Take The Break You Deserve

work-2005640_1920Most of us look forward to the holiday season as the perfect time to take some time off with family, but if you’re a typical business owner, you might be looking at this holiday break as a great time to get some extra work done. The freedom to work without being interrupted is a pretty exciting prospect for many of the business owners I work with. I advise that if we don’t take the time to relax and disconnect, we may end up piling more stress on top of an additional workload.

Aside from leaving your work back in the office, spending time with your loved ones during the holiday season is important. Even when you’re doing a thousand things per day, try to reset and think about who and what you’re working for. If you’re finding it hard to take your well-deserved time off, here are some practical tips to help you unplug during the holiday season:

Cover all of your bases before the holidays

Before that last work day of 2018, you might like to have your workload in a place that feels comfortable enough to leave for a couple of weeks, and manageable enough to pick up again in January. This includes responding to emails, setting up appointments and completing any urgent tasks. Many people find that they can’t relax if they have a mountain of work waiting for them when it’s time to come back to the office. See what you can do to take as much as you can off of your plate before loading it up again.

A concrete strategy for completion can be helpful in the weeks preceding the holiday break (e.g. having a set goal for completed tasks each day). Take a deep breath: no matter how organized you are, you may not complete everything on your list, and that’s okay. Try to prioritize, and leave the remaining tasks for a new, fresh year.

Leave work mobile devices alone

 It’s going to be really tempting to check your work phone during the course of the holidays (trust me, you’re not alone), but doing so can make you spiral back into work mode. In order to turn off your work brain, try to shut down anything and everything that inspires you to start working again, especially work related devices.

To make it easier to step away, have someone close to you help you with accountability. Allow them to help you set some boundaries and have them recommend a safe place where you can keep your work phone during the holidays. Don’t worry – it will still be there for you, right where you left it, once January 1st rolls around.

 If you must check your work emails, only do so once per day

 If you’re the type of business owner who still likes to stay connected to your business, even when you’re on vacation, see if you can limit checking your email. Setting aside one time per day (e.g. in the morning) to check in can be a very helpful way to see it, deal with it, then leave it. Limiting the amount of time you remain plugged in can be a valuable step towards finding a sense of peace and relaxation outside of the office.

Have an automated email response that provides an emergency contact

 In the event of a work emergency during the holidays, it can be helpful to have an emergency contact available via an automated email response. If someone absolutely has to get in touch with you during the holidays, an automated email response can be set up to provide them with your emergency contact. However, try not to give this contact out to anyone under other circumstances. Remember- you’re trying to relax!

Kicking back for the holidays can feel virtually impossible, and even when you’ve done everything you can to leave your work at the office, you may still find yourself reaching for your work phone during the holidays. It’s natural. As a business owner who is passionate about what you do, you’re always thinking about what more you can be doing, and how you can make it better.

Some experts suggest that taking some time off can actually help to increase your productivity. Mental stress doesn’t just create physiological issues; it can actually prevent you from giving your full attention to your work. Consider your holiday break as an opportunity to get fully charged for a new year. That way, you’ll end up feeling better and more productive.

However, taking a break is not only important for your own mental health, it’s important for the people you care about. We all deserve time to breathe! Work on releasing the urgency of getting work done in favour of enjoying every moment of joy the holidays have to offer. Who knows? You may even find yourself enjoying the time away.

 

 

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The Pros and Cons of Letting Employees Work From Home

adult-brunette-communication-920381It’s not out of the ordinary for employees today to ask to work from home. Many business owners tell me that their employees feel like they are more productive overall when working remotely.

What can you do to accommodate them, especially if they feel like the arrangement will make them a better asset to your company?

Many employers are making it a priority to keep an open door policy with every one of their employees so that they can be aware of anything that may prevent them from coming into the office. Let’s take a more in-depth look at some of the possible pros and cons of allowing your employees to work from home:

The Advantages 

There’s no better way of ensuring employee retention than meeting them halfway. In my experience, a happy employee is a loyal employee. The satisfaction that an employee experiences from being able to work from home can be a great way of motivating them into being more productive. This can also serve to create a strong sense of employee/employer trust. If an employee feels like their employer trusts them to get the job done, they will feel valued. When you empower your employees, the possibilities for growth are truly endless.

The Disadvantages

If having all hands on deck is essential to your company, letting an employee work from home may not be an option. It can also be an issue in terms of monitoring your employee’s progress. You will have no way of controlling your employee’s production, which can be difficult if you like having the ability to check in with your staff throughout the day. Although Skype and FaceTime can help maintain a connection, it’s not a replacement for face-to-face mentoring. Additionally, personal life distractions, especially technological ones, can be unavoidable for most employees working from home.

