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One of the best pieces of advice I can give anyone who is planning to start a new business or join an existing venture in a leadership role is… READ! 💡💪🏼
Reading can help you to be better informed, understand what you’re getting into, set your mind to a mindset of success, and to improve your general leadership knowledge! 👏 Running a business and being a leader are NOT the same as being great at whatever it is you do... Whether that be a carpenter, stock broker, financial planner, accountant… Or anything else for that matter! Leadership and business management come with a unique set of challenges that can be better understood by picking up a game-changing book! For me, some of the most influential books in my life have been…
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Procrastination is common. In fact, many of my clients arrived with their email inbox overflowing and their desks piled high (literally and figuratively!).
In my experience, leaders that do not keep their focus aligned with their goals are more likely to get lost in work that can be easily delegated, or in tasks that are irrelevant. I would also say that emotional overflow, such as stress or tiredness, as well as not trusting our teams are also common reasons why procrastination takes over! So, how can you stop procrastinating❓ Running a business and leading a team can be hard work. For many, it can come with long hours, a lack of balance, and endless cashflow stress, too!
Today, I wanted to point to the glowing light at the end of the tunnel…💡 Did you know that building and running a business doesn’t need to be painful? In fact, it can be rewarding, exciting, and dare I say, enjoyable! Here’s some quick and digestible advice for how you can start building a business and leading a team in a way that brings you joy, rather than bringing you stress! I get it, being a leader is not easy. There is always something more to think about… Team, growth, cashflow, profit, ethos… The list goes on!
As a business, leadership and management coach, over the past nearly 2 decades, I have spent much time with my clients helping them to gain clarity of what areas of their business need more focus. Clarity can make so much difference, so I thought I would offer you some advice today which may help clear things up your end, too… So, what are my top 3 areas of focus for leaders right now? For me, self-awareness is critical. Why?
Because whether you’re a CEO, MD, or manager, you’re leading a team of people who will respond to you and your leadership style, communication style, and general way of being! So, in order to lead a team built on a foundation of trust, integrity, and positive culture, which in turn will lead to success, productivity, efficiency, and growth, you need to know as much as possible about yourself! “How can I be more self-aware?!” I hear you cry! 🗣️ Here are just a few of my tips for improving your self-awareness, to help you improve as a leader… As a business, leadership and management coach, I regularly work with everyone from CEOs, MDs and managers to business owners and entrepreneurs, to help them to lead with confidence, congruence, and integrity…
Within my coaching programmes, I often find myself sharing similar advice with many of my clients, so I thought I’d share some of those nuggets today! 😊 After more than 15 years as a business coach, you would not believe how many times I have asked a small business owner “how is your cashflow?” only to hear, “I don’t know, not bad, I think?”... 🥴
I get it, if you’re a business owner who got into business because they were a great mechanic, engineer, marketing graduate, or frankly, any other skilled professional, the likelihood is you have found managing a business overwhelming! There is so much to think about, and as a result I have found that cashflow falls to the bottom of the pile, if it ever makes it onto the pile at all! So, would you like to know a secret Over the past few years, you may have heard the term “outsourcing” being used more and more, but some leaders are not really aware of the difference it can make. Many organisations, especially smaller ones, assume that outsourcing it only for the big corporates.
Outsourcing is very similar to delegating… Ultimately, it’s getting someone else who is better suited and skilled at a certain task to complete it, rather than you! (Usually in half the time!) What is the difference between outsourcing and delegating? The truth is, very little! The only major difference is that outsourcing means to ask a professional outside of the business to undertake the task. For example… Do you ever have non-stop days where you're busy all day, but at the end of it, you feel like you haven't actually accomplished anything? That's the difference between activity 😥 and productivity 🤩!
Activity is running around all day, doing a million things, but not really getting anything done. I liken it to a day of troubleshooting or ‘firefighting’… Productivity is actually getting things done, even if it's just one or two things, and feeling accomplished as you wind up for the day Every part of me believes that the heartbeat of success for any business or organisation is rooted in understanding and managing cashflow!
Regularly assessing cashflow and budgeting based on careful forecasting isn't just good practice, it's the lifeline that sustains and propels businesses forward. Cashflow isn't just about tracking money in and out - it's about foreseeing the tides and currents that affect financial stability. It empowers businesses and organisations to anticipate challenges, seize opportunities, and make informed decisions.. |
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