Tuesday, 30 November 2010

Contact Management (CRM) For Small Business - What Works Best?


Contact management for small businesses is a big deal often having a big impact on your bottom line. After all how well you connect and stay in contact with customers (and potential customers), track and manage your sales and marketing data, and drive business to your company is crucial to your overall income numbers.

Here is a quick "Guide" with strengths and weaknesses of three CRM software packages I'm comfortable recommending:

1. Salesforce.com

PROS: Integration with dozens of 3rd party tools including marketing automation. Hands down the most powerful import functionality of all CRMs. Salesforce.com allows you the most flexibility with mapping of data ..... and gives you full control of what data gets overwritten, merged, and updated. It is also easy to use and quick to navigate.

CONS: Expensive compared to other alternatives. Little to no contractual flexibility.

2. SugarCRM

PROS: Nice interface and powerful customization, most powerful if you count the ability to edit code. Flexible contract terms. More cost effective than Salesforce.com in the OnDemand version and free if you host the Open Source version yourself.

CONS: Little support for third party applications out of the box. Import process is limited in that you can only overwrite, versus update existing data records. This can be bad if you like to regularly update your database and import tradeshow and other marketing data.

3. QuickBase

PROS: Month to month contract terms, ability to host unlimited instances or have unlimited applications. As low as $15 per user per month. Easy customization.

CONS: Tedious import process with no ability to update certain fields versus overwrite. Little to no ability to connect to 3rd party applications.

My friends use Salesforce.com for their sales and marketing. They use Quickbase for delivery of their services.

Tidbits on a few others - Act and Goldmine require more IT resources for multi-user environments, and you will have trouble with people not syncing often enough. I have yet to meet anyone who has used Microsoft CRM and liked it.

Whatever program you choose really depends on what are your priorities and needs within CRM. Is it sales driven, customer service driven, internal help desk driven, campaign management drive. There are always some niche tools that are for specific needs and still people develop custom development. Proposal Making is a separate software in the CRM space for instance.

One thing to always remember when selecting, and integrating any CRM product. Installing and running the CRM is the easy part, no matter which one you chose. The hard part is tailoring the CRM's robust feature set to the unique aspects of your business, your sales goals, and the personality of your sales team. This tailoring will cost far more, take far longer, and incite far more arguments than you could ever imagine.

If it's so hard, then why even do it? Because that IS the payoff for CRM. A lot of people spend a lot of time analyzing all the features and choosing one CRM over another, and my point is, the feature sets aren't what matter.

The real beneit of CRM software isn't the automation, it is that in automating, it forces you to have all those tough arguments, make all those tough business decisions, and have all those debates about sales philosophy.

And if you do it right, you will be richer for it, no matter which software you choose.

CRM isn't simply contact management on steroids, it is your company's opportunity to identify best practices in customer life cycle management, codify those practices into defined processes, and an automated system to help your sales force understand and follow those practices.








Michael is the owner of FreedomFire Communications ... and author of Broadband Nation. Michael also authors Small Business Resources Cafe with resources, tools, tips, & insights for small businesses. The Cafe is always open. So ... grab a cup of Joe & sit awhile!


Your Disorganized Office May be Costing You Money


John is a busy, self-employed, plumbing contractor. His business keeps him in the field five to six days a week, so the only time he has to take care of paperwork is in the evenings and on weekends. He shares his home office with his wife, who works outside the home, but also manages the household business from this office space as well. All the management details of his small, but growing business are up to John.

John is a typical small business owner working from his home, and like John, you could be losing money because you do not have simple and efficient office systems set up in order to manage paperwork. You may be paying penalties for late payments, important paperwork could be lost in piles of unopened mail, and then there is the wasted time just trying to find things. Your small business office is the nucleus of your business, the center where new orders and paperwork are being generated daily.

The US Bureau of Labor Statistics estimates that there are now more than 18.3 million home based businesses in the United States and 53% of small businesses are home based.

Is the story of your office one of efficiency and productivity, or is it a sad story of loss and confusion? If your office is in a state of confusion, there are four key areas of your office that you can improve right now and take your business to the next level.

Time Management

Develop a time management system so that precious time is not wasted going in circles because you don't know where to start. Time management is not about working faster - it is the practice of spending more time on the right things. Prioritize your time, and learn the difference between important and urgent. Important tasks help us achieve long-term goals. Urgent tasks may need immediate attention to avoid a crisis, but are not necessarily important in the long term.

Make a list, but limit it to six items or less, otherwise you may be overwhelmed. Eliminate distractions, schedule time for planning, and learn to use some kind of calendar, day planner or PDA.

A Filing System

You need to be able store and retrieve documents efficiently. This includes paper and computer files. Each business has it own filing needs, and each business owner has their own work style, so develop an appropriate system for your business needs. You should be able to put your hands on any given document, or piece of information in 30 seconds, or less.

You will need a system to manage working files, as well as permanent files. The permanent files need to be labeled with a specific retrieval system in mind, such as by categories, alphabetical, numerical or whatever system is appropriate for your requirements. Choose fixtures and cabinets that will best accommodate your files as well as particular storage needs, for special items such as photographs or blueprints.

A Bookkeeping System

Good bookkeeping practices are essential for a number of reasons. You will need exact information for financial statements, which are necessary for business loans or lines of credit. When you can track all your deductions, you may pay less in taxes. You will be able to forecast your business trends when you have accurate records, and if you decide to sell your business, you will need precise information in order to determine the true value of the business.

QuickBooks is probably the most widely used computer software to track all your business finances, and at the end of the year, all your data is ready for income tax purposes. There are other easy to use systems, as well as bookkeeping services to take care of details you may not have time for. You may have a vibrant, active business, but if you don't keep up to date and accurate records you may be losing money and not even know it.

Clutter Control

How distracting is it to sit down at your desk to find the remains of yesterday's lunch, magazines, mountains of paper and no sense of where to begin? It's not only distracting, but also costly, in terms of your precious time being wasted because you are not on task while shuffling piles, or housecleaning just to get to the desktop.

Get your desk set up so that there is a designated place for everything. Working files can be accessible, without being scattered everywhere. Keep the business cards in a card file, or a Rolodex so they are tidy and easy to find. Sort your mail every day next to the wastebasket, and throw away the junk before it turns to clutter. Don't let your office be a dumping ground.

Your office is so important to the health of your business. Don't let a disorganized office hold you back from the growth and success you deserve. When your office is efficient and organized, you will be more productive with your time, and you will reduce the level of stress in your life. Be proud to bring clients in to the office for meetings and consultations because you have an office that reflects your high professional standard and a smoothly run operation.

If you feel that you need help with getting your business office working in a more efficient and productive manner, call a professional organizer, who can review you business needs and the space you have to work with, then develop and implement systems specifically tailored to your business.








Sandra J. Carroll is a self employed consultant and a freelance writer, with over 30 years of business experience. Her company, Creative Changes provides practical solutions to the organizing, space planning and storage needs of homeowners and small businesses. As a small business owner, mother, and owner of two homes Sandra has first hand knowledge of the challenges that entrepreneurs and homeowners are dealing with every day. Sandra studied business and humanities at the University of Arizona. She lives and works in the Palms Springs area of Southern California. For more information about Sandra and her professional organizing business, please visit: [http://www.creative-changes.com]


How to Improve Control of Your Finances - Five Keys to Personal Budgeting


Personal budgeting is a mental game. One way to play and win is to train yourself to run your life like a home-based business. Consider the cash you carry in your pocket much like a petty cash account entrusted to you by your employer. You need to maintain a level of accountability over even your most trivial purchases. Do you pay for services out of convenience or necessity? For example, you can't easily do your own dry cleaning but you can reduce the bill! You can also take the car to a do-it-yourself car wash, do your own gardening, shovel your own snow, and file your own personal income tax return.

If you were running a business, you would typically expect "your money's worth" from an employee. You would expect accountability. Why not apply these same standards to your own day-to-day personal affairs?

1. Track your spending (recording what, when, where, and why) and teach yourself to save money on a transaction by transaction basis rather than by setting an abstract daily, weekly, or monthly goal. Focus on impulsive spending habits AS THEY OCCUR rather than on a vague "dollar" goal you want to save over a period of time. Disciplined behavioral patterns of individual spending provide a better foundation for long-term financial habits than an end-of-day/week/month accounting of cash.

2. Look for specials price offerings in your local newspaper. Avoid any form of media that encourages impulse buying like, for example, television infomercials or celebrity endorsements. Always comparison shop. Save money by avoiding retail priced goods. Buy irregular or 2nd hand items and clip coupons for discounted rates or rebates whenever possible.

3. Avoid browsing shopping catalogs especially during major holiday seasons like Christmas, Valentines Day, Mother's Day and Father's Day. While buying gifts for loved ones is difficult, decide whether to make personal purchases based on your "needs" rather than your "wants".

4. The admonition to never go food shopping on an empty stomach is worth consideration. Similarly, discourage yourself from immediately buying an item you have just seen by putting some measure of time between the first encounter and the final purchase. If you feel the urge to buy something while shopping in a store; walk outside and around the block before you decide to return and part with your cash.

