Successful Blog

If You Don’t Know Where You’re Going, You’ll Never Get There

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By Jennifer Dunn

Where is your business headed in 40 years? Yes, that question probably sounds ridiculous to you right now. You’re busy trying to survive another year, month, week or day, or even attempting to get your business off the ground in the first place. At what point are you supposed to think about 40 years in the future?

Honestly, you should be thinking about the future, because it will be here at some point. While you may not have to specifically worry about 40 years ahead, you should be considering where you want your business to be. If not, it could lead to some pretty bad situations for you that could lead to the demise of your business.

If you don’t have a plan for your company, it’s like it’s a plane without a destination – you can fly high for a while, but at some point you have to come down. If you don’t know where that is, you could be in for a rough landing.

Goals and Vision

Everyone has a vision for their business as well as a reason for getting into business in the first place. This reason could be absolutely anything – you wanted to spend more time with your family, or had a great idea for a product, or wanted to escape the rat race. It could even be to prove to yourself you could do it.

There is no wrong or right answer here. Your reasons are your own. The point is you have to honor those reasons and your vision for your company. If you don’t, you could end up with a monster you can’t control.

For example, let’s say you wanted to never compromise your product line as you believe it can change the world. It’s a lofty goal, but a great one nonetheless. Now let’s say you have an opportunity to sell your company to a bigger company. At some point you may realize the big conglomerate wants to change your product. Now you have a big problem – do you choose the money or the reason you went into business in the first place?

Find Your Destination

While this initially may not seem like such a big deal, eventually moving away from your original goals could lead to a point where you abandon your business. If you struck out on your own to spend more time with your family but you let your company get so big that you no longer have no time for them, you’ve defeated the entire purpose of starting your company.

This is why it’s important to look toward a destination for your company. If you have a place in mind for your company to land, you can make better decisions that will keep you happy and invested in your business. Even if something unexpected pops up you’ll be able to handle it with ease as you know where you want to end up.

Keep in mind this destination and your goals may change. You may start out wanting to make a ton of money and get rich but switch it later on to just being comfortable and being happy working on your own. Again, there’s no wrong or right answer – just make sure it’s what you want for your business and yourself!

Where are you heading?

Author’s Bio: Jennifer Escalona Dunn is the owner of Social Street Media where she writes about small business, tech and finance for sites like WePay and Outright. You can find her on Twitter @jennescalona.

Entrepreneurial Tips – How to Maintain a Positive Attitude

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By Ronald Alexander

As entrepreneurs, we put work just above everything else. Unfortunately, sometimes when we are working toward something, we forget to maintain a positive attitude, which can lead to additional stress and an unhappy all-around life.

The 10 tips listed below will help you to stay positive while at the same time driving your business in the right direction.
How to maintain a positive attitude

1. Work with people that you like

It’s easy to be unhappy in a business where you are surrounded by negative people all day. This is why it is vital that you hire and work with people who have a positive attitude and don’t drain you emotionally.

2. Don’t hesitate to fire people

It is 100% okay to let people go who are not doing all they can do to help your business. Usually a primary cause of stress for entrepreneurs in the workplace is having people who make them unhappy because they either don’t work hard enough or constantly stress out about little things. It’s a great release when you know that you have just made your work environment better for everyone by letting someone go.

3. Create long-term goals

Short-term goals are good, but having goals that extend decades will allow you to be more focused on where you want your business to go. These goals are usually far less stressful and will show your team that you do know what you want out of your company.

4. Feed your creative mind

Every entrepreneur is creative, so it’s natural that we need to fill our off-time with things that will feed that creativity. Some people like to read, while others get their creative juices flowing by taking a long walk. Whatever you need to stay charged up, you need to make sure that it is included in your weekly schedule.

5. Continue to be yourself

People often forget what got them to the point of being an entrepreneur and having a business. The fact is that you need to continue to be yourself even as you are taking off as an entrepreneur. The people who work for you and the business contacts that you make need to know who the real “you” is. You don’t have to develop a phoney business persona, which, I promise you, will lead to additional stress.

6. Don’t be a yes man

Many people have the instinct that saying yes to their employees will keep all parties happy, but in reality a business has to be run by someone who knows when to say no. If someone needs help with something and you have an important task that you are dealing with right now, you have to tell them no and they’ll need to find another solution to their problem. Always take a second to assess everything before you answer questions at work so you can be honest with yourself and others.

7. Remember to take a break once in a while

Entrepreneurs are usually workaholics, but everyone needs a break to stay fresh. The truth is that those breaks that you take every day will allow you to get better work done, which should be reason enough to take them.

