What it Takes to be Profitable

November 30th, 2010 by admin

I recently saw a quote by BILL WADDELL that can make a huge difference in any business.

“It doesn’t matter whether you are selling $250 dinners, or $1 flashlight batteries, it is the degree to which work is well done that determines your success, and no amount of manipulating the money can compensate for a lack of work well done.”

This quote can be found at www.superfactory.com

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The Extra Mile

November 1st, 2009 by admin

To be a successful business owner, manager, or employee you must reach high, think big, work hard. What are you doing in your business to meet your objectives. Are you allowing your employees to grow, while helping your business to grow? Do not forget to tell your employees if they are doing a good job that by doing this item can give incentives to employees to go the extra mile.

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Burnout

August 8th, 2009 by admin

Are you, your employees and managers feeling battered, unsettled and unhappy?
 
Workers are being asked to do so much more with less time to complete the tasks.  Many employees face the threats of their work hours being reduced, pay cuts, benefit cuts, or even layoffs.  These factors can contribute to employee burnout. How is your company struggling to maintain morale?  Is your company keeping employees motivated during one of the worst motivating times in recent history due to the financial crises across the world?
 
Despite these workplace distractions, you need your employees will remain productive. Are you keeping your managers focused on growing your business?  How do you keep doing business in such an unusual business climate?
 
The major key is to recognize the early warning signs of declining motivation and plummeting morale, then respond quickly with practical solutions to help your employees and your business bounce back. Have you thought of ways to succeed at this?
 
Employee loyalty is at an all time low and even if your workforce is loyal and motivated, how do you sustain it? Any qualified owner or manager will tell you that morale can crash from one month to the next.
 
How do great companies create strong morale and reap the benefits of breakthrough productivity, high product quality, world-class customer service and low turnover?

Is it primarily driven by market success? No.

 High salaries? No.

A single charismatic leader? No.

There is not a simple shortcut or solution to achieving high morale and avoiding burnout. And usually one person cannot always make it happen by themselves. Companies with fabulous morale do a whole lot of things right from the beginning. There are many simple tasks that can be done to keep your employees more content so that they perform a better outcome at their position. Lean thinking is not about just cutting expenses. What are you doing for your employees or even yourself to stay motivated if you are a one person company?

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Traits of Being Successful Part 1

June 24th, 2009 by admin

Focus on the future. Successful people in all areas of endeavor tend to focus on an idealized version of the future. They think about what things would be like if they were perfect and then they focus their energies on bridging the gap from where they are now to where they want to be. Successful people don’t get caught up focusing on the problems, challenges, worries, and frustrations of today.

Keep score. Many professionals are renowned for impulsively putting high ticket items on their credit cards, presumably as a way to distract from the stresses of their career. Expenditures—both business and personal—must be considered carefully. Will the expenditure bring in more revenue? If so, how much and when?

Plan better. The rich tend to have their day’s work planned the night before, organized into lists for better follow through.

Information supplied for Healthleaders Media

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What Does it Mean to be LEAN?

June 17th, 2009 by admin

Lean is about having a drive for simplicity and the power of knowledge.

One of the biggest areas that is forgotten in Lean is respect for people. If a company has properly trained individuals they can in many cases help your facility make a profit. Laying people off and eliminating jobs is not lean. The company may not have as much in salaries, yet they are losing the knowledge their employees have which could make a difference in their success. Lean is about thinking for the long-term, not the short-term.

People are not a liability that accounting professionals tries to impose on a business. Employees that are  properly trained, supported, and acknowledged for their value in the company are an asset.  Knowledge,  and experience cannot be measured on a accounting balance sheet.  Employees are worth far more than what we pay for a simple pair of hands.

With this downturn in the economy all businesses should look at Toyota. They have not downsized any one in their fleet of employees. They are making a profit. When we do not use the talents of the staff we have, companies are bound to not be at their top best.

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