Entrepreneurs Business Falters When Time Bosses You
Entrepreneurs Business Falters When Time Bosses You
Time appears to become increasingly the boss of small business owners. After all, many entrepreneurs started their businesses to leave the demands of corporate America and have more time, not less.
So, why do small business owners and entrepreneurs spend so much time working in their business. There are probably many reasons, but from my experience as a small business coach, the three core reasons are what I call the dynamic forces of planning, execution and measurement. These forces are connected by the three processes of people development, goal achievement and quality (continuous improvement)to help close the gaps between the forces.
First, planning is critical to anyone who wants success. Many entrepreneurs create a business plan, but far few craft a strategic plan that identified who does what by when. The strategic plan helps to eliminate having the plan lay in a desk drawer unopened or on a shelf for decorative purposes only. HINT: If you don't invest the time to plan now, it is a guarantee that time will continue to be your boss.
After the plan is carefully crafted, execution is next. Implementation is probably the most common enemy of time for the entrepreneur. A common complaint for time starved entrepreneurs is that employees just can’t seem to take the appropriate actions without constant direction. This is why the process of people development is critical to bridge the gap between planning and execution. Remember, even though today’s world needs knowledge workers who thrive in an environment of freedom, most workers have been conditioned and trained to operate in an environment of control.
With the plan in place and execution ongoing, measurement follows. Results need to be clearly measured. A goal achievement process helps everyone to consistently reach the projected numbers. HINT: For consistent results as inconsistency is another enemy of time, everyone should be using the same goal achievement process.
After the numbers are in, it is time to review the forces of planning and execution. Using a quality or continual improvement process such as Lean, Six Sigma or Baldrige reduces inefficiency which is usually time driven.
By investing time working on your business instead of in your business will provide you, the entrepreneur with even more time and that time will be of high quality.
Entrepreneurs Business Falters When Time Bosses You - To learn more about this author, visit Leanne Hoagland-Smith's Website.
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To grow a business requires leveraging all resources including people, time and money. Yet a recent survey conducted by New York Enterprise Report revealed that 33% of small business owners work more than 50 hours each week and another 25% said that they worked more than 60 hours. These small business owners spend more time working in their business than their employees who average 33.8 hours per week according to the Bureau of Labor Statistics.
Time appears to become increasingly the boss of small business owners. After all, many entrepreneurs started their businesses to leave the demands of corporate America and have more time, not less.
So, why do small business owners and entrepreneurs spend so much time working in their business. There are probably many reasons, but from my experience as a small business coach, the three core reasons are what I call the dynamic forces of planning, execution and measurement. These forces are connected by the three processes of people development, goal achievement and quality (continuous improvement)to help close the gaps between the forces.
First, planning is critical to anyone who wants success. Many entrepreneurs create a business plan, but far few craft a strategic plan that identified who does what by when. The strategic plan helps to eliminate having the plan lay in a desk drawer unopened or on a shelf for decorative purposes only. HINT: If you don't invest the time to plan now, it is a guarantee that time will continue to be your boss.
After the plan is carefully crafted, execution is next. Implementation is probably the most common enemy of time for the entrepreneur. A common complaint for time starved entrepreneurs is that employees just can’t seem to take the appropriate actions without constant direction. This is why the process of people development is critical to bridge the gap between planning and execution. Remember, even though today’s world needs knowledge workers who thrive in an environment of freedom, most workers have been conditioned and trained to operate in an environment of control.
With the plan in place and execution ongoing, measurement follows. Results need to be clearly measured. A goal achievement process helps everyone to consistently reach the projected numbers. HINT: For consistent results as inconsistency is another enemy of time, everyone should be using the same goal achievement process.
After the numbers are in, it is time to review the forces of planning and execution. Using a quality or continual improvement process such as Lean, Six Sigma or Baldrige reduces inefficiency which is usually time driven.
By investing time working on your business instead of in your business will provide you, the entrepreneur with even more time and that time will be of high quality.
Entrepreneurs Business Falters When Time Bosses You - To learn more about this author, visit Leanne Hoagland-Smith's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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