Enhance Your Credibility!

It’s easy to get lazy during these last two weeks of the year when everyone seems to be busy. Yet, it’s the perfect time to enhance your credibility as a business professional.  Here are some helpful hints:

Dress well.  Wear appropriate business clothes to meetings and events during this time.  It’s easy to want to wear your jeans or your less professional gear.

Network.  It’s a great time to connect since most people don’t.  Use these last two weeks to meet and thank valuable contacts.  At a minimum, call or email to set up meetings for the beginning of January.

Show up and be seen in the office. Many people will spend the next two weeks cleaning up projects and handling other items found in their in-basket. Spend time doing the same thing yourself.  Answer your phone. Return all calls. You’ll be amazed by your productivity and will feel good about wrapping up fourth quarter 2010.

 

©Jeannette Seibly, 2010

Are You a Good Entrepreneur?

If you answer “Yes” to any of the following questions, you might be like many other entrepreneurs and business owners, who would rather have a root canal than take a cold hard objective look at their businesses and how they manage them. Each “yes” is a signal that it’s time to talk with a business mentor and hire yourself a coach before it’s too late:

  • Are your financials in the red – or bright pink? Sadly many self-employed business owners are afraid of numbers. Do you find it so scary to take a close look at the numeric metrics of how you are doing, you wait until you are forced to do so? Generally Accepted Accounting Principles (GAAP) do apply to you. Hire a bookkeeper or your CPA to help you set up your books. If you are not reliable to keep them updated on a weekly basis, hire someone who can.
  • Are your customers leaving and new ones are not filing in? Many times we get caught up in the “bright shiny object” of our ideas. We miss the fact that others don’t “get” what we are selling. Hire a marketing coach and/or a social media professional (even if you are already using social media) to help you objectively look at your offerings and clarify your message.
  • Have you become arrogant and egotistical – a jerk? Most “jerks” are unable to identify themselves as such. If you wonder, just ask your closest friends. Being a bad boss, having no one want to work for you takes its toll on you and others.  So does having clients leave in frustration, unwilling to work with you. Everyone can learn effective management and customer service skills that will work for them, if they are committed to the process.
  • Are you unable to decipher between good and bad advice?  Poor decision-making is a visible sign of someone who may not have the business maturity to be a good business owner. Are you able to take coaching and implement it effectively? Your improved results are the markers that best signify to others you’re doing well and your business is moving in the right direction.
  • Do you have high turnover? This is a reflection of poor hiring skills and systems, even if you get lucky once in a while. Hire the right person(s) and you look like a superstar.  Hire the wrong person(s) and you’ll may need or want to close the doors and start all over again.  Work with your coach to implement a legal and valid process. It will make all the difference in your success. 

©Jeannette Seibly, 2010

Don’t Get Bit in the Financial Butt!

Perfection is a myth, yet, many companies engage in seeking the “perfect solution” to stay competitive and improve the bottom line. A few are doing a great job by focusing on “viable solutions.” Most, however, are realizing mixed results due to reliance upon the same old practices that have long surpassed their peak. Less savvy companies are simply hanging on to their soon-to-be outdated products and services. They are afraid to make changes, despite their customers’ requests, and dismal sales.

Why have many business owners stopped listening during this critical time? They fear the change process. They don’t understand how to create a blue print for success. They falsely believe that since riding it out it worked in the past, it will work now. Sticking your head in the sand (think, ostrich) will only get your financial butt bit – hard!

Navigate change now. Waiting won’t change anything! Management needs to seek the right guidance and alter their paradigm to include change. It doesn’t need to a big, evil, costly endeavor. It’s time to hear employee and customer ideas with an open attitude. A simple twist of the wheel may gain the competitive advantage. Proper alignment, direction, and training to manage ever-changing economic factors will keep your doors open for business!

Talk Straight. Give the members of your staff the opportunity to contribute, appropriately. Brainstorming isn’t about judging ideas as right or wrong, or good or bad.  It’s simply a process to gather ideas. Often, off-the-wall ideas are winners once they are narrowed down and fine-tuned. Determine the ROI and viability of the final cuts, and during implementation and execution, train everyone to ensure consistency and positive results. Focused action is the key.

Big Picture vs. Small Details. Some people tend to get caught up in the “bright shiny object” of the bigger picture; others get lost and don’t understand how to move from “here” to the vision of “there.” Create a strategy to put everyone on the same page. Break tasks down into “bite-sized pieces.” Keep listening to and communicating with your team. When you hit the inevitable walls that crop up due to poor planning or implementation, do not reduce your expectations of intended results! Readjust your strategy as necessary, but remember: the success or failure of any idea is in the details.

