According to the Wells Fargo report issue for May 2005, the most successful CEO's work fewer hours - often less than 30 hours per week and they have more profitable, growing companies as a result.
It is always difficult for a business owner who is very busy to get others to do tasks to help him/her achieve the business goals. I see it all the time and it is often the major cause of business failure. They think they have to do everything.
An important factor in this is organisation. As a business owner you owe it to yourself to determine the best way to perform a process or task and then set the standard for your staff. Continuous improvement is an essential ingredient for success. Look at other businesses - how are they doing it? What is working for them? It doesn't have to be the same business as yours. Find the best way and turn it into a repeatable process as part of your system. Add it to your operations manual.
Unfortunately, most business owners work much longer than a 40 hour week to get everything done. Keep your business working towards the long term vision for your business. Don't get bogged down in repetitive tasks that could easily be done by someone else, once the system is set up.
If you are working long hours in your business or as a manager in a business, then download our Job Activity Analysis Sheet. Write all the tasks you do for your business on the left hand column. Write down the time spent per week or the task. Then ask yourself if someone else could handle it. If they could then identify what training they would need to perform this task and set about training them or getting them the training.
Contact us for help in identifying training needs and delivering training or coaching.
To find out more about Moving Forward Business Coach, visit the website at: www.movingforwardcoaching.com.au
© Robyn Pollard 2005
Analyse your Time - To learn more about this author, visit Robyn Pollard's Website.
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