Archive for category Risk Management

Helping staff to get what they want

Jan 24

Posted by Steve Gray in Leadership, People!, Planning, Risk Management | 1 Comment

When it comes to dealing with staffing issues it seems as though there are always going to be those who want to help themselves and then there’s the rest.

What to do when you are staring down the barrel of staffing challenges and this is just one of your starting points?

In a previous article I looked at What Staff Want. It gives some interesting insights, but how do you figure out how to deliver the things they want or need and get to that point effectively.

Let’s go for the easy option, Brainstorm…

If you already know what they want and or need to do their job effectively, then facilitating a session with them will assist them to at least understand you want to assist them, and give you an idea of if they want to be assisted.

The real aim is to use the “Collective Intelligence” to get information happening and ideas explored.

You could start out with the list of what people want, then jot down some ideas in advance of things you believe might match to the job, tasks, attitudes and beliefs. Then you have a chance of connecting with them when the discussion starts and they are scrambling to find ideas. You would probably use your information to enhance their thinking processes if they get stuck, you might add in a pointer relating to an obvious task to spur them on.

Brainstorming can be easy – Set some guidelines and go from there.

All ideas are good ideas – We can focus on the good ideas later
Feel free to share – Let people freely add in and occasionally encourage the stragglers to also put in. Invite them to help make things better
Our aim – To explore ideas on improving this business unit – “We have challenges what will improve things?”
Work to a time frame so they don’t just lounge about for ages, aim to get ideas on to paper fast.
Pose some questions to be answered – Perhaps this is the initial brainstorming, getting the issues out as THEY see them, then getting them to provide ideas to answer them
Write fast, and prod for more ideas – Actively explore concepts as they arise
Consider a mind map – Do an internet search on the basics of this, it can be a very visual way of getting the thought processes working.
Collate the main ideas and share them once they are typed up – This can then lead to a plan of action or an attitude shift to some degree.

A brainstorming session should be positive and free flowing. The team should not feel like they are working under duress to come up with ideas. Hopefully after doing this session you will be able to find some excellent starting points to work from. Chances are the team had all the ideas and answers and you were able to positively, openly and honestly listen to them work through the challenges.

Tags: business, business mechanics, business success, communication, People!, Planning, Risk Management, steve gray, training

What staff want

Jan 17

Posted by Steve Gray in Human Resource Management, Leadership, People!, Planning, Risk Management | No Comments

As a follow on from the series dealing with staffing issues this article explores what staff want, when you know that and provide it, then you will find it easier to keep them happy. Believe me it’s important.

Keeping people happy is one part of the whole business matrix… customers or staff, the common denominator is that they are all people.

To keep one person happy you might find their definition is built on getting a reasonable amount of work done in a standard working day, churning through mountains of meaningless paperwork. Meanwhile the next person is kept happy by having variety and not just being stuck in an office.

So what are the core things they want and how can you provide these for them?

Here’s my list.

A sense of belonging – Being valued by others, even in minor ways can help to build and maintain their workplace sense of esteem
A sense of achievement – Some will want to work their way up the corporate ladder, set goals and achieve them
Contributing and adding value – Beyond their basic agreement, work targets etc, they feel as though they have contributed to the whole business machine
A sense of purpose – It’s not a meaningless job, it has a role to play and they can clearly sense that
Organisational integrity – It’s about security, if they know the organisation has integrity they then have a foundation they can believe in and stand by. No integrity, the foundation can give way at anytime this leads to insecurity and can be a reason for staff turnover
Control – For some this can mean the security that comes from having some measure of control over their situation, it might be minor. For others they want the chance to take control of a department, or a division depending on their level of drive or motivation
They like be challenged – In ways which suit them, not you. For some it will be big challenges for others it will be meeting a small quota. It comes down to brain stimulus
They have a suitable work environment – Where it can be controlled, think about it you spend 8 or so hours a day in the business, do you want to spend 8 hours in a hovel or 8 hours in paradise… The choice is a no brainer right? So what’s your environment like? Sure paradise is a BIG step but making it better might only take a few tweaks and a small amount of cash. For those out on the road for instance in a company vehicle, is it clean neat and tidy, new, old, in good repair or a rust bucket. Oh and the Lunch room, a place to relax and unwind, or a stinking cesspool of yuck… (broken chairs etc.)
They have the right tools – Newish computer – Quiet keyboard – Suitable work chair – Effective other tools

Are there others? Probably, it’s up to you to find out. But armed with this as your starting point you can soon see the sorts of core things staff want. Go and chat with your staff and find out what their wants are.

Now you know what staff what, here’s an article on how you might explore this further.

Tags: business mechanics, business success, communication, employee recruitment, HR, hr leadership, Leadership, People!, Planning, Risk Management, steve gray

Dealing with challenging staff 1

Jan 16

Posted by Steve Gray in Human Resource Management, Leadership, People!, Risk Management | No Comments

This article is an extension of a previous one on staffing issues.

You started to see the clues that a staff member was not quite in line with your expected range of behaviours – their efforts are slow, below quality, they resist some tasks etc. In general they become a pain to deal with and you really hope they just vanish one day and the problem is over.

However the reality is somewhat different, they hang around and keep on plodding hoping to keep on getting away with doing what they do, It’s almost as if no one notices them doing what they don’t do.

Your task is to now figure out what to do about it and do it fast so they don’t start to infect others with their attitude.

Your first step is probably underway, that is rewarding the behaviours you want “Well done with the x project…” but if things have slipped out of your grasp a little then the following should be of value.

Here’s how things generally go

They get annoyed with something
They develop some form of resistance as a result of their annoyance (ignore commands, put things off etc)
Things escalate because they believe nothing is going to change back to how it was or get better (they were comfortable with how things were) now you have resentment starting to build
Finally things build retaliation stage, the issue that has resulted in things getting to this stage spills over into them taking negative action, in extreme cases this can get VERY nasty (read workplace shooting…) On the lesser scale they will do tasks slowly, to a poor standard or avoid tasks and probably blame others

The first step is to evaluate the situation – What specifically do they do that is causing difficulties? Make a list and make it evidence based but avoid implicating others (it can get VERY messy if you do!)

Secondly – You need to figure out what may be causing this, here are some possibilities, note all of these can lead a person to be annoyed with the job or the company and therefore their attitude and efforts have strayed.

Their job changed at some stage and they did not like the change but may not have said so, or if they did say something their plea fell on deaf ears
They have been told off for not doing a good job, in a way which has annoyed them. The upshot is they have resented it and have now become resistant and are starting to retaliate
They see the system as being so slack they figure they can get away with anything so they push the boundaries
They are being bullied or harassed in some way (I hope it’s not by you…)
They feel they are undervalued
They have some personal issues – physical – emotional – psychological, which is impacting on their work
The work has become too challenging for them
The work is no longer challenging for them
Things change too often for them, the computer system, they type of work, etc
The work may not have altered but now they have to travel further to complete works now they become annoyed
The list can go on.

Time to do something…

Let’s face it something needs to happen to “stop the rot setting in”. If you have built a great relationship with your team, you will be intervening early, perhaps at the annoyance or resistance stage. If not you may have a harder task to handle.

Let’s work on this in my next article on this issue.

Dealing with challenging staff 2

Jan 16

Posted by Steve Gray in Human Resource Management, Leadership, People!, Risk Management | No Comments

Leading on from the other post on this topic. You want to deal with the staff member who is causing some grief (or could be about to) how do you go about intervening to find out what you need to know. The big thing is to get them onside so they will want to chat to you about the issue with ease, the last thing you want is for them to later on suggest they were under some form of duress, caused by you in the questioning phase!

The aim is to have a staff member who is relaxed about you chatting with them, so you can keep them onside and willing to discuss issues rather than some adversarial situation they can get annoyed about.

Here are a few points to consider;

You are aiming to make an assessment not a judgement – There is a difference, assessing the situation means researching and working the facts, judging may well mean you could start off on an accusatory footing. Aim to get solid facts first.
Avoid cornering or accusing them – They may deny anything, then you will be in a harder place trying to get information as they withdraw and may start to lay blame or justify their position – Think about if you would like to be cornered and how you might respond
Keep things open and honest – You want them to feel as though they can readily and easily relate the information you want with no pressure, lies or any form of creative avoidance
Ask “Is it okay if we have a chat about work…” – This way you will have a good chance of getting their permission to chat about the issue/s. Avoid asking “So how’s work going” this can set them up to say “Ok… why” and then be on the defensive
Try the research method – “I’m chatting to a range of staff about things to do with the business, ideas for improvements, how people are going, that sort of thing. Can I do some research with you?” – This can give you permission to ask questions about the business and related info
Spend some time with them – This may not be suitable in every situation, but perhaps you can spend some time with them “on the road”, meet them on site, or perhaps sit with them for a while in their workspace (maybe chatting about a specific task to begin with.)
Make it happen fast – Once you have suggested you want to catch up, make sure you avoid dragging things on, this can cause unnecessary worry all round.
Take good notes – Leaving this part until later can be a trail fraught with danger, collect facts, not hearsay and allegations. Feel free to read back the details and see if they agree with what you jotted down. Consider asking them if they want a copy.

Now that you have set up the chance to have a chat, what will you say? Well it’s going to depend a bit on the angle you take I guess, personally I favour the research method.