5. Cook your own meals rather than eating out at restaurants or on the road. Avoid take-out or fast food services because even they are typically more expensive than shopping for and preparing your own meals. Minimize your travel and entertainment expenses especially when there are cheaper alternatives for having a good time.

Personal budgeting is more than just adding numbers; it is a mental game of discipline and self-control. Reduce as many expenses related to unnecessary purchases and services as possible. Consider maintaining a budget as an opportunity to take control over your money and teach yourself to run your life like you are running a home-based business!








Phillip Schein is an author and consultant specializing in key areas critical for successfully running a home-based or small business. Phil's background is in Ecommerce, accounting and information technology where he has spent over 15 years in various levels of corporate management, as a business consultant, and a corporate trainer. He has published several technical books. Originally from New York, Phil now lives in Las Vegas, Nevada because he enjoys the warm weather. One of his current business websites is http://www.runningahomebasedbusiness.com You can contact him through his business website http://www.rainorshinesoftware.com


Effective Motivational Skills For Today's Managers - Life Lessons


Preview

Motivated employees will work more effectively in their jobs and do more to further the bottom-line objectives of a company than unmotivated employees. As a manager, you are in a position to increase the motivation of your employees. This basic managerial skill training in motivation will enable you to become a more effective manager for yourself, and for your company. You will learn how to handle motivational problems, which will help you gain 100% effectiveness of your employees.

What Should You Expect From This Article

As you know, motivation is a complex issue. Many psychologists and researchers spend their entire life investigating people's motivation to perform. Similarly, there are many books currently out in the bookstores promising to give us the secret for "getting others to do what we wish."

There are many theories of motivation; and different techniques to solve motivational problems. Rather than attempting to review all these theories, the purpose of this module is to look at six common motivational factors which will make the difference between employees who are motivated and employees who exhibit motivational problems. We will use only as much "theory" as needed to gain basic understanding of each motivational issue. Primarily we will discuss what you can do to solve the motivational problem.

Learning Objectives

Upon completion, you will be able to:

o Recognize what types of employee behavior problems are motivational issues and which are not.

o State in simple language what is the real motivational factor behind different types of problems encountered as a manager and what you can do to correct each problem.

o Apply appropriate steps or response to resolve the motivational problem.

o Motivate average and above average performers to perform even better.

Training Format

This article is designed to do more than just give you information on motivation. Rather, it is set up to teach you skills which you can apply in your day to day jobs.

This will be accomplished by the use of exercises that require your involvement. Active participation will enable you to learn "what to do and how to do it," better than passively sitting back and being an observer. Keep this in mind as we proceed.

Manager's Methods Motivate

Many management experts agree that the key to employee morale and motivation is the quality of supervision they receive from their supervisor. It is for this reason that most businesses invest much time, energy, and money in the selection of their managers followed by in-depth training. In fact, this information is designed to assist you, the manager, in developing methods which have been "proven" to produce the highest possible motivation in your employees.

Who Is Responsible For Motivation

Managers share the responsibility in motivating their employees with the individual employees themselves. The manager is 100% responsible for establishing a motivating climate in which the employee works. The employee is 100% responsible for taking advantage of the motivating climate to perform the best they can perform.

Detecting Motivation Problems:

Focus On Behavior

Motivation is not something that we can directly see. That is the major reason why it is so complex. Instead, we observe a situation and notice that some action, tasks, or behaviors that should have occurred, have not occurred. Frequently, we call this a "motivation problem."

Like a detective, we must be aware of clues which hint of a "motivation problem" in an employee. These clues are behaviors.

Focusing on behaviors has several advantages:

o Behaviors are observable; they require only our attention-not complicated psychological analysis.

o Behaviors are objective; they are not easily open for mis-interpretation.

o Behaviors are measurable; we can count how many times a certain behavior occurs.

o Behaviors are specific and concrete; not abstract like the concept of motivation.

Begin by asking yourself, "What is he not doing? What behaviors, actions, or tasks should she be doing?" Be as specific and precise as possible. "He is not doing it the way he is supposed to" or "she is not committed" or "she has a bad attitude" are not specific behaviors. State the problem in terms of behavior.

Behaviors That May Indicate A "Motivational Problem"

As we have said, instead of focusing on the abstract and complex concept of motivation, go right to the behaviors from which we suspect the "motivation problem."

Motivation problems can be suspected from such behaviors as:

o Reduced quantity of work output.

o Reduced quality of work output.

o Extended lunch and break times.

o Frequent tardiness.

o Frequent absenteeism.

Motivation Worksheet 1 - (Take a few minutes to answer these questions.)

1. What behaviors indicate "a bad attitude" or "no commitment" in an employee?

2. Think of a particular unmotivated employee that you currently know or have known in a previous position or job. What specific behaviors did this person exhibit (or not exhibit) that leads you to believe they have a motivation problem?

3. List behaviors that you demonstrate when you are feeling unmotivated to do a task?

Selecting "Motivated Employees"

It makes our job of motivating employees much easier, when we start with employees who are "highly motivated." In other words, motivation comes easier. when we have the "right person for the job." The "hiring of motivated employees" is a selection decision. Make sure you identify the job-related skills a candidate possesses by thorough questioning. In this way, the job skills an employee possesses can be matched with the job skills required for success on the job. When a match occurs, we can feel confident that the person is the best candidate for the job.

In fact, a job candidate that was motivated to learn these key identified job-related skills in the past, will be motivated to use them, and learn additional skills, in the future. All personnel selection decisions are based on the theory that how a person performed in their past job predicts future job performance in a similar job-a job candidate motivated to perform in the past will most likely be motivated to perform in a similar situation in the future. Aim to improve motivation among the workforce by selecting job candidates who demonstrate job-related skills required for success with your company. The selected employee whose job matches their skills will show motivation to do a good job, a greater liking of their job, and a longer stay at their job.

Motivation Worksheet 2 - (Take a few minutes to answer these questions.)

1. Think of a position which you manage. Focus on the job, itself. List the job-related skills for this position. In other words, when interviewing to hire a candidate for the job, what skills should the candidate possess to be successful on the job?

2. In an interview, what might a job applicant say or do to indicate high motivation?

3. List two to three questions that would allow you to test their motivation level?

Training for Success

Training teaches people new skills, new procedures, or new information. It does not directly teach "motivation." However, training accomplishes something more-maybe a little harder to see-but still extremely important. Training can give an employee the ability to be successful. Employees who show signs of lack of ability can be taught how to perform correctly. Ability produces success. Success is a large motivator. Success breeds more success. Success produces pride of accomplishment; it fuels ambition; it increases personal goals; it increases performance.

Remember: Training produces successful performance and success motivates.

We must look at the problem behavior and decide whether the employee has the ability to do the task. Examine the ability of the employee. Ask yourself: "Does the employee have the knowledge or the skills to complete the task or job successfully?"

Consider the following about the employee:

o Prior work experience.

o Job related skills.

o Completed any of your company supported training programs.

o Special instruction, coaching, or tutoring.

A person with low ability, can be taught, trained, and coached to perform successfully. Once they feel that "good feeling of success" and all that comes with it (pat on the back, acknowledgement, and pay increase), their motivation may increase.

Be advised though, that there are two problem situations you can run into. First, some employees may require so much extra training, teaching, coaching, and tutoring before they attain some success that it requires more on your part than you can realistically give. In this case, you might have to realize that the employee "lacks too much" and other action is required.

The second problem situation is that some people who receive training and accomplish successful performance may still not show an increase in motivation. This can be due to other reasons which we will soon explore. Training is only one of many factors which play a part in motivating employees.

Remember: While training does not guarantee an increase in motivation, it can pave the way for greater motivation.

Motivation Worksheet 3 - (Take a few minutes to answer these questions.)

1. List specific behaviors which indicate poor motivation in an employee you manage.

2) Does the employee have the knowledge or skills to complete the tasks or job duties successfully?

3) What training programs currently exist that can teach, train, and coach the employee to perform successfully?

4) What existing employee could you have them work with to improve their performance in weak areas?

Motivation Through Communication and Goal Setting

Communicating what we expect from our employees and setting appropriate goals for which they should strive plays a big part in their motivation.

In order for employees to do a good job, they must know what it is they are expected to do. This direction comes from you, the manager. The manager has the responsibility of telling the employee in specific, concrete words:

o What should be done

o When to do it

o Where

o How, to proceed step-by-step

o Who else is involved, why it is important, etc.

The manager knows what constitutes a "good job;" ask yourself if the employee has the same understanding of what would be a "good job." When an employee thinks that he or she has given 100% while the manager thinks that the employee has only given 60%, the problem is not motivation; it is communication.

To determine if the problem behavior is a result of a breakdown in communication, the manager must ask herself, "Did I talk to the employee about my expectations?" That is, we as managers must determine whether we discussed objectives, duties, responsibilities, deadlines and performance. (How we communicate is an entirely additional, yet related, matter that will be addressed in the Communication Skill article). It can be difficult to look at our own behavior as managers, but we need to discover if we have contributed to the problem.