8. Expect stressful situations and deal with them the right way

Work is stressful no matter what you do for a living, so it is each person’s responsibility to deal with every bit of stress that is thrown in their direction. It’s tougher earlier on because you are new to all of the business scenarios that you will face, but with time you will learn how to deal with the stress. Just go into every situation knowing that there will be stress and then conquer it.

9. Don’t expect flawless work

It would be nice if everything we do in our work life ends up being absolutely perfect, but that’s just not reality. You want to draw things up to be perfectly played out, but the most important thing is that you reach the end goal in everything you do. Don’t focus too much on the imperfections; this can help you put off some burden.

10. Don’t try to do everything on your own.

You have a team for a reason, so you have to learn how to delegate responsibilities. It’s not easy at first, but you shouldn’t try to do too much of the work on your own. You run the business, so figuring out who should be doing what all day will help you to take a lot off your plate.

To sum up: You need to figure out what’s keeping you from being as happy as you can be in your business life. Going over these tips should help you to figure out how to lessen the stress so you can focus on getting your business to where you want it to be.

Author’s Bio: Ronald Alexander is a passionate writer and avid blogger currently associated with Forsyth.co.uk, which provides business services including flexible office space and virtual office services in Manchester.

Image source: Pixabay by Nemo

Do You Have The Skills to Lead?

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Whether you run a large corporation or one of the smallest businesses in town, how would you rate your leadership skills?

There are probably a large number of individuals who would have trouble answering that question, with some being too modest to even take a stab at it. Either way, knowing what kind of leader you are, especially how effective you can be in leading your employees, is important.

You have probably read a book or two, perhaps perused an article or two, on what it takes to be a great leader.

So, did you learn anything from those readings? If the answer is no, don’t feel like you wasted your time. In fact, having what it takes to be a great leader really varies from person to person.

Keep in mind that not everyone is blessed with or born with leadership skills. Some acquire them over time, while others never seem to quite get to that point of having what it takes to lead a team of one, dozens, hundreds or even more.

In order to be a great leader for the company you own or the one you work for, consider these following attributes:

* Commitment – First and foremost, do you have the commitment to lead others? Leading others on a daily basis means that not only are you responsible for overseeing your work, but also the work of others. The key here is to be able to do that without being a micro manager, someone who can’t help but literally stand over others while they do their work. Keep in mind that you were chosen or chose to be a leader not to babysit other individuals, but to help guide them so that your company is second to none. Being a leader means going past the normal day-to-day duties, working harder than everyone else, and making sure the buck stops with you. Ask yourself, are you committed to this principle?

* Responsibility – Being a leader often means you get the better salary, some extra perks, and lots of commendations. It also requires that you hold yourself accountable for the performance of others. Some leaders like to take all the perks that go with being a leader, but they are missing in action at times when it comes to accepting responsibility when others make mistakes or flat out fail. In order to be a true leader, stand up and take responsibility if you report to someone higher up than you when one of your workers fails. It is easy to let them take the hit, but a true leader is a team player, not willing to throw someone else under the bus.

* Vision – Leaders should always be thinking about how to take their companies to the next level. Whether it involves improving customer service, being more active online with social media and blogging, or finding the right employees to fill each seat on the company bus (meaning each individual has a talent, finding where their seat is to best serve your company is the challenge), leaders are always required to think ahead. It is easy as a leader to sit back and just go with the flow, but that will ultimately spell doom for the company you own or work for. Always be thinking about the next day and the next day, giving you and your business the opportunity to stay one step ahead of the competition.

* Character – Lastly, what would people say about your character as a leader? Leaders need to set the tone for their offices, showing others that hard work does in fact pay off. Are you a leader who is the last one to go home at the end of the day or the first one to arrive in the morning? Are you a leader who looks for solutions to problems and does not create more problems for those around you. Finally, are you a leader who wants people to like you for being a strong but caring leader, not someone who tells people what they want to hear or does what they want them to do?

So, are you a leader or a follower in the business world?

Photo credit: task.fm

About the Author: With 23 years’ writing experience, Dave Thomas covers a variety of business and consumer topics, including the rise and fall of gold and silver prices.

On Being the Kind of Boss People Want to Work With

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By Stacey Thompson

More often than not, the average employee views management in a negative light. Feared, resented, or even reviled, bosses are seen as cruel, unfeeling taskmasters that care only for the bottom line and will readily sacrifice any of the rank and file to attain their objectives.

This culture of hating on the management can go two ways: either employees aspire for these positions in order to propagate the perceived cycle of tyranny, or they will not make the effort to become better workers, seeing that promotion will only turn them into the same monsters they so despise. Neither of these attitudes does justice to the employees, the management, or the company they work in, for that matter.