Give them the chance to say nothing! – Somewhere in the opening questions if you can throw this in it can be very useful, “Feel free not to say anything if you wish, it’s up to you” this takes the pressure off straight away and allows them the option to avoid things, chances are they will actually switch on internally and answer practically any question you pose to them.
Begin with some easy things – “if they have a new vehicle, “So how’s the new vehicle going, one of the other guys is not sure about his…” or “This last six months has been really busy/quiet how has that been for you?”
Look for lead ins – They answer one question and it leads on to another that fits well to you finding out more, or causing them to open up more.
Stack questions – Putting together a bunch of questions in one hit can cause the person to start talking and not stop for a long while – basically you set their brain firing on a range of questions and they just start to respond. It could start like this…”We have been busy this past month don’t you think, It has been for me, and then the summer kicked in and we had those orders come from the retailers, do you think the upgrade to the computer helped with at or was it just me that thought it struggled, anyway… That’s not what I wanted to ask really… any how, what’s been happening in your area?” – With practice you can stack questions with ease and sit back for a while and get more than just yes’s or no’s to your key question/s
Work from their viewpoint – How do you see things… how do things feel for you… what do you believe is happening… Do things sound ok from your end? This works from an old American Indian saying of “Walk for a while in the other person’s Moccassions” this can then allow you to get their perspective and may lead you into more of the right questions and or give you some empathy for their viewpoint. It may also give you the real reason they are doing what they do, rather than some smoke screen cover up.
Small talk can be useful but… – For some people using small talk to lead in to a conversation is normal, easy and very useful, for others however it can be a slippery slide to disaster, with the other person smelling a rat very fast, putting them on the defensive. Know your people, so you can craft your approach to fit to their needs and situation, use small talk for those that do and avoid it for those that don’t use it.
What’s your biggest challenge and why? – Sit and listen carefully after you ask this one, and ask it only when you are sure you have a measure of trust with them. If they ask for clarification about the question “Personal or professional challenges?” then you are getting closer to the real question, it can get more specific after that as well and perhaps you can use that to your advantage to clarify more questions with details.
Feed it back to them – Sometimes you can read info back to people to clarify what was said, any points they disagree with you can modify to suit. This is the best time to clarify things while things are still fresh in both parties heads.
Ask them for answers – “Our chat has identified a bunch of things, if you could solve these challenges, what would you do?” Then sit and listen carefully, you may get some great answers to some big issues, but let them have the chance to respond. Often people will start out by saying “I don’t know…” Then launch into “Well what I would do is…” then take great notes as they unload.

Now you have some solid starting points for your intervention, hopefully you will get some great information to work with, their views, their reasons why or why not and the chance to provide some answers, hopefully all of which was done with minimal hassle and discomfort. Your next step will probably be to act on your findings, that could raise a whole bunch of other issues for us to explore another time.

Has all of this caught your interest? Well it should and to really get a handle on things consider this, what do your staff really want? find out in the next article, what staff want.

Tags: business, business mechanics, business success, communication, HR, hr leadership, Leadership, People!, Risk Management, steve gray

2012 Business, thriven or failing

Jan 13

Posted by Steve Gray in Innovation and Creativity, Leadership, Planning, Risk Management | 1 Comment

There’s plenty of talk out on the street that people are saving and not buying, therefore business may well take a battering.

There’s lots of other talk too, less Entrepreneurs entering the market place with big ideas. Then there’s people losing jobs left right and centre as businesses close up and walk away, or go offshore to chase cheaper ways to manufacture.

With all this I can sense bitterness in the air, people in business cursing those that don’t buy, (or by online…) cursing the idea of having to set up a business in a down economy, cursing the thought of having to think creatively to overcome challenges and create anew. The list goes on.

Things change, get used to that.

It’s up to you what you end up doing about it, in business there are options, generally the more cash you have the more options you have.

But wait the “bootstrap-ocracy” will tell us you don’t need money, you need ideas, followed by a great pitch to the right people and before you know it a business has emerged from nothing.

I heard a conversation the other day that suggested all business ideas are bootstrapped, even if you put a few Million into the start up phase you then have to pay that back at some stage so you are possibly worse off than if you started with zero $$ it just seems easier.

What will make a business thrive through 2012 and on into the future. Lots of things, the ability to handle change, be creative with their ideas and explore ways to make those ideas become reality so the zero start up can become a heroic organism which can stride forward with confidence. In a word nimble.

Go on get nimble, get creative and make hay before the weather changes and the hay goes sour. The wider community is waiting for the right people to do the right things and keep things moving. “Tag… you’re it!”

Smart Phone web stuff

Dec 9

Posted by Steve Gray in IT Dept, Planning, Risk Management, The Marketing Dept | 3 Comments

You have a web site for your business, and now people have heaps of smartphones and while they are out and about they are checking out your site from their phone.

Therefore make your site work on a mobile, as MILLIONS are now using their phones to browse, and the figure is building daily.

What you need is a way to test your site, the good people over at Google have come up with a fairly elegant solution… http://www.howtogomo.com/

A simple yet highly effective way to test your webpage/s to see if you can cut through when you need to! Now call your web people and make changes.

How to improve your credit score (infograph)

Nov 22

Posted by Bren Ryan in Finance, Risk Management | No Comments

According to today’s visual infograph, the majority of American citizens have their personal credit under control (but perhaps only just). I imagine that the rest of the world are in a similar boat.

Relevant to all of us though, there are some tips to help you tame the credit beast, and get your credit back on track and working for you, instead of the other way around.

Via: Credit Card Education

Beyond the value of values

Nov 19

Posted by Steve Gray in Excellence!, People!, Risk Management, The Board Room | 2 Comments

I love values, we all have them, for most bigger organisations they write them up and muddle on from there. I seriously wonder sometimes if they know much about them.

For smaller organisations there is often a reluctance to write them out, fiddle with them etc, as they see it as an unnecessary thing to do. (basically a waste of time) until something happens and then they wish they had a list of them to fall back on as a support, to provide guidance.

Here is a bunch of values an organisation chasing the aims and ideals of excellence might list and utilise. I will expand on these and offer a few examples to give some ideas and options for their use.

Leadership: The courage to shape a better future by positive actions – The ability to motivate people to explore excellence – Lead by example “see something, do something”
Respect: For each other, the people we serve and the environment – From the way we communicate to the way we act on all levels
Tolerance: Of others, their views, beliefs and values
Collaboration: Leverage collective genius – work cooperatively with others – Comply with all legal and statutory authorities – Explore ways to develop profitable business relationships
Integrity: Consistency of honest working principles and beliefs – Build trust through our positive actions – Build our structural integrity to ensure sustained growth through a solid foundation – We build with a culture of mutual respect for all – Aim to be ecologically sustainable
Accountability: If it is to be, it’s up to me – See something, Do something, take action to make things right – Think globally, act locally – Hold true to a high level duty of care
Passion: Committed in heart and mind to get great results we can all be proud of
Quality: What we do, we do well – We openly explore ways to improve at all levels – A commitment to personal and professional excellence – A commitment to great service at all levels – Aiming to be a highly professional team
Adaptable: We are able to take initiative and embrace projects and challenges with the guideline of “Improvise – Adapt – Overcome”

These cover most areas of human interaction, and at any time an issue arises they can be called upon to offer guidance as to which direction things might go.

I figure these are vital to a contemporary organisation and offer a wide range of options for future development. Want to move forward, check there is a value or two you might want to follow and use it to your advantage. A wise guiding hand in times of need is one which offers flexibility and direction, Look no further folks, here is the start to being guided by wisdom.

Make it Work

Nov 1

Posted by Steve Gray in Growth, Planning, Risk Management, The Board Room | 3 Comments

How do you go about making a succession plan, and setting things up so you and your business can have a rosy future? Let’s try a few things and see what we can come up with.

Firstly a business that works.

Great products
Great service
Good profit margins
Great systems – policies – procedures – plans – vision
Great team
An entrepreneurial spirit – some risks – great rewards

Now say to yourself, “What do I want at the end of it all?”

A retirement income

An enjoyable, sustainable and profitable company to work in forever (some people don’t want to retire)

So how much is the retirement income going to be and when?

Will it maintain your current lifestyle needs?
Will it offer you the chance to live a greater lifestyle than you currently do?
Will it provide you with the chance to do more things in the wider community
Will I semi retire early…

All great questions but now what.

Think about your income levels, where they have been and where they are headed, when you reach a std retirement age of 65, what will the income be?
Then think about it being able to build further as time goes on, if you are retired for 30 years what would your final ‘wage’ be.

So how will you do it?

By now you may have realised the level of income you want, and now you have to ensure your business can create the level of turnover to pay for your ‘vision of the future’.

I think it’s time to get cracking on making your business more profitable and seeing how it will run without you, because some day in the future your asset will either fade or thrive. Take action now!

Tags: business, business mechanics, business success, People!, Planning, Risk Management, succession plan

You want what by when…

Nov 1

Posted by Steve Gray in People!, Planning, Risk Management, The Board Room | No Comments

This is not a chat about time management… not this time, more a chat about what do you want your future to be

You’re in business, not just a job but business. That means you work, take risks, plan, implement and reap rewards (yes rewards) if you get things right.

I have heard many people say many different things about what they want from business.

I’m the boss.
I call the shots
I can’t be sacked
I get paid more than the other guys

Follow that with…

I am creating an asset I can sell and retire on the proceeds
I have an asset my kids can take over
I have an asset where I will install a manager to do all the things I currently do and I will live off a % of the profits and occasionally consult back to the business when I want to.
I have multiple assets run by others and I get a part of the income from each and I seek out more ways to make $$ from each

The last one is the one I like the most, it’s the one that makes the most sense to me, it’s a risk to reward ratio. I get rewarded for the risks I take and can create more businesses so that if one is not doing well, another one is. (Good diversification can do that.)

Here’s the challenge however, most people don’t seem to think like that in fact they often only think in the terms of the first set of points. What that amounts to is Just Over Broke. Rarely getting ahead and when they do it seems to disappear FAST.

Sure there is the argument of live now, because you don’t know how long you will live. But being that it’s an unmeasurable ‘thing’ I would prefer see a longer term plan (or vision) than some short sighted live now and “oh no we’re broke honey, but we had a great time…”

All this is loosely called succession planning and making sure you set up your business to be all it can be so you can reap positive rewards now and in the future is vital.

Tags: business, business success, Planning, Risk Management, succession planning

Staff… When do you know?

Oct 18

Posted by Steve Gray in Human Resource Management, People!, Risk Management | No Comments

You have a fine team of people working for you with you. You know each other fairly well, they do the right thing by the organisation, and you hope the organisation does good things by them too. Then one day things aren’t what you think they are, but it took you a while to notice. Perhaps it’s all of a sudden, perhaps it has taken a while to creep in, but you now have a challenge to face.

Perhaps there were some clues, lets run through a possible range.

They start taking more days off, they pull the usual excuses
They communicate less
They might seem grumpy
Their work is shoddy but has gone under the radar
Perhaps they are a bit short tempered these days…
Others start telling you about these things but you have been a bit busy to notice
They don’t take on new tasks like they used to
They find creative ways to avoid doing tasks, or they just avoid some tasks.
Younger staff are able to show them up, with ease

Over a bit more time something happens, something you maybe didn’t see coming, maybe something tragic.

Perhaps they just say they have had enough and move on, perhaps they just decide to go part time and start to fade off the radar.

