An Efficient Advice for Owner-Managers
As owner-managers, it is quite feasible for us to get immersed in the day-to-day operations of our businesses. However, dealing with customers/clients regularly, managing banking/financials, managing employees, buying, and a plethora of other elements that need our attention may make you irritated. According to the latest study, entrepreneurs spend 45% of their time on non-revenue-generating activities. As a result, we've outlined several strategies for owner-managers to eliminate some of those profit-draining activities.
Be Proactive:
Oftentimes, you may find yourself in a position where you procrastinate excessively. Although it may be difficult to believe, unofficial data shows that the most successful CEOs are early risers who wake at 5 a.m. They adhere to their strategy precisely. Because they had already preplanned their whole day, they were well aware of their next move. The question now is, how do they know? How are they physically and psychologically healthy? The reason for this is because they get business coaching on a regular or weekly basis. Their business coaches relieve them of any strain and assist them in developing their business strategy. These business coaches assist companies in developing an orderly strategy for each issue they face and putting those plans into action. Businesses that use business coaching approach problems from two perspectives: the owner’s perspective and an outside perspective provided by the business coach.
Try to Adhere to a Meeting Schedule:
We are indeed more stiff in the morning and more flexible in the afternoon. Which implies you’re more prepared to deal with challenging tasks. This involves expediting orders, resolving employee/staff problems, and interacting with customers. Later in the day, set aside time for meetings. Any meeting with which you are involved should have specific objectives and outcomes. To enhance the efficiency of your meetings and establish your plan from the start. Besides, through one-on-one coaching, your business coaches will organize your meeting and assist you in achieving your daily goal.
Maintain a systematic approach to email checking.
The truth is that many company owners lack discipline when it comes to email monitoring due to their busy schedules. However, demonstrating honesty and a disciplined approach to email checking is critical. According to researchers and business coaches, half of your job productivity is lost by reading your email five times each day. Therefore, make it three times a day: turn off alerts to avoid being side-tracked by trivial matters, and most importantly, do not involve the whole team when only one person is capable of responding to an email inquiry, and use email filling software. Having one-on-one coaching with business coaches will take care of all of these details.
Thus, it is critical to realize that business coaching is essential to your company’s success. Taking one-on-one sessions with business coaches acts as an accountability partner, reminding you of established objectives and commitments that must be kept.
If you are an owner-manager who is dissatisfied with your profit margins, contact us now! High Performance Training and Coaching assist company owners in achieving their goals and maximizing their potential. Book your free appointment with us ASAP!
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