Are you a boss people like to work with?

In the case of companies, I firmly believe that the culture is propagated from the top down. This places the responsibility of maintaining a prosperous and positive work environment squarely on the shoulders of the managers and supervisors. Just as bad habits and mentalities spring from negative examples provided by the people on top, productive and motivational attitudes are spread by good bosses.

Many people have plenty of theories on what managers should be doing to keep their people motivated, happy, and productive. In my own experiences as both a subordinate and as a manager, I can summarize all these lessons into four pieces of advice:

Open Lines of Communication

No amount of mutual understanding and teamwork will happen if the boss doesn’t even talk with his/her subordinates. This isn’t limited to meetings or official office correspondence; the ability to be able to shoot the breeze with the troops at the water cooler is an important ability to have, if you want to be an exemplary manager of people. It will give you more insights on what motivates (and de-motivates) your people, and in turn, it will humanize you in their perceptions. You’ll cease to be a cruel monster in their eyes, and that can’t be all bad.

Try smiling a little more, too

Though you want to appear a tad more friendly and approachable, do not overdo this, either. Being too chummy with your subordinates will often result in them respecting you less, and your ability to reprimand or correct them will be severely hindered. This does make things lonelier at the top, but remember, this is for the sake of all of your livelihoods.

Give Them a Chance to Shine

You shouldn’t be taking all the glory and credit for yourself, either. This is probably one of the fastest ways to lose favor with your constituents. When they do something above and beyond the call of duty, or have stayed consistently productive and cooperative, give them due praise, and possibly even a material bonus. Let the entire team know when one or more of them have done well, and if your own boss recognizes your team’s accomplishments, let them know where the credit should go.

Allowing them to take the lead and enjoy the benefits of their own achievements will inspire them to work more effectively, and it will give them lessons that will be of use to them when they become managers and supervisors themselves.

Be The Final Word

The two previous bits of advice portray a softer, more yielding kind of management strategy. One cannot be a boss without putting one’s foot down, however. The final lesson on being the boss your people can respect involves being the authority within the team or organization. You are the go-to guy/gal when they want a decision made, the King Solomon that will decide who gets the baby, so to speak.

As a leader, it is on you to set clear goals for you and your team, and you have to be firm when it comes to these things. It doesn’t mean you shouldn’t be able to change your mind; it means that you will only do so if your colleagues make a strong enough case for an alternative, or if you yourself have evaluated the factors and have found that a course alteration is in order.

Are you an effective boss? What are your strategies for leadership?

Author’s Bio: Stacey Thompson (@RedHotStacey) is a professional writer, marketer, entrepreneur, and a lover of weird little animals. She is based in San Diego, California, and aspires for her own little company to grow successful enough for her to qualify in entering an elite CEO peer advisory group, one fine example being The Sage Executive Group.

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If you want to be happier at work, quit doing these 5 things

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By John Murphy

Forests have been demolished for the paper that has been taken up by books written about things to do to be happy at work, and in you life overall. In my experience, I think it has been an awful waste! I would say that 10% of those books have been great, 50% are pretty ok, and the other 40% absolute rubbish!

However, I have not come across too many that talk about things NOT to do! Maybe it is just me, but I learn best by not just knowing what I should do, but also by what I should not do!

So, in the interests of those like me, here is a list of 5 things to quit doing – and I promise you that not doing these will make you happy!!

1. Being fearful

Fear is something that is so prevalent, but no one wants to talk about it. People fear losing their jobs, not getting their targets, not getting that promotion – and even, people finding out that they are not as good as they think they are.

They are afraid to start that new business, go for that new job, change their career. And what happens? They do nothing!

They do not take that first step today because they are afraid that this is not the right moment, the right time of the year etc.

Now is the right moment – take the first step today!

2. Moaning

Moaning about anything only makes you feel worse – along with those who have to listen to you.

There will always be something that is wrong or not to your satisfaction, but don’t moan – do something to correct it!

Focus on doing whatever it takes to make it right. Also, don’t participate in general moaning – be the one who demands that you all do something about it. Show leadership!

3. Interrupting

Let others speak! Yes, I know you have loads of pearls of wisdom to share with all and sundry, but remember the golden rule – if you want to be listened to, you must first be a good listener.

No one listens to the orator on the orange box! So, practice the art of listening, and then you will become the person whose opinions are valued.

Also, just so we are clear – being silent is not the same as listening! For most, when they are silent they are not listening, just thinking of what they are going to say next!