But what’s really happening? It could be lots of things…

They have grown to hate the job
The job has changed – Technology – People – Systems
Taking on more than they used to be able to cope with in the job and it leads to mistakes
They have a death in the family and it hits them hard but they don’t let on
They are challenged by new things but this pushes them over the threshold just that bit too much
They have personal challenges
Mental health issues (minor – major)
Becoming overwhelmed by too many things which build up and take their toll. (Personal and professional).

It could be a range of other things too, I’m sure you will soon think of your own list.

The outcomes can be very serious, and often people will say “We didn’t see that coming” Hopefully however it’s not serious and they just need a break. Long service leave is one of those things which I believe is there for a very good reason and people need more than their annual holidays and the ‘personal health day off’

The challenge however is figuring out what to do for people in these situations and although it would be great to be able to prevent the situation happening in the first place, it’s not always that easy.

I’m sure many in smaller businesses will say “I hope it doesn’t happen in my business, I wouldn’t know how to deal with any of that.”

Dealing with it if it comes as a shock is tricky, but if it comes up as a regular ‘minor’ thing you might become a bit ‘ho hum, here we go again’. Lets hope you get to see it coming and sit down and have the time to think things over to see how you might assist your work colleague to make it through a challenging time.

Focus on the positive – They might just see the negative (maybe you too), but perhaps they are missing the good things about the job, their skills and abilities perhaps explore these along the way
You work with them to make a list of the things which bother them in the workplace then develop a plan of action to assist them to overcome the challenges, one by one
You chat a bit more in depth with them about personal issues and discuss what they might see as possible solutions (start out by asking if they want a solution…. you could be surprised!)
Brainstorm with them or their team to come up with ideas
Cut them some slack – But ask RU okay? At some stage to monitor the situation
Give them a fresh challenge which has some fun in it, or you know they really enjoy that type of challenge
Refer them to someone professional who will willingly chat to them in a way they feel comfortable
Give them a ‘work break’ perhaps it’s a time off work at work, where they get pampered during work time at work’s expense, just because you can… It may be you send them to play golf that day. Pick something you know they love to do and let them do it (not as a reward, but as a break from usual duties, a chance to cool off perhaps).
Tell them to take their long service leave - They may well need it if they have been just working for work sake.
Do a training audit and send them to be better trained in an area they need help with

There’s a whole lot more I am sure you can add. One things for sure though, make sure you can identify when it’s going to happen, preferably before it happens so you can plan to deal with it in a way which keeps everyone happy. Here’s a lead on article to help you go the next step.

Tags: long service leave, mental health, steve gray, your staff and you

Rushing headlong to “who knows where”.

Oct 3

Posted by Steve Gray in Finance, Growth, People!, Planning, Risk Management, The Board Room | 2 Comments

Lately I have had a few reminders of what I am about to chat about. It’s a bit unnerving when people ask “When are you planning to retire?” and I answer with “I’ll never retire, I like work too much!” that covers the fact I probably won’t be able to retire financially. But I guess it makes light of a serious subject and one I have to try hard not to think about too much.

Like a lot of people I didn’t worry much about retirement, putting cash away and anyway I keep hearing stories of people losing money overnight on the stock market and their portfolio value plummets again…

The reminder for this post, listening to people in business chatter away about how things have gone, what they will do when the time comes to retire, how they might sell their asset and in one case a lady who had sold her business, watched it fade fast into obscurity so she bought it back and is building it up again.

So what will you do, sell the business, put a Manager in to run it, expand it, resize it etc? All with the aim of having a nest egg to retire on.

If you do sell, will what you have the cash ‘invested’ in provide for your needs in retirement? How much will you need?

If you build up the business and put in a Manager how will that work out? Will the amount you need to take out hurt the business? Will it be run as you set it up or better? Will things fall in a heap and you need to rescue it… will you want to rescue it!

Lots of great questions in need of great answers. Hopefully your Accountant can set you straight, or at worst your own figures will project a rosy future for you. Lets face it, in the current economic situation there is little to smile about when the notion of retirement looms large in our thoughts. Unless of course you have an asset which keeps on giving.

Tags: business mechanics, business success, creativity, Planning, retire, retirement, Risk Management, women in business, you money

Step in early or wait for the problem to arise.

Sep 14

Posted by Steve Gray in Leadership, People!, Risk Management | 1 Comment

It’s a dilemma many Supervisors, Managers and Leaders face. You have a team who waiver from the path occasionally, do you let it go until it becomes a problem, or do you step in early and keep things on track.

I figure if you take a Leaders view you provide the guidelines so the team can follow the lead, therefore you don’t wait for a challenge to arise, you provide a great set of guidelines to ensure things stay on track. If things stray from the path, you then get to put on your ‘coaching hat’ and provide support to ensure the team are aware of the guidelines and assist them to explore how they might have ‘strayed from the path’.

This is one of the reasons I often suggest a great set of Values – Mission and Vision be in place as a foundation to always work from. It allows the Leader to have back up, to allow the team to explore if they are holding true to the values of the organisation.

I guess it becomes a case of ‘see something, do something’ before things become an issue. In a decent situation it can be more of a chat which takes place asking questions about how things are going, and what sorts of examples the team may have about how things are going and if they match to the values etc.

This can be a more powerful position to work from as it works more on the teams internal motivation and thought processes rather than having things imposed or pushed on them when challenges arise. It’s as if they have come up with the solution or drive to solve the challenge, rather than being told the answer.

The real trick to all of this is getting things to fit to the way people communicate – If people are not used to being asked questions relating to ‘values and beliefs’ then they might find it hard to respond, let alone act on the information. However the Leader who is a more flexible communicator will find ways to weave these into normal conversation and start the ball rolling, perhaps using examples of how things might fit in certain situations.

Be flexible in your approach, get in early and lead the team then tweak the details to suit, I’m sure you will find leadership can become a whole lot easier if you try this out.

Tags: communication, Leadership, training

Guaranteed! But at what cost…

Sep 6

Posted by Steve Gray in Planning, Risk Management, The Customer Service Dept | No Comments

It’s standard practice to have a guarantee for many products and services. For some in business it’s the thing which sets them apart from their competition, for others it’s a legal compliance issue which they prefer wasn’t there.

What does it cost your business and how should you handle it?

Being a service nut I like the way it can make your business stand out from the crowd, compliance or not… so handling guarantees becomes a major issue you solidly stand behind, giving every customer ‘peace of mind’ in knowing you will be there with them if ANY issue arises.

Over the period of a year or three it can be easy to look at the cost of supplying services to fulfill your guarantee obligations to keep your ‘customers happy and fulfill your legal obligations. In the intervening ‘learning phase’ it may be a case of guessing how much guarantees might cost. Here are a few points you might consider in the process.

Is there a consistent percentage of sales which you can attribute to guarantees?
What is the time taken by staff in providing guarantees?
What is the cost of providing the staff to do these tasks?
Is this time significant enough to impact on other aspects of your business… e.g. making profits from std sales.
How much will the cost eat into your profit margin?
What will you need to add to your operating costs to take into account this ‘cost of doing business’?
How will the cost variation affect your average dollar sale and will that still make your business competitive?

I’m sure there will be other questions to ask in the process as you explore guarantees and their impacts further. The main thing is to be very mindful that guarantees have a cost, learn to live with that and allow for it in your forward planning.

Your culture is showing… so who looks after it?

Jul 15

Posted by Steve Gray in Excellence!, Human Resource Management, People!, Planning, Risk Management | 4 Comments

In your business, the culture is determined by a number of things, but getting it to develop and not go sour is vital… So who looks after it?

If you are a small business then you’re the person handing it (along with everything else) but if you have a HR person then they should be poised to provide services in this area.

Often people see the HR function as, recruit – select – payroll – rostering – ohs – industrial relations. Clearly however there is more and loosely put it’s about staff well being – Training and development, induction programs, skills updates, policies and procedures, performance management and lastly our topic, working the culture – In short the internal relationships and the things that make them go well.

So the HR team looks after the culture… (ask about that next time you interview a person for a role in HR and see their response…) But what is ‘it’ that they have to tweak to make it work?

Basically it’s about behaviour adjustment, (to match to the organisations culture) but before that happens the HR team need to figure out if anything needs to be adjusted (an ecology check), assessing the current situation and looking for ‘gaps’ or areas of ‘risk’ which are or could become an issue, they need to understand and figure out ways to develop internal relationships so they can know the who, how, why, what and where of what needs adjusting.

Then they need to plan ways to tweak the culture so it’s healthier and can stay that way. If you look at organizational culture in this way, your team should be able to develop a sure fire development plan which is based not just on developing role based skills and abilities but enhancing the philosophical, intellectual and emotional intelligence of the team too. E.g. a leader may need to have more ‘people’ skills to be more effective in their role, so a program which allows better ‘reading’ of people and explore what makes them tick, might be useful, yet not something which may be directly business related when you look for courses or workshops to develop these skills.

If the first step is an assessment of the team culture, the second step is developing a program which explores and develops all relevant aspects of the analysis.

Perhaps the program is a series of information sheets – a revamp of the organization’s value statement – a new section in the induction program – and or new Key Performance Indicators – or a more personal development based approach to training and development. Let’s not forget it may also be an adjustment to the physical aspects of the business, colours, furnishings and the like can have a huge bearing on how staff perceive a business and therefore relate and respond to the environment.

Whatever approach you take to the notion of developing your business culture, you should give it due concern, the positive flow on effects can make a big difference to the way things happen in your business.

Remember this little statement… (thanks Tom P)

Excellence, always! If not Excellence, what? If not Excellence now, when?

Your business culture needs work

Jun 5

Posted by Steve Gray in Growth, Human Resource Management, Innovation and Creativity, Leadership, People!, Planning, Risk Management | 3 Comments

When you want a new staff member to ‘fit in’ you generally go for a good culture fit when you interview them. Usually this means the recruits actions and thoughts fit well with the rest of the team and the way they do things, their patterns of behaviour. It makes sense to do that, however what if you want things to change in your organisation… perhaps more growth, explore new markets, push some boundaries. Then things might be different.

Consider the role of a senior member of staff, perhaps a person in a strategic planning or Human Resource Development role. Your aim may well be to push some boundaries and open the playing field up to new ideas and options. In that case you may want a person with a different approach or cultural fit to the rest. This then raises questions about the type of cultural differences and skill sets you might want to have with this type of recruit.