Hire a Business Mentor. If management is too narrowly focused on people considerations OR on bottom line financials, it could stymie the forward movement required to achieve the expected results. A business mentor helps you blast through the stumbling blocks that change causes. A business mentor helps you make the hard decisions that may be unpopular, at least initially. S/he can also help you create business savvy solutions that balance people and numbers. Someone from outside your organization can see landmines coming up more clearly than you can, since you are so close to the situation. S/he helps you recognize and navigate around them, and enables you to move forward with speed and confidence.

(c)Jeannette L. Seibly, 2010

Costly Promotions

Companies are very focused on being cost conscious, especially in the current economic climate. Many bosses have promoted their key employees too quickly, beyond their skill level — to their level of incompetence. Bosses falsely believe they are saving time and money, but this type of reactive decision-making ends up being costly and has a detrimental impact on the company. Sadly, the once successful employee feels forced to leave the company when her/his continued contribution is short-circuited, and will rarely go quietly.

Since the person was previously treated as an asset to the company, it is often unclear as to why this sudden experience of failure is happening. Instead of having a professional conversation with her/his boss to provide solutions to this dilemma, s/he blames extraneous factors and looks for a new job, outside the company. The real issues? The newly promoted person may not have taken the time, or taken advantage of the opportunities, to develop the interpersonal skills required for the new position. Perhaps s/he has not learned how to delegate or is unable to prioritize and manage multiple issues well. S/he may simply lack the interest and ability to quickly learn the skills required for performance success (e.g., technology, financial, mechanical, sales, etc.) in this new position.

Time to get real. Newly promoted people may be unable to acclimate appropriately when business needs change rapidly. Where did the old adage, “sink or swim” come from? It didn’t work then and doesn’t work now. Unfortunately, employees feel they can not say “no” to their bosses’ requests without hurting their career. If they may agree, their naiveté can create additional issues and stresses since they do not possess the required depth and breadth of experience. It’s time to create a win-win development plan that helps the employee succeed and meets the needs of the business.  Be realistic – it takes time. Employees won’t suddenly become great managers if they have poor people skills. Employees with no interest in financial monitoring will not handle their budgets well. Top sales people will not make the best bosses. Remember, accepting mediocrity loses customers internally and externally.

Provide an outside coach. An outside coach can provide insights that the corporate mindset and culture may overlook. The employee will feel more comfortable sharing her/his challenges and fears, confidentially. They know many bosses have long memories, and don’t want the risk. Ensure there is clarity of goals to be accomplished every three months. Write them down. Put together action plans for implementation. Monitor effectiveness. Keep it simple and smart!

Keep valued employees. Although egos play an important role in a person’s ability to stay and thrive after a failure, it requires the boss’s dedicated intention to keep a valued employee! Find a position within the company where s/he can be successful. Don’t be afraid to create a new position to keep the person, but use a scientifically validated assessment tool to ensure you’re not simply creating another new issue. The cost of hiring a replacement is much greater than realigning a job description to match up employee skills with business needs. Provide focused training and development so the employee can gain the skills s/he lacked that caused the demotion in the first place. This allows the employee to experience success once again, and provides her/him with the opportunity to be promoted in the future.

©Jeannette L. Seibly, 2010

More Money Does Not Equal Better Results

Too often employers are held hostage when employees demand more money to do the job they were hired to do. Since most employees are paid by the hour and not by the task, it’s difficult to know when to reward someone with additional compensation, particularly when you don’t have stated and objective performance results for each position. Unfortunately, even though everyone says “money is not a motivator,” many employees have the false perception that money will indeed motivate them!

It starts with clarity in your hiring process. Since most hiring processes are fraught with improper and antiquated methods of selecting people, it’s important that you are clear on expectations for the job. Then, hire the right person based upon needs for the job, not his or her ability to sell themselves! Remember, the wrong person in the right job will rationalize poor compensation as the reason for poor performance.

Set up clear expectations on Day One. Onboarding new employees requires the boss to provide a written outline and timetable for producing the required results, along with an accurate job description. To create a win/win for a new employee, the boss needs to stay involved, working through the new employee’s honeymoon period, and beyond. Do not make mention of additional compensation opportunities until after a six-month period. Communicate a clear expectation – in writing – of the results required for the new employee to receive any added monetary perks.

Compensate based upon results. Too often, employers compensate based upon promised results. If employees who don’t deliver these results receive the money anyway, they get a pretty clear message that achieving performance goals is not truly important. It is wise to devise a plan that is performance based. Make sure the goals are objective and attainable.

