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10 Things To Do When Business Slows Down Over The Holidays
I’m sure you’ve seen it happen every year: your business slows down during predictable times, like the summer vacation months or year-end holidays. For the self-employed who rely upon steady cash flow, this can be a disconcerting time. Should...
How To Make The Most Out of a Business Networking Event
You’re not alone. Most people are uncomfortable walking into a roomful of strangers. But networking at business events can help you grow your business, as well as allow you to do hands-on marketing research. Learning to mingle and to...
How To Stop Spam (Especially If You’re Already a Victim)
Spam. Those annoying, time-consuming emails that clog your Inbox and ruin your day. You wonder: How did it ever get so bad? While it's not possible to completely eliminate spam, there are quite a few things you CAN do about the problem to reduce...
The Key to the Real Estate Investing Vault
Why do so many people struggle to get going in real estate investing? Many creative real estate investors get burned out because investing just eats up their time and energy. It drains them to be constantly making cold calls, driving neighborhoods...
The Ultimate Motivation
"The Ultimate Motivation" By Ken Leonard, Jr. ©2002 KLJ Online "Learn to super-motivate with travel" When was the last time you went on a vacation? I don't mean taking a week off to paint your house, either. Staying motivated...
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Delegate, Don't Abdicate
One of the key skills for the leaders of growing businesses is to 'get' the distinction between delegation and abdication.
Many managers and business leaders fall into one of two extreme categories:
They delegate too little and try to do it all themselves or they give too much away, abdicating both their responsibilities and the prerogatives of power.
As their businesses grow, many entrepreneurs try to micro-manage. We've all heard the term, but too often we fail to recognize the symptoms until it's too late. For entrepreneurs, the sense that this is 'my company' or the belief that 'if I want it done right I have to do it myself' causes them to hold on too tightly and limit their results.
At the opposite end are managers who 'hire someone to do that' and abdicate their role as supervisor and leader. One of the first employees many entrepreneurs hire is a bookkeeper. As entrepreneurs, they want to focus on building the
business and recognize that their time is not well used on the details of bookkeeping. So, they hire someone and never think about it again.
Big mistake! Every month or so, the newspapers carry a story about someone embezzling from a small company. Too often, unsupervised and unsupported, the bookkeeper simply took advantage of an opportunity the owner created.
Effective managers’ delegate, but they also know that 'what gets measured, gets done'. They monitor and train, they supervise and support their people. You can't do it all yourself and simply turning the job over to someone else and abdicating your role as manager is not the answer.
About the Author
Gordon Goh is author of the free, informative website content of Motivation | Inspiration Tips offering quality useful tips for Motivation
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| Motivation 123. Motivation Techniques & Tips for Your Happiness ... |
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