How will you decide what culture and skill sets you require? That depends on the role and how much of a ‘shift’ you want to create in the system. Clearly if you go for a person who is totally different in their interests, values and beliefs to the rest of the team, you may end up with a situation where the gap between your current culture and your ‘imposed’ one is too great to sustain for any length of time. I liken it to a bridge trying to span a distance which is too great for the structure to hold for long, eventually it fails.

Your new cultural direction should consider the following points.

The change should be different enough from the existing situation but still maintain structural integrity.
Creative approaches or not? – if the existing culture requires stimulus to get it moving then a more creative skill set can do just that.
If the growth pattern of the enterprise is stagnant then a more profit driven or sales oriented person can add value.
Managing the change might need extra effort on the part of the HR dept, supervisors and team leaders to oversee the new direction.
Is this culture re-shuffle a part of an ongoing strategic plan? – If so it will probably fit with a core value of innovation. With that underpinning the new approach, the team should see the benefits this will bring for the longer term.
Although a different cultural fit might be the main aim it doesn’t mean the core organisational values need to be ignored, in fact they are probably going to be strengthened by this new approach as terms such as respect – innovation and service get a bigger airing and may be explored at a deeper level.

Like anything changes to a business need to take into consideration various factors before being implemented but the above cultural development points might be a good starting point to consider.

Are details killing your business?

Jun 3

Posted by Steve Gray in Planning, Risk Management | No Comments

The devils in the details as they say; all it takes is one detail messed up and things can go astray.

On too many occasions I have seen things get badly messed up and staff in an organisation go into a flat spin trying to overcome a difficulty because a detail or two was missed.

Here are some quick examples.

Someone goes on long service leave and the flow through of paperwork stopped, this meant a build up of invoices not sent out, so a whole quarter of income was delayed.
Or how about a person who has a few days off due to illness and no one was able to take over that person’s role without some serious investigation of their scant notes.
A ‘proof sheet’ at a printer’s was not signed off by the client and their $20, 000 print project had a serious error, the client blamed the printer and the proof sheet oversight cost them dearly.

It comes down to how people set up and run their systems to ensure things can carry on despite breaks in the usual routine, or a back up failsafe device (like a person to double check an important document).

Are there holes in your system and what’s keeping it propped up? Perhaps it’s time to review and tweak the systems you have in place to ensure things can flow more effectively.

Tags: business details

Snowed under…

May 16

Posted by Steve Gray in Human Resource Management, Planning, Risk Management | 1 Comment

In business, when you get snowed under, that’s when the cracks start to show in your systems. It can be easy to remember a few dates, times and the details of what needs to be done, then when one too many things get stacked on top, the details fade, followed by any loyalty you may have earned with customers. This is one of the many reasons businesses go through up and down cylces of ‘boom and bust’.

So how do you create a system which is bullet proof and others can follow it if you are not able to carry on with the task. A system which helps you keep your sanity and your customers loyalty as well. Try these.

Regularly test the system with your customers – if the cracks are going to appear they will probably show up when you least expect it when the customers want you the most.
Keep others in the loop when you update to the system – It’s great to have a good system but if others on your team don’t know about the changes, how can they use it to their advantage? And did you work with them to tweak it?
Think about what cracks first – Is it you who does not handle the pressure, or others? Is it the system? (old technology may not handle what you want it to). Is it the way you record information to keep the system up to date? (Paper based first – computer updates later – or directly into the system? Either way you need to be able to identify what the challenge is and then explore ways to adjust it to suit.
Are things in a logical sequence or all over the place? – following steps is just that a logical one after the other process, sure there may be a side track here and there, but in the main it’s only a short side step. Put things in order to keep the process flowing as best you can.
Take action – all of the above are action steps but when will you do them, can they be implemented slowly or do they all need to be done at the same time? Make sure you set time to make the system work more effectively for you it may require some time sacrifice up front but the saving further on will be well worth it.
Fire, aim, ready! – Yes it’s out of order, but often business is like that, we have to react to things which are thrown at us at a moments notice so we may not have the ability to get ready, then aim… Sometimes the process can work out well with this approach as you can set a process in action, and tweak things to get the aim right as they progress.

Go on, try these out and see what happens. You might just keep your sanity in place a bit longer and build that all important customer loyalty while you are at it. Oh and don’t forget the sense of accomplishment you will feel when you have knocked things into place and you can see the light at the end of the tunnel!

Here’s to employee success…

May 15

Posted by Steve Gray in Human Resource Management, People!, Risk Management | No Comments

You hire people to be part of your team, what do you expect from them, how will they ‘put in’ and why will they excel? Three great questions to explore.

Firstly you select a new staff member, all the basic boxes are ticked for skills and ability, and hopefully you have interviewed enough and asked enough questions to figure out if there is a ‘cultural fit’ to your team.

On starting out the new recruit will have some basic needs, and you will have the intrepid task of setting some guidelines and expectations. Somewhere in here is a happy medium perhaps where both feel comfortable.

If things work out and they are happy, you should also be happy with their performance and expectations should rise along with productivity over time.

It’s tough all round when a new person starts with an organisation, so much to learn, names and things to remember new tasks to learn. In all it’s a bit daunting for both young and old alike.

But how about excelling? What will cause them to take off in the role and give their all to put in a top effort for the organisation, to earn trust and develop a solid niche as a valued team member?

Simply put, it’s lots of things and here are just a few.

When they feel at ease – About the job, the organisation, the tasks they have to do regularly and the support they have in the team. If any of these are lacking the ill at ease feeling can translate to mistakes, undue stress and annoyance. all of these can lead to a poor output. It can also come down to bad or ineffective training.
When the systems are good – If they feel the system is difficult or is in a mess then they can feel like they can follow a routine. This is important in the starting phase of any job, an example would be if the team has a range of different ways of doing things, it can get confusing and daunting to remember which one to use.
When the culture is suitable – Like it or not your organisation will have a culture of its own. A culture is simply a pattern of behaviours generally applied to the interaction and communication between the staff, and staff to customers. Often it’s about subtleties and many minor things which can make your team different to others in a similar organisation.
When they get the tools needed to do the job well – Wrong tools, slow tools, bad tools all round! From an outdated computer to a badly presented company vehicle, or an office environment which is poorly fitted out and seems cheap. all of these and more can add up and the new recruit might not want to blame their tools but have little choice at times.

All of these (and more) are factors which can prevent or slow the new recruit down in being able to excel in their role. So how to fix these and get off to a great stunning start?

Get set up for the new recruit early – Have a chat with your team about the environment they will work in, is it good, great, exceptional, if not why not and what can be done to make it right? What about the ‘tools’ they will use, are they in great condition and up to the task.
Get the training right – People learn in different ways at differing speeds so be flexible in your approach to the new recruit and give them the best start you can. Make sure you have back up information after the training they can refer to and not just a buddy (it may take them a while to connect with the buddy). Does the training cover the key performance points the recruit will have to meet at the end of the probation period (better to not have BAD surprises at the end of the period!)
Start them off easily – Ease them into a role, perhaps they start late in the first week, or come in late for the first few days and leave early create a low stress environment. Or perhaps have them work with a buddy to watch how they do things a few times during the first week or two to pick up on key points and details.
Be open to mistakes and learning opportunities – This goes with the training aspect but can happen in other areas too. Let them know you really mean it’s OK to make mistakes, cover ups and longer term challenges can show up if they hide mistakes and don’t learn.
Review how things are going – Have a list of things you can chat to them about and tick them off as you go. Make sure they really do get the OHS side of things and that they are settling in to who’s who in the zoo! Remember you thought they might be a good cultural fit, but are they really?
ASK! – What can you do to make their working time and environment better, and listen carefully. You might not be able to supply some of the things straight away but over time they might be doable. And ask about any other things which could be a negative impact on them, other people’s habits, attitudes and methods. Then while you are at it, ask “How’s my leadership style? to hard, too soft…” but avoid pushing it like you are fishing for compliments!
Provide opportunities – flexible time arrangements, a few hours worked extra here can translate to a few hours off somewhere else (Not always possible but it can be a great thing if it’s not abused.) Be on the lookout for things which could be a great opportunity for the employee, more training, articles from journals and magazines which are useful to them. There are many more options, but these are just a few starters.

If your organisation really values it’s number one assets (people) you will ensure that from day one these points are in place to give your team the edge. If they feel valued then your organisation will reap the reward of increased morale and a improved profitability over time.

What do You Need to be Doing in your Business?

Jan 28

Posted by Steve Gray in Excellence!, Growth, People!, Planning, Risk Management | No Comments

What do you need to be doing in your business? It’s still early enough in the year to be thinking about planning and implementing.

I often think about what I would WANT to be doing in my business, yet the need to’s cut through the wants and nag me to pieces… Often it’s the wants which cause us to go off on inappropriate tangents.

Should you be…

Getting more new prospects.
Streamlining systems.
Finding ways to make things more profitable.
Developing cash-flow projections.
Looking after existing customers better.
Checking OHS issues and risks factors.
Implementing a staff happiness program.
Developing a marketing plan.
Implementing the marketing plan with your friendly branding expert.
Tweaking your business plan.
Developing your customer service strategies.

You know there are a whole lot more options you need to be doing, so what stops you?

Hate to do things which are forced on you?
Figure it will go away somehow?
You want to hire some one someday who can look after these things for you.
Don’t know where to start because the list becomes overwhelming?
You refuse to delegate?
You like to chat to suppliers rather than face the reality your business might slowly be going down the “gurgler”?

Looking for excuses will not help, you should take control and get the team together and make a list of what needs to be done and hand over as much of it as possible, then get on with doing your part of it.

In the end your business is just that your business, so it requires you to take on the responsibility which comes with the territory.

Tags: business, business mechanics, business success, communication, have fun in business, hr leadership, improve customer service, Planning, starting your marketing campaign, workplace safety

5 Reasons to purchase a comprehensive car insurance policy

Jan 7

Posted by Guest Poster in Planning, Risk Management, Starting out in business, The Board Room, The Operations Dept | 3 Comments

It can be a confusing and daunting task to select the right car insurance policy for your personal or business vehicle, however this article will outline the top 5 reasons why you should invest in a comprehensive car insurance policy.

