A Life of Habits

Habits Can Create Business Success

Business SuccessEvery morning I have a routine to start my day. I get up, brush my teeth, floss,rinse with mouthwash, shower and put in my contact lens. If for some reason that routine is disturbed, I might find myself later in the day wondering why I can’t see well. Have you ever found yourself leaving home and going in the wrong direction in your car because you are not going to work that day, but to a different destination. These are two examples of the habits that develop over time into routines

 Charles Duhigg, in his book, The Power of Habit, discusses how habits work in individuals, organization and society. He initially discusses how habits work in individuals, but then goes on to discuss habit change in organizations. He discusses how he brought greater efficiency to ALCOA by concentrating on employee safety. A second example is how Starbucks created excellent customer service through pursuing greater willpower in their employees. Finally, he describes the habits that had to broken during the Montgomery bus boycott and the forces that provided for the people non-violent commitment necessary to make change happen.

 As a business leader or manager, one of your greatest challenges is  to break out of the status-quo and implement change. Notice the word implement, because it goes far beyond just deciding on what change is necessary and announcing it to the group. So what happens when you begin to implement change? You get resistance and some of that resistance is resident in the habits formed in the status-quo. So then how do you achieve business successContinue reading

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Three Questions

Three Questions About Business Success

Business successWhich three measurements give the best sense of a company’s or organization’s health? Whether you’re talking to the business owner of a multi-site,multinational organization or the owner of a corner store, there are three critical measurements that denote the overall health and well-being of any organization: employee engagement, customer satisfaction, and cash flow. This applies to non-profit organizations as well as businesses.

No organization, small or large, can remain competitive in their chosen market without employees who believe in the mission and know what they need to do to achieve it. That’s why it is critical to measure the level of employee engagement at least once a year … anonymously. And we’re talking about more than finding out if they like the coffee in the employee lounge. In fact, that question shouldn’t be anywhere near an employee survey! 

Customers are the next link in the “successful company” chain. How do you know if you’re on the right track and providing the products your customers need and servicing them in the way they want? ASK, of course! And don’t just ask your good customers, ask the ones whose orders are intermittent or dropping. An answer to the simple question, “How likely are you to recommend us to a friend?”  

Lastly, there’s cash flow. If you ask any business owner how they measure their cash flow, they’ll have an answer for you, for sure. But be sure they’re specific about the definition of cash flow. Most profit and loss numbers have been massaged through the accounting process. They need to be looking at true, fluid cash flow. Even non-profits need cash flow.   

Concentrate on questions around those key issues. Answewring these questions will put one on the path to greater business success.

1. How do you measure employee engagement? How often do you do it, and what do you do with the results?

 2. How do you measure customer loyalty? How often do you do it, and what do you do with the results?

 3. Does your current cash flow situation allow you to return cash to shareholders, pay down debt, and/or borrow more to grow faster? If not, how much do you need to do so?

Patriot Business Coaching has the tools and experience to help you answer these questions and development a plan to achieve greater success. Give us a call or email us to start discussing the possibilities.  (910) 575-1286 or bob@plangoals.com  

 

 

 

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Leadership of Self

Leadership of Self

The term leadership is most often associated with the leading of a group, organization, company or governmental body. But every successful person has learned to exercise leadership skills in the way they personally approach their career and daily activities.

 I once asked an ex-Marine whether he believed that Tiger Woods was a leader. He responded that he was not, because he did not head up leadershipa company, organization, or even a platoon. But he is a leader in his profession, professional golf. His leadership skills keep him focused on the continuous improvement of his game, a winning attitude, and setting ambitious goals. He is an example of self leadership.

 In a recent article in Forbes magazines, Eric Jackson describes Ten Ways To Ensure You’re Driving Your Bus Instead of Just Being a Passenger. He encourages us to be the hammer not the nail. Let’s consider each and how it affects our personal performance.

  Continue reading

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Change Hurts

 Ideas on The Leadership of Change

CHANGEA business or organizational leader will often find themselves in a situation that is not meeting their expections. Profitability may be low. Sales are not growing. The productivity of employees is lacking. Whatever the indicators are, there are only two possible courses of action. The first is to work harder doing the same thing. This is the most common approach. The second is to make changes. Making a change sounds simple enough, but is it?

