What is keeping you up at night?
Are you feeling stuck in your business? Sometimes it can feel like an anchor that is holding your back from having the time and focus that you need to build your business.
I don’t’ know about you, but if I haven't had a good nights sleep, it affects my whole day!
Especially at the moment while I’m training for next months London Marathon.
Not being rested affects my speed and endurance
And my mood
For the entire day!
How much worse is it when your business is keeping you awake and then you have to spend the day dealing with business challenges whilst exhausted?
Like my client Claire who was drowning under the weight of trying to do ALL THE THINGS.
She had a never-ending list of tasks that were required to take her business to the next level, however, they never got touched because she only had the capacity to focus on delivering to her current clients.
Every time that she sat down to relax (or sleep), all she could think about was the list of things that she hadn’t achieved.
And so her business started to feel like an anchor, rather than a sailboat.
Have you ever felt like that?
When that legacy-building, freedom-giving business you dreamt of feels so very far away.
After taking Claire through our unique systems and processes, we were able to establish achievable objectives and goals for her business growth. We hired a team member and a contractor to increase her capacity and give her peace of mind so that she could sleep peacefully and have the energy need to build her business.
She was able to make small steps every day to move forward and within a month, was able to launch a new service to her customers.
The first step was having fierce clarity on her business and personal objectives, so that she knew what to focus on, but more importantly what to say 'No' to.
I share more on getting unstuck in this LinkedIn live.
Preparing for Life's Dramas
Learn how to ensure that life’s little challenges don't cause your business to stall.
I spend a lot of time talking to friends and clients about time management and pre-planning; because you never know what can happen and leaving things to last minute can lead to disaster.
Don’t get me wrong sometimes a last minute quick and dirty solution can work, but it’s never the highest quality of work. It’s never the thing you’re most proud of. It’s just a way to get out of a tough situation and this week I found out how important my own preplanning is!
My plan this week was to hit the ground running. I spent a lot of December making plans for all the great things I was going to do come January 2019 and already had a calendar full of meetings and pre-work for training and talks scheduled for the first quarter of the year.
Instead, I am lying in my bed recovering from eye surgery with strict instructions to move from side to side every hour and while I am VERY bored, I’m not panicking because I have a plan.
I set my yearly, quarterly and monthly outcomes, so while I’ve had to move things around a bit, I can still move forward with my business.
To ensure that life’s little challenges don’t put the breaks on your business, here are 5 tips to help you:
Set clear objectives for your day, week and month - with milestones dates for each element, so that you don’t leave things to the last minute.
Allow extra time to complete your tasks - It’s easy to commit to a quick turnaround, but giving yourself an extra day allows for interruptions (key for me in the HR space where urgencies often pop up).
Don’t try to complete tasks in one sitting - planning in time to sit and review your work can be the difference between an A and a C (or a repeat customer rather than a one off).
Build your team, it’s important not to be a single point of failure. Work with others so that they can take the reins if you are unable too.
Learn from things that don’t go well. It’s always good to review how a project went and work out how it could be done better the next time. I have templates and process flows for some tasks, to help things run smoothly and ensure my knowledge isn’t all contained in my mind.
Using the tips above, I've been able to have a couple of strategy calls today and activate voice recognition on my laptop to write some content, while sticking to my recovery instructions.
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Establishing business and individual needs
It’s important to know where you want your businesses to be in the next year to three years, so that you can put a plan in place to be prepared for the increased clients and the changing landscape.
When I decided that it was time to move my business from my side hustle to my full time gig, the first thing I did, was to up-skill. I invested in my development and achieved Chartered status for the CIPD (Chartered Institute of Personnel and Development). It was a way to ensure that I had the paperwork to support my skills, I knew that I could do it, but I wanted to be able to prove it.
The other thing I did was sign up with a business start-up service and attended all of their courses to make sure I learnt the basics of running a business. All of this played into my business plan, helping me to do my research and set the business goals.
Now, we all know that our business plan is a live document, we have to constantly review and update it to keep up with the needs of our clients and stay ahead of the competition. This means learning new skills, developing our offerings and making strategic partnerships, so that you can scale and grow your business.
It’s important to know where you want your businesses to be in the next year to three years, so that you can put a plan in place to be prepared for the increased clients and the changing landscape.
To do this effectively, you need to know what skills you currently have within your organisation, the skills you would need to execute your plan for world domination and then see where any skills gaps would be. You can then look at adding to the skill-sets of your team and yourself to make sure that you are ready.
You may also consider recruiting new staff to help give you capacity. For example, I plan to recruit an apprentice in the autumn, I’m excited about mentoring and developing an individual to become an effective HR Professional, but I’m also excited about building the capacity within my team, so that I can take on more clients and take a break, knowing my business baby is in safe hands.
Developing staff has always been a challenge for small business owners. We are typically small and lean and so can often need to develop staff while keeping them doing what they do best. Then there can also be a fear that staff that have been developed may take their new shiny skills and go and work for someone else.
However, studies show that staff who feel appreciated and invested into, stay with an employer longer.
“employees who are ‘engaged and thriving’ at 59% less likely to look for a job with a different organisation in the next 12 months”
Gallop Research
So what are you doing to develop your team? To keep them 'engaged and thriving'? It doesn’t have to be a traditional classroom based course, take them out of your office for days at a time or cost a fortune.
When I first started studying HR we used ‘Maslow’s Hierarchy of Needs’ to discuss motivations for individuals, if you’ve never seen it before, check out the image below. The theory is that there is a set of basic, psychological and self-fulfilment needs, for each individual and that you need to start with the basics as a foundation and then add the other elements.
It’s a good argument for why a good salary and benefits package isn’t enough to retain your staff, but also why fulfilling work is the key.
For the rest of the month I’ll be looking at how we can build our teams, increasing their capability, motivation and happiness.
Let us know if you have any questions in the comments section below and we will try to address them this month.