As a business owner, you are keenly aware that your employees are the most valuable part of your business. Be sure to maintain an open dialogue with each employee and come up with a working solution that fits both of your needs.

If you’re wondering what more you can do to assist employees who want to work from home, contact me today to join a TAB peer advisory board.


You Don’t Have to Know Everything

adult-brainstorming-business-1181622As a business owner myself and through interacting with business owners nearly every day, I understand that it can be difficult to let go of certain aspects of your business. However, you can’t be everywhere doing every job all the time, especially as your business grows. I’ve seen many TAB members stretch themselves thin this way, which can lead to important matters slipping through the cracks.

In a perfect world, no one would wear more than one hat at a time. If you’re wearing so many hats that you’re feeling weighed down, find out if any of them will fit your existing employees. If no one is a match, or if your current employees are also overwhelmed, it may be time to recruit.

Needing to delegate is not a weakness. In fact, acknowledging that you need to practice delegation can reveal the following positive qualities of a leader:

Forward-Thinking

You have big dreams for your business, but you may be hesitant to take the necessary steps to reach your end goals if you have enough on your plate as it is. By delegating you are preparing your business for future growth. By freeing yourself of tasks that can be trusted to your employees, you will have the time to look for new growth opportunities. It’s hard to see the horizon when your many hats obstruct your view.

Self-Aware

When you show your staff that you understand your own strengths and weaknesses and know they can take the lead in areas that aren’t your strong points, you build a trusting work relationship. By respecting the skills of your employees, their performance and the overall work environment can drastically improve.

One of the best ways to show self-awareness is to listen to your employees. How would they suggest the business processes could be improved? What are their opinions on employee morale? They may even have constructive observations on how you can improve as a leader. I encourage business owners to welcome feedback from their employees.

Approachable

Inviting your employees to provide feedback opens the doors to communication. No matter how approachable you may be, it can be difficult for some employees to feel comfortable around an authority figure. Communicating both your strengths and shortcomings to your staff humanizes you to an approachable level. If they seem resistant in the beginning, I would suggest sending an internal survey that staff can submit anonymously. Once they see that their anonymous proposals are being taken seriously, they may be more willing to come forward for future communication.

To discuss how you can find out how other business owners take initiative with delegation, contact me today to join a TAB peer advisory board!


Business Reorganization After Growth

arrows-box-business-533189As your business becomes increasingly successful, certain aspects of your business will need to change and/or grow to keep up with your demand. Through TAB meeting discussions, I’ve seen this growth take the form of increasing your inventory to meet local demand, expanding to another location to meet national demand, providing more offerings to meet client interests, or outsourcing or hiring more staff to meet all of the above. If you keep hiring more employees, there will come a time when you need to reorganize your reporting structure or even your departments.

In anticipation for future growth, I encourage all business owners to create an organizational restructuring process to ensure your business expansion goes as smoothly as possible. Here are just a few topics you may want this process to cover:

Promoting vs. Hiring ­

When your business requires a new department, you will need to decide if it’s best to promote an existing employee or hire someone new to manage it. It may sound ideal to promote someone who already knows your business, but it could be best to hire someone from outside your business with a more precise set of skills. For example, your highly skilled and dedicated salesperson may not have the right qualifications to lead a new marketing department.

Training

If you do hope to promote from within, how will you prepare your employee for the tasks and responsibilities that come with a higher-level position? If you anticipate expansion in the coming months, I have seen many business owners see success with managers mentoring talented employees to prepare them to take on the same or similar position. An outside hire can learn the ins and outs of your business this same way.

Communication

To ensure everyone in your business is on the same page at every step of growth, you may also want to detail how to communicate to staff that the growth may affect their roles within the company. If big changes are coming and your employees aren’t aware of what they are, they may jump to the conclusion that their jobs or the business may be in trouble when in fact the opposite is true. Your success is their success, and clear communication of any changes in roles or responsibilities can greatly help the progress continue.

Once your organizational restructuring process has been developed and implemented, I encourage you to regularly monitor and reassess its effectiveness. Perhaps there’s an area that can be improved or wasn’t ideal for the type of growth your business experienced. Did you actually need to hire more in-house staff, or should you consider hiring contract workers in the future? It’s important to be flexible and allow your processes to grow and improve with your business.

If you would like to discover how other business owners have restructured as a result of growth, contact me today to discuss becoming a member of a TAB peer advisory board!


Don’t Let Numbers Paralyze Your Business

document-3268750_1920Since profit is essential for longevity and overall success of a business, it can be difficult to not obsess over your business’s numbers. As a passionate business owner, you may find yourself spending a lot of time worrying about unmet sales goals, overspent budgets, or unforeseen expenditures. These are all valid concerns, but is fixating on them benefitting your business?