Reason #1: Insurance providers who offer comprehensive car insurance policies often include Roadside Assist as part of the insurance policy. Roadside assistance is an often overlooked feature of insurance policies as many customers do not see the value of this benefit as they have not previously had the misfortune of finding themselves stranded after their vehicle has stopped running. The quality and coverage area of the roadside assistance included in the insurance policy will vary from provider to provider, so it is vital to check that you are covered in areas which you frequently travel, and if there are any additional costs incurred under certain circumstances – such as if a tow or on-site repairs are required.

Reason #2: Another unique feature of comprehensive car insurance policies are the inclusion of a loan car for when your car has been stolen or taken in for repairs. Having access to a loan car from your insurance provider is a valuable addition to your policy as it minimises the impact of car trouble to your lifestyle and work commitments, allowing you to continue on with your planned activities without disruption or the inconvenience of arranging alternative transport.

Reason #3: Car contents cover is a new benefit included in more modern comprehensive car insurance policies. This benefit allows you to claim for personal belongings lost when you car has been stolen, or damaged in a car accident. No longer will you also need to replace your iPod and other valuables that were inside your car when it was stolen.

Reason #4: Caravans and Trailers are additionally covered under many comprehensive car insurance policies. These are especially valuable when undertaking long family vacations or business trips where you are also taking along your caravan or trailer filled with your valuable possessions.

Reason #5: A hidden and expensive extra cost of budget insurance policies is the lack of cover for lost or stolen car keys. A re-keying or re-coding of your car keys can cost as much as $250 as keys often have electronic signatures which need to be replicated by an authorised dealer. Comprehensive car insurance policies will often allow you to include key replacements in your monthly policy, therefore in the event of lost keys you won’t be required to pay an excess fee.

When considering the added value that comprehensive car insurance includes, depending on how you use your personal or business vehicle, it may be the smart and economic decision to invest in comprehensive cover. Always be sure to thoroughly read the product disclosure statement (PDS) provides by your provider, and ask your insurance agency to clarify any points that you are unsure about.

Allianz operates throughout Australia and New Zealand and through its subsidiaries offers a range of insurance and risk management products and services. The company provides some form of insurance cover for more than half of Australia’s top 50 BRW-listing companies, and employs approximately 3,300 staff. An avid supporter of environmental friendly initiatives, Allianz has a target to reduce emissions by 20% by 2012 and Is a member of the Australian Government’s Greenhouse Challenge Plus program.

Tags: business, business success, Planning, Risk Management

Choosing the right franchise for you

Jan 7

Posted by Guest Poster in Finance, Franchisees, Franchising, Growth, Planning, Risk Management, Starting out in business, The Board Room, The Operations Dept | No Comments

Franchise opportunities abound, but choosing the right franchise requires careful thought and considered research.

Combing through franchise businesses for sale notices should be less daunting if you implement a well thought-out research strategy. Using online research, industry publications, news clippings and other methods is a great starting point.

When identifying franchise opportunities, consider what will complement your lifestyle, business goals and your skill set. Some aspects to consider are outlined below.

Brand strength? Behind every successful business is a strong brand, bolstered by an enviable reputation. Read widely about how the franchise brand is perceived by the industry, customers and business partners. Part of what you’re buying is the company’s brand equity. What do you estimate the brand’s equity to be?

Finding out about financial health How open and transparent is the organisation about its financial health? A company’s balance sheet can provide valuable insights about how well placed the franchise business is to harness future growth.

Expenses today and in the future Before you buy a franchise, you’ll need to know what set-up costs are involved. There could also be ongoing costs, such as marketing or advertising levies.

Strategic marketing, PR and advertising expertise? Dig deeper into the company’s marketing strategy. What level of investment and support is offered nationally and locally? What marketing and branding expertise does the company offer? How well resourced is the organisation to fund public relations programs?

Systems for success? Systems are essential ingredients in any successful franchise network. How efficient are the franchise’s systems and processes – do they help or hinder your ability to operate the business?

Investigate the level of support on the ground Do they have a dedicated operational and field support team to assist you? Investigate the ratio of franchisees to field support infrastructure.

Consider the commercial environment Determine the competitive dynamics that are likely to impact the brand. Do they have a well-defined understanding of their competitors, future opportunities, trends and issues?

Create a shortlist of franchise business opportunities? Once you’ve created your wish list, shortlist your most suitable franchise opportunities. Map out what works for you and what doesn’t, including the business must-haves e.g. IT and marketing support, costs (one-off and ongoing) and other forms of critical infrastructure.

Talk to franchise owners at the coalface Franchise owners are valuable resources. They can often provide you with the ‘inside story’ about a potential franchise business opportunity.

Lesley D’Arcy – As a franchise recruitment manager at Mortgage Choice, Lesley D’Arcy is responsible for recruiting franchisees to greenfield (new) opportunities as well as selling established franchise businesses. Her career in franchise recruitment spans over 15 years where she has worked with many major franchise brands. Lesley has a wealth of experience in recruitment of franchisees and builds on this experience by unearthing and developing the latest and most innovative ways to help franchisors build their networks. This experience has given her the skills to become an expert in the field of franchise recruitment, excelling in lead generation, screening, qualifying and selling to prospective franchisees.

Tags: business, business success, business women, Planning, Risk Management, small business marketing

Trade leaks, the last place to end up?

Dec 17

Posted by Steve Gray in People!, Risk Management | 2 Comments

This site is proving popular in the media at the moment and probably the last place to end up, however if what I am hearing is correct the site is not moderated, nor are the claims verified at this point, so if your business has upset someone, then watch out!

If it is so easy to post to the site, then a savvy marketer could use it to advantage, especially if the media are causing people to check it out. (As seen on Sunrise Ch 7 Australia).

It works on a similar premise to wikileaks, with some insider information being leaked so we can have an inside out view of the world of business… worth a look, especially if your business is dodgy and is likely to have “secrets” revealed which you don’t want shared to the wider public.

A look at some of the comments to the posts as of today and you will clearly see the moderation is non existent…

Nice try guys, it seems it needs some work, but if they did this as a marketing ploy to get things rollilng, well they certainly got attention!

Congratulations on the job, what next…

Dec 2

Posted by Steve Gray in Human Resource Management, People!, Planning, Risk Management | 4 Comments

You have selected an employee for a new position in your organisation. Congratulations! All good yeah.. now sit back and watch as it all turns to mud…

Sorry I think in that last line I was being a little bit cynical… Clearly things won’t turn to mud in all organisations, but in quite a few I think it will and here’s why.

- Poor induction program.

- Lousy training.

- High expectations.

- Tricky probation period guidelines.

Yet these things can clearly be overcome. Firstly however you have to objectively measure the four things which could fail.

Induction program – How do people learn about the nitty gritty’s in your organisation, the policies, procedures, OHS, who’s who and what about the culture of the organisation? Has anyone looked at the existing “program.” for a while? Is it relevant, suitable, useful…
Lousy training – Tough, though I know your training people are possibly doing what they can, given tough challenges or are just not that suited to training new employees, they might have a stronger focus on I.T. or a some Leadership program, they can be spread thin. After all did anyone tell the Training area to prepare something for the new recruit?
High Expectations – The HR dept say this person is a great fit for the organisation on SO MANY levels, yet no one in the dept they are going into knows anything about them except some here-say rumor… Truth is the person is a bit average in the start up phase and people in the dept are “non plussed” with the new recruit, some people just need time to shine and figure out where everything is and how things happen. How were the skills the person had in a previous position “Mapped” across to this new role. What if they had used a much older piece of software in the past and the version or type you have is VERY different to what they are used to…
Probation period guidelines – Start and in three months we will assess how you have gone. Assess what and how? Is anyone in your organisation clearly responsible for figuring out what and how to assess, are they qualified to do so to some regulatory standard?

All of these aspects can be challenging to negotiate, and like many people in businesses, they realise they need the new staff member too late and before long everyone is too busy to address any of the above.

Time to take stock and get ready for the new recruit. Now I have created a bunch of points to ponder, in the next few articles lets take each one and develop it further.

Tags: business, business grump, business mechanics, business success, creativity, employee recruitment, hr leadership, innovation, lateral thinking, Leadership, People!, Planning, Risk Management, training, workplace safety

Business Basics

Oct 8

Posted by Steve Gray in Excellence!, Finance, Growth, Planning, Risk Management, Starting out in business, The Operations Dept | 4 Comments

I love chatting about business, and love to see people put an idea or three into action and get results, but unfortunately far too many people go to get started and so blindly follow the idea their heart runs off with the head and they fail. I don’t want them to fail but they do, the business owner does not want it to fail but it does… Fail, fail , fail… its not a good look!

Therefore, any chance I get I like to mention the basics of business in the hope to make a difference, I like to harp on about the basics and let people know…

Idea – Research – Action – Spend $$ – Make $$ – Have some left over – Invest – Repeat. (or close to that.)

Still people get it wrong, some end up with an image like this…

Idea – Action – Spend $$ – Make SOME $$ – Spend more $$ – End up broke. (Or some similar pattern to that.)

What’s the point of having a great idea and seeing it crash and burn? None, it hurts and can easily hurt others, so stop doing it. The challenge is however people don’t see the “crash and burn phase” they see a rose coloured world of $$ and happy customers.

Consider this, you want to learn to fly, you have the idea, you have the cash to buy a plane, you know full well you can’t fly the sucker until you have been trained and pass the test.

So why the heck do people jump into business (of any size) without the right training… Because they can, and you know what, you can sign up to get business registration on line, get a bank account and so forth and be in business in no time flat. Problem is no training, probably some skills, possibly and few helping hands to get started. and the rest seems to be “fly by the seat of your pants” and hope for the best.

Do some basic research BEFORE getting started and make sure you KNOW what you are in for PLEASE. too many failures in business seems such a waste of resources folks.

Tags: business success, Planning, Risk Management, starting in marketing

Does your business have a heart problem?

Sep 10

Posted by Bren Ryan in Excellence!, Planning, Risk Management, Starting out in business, The Board Room, The Customer Service Dept, The Operations Dept | 2 Comments

I live and work in Geelong. I have for 15 years or so. In that time, we have pretty much been in drought conditions, and under water restrictions.

This year, month, week, that’s pretty much changed. The word is, we are fast moving towards breaking the drought. With just “average” rainfall mind you. Fantastic! However, it’s caused a bit of chaos this week. You see, Geelong is a city divided by the Moorabool River. It runs roughly West to East, and dissects the North from South.