Not only must you, as a manager, tell the employee what needs to be done, but you must also make sure the employee understands your directions as you intend them.

An effective manager accomplishes this by:

o repeating directions

o Cclarifying instructions

o Demonstration

o Checking for understanding

o Observing progress

o Double-checking

o Follow-up

Remember: Good communication prevents misunderstandings and paves the way for employee motivation.

Goal Setting

There is one particular type of communication that has been repeatedly shown to be effective in improving employee motivation. This is the communicating of goals or objectives.

A goal or objective is simply a task we are attempting to accomplish. Goals direct our behavior. They help us follow a straight-line course to our ultimate objective. They prevent us from being like leaves being blown helplessly by the wind.

Goals and objectives foster motivation. We see the progress we are making toward our goal. We feel we are getting somewhere. Without goals, it is not always clear when we have been successful. Goals serve as a yardstick by which to measure our accomplishments.

Some objectives are too broad in scope to strive for directly. For example, to increase profits is a difficult goal to tackle all at once. Large scale goals need to be broken down into intermediate goals. Even intermediate goals sometimes require smaller goals that can be accomplished in a shorter amount of time.

A goal should be (using SMART acronyms):

o Specific: it should include who, what, where, when and how built into it.

o Measureable: progress toward the goal should be recorded frequently.

o Attainable: it should be reasonable and realistic; there should be a very good certainty of accomplishing it.

o Realistic: should also pass the reasonable and realistic test.

o Timebound, set and agreed to mutually developed: the highest motivation will occur when the employee plays a part in setting the goal, together with the manager. The employee should have input setting the goal.

Motivation Worksheet 4 - (Take a few minutes to answer these questions.)

Think of an employee that has a motivation problem. Focusing on the employee's behavior, write 3 goals for the employee to attain that will bring his work performance "up to par".

1)

2)

3)

Motivation Through Appraisal and Feedback

One of the most powerful ways to change the motivation of an employee is to appraise how he is performing his job duties and then to feed this information back to him.

I suggest you use two separate systems to provide employee appraisal and feedback. The Employee Performance Review (by whatever name you call the form) evaluates the job performance of individual workers in terms of pre-identified objectives and clearly notifies the employee "how they have done" in achieving these objectives. The Progressive Discipline System (by whatever name you call the form) also evaluates the job performance of individual workers in terms of job expectations and then clearly notifies the employee "how they have fallen short" in working up to these expectations. Although Employee Performance Review emphasize positive performance while Progressive Discipline emphasizes undesirable performance, both work in exactly the same way: they provide feedback to the employee on how they are doing in reference to a standard.

This can produce motivation in an employee. First, it communicates to the employee exactly, "where he stands," and secondly, it points to what type of coaching, counseling, or information the employee requires to get to "where he wants to go or sometimes must go."

Appraisal and feedback systems are ways to tell the employee that "she is on the right track." If not where they should be, this in itself often provides the motivation to self-correct and "get back on track."

Both of these programs are made even more powerful and hence motivating by the consequences attached to them. The result of a "favorable" performance appraisal can mean an increase in salary-a very definite motivator for some people. The result of an "unchanged" progressive discipline report can mean suspension or even separation of employment, a very definite motivator in the sense that employees will work to avoid the negative consequence.

Remember: Appraising employee performance through Employee Performance Review or Progressive Discipline and feeding back to them the results motivates by "pointing the employee in the right direction"

and "making clear how far they must go."

Motivation Worksheet 5 - (Take a few minutes to answer these questions.)

1) Think of an employee you manage who did not perform to your performance standards on a specific task.

2) What was the desired performance?

3) Describe the feedback you should give immediately upon completion of the task so the employee "gets back onto the right track".

4) How would you "point the employee in the right direction" by using an Employee Performance Appraisal or Progressive Discipline?

Motivating Work Assignments

Ideally, the work itself should be highly interesting and hence motivating to the employee. This is partly determined in the selection process where job candidate's skills and interests are assessed and compared to the requirements of the job. When delegating tasks be sure to consider the skill level of the parties involved, the needs of the job, etc. as well.

Even after a job candidate is hired, placement of the employee into a specific work assignment can foster or stifle motivation. For example, a stereo buff would be more highly motivated to sell stereos or other electronic products than draperies.

Employees can have different preferences in many ways:

o Some employees may prefer a large variety of different job duties whereas others may prefer only a small set number.

o Some employees like to face challenge and complexity within their job whereas others may prefer the simple or routine.

o Some employees may prefer to work independently, apart from others, whereas other employees prefer to work in an area with other employees.

o Some employees may prefer to work on tasks where they can receive instant feedback on their efforts, whereas others may not require such instantaneous and continuous feedback.

The point is that you can increase the motivation of your employees if you can match their need for different degrees of autonomy, variety, challenge, complexity, and feedback to the available work assignments. To the best that you can, tailoring the work assignments to the employee's primary needs and abilities, will result in a higher level of performance from that employee.

This is not to suggest that you should bend to every desire of an employee.

Meeting an employee's individual interests on the job will help that employee like their job more. They in turn, will be more willing and motivated to help the manager achieve bottom-line objectives. When both get what they respectively want, then a win/win situation exists. The manager wins because he will have a motivated, effective employee; the employee wins because his needs are met.

When an employee knows he is benefitting, he will be motivated to perform better. If an employee gets to do parts of his job that he likes to do, then the employee will be more willing to do those things that have to be done as well.

See what your employees would like to gain from their employment besides money. Ask, "What else does this employee want from his job here." Some answers might be:

o "A good recommendation for future jobs."

o "A chance to learn firsthand about the world of business before going to college and studying business."

o "An opportunity to learn skills like cashiering, customer service, selling, or management, etc."

o "A chance to get out of the house and be around people like other employees and customers."

o "To be aware of the latest market trends, fashions - wanting to be first to see what's new."

To meet people's interests and thus produce greater motivation, a certain amount of compromise and negotiation must take place between a manager and employee. It is difficult to balance the needs of an employee and those of a manager, who is trying to fulfill their company's bottom line performance, but compromise and negotiation gives the manager some control to accomplish both at once.

Motivation Worksheet 6 - (Take a few minutes to answer these questions.)

List the names of employees you manage under the type of work assignment which would motivate them to perform best.

Task Variety versus Set Types of Tasks

Challenge and Complexity versus Simple and Routine Tasks

Independent Tasks versus Working as part of a Group

Tasks which produce instant feedback versus Tasks which produce delayed

feedback.

Do the actual assignments of your employees regularly include the types of assignments most motivating to them?

Rewarding Good Performance

One major reward an employee obviously earns through their work performance is their paycheck. Financial compensation for doing a task is as old as the institution of gainful employment. There has been a development in recent years, however, of a new system of rewarding employees that affects their motivation to perform. This is the concept of paying for performance.

The idea behind paying for performance is simple. Most people, including managers, have the belief that if I do this, I deserve to get that. If I do twice as much, then I deserve to get more in return. What we receive, we say we have earned.

One of the most common examples of a pay for performance system is tipping. The waitress knows that her performance directly affects the tip she will receive. If she does a good job, she can be reasonably sure that she will receive a tip. She also knows that if she does an outstanding job she will merit a larger tip than if she just does the bare minimum.

The employee can feel that their work performance will be rewarded on the basis of merit due to the performance appraisal system. By their performance, they can affect their financial rewards. If they fail to meet their objectives, they won't be compensated as much as if they had met their objectives. If they work hard and exceed their objectives, they will be financially rewarded for the effort; and if they perform extremely well and clearly exceed the objectives, they will receive, or rather have EARNED, a proportionately large pay increase to reward their behavior.

Employee Performance Review is designed to measure performance against a standard so that the quantity and quality of job performance can be reliably determined. It serves as the vehicle for determining merit pay increases.

How To Make A Merit System Motivating

Employees must be aware of the system; that their work performance can earn them additional rewards. They must believe that it is realistically possible for them to earn the rewards. They must believe the system is fair; how much extra they earn needs to be worth the extra performance they "put out." As a result of informing employees of the connection between their job performance and available rewards, they:

o Develop a "winning" mental attitude.

o Set their own high performance goals.

o Increase their performance level.

In order to produce "highly motivated" employees, it is extremely important to pay attention and to actively play a part in influencing rewards for employee's performance. As manager, you have control over these consequences.

Although financial compensation is the primary reward, you are making a serious mistake if you believe that this is the only reward that is important to an employee. Money is not a dependable motivator. In fact, it is true that:

o For some individuals, money is not motivating.

o When employees have the inaccurate perception that only small merit increases are available, money loses its power to motivate.

o Money may motivate just before performance appraisal time, but it can also have no effect on performance the prior eleven months.

In contrast to money, all of the following rewards for performance are extremely dependable:

o Sense of Achievement Recognition of a "Job Well Done"

o Greater Responsibility

o Advancement/Promotion

o Increase Status in Eyes of Others

o Personal Growth

o Appreciation/Thanks by Manager

Any of these can be used in addition to money to reward performance. Each of these rewards can be delivered by you, the manager, in less than 30 seconds. And, they have the advantage over merit increase of being available every day. They cost you nothing-they give you a powerful tool to increase other's motivation.

