Is it time that’s the problem, or you?
“I need more time to think about my business,” “My time is at a premium, and I don’t have time to plan properly,” “I’d like to grow my business, but I can’t find the time.” Are these familiar complaints?
How can you overcome the time challenges you currently face to create the business you have always wanted?
Here are some simple strategies you can use to help yourself reach the next stage, despite the demands on your time.
Self Management Challenges and Tips to overcome them:
1. You don’t have enough time, you are spread too thinly and/or you don’t delegate enough
Develop an Apprenticeship Plan to identify the low-value tasks that you don’t like doing anyway; train team members to do them for you so you can focus on the things that make you money.
2. You are too detailed to teach others and no one can do it as well as you
Develop an Operations and Training Manual which describes in great detail everything that a person needs to know about how to do their job effectively, and takes them through a focused training process.
3. You are not doing the things you know you should
Develop a Self Management Plan: a default calendar, where you’ve got the most important things blocked into your calendar as an appointment with yourself that you always keep – and then hold yourself accountable to do it.
4. You want to get out of the business, restructure the business and/or merge or be acquired
Develop a comprehensive Exit Strategy. Identify the current value of the business, quickly enhance the value, develop a marketing plan to identify either internal or external prospective buyers, and get the best price for the business.
Thanks to Jeremy Fairbanks for these challenges and solutions.
Call us on 01865 881056 or email us at info@shineconsulting.co.uk if you’d like to discuss this issue further.
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