 ©Jeannette Seibly, 2010

Don’t Fear The Rattlers

There is a saying, “Don’t pet the rattlesnakes.” When bosses make decisions, these are not always perceived as welcomed solutions. Some employees are very attached to the current state of the business, and are not privy to financial impact or other business issues behind some decisions. Any change can cause employees to get nervous. When you look at financial results and other objective data with the human perspective factored in, the end result may be some of your employees are upset by the required change.

Your response. When you encounter a rattlesnake, you simply back up and review your options. The same response works here. Some times it’s as simple as waiting out the rattling – by communicating the changes in a factual manner.  Other times, you may need to change your implementation approach to ensure employee buy-in.

Consistent communication is the key. When you make changes, communicate in a straightforward manner. Keep it simple and smart (K.I.S.S.). Don’t get into mind-numbing details. Pick three key points and share them appropriately and simply.

Right decisions may not be applauded. Change of any kind can create uneasiness amongst employees, regardless of economic and/or political environments. When you make the right decisions for the right reasons, simply stay the course. K.I.S.S. (see point above). Eventually, most employees will concur it was the right course of action after they experience the sure-to-come positive results.

Poor decisions may not cause rattling.  Poor decisions coupled with no reaction from employees or customers may allow you to falsely believe you’re on the right path. The truth is you may have a history of making incorrect decisions, if you base them upon little or no factual information, or unable to interpret the data in a manner that creates truly new solutions. Employees and/or customers may simply seek other employers or vendors/suppliers silently.

Solution? Talk with your business mentor(s) to ensure the design and execution of your decisions meets your business needs, now and in the future. It’s critical to incorporate the human side into your process to support the success for all of your (internal and external) customers. Encourage your employees to provide solutions in a positive way, and not in a critical “all or nothing manner.”

©Jeannette Seibly, 2010

Generating Ideas for Profit

Many entrepreneurs and business professionals love to think up new and innovative ideas all the time. It’s fun. It keeps the ego alive and happy.  Unfortunately, an inability to take these ideas from start to profitability often impedes progress. When the ego gets in the way, the focus of moving an idea from the conceptual into the practical drops.  Some simply don’t have the business experience and fail to create a practical plan. Others are easily distracted by the “bright shiny object” and neglect to finish executing the steps necessary to finish the project.

Delve into your ideas.  Complete a strategic plan along with a reasonable return on investment (ROI). If an idea seems to have a positive ROI, make a detailed tactical plan. Again, review your ROI to ensure you haven’t inadvertently made it unprofitable. Recognize that some ideas simply cannot be made into a profitable venture.

Keep Additional Ideas.  Write these ideas down anyway and file them for later review.  It might be worth revisiting them in the future, from a fresh perspective. You can focus most effectively on launching only one profitable project at a time. 

Beware the lure of bright shiny objects. Too often the shininess of new ideas rivets our attention and we quickly lose interest in any current project. If we haven’t developed the brain power to work through ideas carefully, the cloudiness of implementation overwhelms us before we even get started.

Create Focused Action Plans. It’s crucial that you work with a Business Coach to provide clarity and ease in developing a plan for success, and to ensure financial profitability. Remember, the success or failure of any project is in the details. Hence, the need for a detailed and Focused Action Plan. 

When you hit the proverbial wall, it is time to make a critical assessment before implementing any changes.  What is working? What is not working? Knowing the specifics will prevent making arbitrary or unnecessary changes (aka sidetracked by new ideas) that sabotage success and drain time, money and energy.

©Jeannette Seibly, 2010

Beware of Time Mongers

As business owners, executives and professionals we are very busy people.  Many of us wish we had more time to get everything done.  The unfortunate truth is that it wouldn’t matter if we had more time –  we would simply keep creating too much to do!  Instead, make time work for you.

To use the time you do have more effectively, change your attitude:

Multi-Tasking is a Myth. Thinking or doing something in addition to listening or working on a task creates mediocre results. And, more work in the long run due to customer dissatisfaction. Stay solely focused on the task at hand and you’ll get it done faster and better. This also works wonders when listening to others. It’s amazing what we miss when we’re not focused!

Pay Now or Pay Later. We use our busy-ness as an excuse for not taking the extra minute or half-hour now (or scheduling it for the near future) to hear what someone has to say, fully! Because we are poor listeners, it takes us longer to resolve an issue or get to where we are going. Unfortunately, it often takes us hours, days, months, and even years to resolve something that we could have resolved now.

Prioritize. Many of us wish we didn’t have to handle certain projects or handle sensitive employee issues. We’re late for meetings, or fail to ask for and receive needed direction.

As a boss or leader, you need to handle the toughest parts first! Being the boss doesn’t allow you to impede productivity of others because of your own inability to handle issues. The biggest obstacle? Not being prepared. Take time to break issues into smaller pieces. If you are unable to handle people issues or conflicts, appoint someone else to handle them for you. Talk with your coach if you don’t know how to break issues into smaller do-able pieces.