Alan Deutschman, in a recent article in Fast Company, discusses the difficulties that individuals and organizations have with the changes which are necessary to achieve positive results. He asks that if you were in a life or death situation which required change, would you? The expected answer is that you would. The truth is you would not.

Dr. Edward Miller, dean of the Johns Hopkins Medical School reports that there are approximately 600,000 bypass and 1,300 angioplasty surgeries in the United States each year. This equates to an annual health care expenditure of $30 billion.  Many of these patients could avoid the return of pain and the need for repeat surgery- not to mention arrest the course of their disease before it killed them –by switching to a healthier life style. Yet few do. “If you look at people after coronary-artery bypass grafting two years later, 90 % of them have not changed their lifestyle”, Miller said. Those results have been duplicated in study after study on this subject.

The conventional wisdom says that crisis is a powerful motivator for change. But it seams that severe heart disease does not seem to motivate the majority of people. Nor does giving people accurate analyses and factual information about their situation. It is as though our brains are hard wired against change, even if it’s in our best interest.

The article continues with the thoughts of Dr. Dean Ornish, professor of medicine at theUniversity of California at San Francisco. Dr Ornish developed a program and implemented it on a group of patients over a one-year period. The group was led by a psychologist, attended twice-weekly group sessions and took instructions in meditation, relaxation, yoga, and aerobic exercise. As a result, after three years, 77% of the patients had stuck to their new healthier lifestyle and avoided future complications. Dr Ornish had replaced the “fear of dying” as the motivator with a new vision, “the joy of living”.

One can point to a number of examples of how business leaders have used thischange idea of positive emotional motivation as the engine for change, but let’s look at Apple. Steve Jobs return showed the impact of reframing and telling a new narrative that’s simple, positive, and emotional. Upon his return, after a long exile,  he recast its image among employees and customers alike from a marginal player vanquished in the battle of market share to the home of a small but enviable elite: the creative innovators who dared to “Think differently”.

 The conclusion is that whether the goal is to improve your personal time management skills or your organization’s productivity, it is essential to understand and communicate the positive emotional rewards to be gained. The fear of always not completing tasks on-time must to be replaced with the joy of spending guiltless time with family and friends. The fear of the financial losses associated with poor productivity must be replaced with the joy of reinvesting the revenues from increased profitability in the development of the business. Business coaching is process by which a professional  guides you through the changes  with a greater likelihood of success.

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Humilty as a Leadership Trait

 Humility in Leadership Can Lead to Management Success

leadershipGood leadership is critical to business success. A leader must have a vision and be able to convice others to follow him towards the achievement of that vision. How can we tell that a person has the potential to be a good leader? What type of personality does a leader need to be successful? 

In 1992, Costa and McGrue developed the OCEAN Model of Personality Traits. Those traits include: Openness to Experience, Conscientiousness, Extroversion, Agreeableness, and Neuroticism. In going forward, work was done with successful leaders and how each one of these traits led to their success.

First is Openness to Experience. Leaders like to travel, visit new places and foreign countries. They also enjoy going to school and taking educational programs.

Second is Conscientiousness. Do they like putting together detailed plans? They also try to avoid getting into trouble.

Third is Extraversion. People with extraversion enjoy having responsibility for others and have a large group of friends.

Fourth is Agreeableness. This personality trait includes being a sympathetic person and getting along well with others. 

Fifth is Neuroticism. Neuroticism includes the ability to remain calm in pressure situations and being able to take criticism well.

I believe that, along with agreeableness and neuroticism, must humility must be considered. With humility comes the outward suppression of the ego. Humble people are more approachable. Followers are more willing to share ideas. It is a key component of Servant Leadership. Ganghi was a perfect example of a servant leader.

We recently received a video which will help in the understanding of humility and the importance of having balance between our personal and professional lives. Click below to see the video, Hot Chocolate. The video is in a Power Point Format

HotChocolate

leadership

  

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Working the Plan, Strategic Planning Can be a Waste of Time

What should we do at our off-site planning retreat this year? Let’s do some strategic planning. We’ll hire a consultant. He’ll lead us through the exercise. He’ll write in up and that will be a major accomplishment.Strategic Planning

 So often you walk into an office and there on the wall is a plaque with a beautifully crafted mission statement. The first impression is that this company or organization has great leadership; and is well managed. As time progresses, there is an opportunity to visit with the organization’s leadership; and, when the conversation gets around to their strategic plan you discover that the plan, was merely an exercise. It was done as a means of generating ideas and encouraging participative leadership, but never became an integrated part of organization leadership. The plan may exist in a well-decorated book or filed in the draw of a file cabinet.