All it takes is a statement like:

"Joe, you should feel really proud over obtaining a sales volume like you did this week." (Sense of Achievement)

"Sally, I noticed that you did an excellent job helping customers today, especially since you were covering more than one area." (Recognition of a Job Well Done)

"Bob, you have done so well with the routine duties, I think you're capable of handling some responsibilities of a larger nature. How would you feel about becoming responsible for .... ?" (Greater Responsibility)

"Lisa, even though your performance appraisal is more than 5 months away, I want to tell you that you're accomplishing so many things that I'm considering some type of promotion for you, if you keep this up." (Advancement/Promotion)

"I want to announce to everybody at this meeting that Tom has been doing an outstanding job and is a top-notch worker." (Increase Status in Eyes of Others)

"Jane, since you've started, you have really learned the relationship of mark-up to gross margin." (Personal Growth)

"Gary, I really appreciate you doing this. Thanks a lot." (Appreciation/Thanks by Manager)

Motivation of people will be seriously affected, if the consequences of performing is punishing or "makes no difference." When an employee who is working the best they can receives penalties, insults, humiliation, boredom, or frustration, he or she will begin to avoid doing the work and will quickly demonstrate "poor motivation." Few people seek out painful experiences. Thus, if you know that an employee is not working "up to par," explore whether the employee received a negative reaction for doing so. Ask yourself, "is there a negative consequence for doing a good job?"

Conclusion

Motivation is a complex issue. Rather than attempting to investigate motivation in its complexity, this basic management skill training reviewed six common motivational factors which make the difference between employees who are motivated and employees who exhibit motivational problems.

In reality, high levels of motivation are produced by a combination and interaction of these six factors, not by any one factor acting alone.

"Motivated employees" selected for the job will be easier to train; more receptive to communication and feedback; more interested in their work assignments; and more effective performers who will merit reward.

Employees "trained for success" will learn to communicate better; use feedback constructively; and perform their work assignments more efficiently which may increase their interest. All of this in turn, may result in a high level of performance that would merit reward.

Clear communication and goal setting goes hand-in-hand with the objective setting procedures of performance appraisal; aids the learning of new, more interesting, work assignments; and promotes goal attainment which is rewarded.

Appraisal and feedback can bring out the employee's feelings and interest in the work assignment and serve to reward behavior which merits reward.

Assigning "motivating work assignments" enables the employee to meet his interests and needs which will usually result in quality work that merits reward.

Motivated employees will work more effectively in their jobs and do more to further the bottom-line objectives of a company than unmotivated employees. There are six important and necessary factors that need to be considered in improving an employee's motivation to perform. By using the theory and recommendations presented in this article, you can be confident that you will be able to successfully motivate your employees. In addition, you will be incorporating a valuable skill into your managerial repertoire.

Remember, in order to motivate others, you must be Motivated yourself! Have fun, make a ripple...








Chuck Ainsworth, aka The Origami Warrior is a visionary writer who enjoys learning new topics and putting them into easy to understand terms. He brings 30 plus years of Senior Management experience and provides the insights needed to help others reach peak performance by improving their basic Management and Leadership Skills. He currently writes about topics he loves that include: Origami, Origami Warrior Wisdom, Motivation, Training, Management Skills Development, Leadership, Life Lessons, Core Values, Internet Marketing, Social Media, Life After Death - How To Overcome Life Changing Events and more. A published author who loves family, pets, community. While he has spent much of his life traveling, he now enjoys a much simpler life, living in his home town on a small quiet private lake with his family. Follow his Origami Warrior Wisdom daily quotes follow me at http://twitter.com/ChuckAinsworth to get my tweets and be sure to check out other Life Lessons at: http://origamiwarrior.com


Sleep Well & Live Full - A Guide to an Insomnia Free Life


An integral part of our life structure is a good night's rest at the end of the day. Regardless of how the day was spent, the hours we invest in our sleep determine our energy levels, alertness and mood for the following day. The negative side-effects of not getting enough sleep or being deprived of a blissful session of it can be devastating. This is not necessarily due to the lack of sleep itself but mainly due to how many perceive the lack of sleep to affect their daily lives. One of the main reasons for this is that at one time we've been told time and time again, that 8 hours of sleep is a primary requirement to be revitalized and recharged for the following day; but nothing could be farther from the truth.

According to a recent study conducted at the Harvard Medical School, it was determined that each of us needs no more than three and a half hours of core sleep to make a full recovery in order to cope with another day's activities. In fact a recent survey proved that those who got by with just 7 hours of slumber lived an average of 10 years more than those who chose 8 hours or more of intoxicating sleep.

And this is easily attained even by the most extreme insomniacs during a long session of 'restless' sleep. Even a majority of the typical headaches reported by insomniacs are mainly triggered by the individual's response to the situation, rather than the sleep deprivation itself.

With well over 60% of all Americans being exposed to insomnia at one stage of their lives or the other, it's no surprise that the pharmaceuticals are bringing in even more drugs to provide 'temporary' relief to a condition that can never be ousted through the use of medication. In fact, what every single drug ever introduced to tackle insomnia has done is to create a dependency that many have got accustomed to living with. And contrary to claims made by certain drug companies, there is no such thing as a "side-effect free" sleeping pill.

Some believe that sleep plays a vital role in maintaining a sound immune system, but the immune system is actually strengthened through rest, relaxation and the stress alleviation attained during the sleep process. But the two can be interchanged in such a way that sleep can be attained through the management of stress itself. This may be easier said than done, but if we can dramatically take control of our stress factor and keep it in check throughout the day and combine it with a few lifestyle enhancements, sleep would be just a few sweet hours away from sundown.

By denoting a more relaxed lifestyle, I don't mean cutting down the volume of stress related situations and encounters in your daily life, but rather changing your response to any given situation. Let's start with the way you breathe. It's a common sight these days for many of us to develop the habit of breathing with our chests for the most part. Chest breathing involves shallow diaphragmatic breathing, which can over time even lead to heart related conditions. We can easily change this by always breathing in deep and breathing by inflating the stomach freely as we do. And if ever you are faced with a stressful situation, all you simply have to do is replace your immediate and instinctive response with a few deep breaths, whereby you focus solely on your breathing and how it feels as it invigorates you with every inhalation.

You can expand your experience further by placing number 'one' at the beginning of each inbreath, which develops a sense of calmness and self-control. This instantly breaks your normal reactive pattern and replaces it with sustainable empowerment to process a more rational and less emotional response. This technique can be applied to your dealings with others, yourself and just about all your endeavours.

For instance, if you receive an unexpected bill or a financial statement that is not in your favor, you must be sure to do the breathing exercise first and then reframe the situation with a positive statement such as "it's a good thing I received that bill today. It could have been worse if it happened next month" or something along those lines. Find the good in every situation, even when there doesn't seem to one. Recalling a time in your life where setbacks have served you as diamonds in the rough may help with the process. This breathing exercise is referred to as the relaxation response.

The relaxation response is something that must be practiced on a daily basis and throughout the day if possible, but more importantly you should set aside a fixed time allotment of at least half an hour each night prior to bedtime, as this will help you cleanse your stress inducing thoughts and prepare you for a good night's sleep. But bear in mind that overcoming insomnia is not an overnight process. It may take a few days to a few weeks. But the process can be accelerated by incorporating the following few suggestions:

For starters, don't use the bedroom for anything other than rest, relaxation, intimacy and sleep

Avoid being exposed to bright lighting after 6pm

Try to allocate 1 hour each afternoon between 2-4pm (no later) for a quick nap

If you are a smoker, it's best to find a different self-help article or an audio recording to overcome the habit as this alone could prevent you from ever regaining the freedom from insomnia. Nearly all high nicotine consumers suffer from Insomnia at one stage or the other

Alcoholic drinks may have a similar effect and it is wise to limit your drinks to ? a pint of beer or a glass of wine/champagne at the very most a day

Avoid doing anything work related or money related at least an hour prior to sleeping

If you should wake up during the middle of the night, it's best to just get up and do something relaxing and mundane for an hour or so prior going to bed such as reading a book

Always repeat the mantra "This too shall pass" if you are finding it difficult to sleep knowing full well that all you actually need less sleep that you thought

Get used to deep breathing and expanding the stomach generously rather than breathing through your chest as mentioned before

Exercise for 30-60 minutes aerobically every single day first thing in the morning. This not only guarantees longevity and a stronger immune system, but it also flushes out any side effects that may be related to a restless night's sleep and it also lets you function at your peak all day long. A cup of strong coffee to follow might help quite a bit too (bearing in mind not to have any after 12 noon)

Embrace the sunshine. One of the great benefits of exercising in the morning is to get a good deal of exposure to the sun. It need not be a sunny day, even a little bit of natural lighting will benefit you tremendously. You can also replace some of your indoor lighting with Daylight simulating photography bulbs.