Of course, there are multiple points at which to cross the river, but one (apparently) vital one. It’s called the Breakwater Rd & Breakwater bridge. As the name suggests, it’s a breakwater, and it floods every time the Moorabool River reaches a certain level. It a pressure release valve so that the river doesn’t flood as badly as it might.

It’s a two way, one lane intersection. It’s tiny. It’s insignificant. It doesn’t appear to be that busy in the scheme of things. I take it everyday in my 5 minute trip to the office.

When it floods, it throws the City of Geelong into Traffic chaos! This week has seen a lot of Geelong employees late for work. My daily 5 minute drive has turned into 45-60 minutes!

My City has a heart problem. Like our Hearts, the city depends on all it’s arteries to follow un-hindered – block one, and you have a heart problem.

It made me think about my business (while i was stuck in traffic ) Sometimes, we have arterial blockages in our businesses. It might be that the phone messages stall at reception and don’t quickly get sent to the sales guy, it might be the order release message from the accounts dept stalls and doesn’t get communicated to the despatch area, so an order sits on the back dock two days longer than it should.

An arterial blockage in our business is simply a part of the system that gets blocked up, slows the rest down, and sometimes even stops the system dead – grid lock!

The first step to clearing such a blockage is to identify it. Sit back, take a breath, and objectively look at your business and how an order goes through your system, even place an anonymous order and see how your system looks to an outsider. Once identified, you can take steps to alleviate the pressure and work out ways to prevent future issues.

In my business for example, the artwork process can be one of those areas that can bog down and block the system. It might be the client is slow to send us appropriate files, or our email breaks down, or a contract artist does not do the job fast enough – there are any number of ways that part of my business can (and has) block and stop orders from proceeding. I don’t like it, but knowing it is an area for a higher potential for screw ups, I pay more attention to it to avoid said screw ups.

Another area with potential for blockages is delivery. I rely on third parties often for delivery. I have clients all around Australia and even a few Internationals. Therefore, I am often reliant on third parties like manufacturers and couriers. If the guy on the back dock at the pens factory is having a bad day, my urgent delivery might not go out, just as the courier driver might have a flat tyre or only pick up 2 of 3 boxes. Even a foggy night made us miss one deadline when the plane holding one box was grounded.

I can’t completely avoid potential blockages, but if i know exactly what they are, I can put safe guards and pressure valves in place to reduce the risk.

So, does your business have a heart problem? It’s one of those questions just like your own health – it might not be comfortable to self analyse if you are at risk, but well worth the effort.

Tags: business, innovation, lateral thinking, Planning, Risk Management, risk reduction

The Harassment Issue

Aug 4

Posted by Steve Gray in People!, Risk Management | 1 Comment

In light of recent events with the David Jones case in Australia where a worker is claiming a multi million dollar compensation payout, it’s clear employers need to be aware and take positive action to ensure ANY harassment DOES NOT takes place in the workplace.

At the time of writing the case has not been settled, however employers need to be aware an employee can chase a multi million dollar payout figure and although it may not have to pay, the employer will probably have a wide range of stress at the thought of it happening.

Make things easy for your organisation and at least have an outline of what harassment is and look for ways to proactively create an environment where harassment is minimised with the aim of eradicating it.

Active employers will certainly be able to set up a basic awareness of the issues and ways to tackle it which may include training. Do the right thing and show total respect for all the team in your care, by taking action now.

7 Mistakes new businesses make with IT

Jul 23

Posted by Bren Ryan in Excellence!, IT Dept, Planning, Risk Management, Starting out in business, The Operations Dept | 1 Comment

Any new business likes to get off to a fast cheap start, but it important to keep an eye on the prize and be wary of cutting too many corners that will end up costing time, money and possibly loss of data and even your businesses ability to adapt to a changing business landscape.

So here are the top seven IT mistakes I have seen new businesses make:

POP email

POP email accounts are those email accounts that you get when you sign up with an ISP. Often you get a few free email accounts that you can associate with your company domain. The problem with POP accounts is that they don’t get backed up and leave you with a false sense of security. Ultimately much of your businesses value lies in the contacts that you have, as much as the conversations you’ve had. POP accounts only store the conversations, and in many cases even those are cleared from the server by your email application. So now all of your data is sitting on the one vulnerable hard disk in your computer and unless you know what you are doing, this does not get backed up.

Shop around. For less than $US15 per month you can get a hosted 5GB Exchange mailbox that stores all contacts, calendar and email. It gets backed up each night and it can be made to synchronise contacts and appointments as well as email with your mobile PDA. If you have multiple employees you can share contacts and calendars and email. This can takes office productivity to a whole new level. Outside the office, on the work site, having access to your email, contacts and calendar is fast becoming as important and as expected these days as having a mobile phone was five years ago. From the work site you can place a booking with a client into the Calendar on your PDA and within minutes staff back in your office can see that booking by looking into your calendar on the server. And Vice-Versa, how good is that. No more checking with the office then calling the client back to confirm, not to mention the to and fro reduced if the booking did not suit.

Of course if you lose or break the mobile phone al of the contacts and appointments that are synchronised to the server are not lost. Just get a new phone and set up again and all the contacts and appointments will be synchronised back onto the phone.

OK, setting this up may require some help from an IT consultant but when you factor in the productivity gains and the reduced risk of data loss in the event of failure the gains are worth it for most businesses.

2. Peer to Peer networking

There is a plethora of fantastic cheap devices on the market these days that let you store copious amounts of data on a networked hard disk. If you like you can also share the hard disk of your own computer so that your co-workers can store all of the data in a single location.

But please don’t forget that you need to back that data up and, just as importantly, you need to be able to restore from that backup should the data be accidentally overwritten, corrupted or you just have a good old fashioned disk crash. Most IT professionals don’t like keeping all of the eggs in one basket. So we devise ways of making systems redundant. A ‘real’ server solution will have redundant hard disks, so that should one fail, your data does not go with it, resulting in days of downtime while the system is pieced together from that backup that you regularly do.

Too many small businesses still store scary amounts of critical data on a single hard disk inside a regular workstation (usually the oldest one in the office).

3. Free software

Free software sounds great. And it can be. I am not against it in itself, but with most software it is not the license that will end up costing you the most money, that will actually be a small part of the cost. You need to consider the longer term costs of implementation and running your systems utilising that software. For a small basic single user application that may be fine. But for something that will be implemented across your business to become what we call ‘mission-critical’ you need to consider the longer term implications. How easily can I get outside help to support this system should those who know it move on (key-man risk)? Can I recruit people who know how to use this system, or will I need to train them up? Will updates for the software be available when I come to upgrade the platform on which it runs?

These are some of the questions you need to ask before taking on what may appear to be a cheap solution.

4. Mates Rates advice

It is hard to pass up free advice. However free advice rarely translates into good support. At least not the kind of support you can depend on from a strategic point of view. Your mates may be available after hours and on weekends but if they are holding down a full time job they may not be as accessible as you need them to be. There are also often strategic and technical differences between how IT is setup and run in a small business environment compared to that of larger organisations. There are specific product bundles available from vendors such as Microsoft, Dell, Hewlett Packard, Symantec and many others that facilitate excellent solutions for small business when implemented correctly. However while these bundles may appear to be a collection of products that many IT experts may be familiar with, they often include some additional bells and whistles that allow you to get real leverage with your IT investment. I have seen many implementations Microsoft’s Small Business Server where a so-called expert was unfamiliar with the use of Remote Web Workplace and so had not known to implement this for the business. Yet Remote Web Workplace is one of the core offerings of small business server and one that many administrators of large organisations would give their eye-teeth for. It allows small business workers to connect to any workstation within the office and run all of their applications from a remote location.

So how could this have been over-looked? Remote Web Workplace is not a feature available on ‘big’ business systems, so if your friends work in big business, they may not know about it, or many other things.

Another important function I have seen ‘knowledgeable’ mates overlook is the ability of Microsoft’s Small Business Server to enable BlackBerry type functionality with regular iPhone, Nokia and Windows PDAs. Perhaps the mate thought they would need to buy a BlackBerry server to do all of this, perhaps because the company they work for has one.

5 . Backup-backup-backup and offsite-backups. Then test them.

It makes me cringe to see what some people consider a backup plan.

Too often I have heard people telling a reporter that loosing the house to a fire was bad enough but loosing the family albums and memories was devastating. The rate of business failure after a major IT disaster from which there was no backup is very high. I have seen figures like 80% in the two years following the disaster thrown around.

So I guess lesson one is make a backup of all of the family photos and take them to a location away from the home. And then repeat this regularly. And check that you can access the copies that you have made. Lesson two is to do the same for your business.

6. In-house software / DIY Systems

All too often I see people who believe that their systems and their way of doing things is so special that they must create their own software just to manage this. Accountants probably bare the brunt of this when the new business owner fronts up to them with a box full of receipts and an excel spreadsheet full of fancy macros that nobody except the business owner knows how to use. Or the very very special Access database for managing stock levels and generating very very special reports.

All businesses want to feel that they are unique. But encoding that uniqueness into a software application that can only be modified by one select person can turn out to be a serious strategic mistake when you try to sell the business or when that ‘key-man’ risk is realised because the person who knows the system can no longer maintain it.

Ask yourself how your business will make money. If developing this special piece of software and selling it is not on the list then don’t go there.

7. Lock in.

No deal in IT is so good that you should sign up for more than two years. The market and your business moves too fast for that. What is a great deal today can be serious drain on cash flow in as little as six months from now. So whether it be a mobile phone plan, an internet connection, a PABX system, a server hosting plan or an IT support plan, two years is just too long a commitment to make. If we think a deal is good today, you can be assured that a better deal is just around the corner and if you’ve locked in for a long time you will be regretting the lock in for at least half of that time.

And it is not just the money. Once you’ve locked into a plan you’re often locked into a technology. Then along comes the next best thing and your business is now not as dynamic as you thought it was.

Svend Petersen is the Managing Director of Excelan.

Excelan provides a personalised level of IT support and strategic consulting for small to medium sized organisations in and around the Sydney CBD.

Tags: business, business success, IT, IT Tools, lateral thinking, Risk Management, training

My Favourite Web tools Pt 2 – Goodsync

Jul 19

Posted by Bren Ryan in Excellence!, Innovation and Creativity, IT Dept, Planning, Risk Management, The Operations Dept | 1 Comment

Last week I told you about Roboform, the stress saving password encryption and saving program. This week i’m looking at Goodsync, Roboform’s first cousin.

