Tag Archives: business strategy

Uncovering Your Disadvantage Dollar – Part Two

disadvantage dollar

Finding the disadvantage dollar in your business.

Continuing on from last week discussing your disadvantage dollar. A refresher on what that is… It’s the money your business is missing out on through all sorts of channels and avenues. Sometimes it’s things that are costing your business money.

Last week, I shared an example of a business that was having problems with staff time and approach to work. This week, I’ll talk about a business that was missing quotes (resulting in missed business), and one which had mistakes made too often that were causing stress or overtime on the part of the owner and causing him/her to miss out on things like valuable family time. Continue reading

Uncovering Your Disadvantage Dollar – Part One

disadvantage dollar

Do you need to uncover the disadvantage dollar in your business?

Most business owners are not aware of the places their businesses are ‘leaking’ money. Sometimes real, sometimes in other forms such as lost or missed opportunities, inefficient use of time and other resources and ongoing frustrations that seem constant.

More often than not, these frustrations are dismissed with a shrug as ‘just a part of running a business’. Until the day you decide to measure what it is actually costing you.  Better sooner rather than later.

The good news is that once you look into these you can generally uncover the cause, and the higher the cost to you or the business, the sooner you want to address it.

In almost every case of when a business is leaking money, it will be because of a missing system. Continue reading

Managing Your People to be the Best They Can Be – Part II

managing

Today I’m going to talk more about the Personal Progress Meeting (PPM). You may be wondering what the PPM covers. What do you talk about if you’re not talking specifically about their works items, or work in progress?

Here are some of the topics you can cover:

Current work issues – what’s working, what’s not working in their job and the jobs of others. What are their ideas for improvement and cost savings. What are your ideas and what does the direct report think of them. Continue reading

Managing Your People to be the Best They Can Be – Part I

managing your people

How does a small business owner who is extraordinarily busy at the best of times become a great manager? How do you go about managing your people to be their best?

There is one system that is the best training and learning ground for both managers and their direct reports. This system is extremely powerful and effective, and the more often you do it, the faster you’ll move toward your strategic intent.

This system might sound counterintuitive. Some of you are going to say, “But that’s just going to give me more work.” Believe me, if you do this the right way, it will free you up in ways you could never imagine, and at the same time, help your employees on the way to being the best they can be. Continue reading