Avoid peanuts or chocolates just before going to bed. A small snack like an apple, a few crackers and possibly a glass of warm milk might help you sleep better.

Use earplugs if you desire to soundproof your sleep. Background noise and other forms of interruptions can have more of an impact on your sleep that you would have imagined.

Don't drink too much water closer to bedtime. You need to avoid interruptions to your sleep as much as possible, and limiting your fluid intake near bedtime would no doubt minimize those unnecessary detours

Never take fizzy drinks or caffeine of any form after 12noon on any day whether or not you had a good night's sleep the night before.

Challenge your brain a little everyday. A brain stimulating activity such as reading a non-fiction book. writing or even playing a musical instrument will gear you up ever so closer to that insomnia free life

Determine is specific time to go to sleep and a specific time to get up each morning and make no altered preferences for the weekends

There's also quite a few books out there on the subject of insomnia that you can greatly benefit from whilst the principles mentioned above to overcoming insomnia will suffice for many. They will ensure you reach your goals in a more structured manner whereby you'll be able to track your progress on a daily or weekly basis. You might also benefit significantly by getting the relaxation response on audio format as it provides a more detailed accounting of the breathing techniques.









Five Habits to Begin Taking Control


Enthusiastic affirmative thoughts enables people with ADD to concentrate on our strengths and actions,that increases happiness and motivating yourself. This, in turn, enables us to consume extra time making improvement,and fewer time feeling depressed and having difficulties.

The subsequent suggestions give no-nonsense tips that you will be able to exercise and assist you to change your thought into more optimistic thinking patterns:

1. Take Good quality Care of Yourself. It is a lot less difficult to live positive when you are eating healthy, working out, as well as getting sufficient rest.

2. Be reminiscent of the Things You Are Thankful For. Anxiety and problems never appear quite as dire when you are frequently reminding yourself of the things that are fine in life. Taking merely 60 seconds a day to stop and be pleased about the good things will make an enormous difference.

3. Search for the Evidence Instead of Making Assumptions. A panic of not being loved or acknowledged at times brings us to believe that we know what people are thinking, although our worries are mostly not reality. If you give rise to a fear that a colleague or family members unpleasant mood is due to something you did or that your co-workers are gossiping just about you in secret once you turn your back, have a word with them and ask them. Never squander time worrying that you did something incorrectly except if you possess evidence that there is something to worry about.

4. Refrain from Using Absolutes. Have you endlessly advised a companion "You are ALWAYS late!"or else complained to a pal "You NEVER call me!"? Thoughts and words in absolutes similar to 'always' and 'never' makes the circumstances appear worse than it is,plus programs your mind into believing that some people are incapable of delivering.

5. Detach From Unhelpful Feelings. Your thoughts can not have in the least control over you if you do not assess them. If you become aware of yourself developing a depressing idea, detach from it, witness it, then never pursue it.








Star Toller is an expert in the self improvement field,not only self motivation, but lifestyle guides. You can also see her new website on gas hedge trimmer and pole hedge trimmer products and supplies with reviews and quality information.


Monday, 29 November 2010

Managing Turnarounds in Times of Crisis - Phases and Actions to Accelerate the Recovery Process


There is plenty of trouble in today's economy, and few industries have been spared hardship. Turnaround opportunities abound for those who have the knowledge and fortitude to go through the process. The rewards can be plentiful and the failures catastrophic.

The process of turning around a troubled entity is complex and made more difficult by the multiple constituencies involved, all having different agendas. Lenders want their invested capital returned, preferably with interest. Creditors want to get paid for goods and services. Original investors want and hope for recovery of their capital, while distressed investors want to buy in at 20 cents on the dollar and then turn a profit, some by trading the credit and others by turning the business positive and then selling. Owners want to avoid guarantees and recoup some of their equity. Employees want to retain their jobs and benefits. Directors want to avoid risk and litigation. Other stakeholders want their interests protected. These varied desires often can be at odds with one another and hamper the turnaround effort.

Let's address the turnaround process as if all constituents favor proceeding through to the end, when a restructured entity emerges, although clearly other scenarios can be envisioned.

The High Cost of Mismanagement

Many causes contribute to business failure. According to a study conducted by the Association of Insolvency and Restructuring Advisors, only 9% of failures are due to influences beyond management's control and to sheer bad luck. The remaining 91% of failures are related to influences that management could control, and 52% are rooted in internally generated problems that management didn't control.

Businesses fail because of mismanagement. Sometimes it is denial, sometimes negligence, but it always results in loss. Mismanagement is most often seen in more than one of multiple areas:

* Autocratic management and overextension.

* Ineffective, non-existent communications.

* High turnover and neglect of human resources.

* Inefficient compensation and incentive programs.

* Company goals not achieved or understood.

* Deteriorating business and lack of new customers.

* Inadequate analysis of markets and strategies.

* Lack of timely, accurate financial information.

* History of failed expansion plans.

* Uncontrolled or mismanaged growth.

Will Rogers said, "If you find yourself in a hole, stop digging." It's good advice for directors and managers with responsibility for leading a company and very good advice for lenders and investors contemplating investing more capital into a troubled entity. This is an opportunity for distressed investors having the "dry powder" to invest at bargain rates, the stable of leaders to affect a turnaround, and the knowledge and chutzpah to take on these challenges.

The Role of Turnaround Specialists

To engineer a successful turnaround, a company needs someone with clear thinking to quickly assess opportunities, to determine what is wrong, to develop strategies that no one has tried before, and to implement plans to restructure the company. The problems are rarely what management indicates they are, but rather are usually two or three underlying, systemic ills that often can be fixed. You can't focus on the symptoms; you must find the real causes. Management has allowed these problems to exist and bring the company to its depressed state. Therefore, management is not equipped to manage the turnaround.

When these circumstances are present, turnaround specialists are often an excellent choice. They bring a new set of eyes trained in managing and advising in troubled situations. These experts are either practitioners or consultants. Turnaround practitioners take management and decision-making control as chief executive officer or chief restructuring officer. As an alternative, turnaround consultants can advise management, perhaps the same management that failed before.

Businesses fail

because of

mismanagement.

Sometimes it is denial,

sometimes negligence, but

it always results in loss.

The key to turnarounds is building enterprises in which future buyers want to invest. Investors and buyers look for businesses that:

* Create value and exhibit consistency from period to period.

* Have a high probability of future cash flows or have a history of performance and improvement or the promise of cash.

* Possess a market-oriented management team with a focus on producing revenue.

* Are able to sell and compete; to develop, produce, and distribute products; and to thrive and grow as indicated by a track record or demonstrated changes in the right direction.

* Exhibit a fair entry valuation and realistic return potential.

* Have exit options (a high return on investment, or ROI, realized at time of resale).

There is a process of recovery and investment in a turnaround. It is based on the fundamental premise that management is lacking when companies are in trouble. Turnaround specialists must conduct fact-finding to assess the situation and then prepare a plan to fix the problems. They must implement the planned courses of action by funding the process and building a team to carry it out, then monitor progress and make changes where necessary.

Stages in the Turnaround Process

The turnaround process has five stages:

* Management change.

* Situation analysis.

* Emergency action.

* Business restructuring.

* Return to normal.

Let's look at each stage individually to understand the objectives and what should be done by each function within the company. The timing is important to coordinate what's happening between functions. Stages can overlap, and some tasks may impact more than one stage.

The process is designed to first stabilize a situation, which is done by addressing management issues, assessing situation, and implementing emergency actions. The restructuring process begins with preparations during the emergency action phase. Positioning for growth starts with restructuring and grows when the normal stage is reached.

Management Change

It is very important to select a CEO who can successfully lead the turnaround. This individual must have a proven track record and the ability to assemble a management team that can implement the strategies to turn the company around. The best candidate most often comes from outside the company and brings a special set of skills to deal with crisis and change. His or her job will be to stabilize the situation, implement plans to transform the company, and then hire a replacement.

It is essential to eliminate obstructionists who may hamper the process. This move could require replacing some or all of top management, depending on the deal. It will undoubtedly also mean replacing some of the board members who did not keep a watchful eye.

Management must address issues related to the major stakeholder groups: executives, function managers, employees, lenders, vendors, customers, and others. To accomplish a turnaround, a company must make a concerted effort to change how it operates. Most turnaround companies have a lack-of-sales problem that necessitates a change to jump-start sales and drive revenue. There must be information that all can rely on for decision making. Production management must support and make what the market wants to purchase at competitive prices. Management must nurture the critical human capital resources that are left within the company, while at the same time holding them accountable for results.

Changing management is synonymous with changing the philosophy of how a company is run to achieve results. Communication with all stakeholders is paramount throughout all stages of the process. Set goals that achieve stakeholder objectives, then apply incentive-based management to motivate the proper results. Tie everyone to the same broad set of goals and emphasize how functions can complement the performance of related departments.

Situation Analysis

The objective at this stage is to determine the severity of the situation and whether it can be turned around. Questions to ask include:

* Is the business viable?

* Can it survive?