As the name would suggest, Goodsync is a syncronisation program. It will syncronise Folders & files on a PC, Network, and the internet.

I use it on a daily basis to back up my most critical files. Everyday, I copy my accounting back up, my CRM data, my clients art files, copies of my quotes and invoices, our procedures manual, my Roboform data, and my quoting program data – a lot right? It is a lot, and frankly, if I was simply making a back up or copying all those files every day, it would take all day!

I also make multiple copies – I have the original files on my mail PC, I have a back copy on a “storage PC” on the work network, and I make a copy to my laptop (so that I have a mobile copy of the file in case of something like a fire at work). That’s how I use it, you could just as easily use a portable hard drive.

The beauty of Goodsync is; it only copies over files that have changed. This means it doesn’t get bogged down copying files that are already there in the back up destination, a big time saver.

First, Goodsync analyses the source files compared to the destination files, after the initial analysis, this takes only a few seconds.

Then Goodsync creates a list for you to check. There are default settings like always forcing the sync one way, or force the newest revision of the file to override the direction of the sync. You can either manually make the decision, or let Goodsync decide for you based on your preferences.

At the click of a button, it copies the right files to the right place super fast – the only limitation of speed is the speed of your connection. My hard wired network syncs faster than it does to my laptop through the wireless router for example. Still, it only take 3-5 minutes per day to back up all my critical files to two different locations.

Goodsync is super easy to use, A few minutes to set up the initial settings, and then once that is done the daily task takes only minutes. Take this link for a quick overview of how Goodsync works . There is also a MAC version of Goodsync, which I haven’t tried yet, but if it’s like anything Apple, it’ll be easy

I haven’t used the portable version, Goosync2go, but i have used the protable version of Roboform, so I have to assume the portable version is every bit as good as the PC version.

Of course, there is a free trial of Goodsync, it has full funcionality, just a few limits on the volume, so give it a go!

Bren

Tags: business, business success, innovation, IT Tools, Risk Management

Evaluating Your Small Business Strategy

Jul 8

Posted by Bren Ryan in Excellence!, Growth, Innovation and Creativity, Planning, Risk Management, Starting out in business, The Board Room, The Operations Dept | 1 Comment

Countless people set themselves personal goals in life, but in many cases, small business owners don’t do themselves the same favour. Without setting time aside to consider, plan and implement a solid strategy for any business, its success can be often hindered or compromised.

In these tough economic times, owners are struggling to make their business grow, but strangely enough, there is great opportunity for companies to make leaps and bounds while the market is down.

Take a Step Back

Being in the day-to-day running of your business can alter your perception of how effectively it is run. Take the time to look at every facet of your business to gain the most unbiased perspective.

What kind of relationships do you have with suppliers? Is there any way you can leverage the associations you have with them to gain better pricing or additional extras (like longer trading terms to increase cash flow) that they don’t usually provide?

Do employees see their position as a job or a career? One of the most difficult tasks an employer can face is motivating their staff so that they are more productive. Try to introduce creative, cost effective ideas to improve staff morale, which will ultimately allow your business to be more successful in so many different ways – higher customer satisfaction, increased work output, less mistakes and a much nicer place for everyone to work.

What are your sales margins? Taking a realistic look at how much you are making on your products and services is crucial to allowing your business to grow. A small increase in sales margin may not seem like much in isolation, but calculated over a year, this additional profit can make quite a difference to your bottom line.

In many cases, customers will expect to see increases in prices every few years, purely because of inflation. If you do apply increases, be transparent to your valued clientele – it will only reaffirm why they should continue to spend their money with you.

What are your competitors doing? If they are blazing trails in your area or industry, find out why and how. Start to follow their lead and see where you can even improve on their practises. But another, far more powerful way to knock down competition is to find out what they are doing badly. By being exceptionally great at what your competitors do badly, it will soon put you miles in front.

Planning – What to Consider

After all the research has been done, it’s important to spend some time planning how you will turn all of these findings into meaningful actions. There is a fine balance between continuing to maintain a high service level in your business and being able to implement new processes, procedures and projects. Figure out what elements can be immediately implemented into your business and what will take more time and resources. Once you’ve determined this, you can then allocate timelines to these more lengthy projects so as not to interrupt the flow of your business. Many strategies tend to stretch over several years, so make sure you build some level of flexibility in to allow for changes in your business, the economy and the marketplace.

Implementation – Getting Your Hands Dirty

It’s all well and good to research and develop business strategy, but sometimes the hardest part can actually be doing the work involved. The best way to avoid being overwhelmed with implementing the strategy is to break up each task and set key goals and milestones. Once you have completed the task or project successfully, make sure you take the time to look back on what you have done and be constructively critical. If you have an upcoming project of a similar nature, it will allow you to become more efficient in implementing your business strategy.

All in all, developing a business strategy gives you the chance to recognise opportunities and shortcomings that may not have been realised otherwise. While each business can be very different, the foundations of a solid business strategy are ultimately the same and can be applied to most companies, regardless of their service offering or industry.

An article provided to us by one of our site sponsors – NRMA Business Insurance

Tags: economics, employees, implementation, margins, Planning, relationships, suppliers

Do you have staff? STOP NOW!

Jun 9

Posted by Steve Gray in Health and Safety Dept, Risk Management | 1 Comment

Pay attention people, all hell could break loose with your staff and you may not even know it! Ok I may be exaggerating a little but the thing is you could have a potential problem so stop now and read on…

Here’s the issue, you figure the people you employed will have some common sense and do the right thing in your business, know their skills, apply them well and be a productive part of your business community. But wait, what if you learned they may not have so much common sense after all, don’t feel bad (just yet) many people seem to fall into this category…

The specific issue this time is OHS, lets set a scene to explain why. You explain the OHS system when you employed a person and figure they will remember to let you know if an incident happens, even if it is a minor one or even if it has the possibility of happening. But over time they forget.

Lets go a step further, the staff member in question, twists quickly in the course of doing their job, no lifting of an object… just a twist, lets say to change direction while walking… In an instant they feel some pain in their back, a strain or sprain of some kind.

They think to themselves, “I wasn’t doing anything at the time, and even though I am at work there is nothing to report.” well not true, they have an injury which took place at work, not due to work but AT WORK. Therefore it should be reported. In this case however it wasn’t.

The issue becomes greater as the person decides the next day to take time out to se a Doctor as the pain is worse and needs to be seen to. Their Doctor is busy so they go to another, see a long waiting list and decide to give it a miss, they have missed a day of work and will see if they can sleep it off. The next day they return to work still a little sore from the ordeal.

Chances are it may never turn out to be an issue for the person or the organisation, but what if it did.

Lets say the person does have an issue, and on advice they get legal advice, the solicitor tries to pin down what took place and the OHS records at the business show nothing reported, then they close the book and say “Sorry it’s doubtful there is any case for the company to answer as there are no records of an incident taking place, was there a witness? No, oh well then there is nothing to make your story stick…”

Interesting story, but in real life such a situation can be tragic for the employee if they can not pursue any action, tragic for the company if they lose an employee or end up with one who may be able to only do some of their original duties, which could be tough all round. Or imagine they just spread the word your organisation is lousy for not looking after people, more mud, and some will stick.

The moral here is to keep training and reminding your staff to be highly aware of safety issues, making it a number one priority always, and reporting the simplest thing, actual or potential, which could be a risk to the organisation or a person. Lets hope the subject of our story has no further issues and the sprain gets better soon!

Are you really insured?

May 17

Posted by Steve Gray in Planning, Risk Management | No Comments

Are you really insured?

When business does not go as planned the owner can end up in a serious bind, this can be the case when an event like a storm ruins things, in some cases even wiping out the business. But lets take the idea a bit further… what if you didn’t have private health insurance and you needed medical attention now and not some time in the future when the Government scheme can fit you in? Or you are on a business trip and did not get travel insurance?

In business as in life things can go wrong fairly quickly and people find themselves saying “If only we had…” or “Are you sure we paid that last premium?” The peace of mind they may have once had fades fast. When disaster strikes you want to be sure you covered your bases. Private health insurance exists: to give you a fast personal health service when you need it most and the team at http://hbf.com.au may be one of the providers you turn to for a starting point.

You will have seen news reports of natural disasters tragically affecting lives, and some of you will appreciate the follow on effect a disaster can have on the wider community when the shock of a nasty event subsides. Sure our current medical support services can help out in a crisis (Australia) but when the follow up or specialist services are required you can be at risk if you don’t have private health cover. Imagine if you are overseas and are caught with a medical situation, you want to make sure the travel insurance is in place.

In many communities small businesses make a huge impact on local employment, and the provision of so many necessary services. Not only does a disaster wipe out these things, but the potential income loss for the owner can be huge, good business cover can help out there but on the personal side health cover is often overlooked and it can be at the peril of the business if you are not able to be there to run things.

I guess Insurance is about peace of mind in knowing that should a situation arise where it’s needed it’s there to cover you. For those into business speak, it’s about risk management and finding ways to minimise those risks wether you are here or overseas getting the right cover can make a world of difference.

Perhaps insurance should be seen more like a good friend, often not seen until needed, but, when needed, they are worth their weight in gold. On the books of the business the “expense” of insurance would end up in the liabilities column, but when you need to make a claim you might soon view it as an asset. Your health is all that matters and nowhere does that matter more than when you’re overseas http://hbf.com.au/travel/ can be the answer to your travel insurance needs.

Let’s face it often people pay for the their business, car and home insurance with ease (they are used to that) but their health and travel insurance may be seen as an expense at the time. I’m not sure that would give me peace of mind, how about you?

Remember it’s an investment to make your life easier by giving you peace of mind in knowing you are covered if disaster strikes and you need the support and protection of a good friend!

Workplace Bullying Policy

Jun 14

Posted by Steve Gray in Health and Safety Dept, Human Resource Management, Leadership, People!, Planning, Risk Management | 1 Comment

Don’t turn off and stop reading because you are a small business, Don’t stop reading because you believe you have all the bases covered on this one, and just because your people in the HR department say there is no need for such a thing due to no cases of it at this point be wary of that.

Imagine you employ a bright eyed graduate or fresh faced school leaver brimming with interest and potential, then after a few weeks you see them with less of a smile, less of a pep in their step. For most people watching this person they might say, yep the realities of being in a job have kicked in, he he!