Writing a business or strategic plan can be a very creative and rewarding experience. Using the written plan as a leadership tool can have a major impact on the success of the company, government agency, or non-profit organization. In making the transition from writing the plan to implementing the plan, an obstacle may be encountered which causes abandonment of the planning process.

Here are four ideas to keep in mind in making your strategic plan a leadership tool for success:

  • Are your goals SMART?

  • Have you ACTION steps been assigned with due dates?

  • Is progress continuously reviewed?

  • Are you stuck in concrete?

Continue reading

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Increased Sustained Profitability

Increased Sustained Profitability

Developing a Customer Loyalty Business Plan

marketing plan

Peter Drucker was quoted as saying, “The function of business is to attract and maintain customers.” One should add in order to make a profit or to be financially viable. Let’s suggest that within these combined statements there are three concepts to be explored:

  1. There is a distinct difference between customer loyalty and customer satisfaction.
  2. Customer loyalty depends on providing the customer with perceived value and a positive emotional experience at every point of connection.
  3. Within any profitable marketing plan there are more than the four P’s (price, promotion, product/services, and place) to be considered. Customers need to get what they want and come back for more for a business to achieve long term success.

  Continue reading

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New Years Resolutions

Management Success Starts with Setting Goals

As we come to the end of the year and start a new, lets consider the differnce between New Years resolutions and goals. Watch the short video below.

New Years Resolutions

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Are Leaders Born or Made?

Some Management Coaching Ideas on Leadership

management coachingLeadership is a key element in the development or rebirth of any organization, whether it is a for-profit business or non-profit community organization. It is important to large corporations, such as General Electric; small local businesses, such as a town dry cleaner; city, county and state government; churches, and service organizations such as Rotary.

Many of us admire the skills exhibited by those who assume leadership roles in these organizations and assume such skills are well beyond our own personal reach. We assume that people are born with these skills and are therefore in the DNA. That assumption is wrong. Though we may be born with the leadership trait of intelligence, all the others are developed through experience and learning. The qualities that define a good leader such as vision, focus, motivation, curiosity, discipline, positive attitude, perseverance, analytical thinking, excellent communication skills, and so forth are most definitely developed and not in the DNA.

Starting with this understanding, how can someone develop those skills which are needed to help grow their business, strengthen a government agency, help a church better serve its congregation, or help its civic club do good in the world? Let us consider four possibilities; experience, education, mentoring and management coaching.

Continue reading

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Finding and Hiring the Right People

Management Coaching to Build and Strengthen Your Business Through Hiring Right

management coaching

Jim Collins in his book, Good to Great likens a company or organization to a bus and concludes that is all about,” Getting the right people on the bus.” Organizations must have a vision and a plan but, “Great vision without great people is irrelevant.” Further he states that, “great companies find and place the right people in the right seats.”

In thinking about this subject, let’s consider the right type of person for a 21st century company, determining who you need; and some tips on interviewing.

In his book The World is Flat, Tom Friedman introduces the formula, “CQ+PQ>IQ”. This suggests that when looking for an individual who is going to be a contributor to your organization, their Curiosity Quotient (CQ) and Passion Quotient (PQ) should be greater than their Intelligence Quotient. Therefore, someone who is curious and motivated, in the long term, is a better hire than someone who is simply knowledgeable and smart. One can see the importance of this principle in any situation, but even increased importance in a world which is subject to rapid changes in technology and market needs.

Think back through your observations of people you have hired or you saw others hire. Within weeks of joining the organization there are signs of success or failure. How would you characterize those signs? Look at the KASH BOX illustration below.

Management Coaching

Wouldn’t you agree that although in some jobs knowledge is important, attitudes and habits are the factors which most directly affect the success or failure of a new employee? With this perspective in mind, let’s consider how it should be employed in finding and hiring the right people. Specifically, let’s consider the following three areas in the hiring process.

  • The Starting Point
  • Finding the Right People
  • Basic Interviewing Ideas
  • Advanced Interviewing Ideas

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