* Should it be saved?

* Are there sufficient cash resources to fuel the turnaround?

This analysis should culminate in a preliminary action plan stating what is wrong, how to fix it, and which key strategies can turn the entity in a positive direction. There should also be a cash flow forecast (at least 13 weeks) to understand cash usage.

Identify effective turnaround strategies. Operational strategies include increasing revenue, reducing costs, selling and redeploying assets, and establishing competitive repositioning. Strategic initiatives include adopting sound corporate and business strategies and tactics and setting specific goals and objectives that align with ultimate stakeholder goals. Too often, goals are misaligned with the ultimate direction and lead to confusion, wasted time, false starts, and employees sent in the wrong direction. Understand that many of the good employees have already left the company. Managements have to work with the "second string" in the interest of time and build as they go.

Understand the life cycle of the business and how it relates to the chosen turnaround strategy. Document key issues so that all parties will understand what you are trying to accomplish and will pull in the same direction. Identify which product and business segments are most profitable, particularly at the gross margin level, and eliminate weak performers and nonperformers. Make certain that all functional areas are working to support the goals of their counterparts. Selling work with flexible delivery times can fill valleys in production cycles, which reduces costs per unit. Producing only what sales staff can sell to meet customer demand will increase sales and gross margin.

Turnaround strategies often are affected by local government policy considerations and regulations. In the United States, the Worker Adjustment and Retraining Notification (WARN) Act requires 60-day notice of massive layoffs, which certainly impacts cash flow. In many countries in Europe and the Far East, stringent rules govern payment of wages after layoffs, as well as dealings with local authorities; some regulations even prioritize which workers can be laid off. When government policy favors labor and employment is not "at will," there will be complications.

Emergency Action

At this stage, the objective is to gain control of the situation, particularly the cash, and establish breakeven. Centralize the cash management function to ensure control. If you stop the cash bleed, you enable the entity to survive. Time is your enemy. Protect asset value by demonstrating that the business is viable and in transition.

You must raise cash immediately. Review the balance sheet for internal sources of cash, such as collecting accounts receivable and renegotiating payments against accounts payable. Sell unprofitable business units, real estate, and unutilized assets. Secure asset-based loans if needed. Restructure debt to balance the amount of interest payments with the level the company can afford.

Lay off employees quickly and fairly. It is much better to cut deep all at once than to make small cuts repeatedly. Remaining employees are more likely to focus if they believe their jobs are secure.

Rightsizing the company means much more than laying off employees. Correct underpricing of products, prune product lines to only those that are profitable and meet demand, and weed out weak and problem customers. Sometimes too much overhead is applied to support customers that aren't paying their fair share of that service. Emphasize selling more product at profitable rates. Reward those who change the situation; sanction or release those who don't.

Business Restructuring

In this stage, the objective is to create profitability through remaining operations. Stress product-line pricing and profitability. Restructure the business for increased profitability and return on assets and investments. This is the point at which the focus should change from cash flow crisis to profitability. Fix the capital structure and renegotiate the long- and short-term debt.

Ensure reporting systems put in place are operationalized to show profitability at each revenue center, cost center, profit center, cash center, incentive center. If employees can't see it, they can't manage it.

Incentive-based management drives employees to get involved smartly and manage to the goals all ascribe to. Create teams of employees to identify and rework inefficiencies and promote profitability.

There are only two ways to increase sales: 1) sell existing product to new customers, and 2) sell new products to existing customers. If you want growth, do both.

Return to Normal

The goal at this final stage is to institutionalize the changes in corporate culture to emphasize profitability, ROI, and return on assets employed. Seek opportunities for profitable growth. Build on competitive strengths. Improve customer service and relationships. Build continuous management and employee training and development programs to raise the caliber of your human capital.

This could be time to restructure long-term financing at more reasonable rates now that the company is stable and on a path to growth.

The odds of a successful turnaround increase dramatically if a turnaround phases-and-actions plan is implemented and followed. Create a plan that is specifically adapted to your unique situations, then turn it around.








John M. Collard is Chairman of Strategic Management Partners, Inc, an Annapolis, Maryland-based turnaround management firm specializing in interim executive CEO leadership in small and mid-sized business, asset and investment recovery, investing in distressed troubled companies, and equity capital advisory. He is an inductee into the Turnaround Management, Restructuring, and Distressed Investing Industry Hall of Fame. He is Past Chairman of the Turnaround Management Association, a frequent author and speaker.(410) 263-9100 http://www.StrategicMgtPartners.com


Five Time Management Tips for Your Home Based Business


We've all heard the saying "Time is money". When owning a home based business that saying rings true every day. In order to effectively run your home business, you must first learn to manage your time between home and office. Here are a few tips to help you take control of your time:

1. Set Your Priorities. Your family, business and volunteer work all are important. But sometimes you may have to make sacrifices in some of those areas to compensate for other areas. For instance, if you volunteer regularly, you may have to cut back your volunteer hours to have extra hours to work on your business. If you are particular about your house, you may have to settle for a not-so-perfect house. Only you know how much time you need to spend in certain areas. It's all about choosing and setting your priorities to what works for you, your family and your home business.

2. Include and Delegate Help from your Family. Your family is part of this journey, too! Sit down with your family and let them know what you are doing and why. Let them know how much you love them and that you are going to be busy starting your new business. Let them know what you expect of them and let you want them to help out around the house. If you include them from the start, they will be understanding and want to help you. By including them in the beginning, they will feel like they are playing an active role to helping your business succeed.

3. Be a Goal Setter. Set daily, weekly, monthly, and yearly goals for your business. Write them down and be accountable for achieving the results you want. By having your goals in writing, you will be able to revisit them and adjust accordingly.

4. Be Realistic and Flexible. We all have grand visions of the perfect home based business arrangement. Let go of it! You have to be realistic and flexible at all times. There will be interruptions, sick children, and various other unexpected events. By setting your goals and realizing you can make adjustments, you will be able to get back on track when you have an unplanned event.

5. Get Organized. Organization is a whole topic to itself! We will just touch on the basics. First, keep one calendar that contains both your business and family events. By recording all your commitments on one calendar, you will be able to keep from having scheduling conflicts. Keep your office as tidy as you can. Always return items to the same place you got them from. Establish a filing system so that you are not rummaging through papers to find what you need.

Time management is essential to a successful home business and a successful family life. By integrating these five tips into your home, you should be able to take back control of your time and move forward to an outstanding home based business!

© 2008, Yvette Mason








Yvette Mason, is a wife to a supportive husband, a stay at home mom to 2 terrific kids and an entrepreneur! She has a beautiful daughter who is 11 years old and a spirited little boy who is 6 years old. Like many other mothers, her family is her focus in life. She has a successful home based business in a network marketing company. Her mission is to encourage and assist other mothers in creating a successful WAHM lifestyle. You can learn more about Yvette and sign up for her E-series at http://www.BeyondTheCandle.com


Make This Your Most Productive Year Ever - 26 Tips


Each year we start the year thinking about our goals, our job, our health, all the 'new' routines and commitments we make to ourself to make this our best year yet... but two weeks into January all our planning and resolution goes out the window! You can make this your best year ever by applying some of these simple ideas (and re-reading this article each year to keep you on track.

Make a date. Make time in your diary to find a quiet, comfortable location to set your goals. I spend a morning at my favourite table in the tearoom of the Sheraton on the Park (a beautiful hotel in Sydney city) in January every year to review my goals and set new ones for the year ahead.

No more New Year's Resolutions! Instead, focus on creating realistic goals for all areas of your life - I call these your top 5.

Take five. Create five categories for which to set goals: physical, educational, spiritual, financial, and relational. By setting goals for each of these areas of your life, you will be taking a balanced approach and not neglecting any important aspects of your life.

Write it. You must write your goals down - it makes them more powerful. Use positive language - words like "I will" and "I am" - this will help you to feel as though you have already achieved your goals and to change your behaviors accordingly, for example, "I am going to the gym three times per week". Make sure you allocate a specific timeframe for the completion of each goal, for example, "By the beginning of March, I am going to the gym three times per week". Now, identify a reward for achieving each goal - don't just make a list of rewards, relate a specific reward to the achievement of a specific goal. This will inspire you even more toward the achievement of your goal. And finally, list the possible obstacles that will get in the way of you achieving each goal, and how you will overcome these. This will help you to pre-empt the things that might go wrong and immediately swing into action with your solution, rather than giving up on your goal.

Review constantly. I have been told that the difference between a millionaire and a billionaire is that a billionaire reads their goals twice a day. Simple really. I keep a copy of my goals in several locations around my house (on the bathroom mirror, on the printer, outside the shower screen, on the fridge, on my bedside table and in my wallet), which makes it easy for me to see my goals and be reminded of what I am working towards several times a day.

Use it or lose it! I recently read - people who spend a thousand dollars or more each year on their personal development will increase their business by 20 percent. Read more books, attend workshops, find a new networking group, listen to tapes or CDs in your car, do online courses or enrol at college or university. Keep your brain active.

