When sharing your financials with your team, try to not give people more information they need to perform their jobs. Isolate the things that are high-impact and they can control. For example, instead of issuing that 47-line sheet, offer routine updates with three items that they have the most control over on the revenue side and four items that they have the most control over on the expense side.
If you’ve received any business advice in the past, say, 50 years, I’m willing to bet that it came with the assumption that you wanted to expand. We hear that advice all the time — make it bigger and better, scale this area, try these new strategies for growth and similar ideas. But should growing always be the ultimate goal of every business venture?
There is something to be said for one particular philosophy from 1991’s “City Slickers.” The grizzled old ranch hand, Curly, relays the secret to life — to focus on “one thing. Just one thing.” As you're starting 2022, pick one single thing to focus on. If you can't pick one big thing, try to find four things you can give your attention to in 2022. Then, rank them in order of when you think you could reasonably roll them out during the year.
Managing is a constant juggling act, where you’re trying to get your organization, your team and yourself to the place you want them to be. And as you work on getting to that place, you’ll often find that that goal you’ve been working toward isn’t actually what you want.
We’re well past the halfway point for the year, and in many ways, it’s starting to feel like the new normal is setting in. It’s not quite what most of us were used to, but as new buying habits, new patterns, new products, and new services have changed everyone’s lives, we’re starting to see groves form as the baseline for “normal” shifts.
When was the last time you called your own phone system? If you don’t remember, now is the time to make that call. Literally, stop reading right now and call your own main number—not somebody’s office, call the one that rings to your auto attendant.
While managing different companies over the years, I learned a few tricks with onboarding new employees. One of my favorites could help a lot of people in the coming months.
It may seem impossible after dealing with the pandemic for so long, but we are finally on the cusp of the world reopening. There’s some variance depending on where you are, your vaccination rates, and other important factors, but the overall trend is that we're certainly inching closer to a post-pandemic world.
After more than 12 months of getting by in a pandemic, I think it’s fair to say that we’ve all learned a lot. We’ve all but made it through one of the biggest business disruptions in contemporary history, and that has required a lot of adaptation and flexibility from all of us.
I recently had lunch with a friend of mine who’s an architect, and in our conversation about our lives, he told me that before he shows a client a first draft of his work, he gives them a disclaimer: “This is not the house you need. It’s the house you thought you wanted.”
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