Probably not. Instead, I encourage you to look at your business’s big picture. I believe that numbers are better used as a point of reference for the future rather than as an immediate source of panic. To help free you of the burden that numbers place on many business owners, here is what I suggest:

Build a Detailed Plan

You may have annual or quarterly financial goals, but are they included in an in-depth plan that includes steps and strategies to reach those goals? It’s generally easier to reach a destination with a map. Consider implementing KPIs into your business plan to help you recognize that a poor financial quarter doesn’t necessarily mean your business isn’t growing in other relevant areas.

Re-evaluate Your Existing Plan

If you already have a detailed business plan, it can be understandably frustrating if you are not meeting your goals. You have big ambitions for your business, but every business moves at its own pace. Consider that perhaps some goals may be currently out of reach and can be postponed until next year. Aim for greatness, but ensure your goals are realistic for your current means.

Communicate With Staff

Part of re-evaluating your business plan may include confirming that individual staff and departments are aware of the specific part they play in achieving the company’s goals. Perhaps your employees are doing their best to play their parts, but their best could be better if offered the right motivation. Budgets are often tight, but there are ways to keep employees motivated without giving pay raises.

Remember, going over budget on one item or for one quarter rarely means that you need to stop everything. Businesses have their ups and downs, but you will remain on the path to success as long as you treat everything as a learning opportunity.

If you would like to discuss how to build an effective business plan, contact me today to join a TAB peer advisory board.


When Is Hiring A Contract Worker A Good Idea for Your Business?

shutterstock_189811220As a business advisor, staffing has to be one of top issues that business owners need help with, particularly whether to hire more employees and what type of employee. You may have read in recent media coverage that a growing trend for 2018 is the increased hiring of contract workers by small businesses. We know that a contractor is someone who works for your business on a defined basis, and they can sometimes be referred to as freelance workers or consultants. But it’s very important to remember that contractors are independent businesses, working for you. They can help your business through periods of growth or difficulty, but they are not full-time employees.

Initially, some business owners may focus on the bottom line and think of the hiring of contract workers as a way to save costs. I’ve outlined below some of the key factors you might want to consider when determining if hiring contract workers makes good business sense for you:

  • Your business has turned down major projects due to lack of resources
  • You’re preparing for a seasonal change in business and demand is uncertain
  • You’re trying to remain lean but your budgets are a concern
  • Your business needs someone to hit the ground running
  • You are considering testing out an internal need without a serious commitment
  • The project requires a specialized skill that your company lacks, or as a business owner, you don’t plan to specialize in
  • If you are in an industry that is a fast-growing, such as technology, you can hire a contractor faster than a full-time employee to keep up
  • If you have a virtual office or small space, a contract worker can work offsite

Create a Network
You can hire independent contractors for one-off projects or even long-term business functions such as I.T. or payroll, to help you manage workloads during peak periods. This is why it is so important to create a network of contractors that you trust, so that your business can say “Yes!” to more projects. Being able to hire reliable and available contractors on an ad hoc basis can be a good strategy for growing your business.

Determining your hiring needs and making informed decisions is an area that can be challenging for business owners, and one I see often as a business advisor with TAB. If your business would benefit from the guidance of other business owners who have “been there”, as well as an advisor who has “done that”, contact me to see how I can help!


Ready to Unleash Your Inner Entrepreneur?

k-63-dsc5156355559-paint_1There comes a point in an executive’s career where most, if not all professional milestones have been achieved. It’s a point where I have found many executives start to become restless, looking for the next challenge. If you don’t share the same excitement your colleague’s have about their retirement plans and you are thinking about how you’ve always dreamed of being your own boss, then I’d like to share with you a great opportunity to unleash your entrepreneurial spirit!

As a franchise owner for The Alternative Board (TAB), you not only have the freedom to make you own decisions, have low overhead costs, and determine your own hours, but you will have the backing of an international franchise and be making an impact on small businesses and their owners.

As a TAB franchisee, you will:

  • Build and manage an advisory board of up to 10 non-competing businesses
  • Coach business owners to improve their leadership skills and help their business grow
  • Facilitate group meetings and discussions to propose constructive, powerful solutions to business problems
  • Guide and grow your business with autonomy, and with the backing and support of an international franchise

This opportunity is perfect for:

  • Executives with an entrepreneurial spirit, who have an abundance of experience in the corporate world
  • Business leaders who look to tackle a new challenge for the next 10-15 years
  • Those who would enjoy helping passionate business owners innovate and grow their businesses

Becoming a TAB franchisee allows you to be your own boss, make your own decisions, and help small businesses succeed. It’s the perfect opportunity for someone who wants to make a big difference in the lives of many small business owners and their ventures. If you’d like to learn more about being a TAB franchisee, contact me today!