dependent on you?
As a leader, you must inspire those around you. This might sound quite grandiose, but this essentially means utilising other people, whether this is employees, clients, or suppliers. Beyond having a concept for the future of the organisation and knowing what actions to take to attain this, getting others to understand these concepts and buy into them, is the mark of a truly inspirational leader.
Frustration is natural, but don’t let it take over
As a business grows it is not uncommon that a leader can feel unfulfilled by the way it has developed. This is confusing, because it’s successful, profitable and from an external perspective seems to be running well. However, conventional success does not always translate into personal satisfaction.
Evolution is necessary
As your business grows and matures, it is important that your leadership style evolves alongside it. This will mean that there is total alignment between your actions, the directions you give and where you want your company to be.
Time for a well-earned breather
Working within a company may not be as physically exerting as scaling a mountain, but it is nonetheless exhausting. Using plateau periods to reenergise facilitates more effective progress in the future. Non-stop exertion will only damage the organisation and eventually lead to burnout. Think about how you are feeling. Consider how your colleagues and employees might be feeling.
Is OK ever really OK?
It is vital for the further growth and development of your business that you do not let ‘OK syndrome’ take hold. This is where aspects of your organisation might be deemed acceptable, without any intention to improve them.
Suboptimal relationships will damage your company
One of the most difficult aspects of being a leader is concluding relationships that do not profit your organisation. However, this is necessary if you want your business to progress in line with its potential.
Are you looking at the right numbers?
Gather data to inform decision making, but be conscious that some of the numbers will be more influential in leading your company effectively.
How to extract the most profit from your existing clients
Consistency is often credited as a key contributor to sustaining business success, but making all stakeholder interactions as predictable and uniform as possible is not an effective strategy.
Who’s serving whom?
I advocate servant leadership, where the leader serves the company and its people, rather than the more outdated belief where the processes must be subservient and controlled from the top. From an outside perspective, this may sound like diminishing the leadership role, but in fact opens up a new avenue of opportunities to assume a more forward-thinking and fulfilling position.
Growth isn’t everything
A vital aspect of my coaching is encouraging my clients to make their businesses better before bigger. From an outside perspective this might seem like I am discouraging leaders from aiming for growth; this is not the case.
Spring is in the air
As the birdsong becomes that chirrup sweeter and the green returns to the trees, this is a great time to feel optimistic. Springtime offers a host of new opportunities, natural, personal and professional, so harness that spirit of goodwill to revitalise your energy and stimulate success.
Three steps for achieving sustainable success
Sustainable success is achievable for your business, but requires dedicated action. In this article, I outline three steps leaders can take to produce long-term growth and higher profits.
Six ways to boost your confidence
We all have uncertainties that play on our mind; they might worry us unnecessarily or restrict our actions in some way. These limiting beliefs may be triggered by an experience, such as a bad interview, but often they live within our head, troubling our perception rather than reality. Whether conscious or subconscious, it is important we challenge these restrictive thoughts and build confidence in areas of uncertainty.
Do you want a company that runs like clockwork?
It can be too easy to let the gap between the organisation you actually run and the business you would ideally want to run grow. Conscious action must be taken, because aligning these two things will not happen naturally. Continuing as normal and leaving those aspects that frustrate and overwhelm you is not an option, because their inhibiting influence will only increase. It requires you to take the first step.