20 minute rule. Tackling anything unpleasant, but necessary? Set aside 20 minutes of uninterrupted time to handle tasks or issues (hint: shut the door and turn off voicemail or email).  You’ll be amazed at what you can accomplish in a short period of time.

©Jeannette Seibly, 2010

Onboarding Dilemma – The Boss!

As bosses, we get excited when we’ve finally filled a position. We feel our job is done. It’s up to them to be successful. Sink or swim. The problem? Even the best of hires can struggle to acclimate to a new environment without the help and support of their boss. 

Onboarding is an extension of the hiring and selection process, which can help ensure a person’s success. A well designed system provides the new hire with an informal and formal approach to learn about their job responsibilities, how to navigate the company culture, and how to interact effectively with their new co-workers, management and customers. While formal programs are easy to put together, it’s the informal ones, which are often the deciding factor, that are challenging. Bosses need to provide proper mentoring (and coaching) options for success. Failure to do so usually means career derailment for both of them.

Hire the right person first time around. No system or boss can fix a person who does not fit the job. Use a hiring and selection system that includes scientifically validated assessment tools. These objective tools take the mystery out of why some people are natural fits for their job responsibilities. It calibrates true willingness to acquire interpersonal, technical, mechanical, enterprising, sales and/or the financial savvy required. These same tools indicate why a new hire may need additional training that you may – or may not – have planned on providing!

Manage the Honeymoon Period. Typically all new hires have an initial period when everything goes well. Then they hit the proverbial wall. The honeymoon’s over.  As the boss, you must coach them through the issue(s). Set them up for success by providing specific written results that are expected to be achieved within the first couple of weeks.  Outline success indicators to show they are on track. Expand intended results for their first quarter on the job, six months, and one year.  Use of a 360-degree tool can also provide additional insights.

Start this Onboarding process on day one of the job. Reiterate what you’ve already said in the hiring interview. New hires may have forgotten key information, or find that their perception wasn’t what you intended. NOW, is the time to get on the same page!

Listen and Learn.  The key to successful onboarding is for new hires to listen more than talk! It’s important they learn from different people and ask the same questions of other employees, co-workers, and management. Don’t forget to include vendors and suppliers. The new hire should not offer opinions during this process, but rather, privately offer recommendations to you at first. This will provide you both an opportunity to learn from one another. As the boss, you can help them successfully navigate the corporate structure and learn how to work with and through others to develop successful solutions and relationships within your organization.

Pay particular attention if they seem to believe they already understand how to effectively use your company systems. Just because it worked somewhere else doesn’t mean it will work the same way here. Be sure to check in daily for the first couple of weeks to ensure positive progress is being made. Then, if all is going well, extend check-in’s to once a week.

Provide a mentor or coach. This is a great way to help new people ask questions that can be held in confidence. These same questions, asked of co-workers could inadvertently sabotage the new hire’s success.  Be vigilant with   new hires who repeatedly find convenient excuses for not meeting with their mentor (or coach). Watch for problems brewing, before they become major issues. Understand new employees can sabotage themselves by not incorporating suggestions or relying upon their experiences and idealistic ideas of how things “should” work. This limited, often erroneous perspective, can get in the way of their success within your company. As their boss, schedule time to have “come down to reality” conversations. Remember, you are their key to success, or career derailment.

 

©Jeannette Seibly, 2010

Multiply Your Effectiveness

You are having a great day. Everything is going well. Projects are done on time and within budget. Disruptive conflict is non-existent. A new idea has saved the company (and client) money and time. It’s solidified your reputation as an effective boss and your employees are happy. 

Wouldn’t it be great to have more days like this one? You can when you have the right person in the right job.

1)     Hire for Success: 
Use objective and scientifically validated pre-hire assessment tools to assess accurately for job fit, including: thinking style, core behaviors and occupational motivation/interests.  (http://SmartHiringMadeEasy.wordpress.com)

2)     Coach for Results: 
Many times managers lament that they can’t get things done on time because of their employee’s unwillingness to do it correctly. Or, they are too busy firefighting urgent customer needs. Focus on results, not busy work. Clarify your expectations and the results required. Teach your employees how to cost-justify possible solutions. Provide learning moments when they make mistakes. Use tools that provide insights to more effectively communicate and manage each employee.

3)     Walk the talk:
Don’t expect employees to do things you wouldn’t do.  For example, if you’re not willing to manage your own time to attend meetings on time and be prepared, it is counter-productive to expect others to do so.  Clarify your expectations of others, and then be a great role-model.

(c)Jeannette Seibly, 2010