4. Lecturing

There is nothing worse than being that boring “know it all” who keeps telling others what they should know, and, by definition, what he or she knows!

I have seen it far too often as people progress in their careers they take on the air of the pontificator and the fountain of all knowledge. Very often it is well meaning, but it just doesn’t work – you sound like a bore!

The sad thing? Even when you do have something to contribute, no one notices!

Share knowledge with humility, don’t lecture.

5. Not letting go

Last, but not least, and this one is a biggie. Let’s be honest, this challenges us all! This creates such a bad atmosphere and destroys the culture you want.

We all work in teams, and not letting go destroys any hope of that team growing and flourishing.

We all make mistakes, we all get things wrong – so forgive and move on. If you don’t, you will let this become a cancer in your business – and I don’t say that lightly or glibly.

What would you add to this list?

Author’s Bio: John Murphy a business coach who writes about what makes executives and business owners more productive at www.johnmurphyinternational.com. You can find him on Twitter as @jmicoaching.

How to apply military leadership skills to your business

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By Ben Morton

The last four years have unquestionably been difficult times for business and the public. In a short space of time we have witnessed the banking crisis, phone hacking and political scandals and the demise of many familiar big brand names such as Blockbuster and Woolworths to name just a couple.

All of these things have brought leadership into sharp focus once again and led us to ask many questions. Two of the most common questions I have heard are ‘Can we trust our leaders?’ and ‘Are our leaders equipped to lead us through these times?’

Linked to these questions are a couple of phrases or buzz words that I have heard more and more lately; Innovation and VUCA (Volatility, Uncertainty, Complexity and Ambiguity). It is VUCA that particularly interests me.

The term VUCA derives from the military vocabulary and they have been training their leaders to operate in this world for many, many years. In fact, it’s one of the cornerstones of military leadership.

Here are some of my favourite techniques, taken from the military, that you can use to help you be an effective business leader whilst operating in a VUCA world.

Provide Stability

A leader’s role is to create stability and an air of calm – these tools can help by ensuring that teams are not reliant on particular individuals.

  • Train your team to understand and be able to carry out other peoples jobs.
  • Don’t allow a Job Description document to constrain what your people do – give them freedom to act.
  • Recruit for flexibility, intellect and team ‘fit’ – not just skills in a narrow job role.

Provide Clarity

In times of uncertainty it is important for leaders to communicate and provide clarity where they can.

Ensure that everyone in your team or organization fully understands the vision or end goal as opposed to just their individual task. This means that if the situation changes, they still know what the team or organisation is ultimately trying to achieve.

Tell people what they need to achieve – not how to achieve it.

‘Never tell people how to do things. Tell them what to do and they will surprise you with their ingenuity.’ General George Patton

These two points will empower your people to act and handle change quickly with the end goal still in mind. The military call this ‘Mission Command’.

Communicate

It is easy to stop communicating when under pressure but the impact on the team can be huge.

  • Communicate regularly and build it into your processes.
  • When teams are under pressure, individuals will often retreat inwards and team meetings stop taking place – this is the worst thing that can happen in difficult times.
  • Establish a routine for team meetings and communications and make them sacrosanct. This gives you confidence that the team knows what is happening and it gives the team confidence in you and the plan.

Communicate early

The military have the concept of a ‘Warning Order’ which tells subordinates early on what little information is available about forthcoming operations. This allows for concurrent activity and provides a faster response time to challenges. Critics will say, ‘But this could waste time if people start working on the wrong things.’ Not so if you have provided clarity and everybody understands the end goal.

Plan for the Risks

The military have a great phrase – ‘no plan survives contact with the enemy’. So what can we learn from this?

  • Consider the ‘threats’, ‘risks’ and ‘what if’s’ that may affect your plan – create a simple Issues and Risks register.
  • Once you have considered the risks – plan for them. Don’t just have a plan B, have a plan C as well.
  • Communicate the risks and plans. It will allow people to act quickly when things change and once again, it gives them confidence.
Author’s Bio: Ben Morton is a Consultant at TwentyOne Leadership specialising in the provision of high quality leadership training, mentoring and coaching. He has approaching two decades experience in leadership, learning and management along with a wealth of expertise in strategic Human Resource management drawn from experience as a Board Member in small entrepreneurial organizations and working in large multi-nationals such as Tesco and TUI Travel.

Having led expeditions around the globe from the Alps of Europe to the Steppe Country of Mongolia and served two operational tours of Iraq as an Officer in the British Army, Ben understands what it takes to lead people in the most difficult of conditions. He’s passionate about sharing his knowledge, experience and expertise. Connect with Ben on Twitter: @benmorton2