That can be the case, but what if they have found their supervisor or a co-worker has given then some grief, a few terse words, a few statements which have impacted on their esteem. This might seem like petty stuff but the impact of this sort of situation can get out of hand very quickly, the worker may feel powerless, in a bind, awkward, berated, useless and so on.

Your business has a duty of care, you have a duty of care and this needs to be stated up front that everyone in the organisation also has a duty of care. Therefore that being the case guidelines need to be in place to clearly out line what actions are taken in situations like this and to spell out some basics as to what might constitute bullying, harassment and other situations which might impact a persons esteem.

Okay so now a bunch of you are saying “Hey the hell do I have to care about a persons esteem? Heck I pay them to do a job, they should do it and put up with the situation, they should harden up, the world is a tough place…”

My view on that is how can you not care about a person you employ… If you are not into caring, avoid being in business. If you don’t care, your customers won’t either and then your staff will soon disappear. Yes it’s that basic, and you need to ensure you have the situation covered or you could be caught out VERY QUICKLY.

So do the right thing and have one ready to implement now, I suggest at the very least you do a search on google and see what comes up, grab one that suits and use it. for a rock solid start try the public service in your country and see what they have you can edit to make it your own. one I looked at recently had a 44 page doc you could download easily enough and it had various examples as well. http://www.apsc.gov.au/ethics/respect.pdf

To finish, imagine this, you are interviewing people for a job, on telling them about the organisation you are able to show them a copy of your bullying policy. It shows you care, it shows you will not tolerate people who don’t care, it shows you want to have happy people enjoying being part of the team, together everyone feels safe and in a organisation which values people, enough said…

Tags: bullying, HR, Leadership, Planning, Risk Management, workplace safety

Basics are basics…

Jun 1

Posted by Steve Gray in Finance, Growth, Leadership, Risk Management, Starting out in business | No Comments

It’s June 2009 the global financial crisis is still happening. Watched a documentary on Chinese businesses going under, huge factories closed down, lots of out of region migrant workers now displaced. Sure this was one province (Guangdong) and particularly one city Dong Guan, so probably not a big cross section to measure by. The show was on SBS Australia’s Dateline (May 31) and showed a range of businesses closed and gutted out.

Here’s a quote from the show “In Guangdong province alone, 60,000 factories have now closed down and millions of migrant workers are searching for work.”

My first thought was what were they making? well it’s interesting the businesses included a printing plant, toy factories, and jewelry manufacturing… My second thought was do they make for the local market or export, export… third question, is the product a need or a want, mainly want.

So it comes down to the basics if the majority of what is produced is not for needs when a downturn comes the wants are dropped first. When an external order from overseas is pulled then the whole thing can collapse quickly. as the local economy is hanging on wants, the failure of one is felt across all.

Learn from this huge scale disaster and make sure you have a balance of income from needs based sources as well as wants based sources. If you have shares in a grocery company Co for example it seems logical that they supply the needs of people, then take your own business think about how you can supply to the needs based customers. Think carefully about this as a form of insurance to ensure you can balance your wants and needs to ensure sustainability.

Business is…

May 23

Posted by Steve Gray in Excellence!, Growth, Planning, Risk Management, Starting out in business, The Board Room | No Comments

There are many types of business primary, secondary etc… but I have just had a thought about other “types” of business and felt it useful to share.

In the most part a business is about creating a device to provide a product or service and make a profit from it, however it goes a bit further than that. I feel it’s important to make a few distinctions.

Job – not a Biz – Turn up – do work – go home – repeat.
Low level Biz Operator – as above – not much scope to get ahead – Some franchises can feel like this.
Low level Biz Owner – Some growth as the biz operator gets some leverage by having staff do the work, with input from the owner.
Mid level Biz Owner – Better growth limited input to the biz as the staff do it all with a manager in place or similar – perhaps develops other businesses or franchises of one business.
Upper level Biz Owner – As previous but developing assets to utilise the growth’s potential.
Top level Biz Owner – Utilises others to do the work, from developing more assets to creating more businesses.

Which level do you want to be at and what will it take to get you there? Notice it’s all about growth and profit leading to leverage, with leverage you can do more. When you learn the skills and mindset required to do this you get to play at a new level each time learning more skills and mindset tweaks to assist you. Note at each level and with more leverage you can assist more people, develop greater security and achieve more.

Companies shirk responsibilities

Apr 18

Posted by Steve Gray in Excellence!, People!, Planning, Risk Management | 1 Comment

Ok so this is my view… but how dare a company employ people and not cover their entitlements when the whole thing goes belly up…

Here’s an example from our local newspaper, on Melba Industries.

The company does not have the funds to cover their staff entitlements now they are being liquidated. As business go along they find the money (put it away earlier) to cover tax requirements, and allegedly the same with Superannuation payments etc… so why not put away an amount to cover entitlements.

Or at worst I guess it could come out of a DRF (Debt Reserve Fund) of some kind. How about some form of insurance they have to pay into, or a compulsory savings plan for employee entitlements, that way the real profits could show through and the issue could not be so big.

Hey folks don’t hold your breath waiting for the government to do something about it, do the right thing from the start, take the whole duty of care situation more seriously and cover those entitlements.

Sustainability, a thought or two.

Apr 8

Posted by Steve Gray in Excellence!, Planning, Risk Management | No Comments

In tougher economic times the idea of sustainability may take on a fresh meaning, the big car guys didn’t get it, they have put their hands out… many other companies are down the tubes to, they also have their hands out.

Before a revolution kicks in and angry mobs demand “jobs and justice” I am reminded of a “trend” a few years back which offered some promise but seemed to rarely deliver.

A friend was telling me about grants his organisation was applying for (not for profit) one of the criteria was based on “making the project your grant will be used on, sustainable.” simply put he said on discussing the issue with work colleagues, the best they could do was come up with a few ideas around energy efficient office equipment, using recycled paper and that sort of bent on sustainability.

I said, “It’s funny but I get the view they want you to take the $$ and be able to sustain those $$ for as long as possible.” Simply put if they give you $100K towards a worker and some resources, you would then get at least double that return from that workers output, therefore sustaining their job and building more resources.

He went wide eyed for a moment, first thought was “How do you get $200k from a $100k ‘investment’ in a person?” while his second thought was “But we would have to do some project which was going to make us money from sources other than the grant…”

He was stuck, or at least his current paradigm was stuck, he had to now think outside the square as to how either of these might happen.

Sometimes we have to look out for fresh ways to tackle things so we can make our organisations more sustainable, and whichever way you look at it both are useful. In tougher times those that made the transition to being more fundamentally sustainable will reap the benefit, those who created a “want type” business where people walk away when spare cash is not about, will (in the main) feel the “pinch”.

Forum down… but not out!

Mar 30

Posted by Steve Gray in IT Dept, Risk Management, The Board Room | No Comments

A huge apology to all who want to view our Business Forum… We have had an issue with a “hacker”, and have to wait for the “rescue squad” to put back the pieces, I guess it will give people a break from their “forum fix” and give them a chance to read the main articles and comment in here!

It makes things hard when on Saturday I handed out a bunch of FBT cards at a business function, rather annoying!

Conservative or smart…

Mar 26

Posted by Steve Gray in Excellence!, Finance, Innovation and Creativity, Planning, Risk Management | No Comments

As more companies go down, and an unrepentant writhing takes place as people follow the sense of fear pervading workplaces, I am left to ask… Were these big companies not smart, or perhaps should they have been conservative?

Ok a boom is a boom, bust is what it says and no one wants to go bust. So how then do you even out the ride and make things settle down into a form of business which can handle the tougher times. Get conservative, get smart.

There is heaps of info on business smarts, same probably for being conservative (chat to your accountant if you don’t follow…) the idea is to put in action plans to ensure you cover your butt. Meaning put some cash away for a rainy day. If you have more than enough then you can invest some of the rainy day money (preferably into things which you can sell and turn back into cash readily.) then as the investments grow you might be in a position to take on some longer term assets which return an income (read rental property)

By taking this sort of stance you make sure your business has a back up plan and a solid foundation to build security with.

I guess it all comes down to the aim of the business, do you aim to be in business for the long haul and reap it’s various rewards, or simply take risks and live in the fast lane for a while… Conservative or smart, perhaps it’s both.

Down up, left right which way & what next!?

Mar 12

Posted by Steve Gray in Finance, Growth, Risk Management | No Comments

Positives and negatives abound in the new found financial meltdown news, some people have lost value but not $$ (Big business CEO’s who find their stock options are “a little short on value”) while others have lost $$ but not value (e.g. work has dropped off for some contractors).

Despite all this the average “Joe” is now fighting to keep their jobs or hoping to get another one where the boss is not giving them grief and so the applications for positions has gone down but the number of applicants has gone up. Strange times call for strange answers…

Ages ago I wrote about a tourist town in New Zealand doing Ok, but what would happen in tough times? they supplied to the “wants” of the world and not the “needs” of the world. This put a few noses out of joint, but unfortunately the minute things went haywire so to did the tourists… bye bye, back another day when things pick up.

It comes down to balance (yeah too easy for me to say huh…) if the overview of the situation is too much one way (providing just wants) then hassles occur… if you provide to just needs then there are no want type situations to be taken advantage of. (imagine a supermarket, which just provided basics and NOTHING else… It equates to all work and no play.

So much for macro economic theory (of which I know little formally) what about Micro? Well the situation is this. You are in charge of the $$ at home and the things under your control, so you had better figure out how to balance things there (strangely similar? yep!)

Basic investing 101 says “Have a balanced portfolio” so you buy shares across a range of areas, resources banking etc… This helps to balance things if one goes up and the others go down, but if the HWOLE share market goes down, stiff luck. What it really means is, have some $$ in shares, some in business, some in Investment properties, some in the bank. In tough times you can shift things about to suit.

For most people the balanced portfolio idea outlined is nice but few have the ability to fund this many investment options. Challenging and frustrating all at once, so this is where a BIGGER picture plan comes into being. If you have just shares what are you saving for? An investment property… or the chance to put profits into the bank. Either way your plan should show you the way.

Lets face it many people have been caught out by the current financial dilemma and many more will feel pain before it’s over, but there are those who have taken a balanced approach and will not be doing things so tough as others. Half their luck. let’s hope in the positive future we can all heed their wisdom and build a sustainable portfolio for long term financial support.

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