Make time. Eliminate time-robbers from your day - make a list of all the things you do that rob you of your time, such as watching too much TV, running errands inefficiently, checking and responding to your email too often, making long phone calls, waiting in traffic and even other people. Focus on controlling your time - organising your day efficiently and getting rid of the things in your life that are not a high priority.

Update your Resume. Make an appointment with yourself for one hour to update your resume. Be prepared. You never know when that job of your dreams might come along or if an internal opportunity becomes available.

Create a paperless desk. Remove all paperwork from your desk: establish files for your projects; reference folders for information you need to access regularly; a reading file for articles, reports, journals and FYI documents; and a daily-file for administrative, miscellaneous and day-specific tasks, and keep these on shelves or in drawers.

Out of sight, out of mind. Remove your in-tray from your desk or get rid of it all together if you can! Keep it out of sight so the contents don't distract you and so that people don't drop new items into it without you noticing.

Hang a 'Do Not Disturb' sign. If you have an actual office with a door, this one is easy. But many workplaces today are open plan and it's difficult to alert people to the fact that you don't wish to be interrupted - but there are ways around it. I know one workplace where each person has an item (in this case, a toy frog) which when placed on top of their computer means that they are not available - that they are trying to concentrate on something. When the frog comes down, everyone knows they are available again. With the agreement of everyone in the team, this system works particularly well for an open plan environment. Another technique is to use headphones - when people see you have headphones on they know you are not tuned-in to what's happening around you - you don't even have to be listening to anything if you find that too distracting - just put your headphones on to signal your 'do not disturb' request.

Book a daily meeting with yourself. Block-out the first 60-minutes in your diary or calendar every day. Treat it as a standing commitment and protect it from being eaten into by other people's meeting requests. Overtime, people will learn that you are not available until a certain time (which will vary depending on when you schedule your 60-minutes) and they'll work around you.

Unplug. Schedule one TV-free night each week. Switch off the set and instead listen to your favourite music, play a board or card game, read a book, enjoy a quiet meal by candle light (alone or with someone whose company you love), go on a date or soak in a bath. Start being aware of your television viewing habits and make a point of only watching programs that you truly enjoy and stop wasting precious time in front of the TV.

Manage your reading. Create a reading file and put it in your briefcase. If you don't already have one, start a reading file and carry it with you on your way home. You can get through a surprising amount of reading while on public transport to and from work and while waiting in queues.

VIPs Only. Surround yourself with VIPs (Very Inspiring People) and eliminate VDPs (Very Draining People). Spending more time with VIPs will inspire, motivate and invigorate you. Minimise your time with the VDPs in your life. It can be difficult to make the switch - be strict with yourself and you'll reap the rewards of being among the VIP crowd.

Where are you going next? Plan your next holiday, even if you're already on one! Block-out your holidays and short breaks at the beginning of each year. By scheduling and planning for your holidays in advance you'll not only have something to look forward to but you'll have a much better chance of avoiding the usual pre-holiday stress which comes with trying to complete everything before you go - and much less chance of neglecting to take those much-needed breaks.

Find a mentor. When you identify the person you believe would be a suitable mentor, spend some time watching them in action. Ask around to find out what other people's opinion of your chosen mentor are and find out all you can about their achievements, beliefs, values and way of operating. This will give you insight into them before you approach them about mentoring you.

Leave a detailed message. Whether it is voicemail or with the person who does answer the phone. Make sure you include the time and date you called, a brief mention of what you are calling about and how and when they can contact you. If you are going to be difficult to catch or have scheduled some time during which you won't be taking phone calls yourself, by leaving a contact time you can avoid a frustrating game of 'phone tag'.

Schedule email time. Email messages popping into your inbox all day long can be an enormous distraction, particularly if your email is set to alert you every time new mail arrives. To check in on your emails and respond to them as they arrive not only distracts you from whatever tasks or projects you are working on but can rob you of an entire day, responding to other people's needs while your own are neglected. Schedule a couple or a few times each day to check and respond to emails rather than constantly looking-in on your inbox or being bounced there by your email program with every new message.

Your signature. Use your email program to create an email signature block that will automatically attach to all of your outgoing messages; it's a little like an email letterhead. It saves you the effort of including your contact information every time and brings a professional touch to your communications. You might simply include your name, business name, contact details and website or you might also include a sentence or two about your business, a special promotion you are running with a link to your website, or even a favourite funny or inspirational quote.

Spelll chceck. Email makes each one of us an instant author - and, that's not necessarily a good thing! Always, always re-read your emails before you send them to make sure they make sense and to fix any spelling or grammatical errors. I recommend you set your email to automatically spell-check every message before it is sent. And if you need a second opinion to check for clarity, tone or correctness, ask a colleague to look over it for you. It might be inconsequential to you, but a poorly worded email that conveys the wrong tone and is riddled with spelling and grammatical errors can destroy your creditability and relationships.

Spring clean. Schedule time to clean out your email regularly, once a month should be enough to keep you on top of it. Empty your deleted items and any unnecessary sent items, and go through any completed project or task folders and ensure that anything you are keeping is essential to your records. Cleaning out your email will ensure you are managing your email files and disk space effectively.

Set up systems. When using filing cabinets, decide how you will allocate your space to make it easiest to locate your files: for example, rather than mixing all your files together you might decide to keep current customer files in one drawer and potential customer files and marketing information in a separate drawer, or you might choose to store current projects in one drawer and research and reference information in another, or you might decide to file everything in alphabetical order - you get the idea - look at the type of files you have and decide how to logically divide them into categories. Then, label the front of each drawer with the type of files it contains.

Colour it. Use colour coding to further systemise your files and to enable you to identify different types of files at a glance. Choose a range of coloured manila folders and allocate a different colour to use for different file types: for example, blue for customer files, purple for staff files, pink for project files and so on. Make a reference list of what each colour represents until you are familiar with your system.

Create a confidence journal. We don't all feel confident every day and sometimes it helps to take note of our feelings and how situations affect us. By writing down how you feel each day in a confidence journal you can track your responses to situations and also identify areas of your like you might need some help with. Just do this for 30 days and then spend an hour at the end of the month assessing where you find your confidence gets shaken and then determine strategies to help you overcome that in future.

Choose to be amazing! It's as simple as making a commitment to yourself every morning that you will have an amazing day. Remember, life is not a dress rehearsal - we only get one performance, so let's give it our best!








Neen is a Global Productivity Expert: by looking at how they spend their time and energy ? and where they focus their attention ? Neen helps people to rocket-charge their productivity and performance. A dynamic speaker, author and corporate trainer, Neen demonstrates how boosting your productivity can help you achieve amazing things. With her unique voice, sense of fun and uncommon common-sense, Neen delivers a powerful lesson in productivity.

Subscribe to Neen?s free monthly ezine at http://neenjames.com


Goal Planning Strategies to Create Your Best Year Yet


I am a firm believer in goal setting. Each year I write a detailed Goal Plan and post it next to my desk. Having clear intentions and specific goals keeps me focused. Some people do this at the start of a new year, while others use their birthday as the annual launching board. It doesn't really matter when you create your plan, as long as you get it done.

When you take a goal out of your head and commit it to paper, something magical happens. Not only does it solidify your commitment to achieving the goal, but it is the first step in moving closer to the target. Better yet, set goals that feel a little bit out of reach. These are the best kind because they push you beyond your limits. And while some goals may take longer to achieve than planned, with persistence you have no choice but to move closer to them, bit by bit.

Each year I review my progress and inevitably find that I achieved and even surpassed many of the items on my list. Throughout the year I keep a list of accomplishments as an additional way to measure progress and stay on track. Sometimes goals change along the way, and that's okay. They are almost always replaced by something bigger and better.

To get started, write a bulleted list of goals you plan to achieve in the coming year. Following are some items to include in your Goal Plan as you embark on creating your best year yet.

Overall Revenue

I don't know of any business owner who wants to earn less money year over year. The point of a revenue goal is to reach for greatness-to pick a number that seems slightly unrealistic as incentive to find ways to reach that number.

Detailed Revenue Streams

Most businesses have multiple revenue streams based on products, services, internet income and other factors. Consider setting goals for each of your revenue streams. Some may be shifting with the economy and some may show more promise than others. Detailing specific revenue goals can be a fantastic way to prioritize where your attention should be spent in the coming year.

New Products and Services You Will Launch

As you detail your revenue streams, factor in new products or services you plan to launch. Companies don't grow by staying idle. They innovate and launch bigger, better products and services that lead to business growth.

Time Management

Most entrepreneurs struggle with time management. Identify ways that you can get a better grasp on time by cutting back on commitments that no longer make sense, minimizing the amount of time you spend on e-mail or delegating more of your workload to an employee or virtual assistant.

Family Time

Achieving success in business won't matter if your personal life is failing-and at the end of the day you can't hug your business! Commit to spending more time with your family whether that means being home for dinner six nights per week, carving out one-on-one time with your spouse or kids, or refusing to work weekends. This commitment pays huge dividends.

Personal Time

Can you remember the last time you took a day off to do something you love? We all need to recharge our batteries; this is essential to high performance at work. Commit to taking several long weekends during the year, take that vacation you have been thinking about, read several books each month, participate in golf outings, visit the spa, or schedule a monthly lunch with a friend. Figure out what best fills your personal tank and make it a priority.

Health Commitments

You've heard it before-without your health, you risk losing everything that matters. Decide what a healthy lifestyle means for you, whether it is visiting the gym four mornings per week, taking walks mid-day, dropping a bad habit, getting your insomnia under control or cutting out sugar. When you commit to taking care of yourself, everything else in your life will benefit.

Material Goals

Setting goals to acquire material possessions, especially things that you frequently daydream about, can provide tremendous motivation. Items might include a new car, major home improvements, or an indulgent vacation to an exotic destination. Identify items from your ultimate wish list and figure out what it will take to acquire them.

Charitable Giving

One of the most rewarding ways to enjoy success is by giving back to others. Pick a favorite cause or two and donate your time or money. You might even decide to sponsor fundraising events or include your children in related activities. Charitable giving comes back to you in some unexpected and powerful ways and deserves to be part of your vision.

Strategic Business Goals

This is the category for everything else business-related that you want to achieve. Maybe that includes hiring more help, forming new strategic alliances, launching a new blog, getting major media exposure, or stepping up your internet marketing activities. From small changes to big shifts and everything in between, take the step to making your strategic goals a reality by adding them to your list.

Review, Achieve, Repeat!

Once your Goal Plan is complete, post it next to your desk or somewhere that you can review it regularly. Be sure to track your progress. You might create a spreadsheet to list your accomplishments or start a journal where you jot down successes and develop strategies for meeting the goals on your list.

Make a habit of recreating your list each year and keep your previous lists in a folder where you can review them. As the years pass by, it can be tremendously rewarding to have a record of your journey. You will inevitably see the progress you have made in all aspects of your life and over time, this exercise will become one you look forward to each year.








Stephanie Chandler is an author of several business and marketing books including "LEAP! 101 Ways to Grow Your Business" and "From Entrepreneur to Infopreneur: Make Money with Books, eBooks and Information Products." She is also founder and CEO of http://AuthorityPublishing.com, which provides custom book publishing and internet marketing services. For hundreds of resources for entrepreneurs, visit http://BusinessInfoGuide.com.


Understanding And Coping With Difficult Managers


I have conducted countless management workshops in my professional life for various clients and the question that continuously is asked during the workshop is, "how do I manage my manager"? I hear such comments as, "my manager should attend this workshop" or, "my manager requires this workshop badly".

Unfortunately, the participants who are saying these comments are not alone in their frustration. Based on my calculations, previous experiences and reading data based networks, approximately twenty eight per cent of all working Canadians believe that they work for a good manager; thirty eight per cent say they would fire their manager if they could; four per cent would have their manager assessed by a psychologist and thirty per cent would send their manager to management training.

No doubt, many people are a victim of circumstance and wind up working for a manager who is weak and ineffective. We don't often choose the manager we work for and we do not have to fall victim to their short comings. It is important to realize that we cannot control or change our manager but, we can control and change the way we interact with them.

It is true that some managers are just plain bad people. They have no respect for others nor do they respect their professional environment or the company they work for. These managers are miserable and their values evil; as a result, they don't respect themselves. Although these types of managers are few and far between, you may work for a manager like this. Should this be the case, there is virtually nothing that you can do about it. Accept the fact that this is the situation and make a decision to stay or leave.

On the hand, most difficult managers are not aware of the fact that they are difficult. They actually think they are good managers setting good examples of leadership. Understanding why and how your manager has gone off track may help you choose the best strategy for working with him or her.

Here Are Seven Reasons Why Managers Are Difficult:

Micro management

Some managers have been embarrassed by someone's poor performance in the past and they are determined not to let this happen again. As a result, they are involved in every detail and decision that takes place in the business unit usually confusing results with activities. This is compounded when the manager's boss expects him or her to micro manage the daily activities of the business unit. Micro managing leads to ineffective time and priority management skills and eventually disconnects the boss from subordinates.

In over their heads

Many difficult managers have been promoted to their current position because of their technical skills, their good attendance record, their willingness to work extra hours or their friendly non threatening relationship with their boss. Critical management skills such as organizational skills, leadership skills and decision making skills are given little or no consideration, resulting in an ineffective and at times a burdensome manager.

Management by numbers

Too many managers have been trained to manage by numbers. They are firmly committed to letting the budget manage them rather than take the initiative to manage the budget. These managers make all decisions solely based on the numbers regardless of the collateral damage in the workplace. People are disposable balance sheet items that are expected to get the job completed within the pre determined financial parameters.

Bad boss mentor syndrome

Most difficult managers learn at the feet of the master and unfortunately were promoted to their current position by the master. Mentored by bad examples, they in turn mimicked the same bahaviours. The master has taught them the art of micro management, management by numbers and the take no prisoner approach by being rudely blunt and talking down to subordinates.

Overworked

Difficult managers all have one thing in common; they are fire fighters. Not only do they micro manage they are in the thick of many confrontations leaving little or no time to be proactive and get the job done. This can be disastrous for a difficult manager because s/he begins to work harder; not smarter, they push harder on their people to get the job done and become intolerant to mistakes. They are ineffective because they are ill equipped to deal with the pressures that today's business opportunities bring causing their lack of leadership and analytical skills to become evident. There is little or no time for professional development as training may be seen as a sign of personal weakness or a luxury that the manager or subordinates cannot afford or don't require.

Poor communicators

In the world of information technology many leaders feel compelled to increase communication through the utilization of email, high speed internet and black berry's. Difficult managers tend to over use these methods by sending off emails to address challenges that should be addressed face to face or, at the very least over the telephone. To carry the problem further, some have reverted to conducting performance evaluations via email in order to reduce time constraints that have been caused by being overworked. The more connected a difficult manager gets to the information highway the more disconnected and disoriented become the subordinates.

Selective feedback

Many difficult managers surround themselves with "yes" people. People who tell them they are doing well when their performance is terrible. Since they are apt to surround themselves with people that exemplify their behaviour, they really don't know that their performance is less than satisfactory. They intentionally or unintentionally choke off open and honest feedback and believe they are doing a good job because, no one has told them differently.

Strategies For Coping With A Difficult Manager:

You cannot manage something that you cannot control. Many of us have tried to manage our personal relationship's and we have found that we are worse off in comparison to when we started. If you can control something then, you can manage it. Difficult managers are much the same. They cannot be managed because they cannot be controlled. We can cope with but, not control a difficult manager.

Here are seven strategies you might consider when coping with a difficult manager.

Support your manager

Do not, under any circumstance put down or bad mouth your manager in front of subordinates, peers or other managers. This is known as mutiny and the consequence of such can be severe. Ensure that your manager gets an abundance of credit for the work that you have done, even if s/he doesn't deserve it. In all your tasks, make sure that you cater to their strengths and be quick to play down or avoid their weaknesses.

Be an initiator

You have heard the saying, "it is better to beg forgiveness than ask for permission". The same can be said when dealing with a difficult manager. Establish your top goals and objectives (four to six is very manageable), get your manager's input, adjust accordingly and make it happen. Keep your manager informed on a regular basis and reset priorities only when absolutely necessary. Difficult managers will leave you alone because they are over matched and you are the least of their challenges. They may even view you as being a star performer because you are the least of their challenges.

Crash manage priorities

If you are a star performer, sooner or later your manager will come to you with urgent matters. When s/he does, pull out your previously agreed upon list and ask what items are to be moved or rearranged in order to accommodate the request. Focus your energy on those items that you can control and cautiously select those elements that you believe you can influence.

See the political landscape for what it is

Everything in business is political except politics, that's personal. Learn how to play the political game by determining who the players are and how the game is played. Remember, organizational politics is a function of responsibility, accountability, authority and influence and, it is part of the organizational landscape. If you have more than one person working in your organization ; you have politics. Politics pervades our daily working life. That means building strategic relationships with others that might include personal trust and professional networks. The key is to remember 30% of people are doers, 50% are fence sitters and 20% are naysayers. Work with the 30% because these are the people who are willing to move ahead and make things happen.

Be credible

The biggest intangible you have to deliver your boss is your credibility. Do what you say you are going to do, do it with passion, professionalism and exceed expectations. Never under deliver, over promise or compromise your commitments to others. Credibility will establish leadership potential and keep you in good stead with the manager and others.

Timing is everything

You must be patient and wait for the right time to approach your manager. Are they more receptive in the morning or afternoon? Is s/he more receptive to one on one conversations, team meetings or carefully worded proposals? Many times they are going to have bad encounters with others and this is usually accompanied with negative consequences. It's a good idea to anticipate these encounters and never approach him / her afterwards.

Don't be a victim of circumstance

Remember, you cannot manage those things that you cannot control and you cannot control your manager. Always be building professional relationships within the organization with your peers, your manager's peers and other business unit leaders. Your best strategy to not becoming a victim is having a well planned exit strategy.








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