In my last blog post, “Seven Signs You Need A Business Operating System”, I called out the seven signs or problems that indicate you need a business operating system.
Company goals are ineffective when those goals remain trapped in the minds of leadership - even worse when they stay trapped in the mind of one person.
When this happens, the rest of the team is left to guess what the most important priorities are based on very little information.
In order to operationalize a company’s goals, those goals must cascad down throughout the organization. They must be translated into the monthly, weekly and daily actions of the team members.
Makes sense right, but exactly how do you do that?
This blog post is meant to offer a step by step process for cascading company goals down to departmental goals, then further down to individual goals.
December is the month that many companies hold annual employee performance reviews.
Built into these reviews is an employee expectation that a positive performance review will result in some sort of pay increase or raise. Often, owners have a set amount of money which they have discretion to allocate based on the performance review.
If you search Google for “annual performance review and raise” you’ll notice that the top 9 results all focus on helping employees ask for a raise. Only one article talks about how performance reviews and raises shouldn’t be linked.
This blog post is for those small businesses that are currently tracking KPIs using Excel. I am going to share a more productive and less time-consuming way to not only track KPIs, but also keep your team aligned and focused on the right things.
Tracking KPIs Can Drive Real Results
When I say “tracking” I mean that you have a set of meaningful measurements that you review with your team on at least a monthly basis. These measurements are helping to give you a clear picture of where your business is headed.
If you're like most businesses, you are using multiple Excel spreadsheets to keep track of these critical metrics.
Note: If you’re not tracking KPIs, I would encourage you to do so ASAP. We've seen this one simple exercise help to drive significant improvements of profit. If you need help determining which KPIs to track, please contact us and we can help. Just click on the button at the bottom of this post.
For example, last week we helped a $12M manufacturing company determine the right KPIs based on their strategic plan.
If you're not sure why tracking KPIs is such a big deal, please read this post on how we helped one company increase their profit by 135%! KPIs work.
I am sure that you agree that in order to maximize business performance, each employee must be in 100% agreement with the company’s goals and vision.
If you're frustrated and feel that your team is not rowing in the same direction and aligned, you’re not alone.
Looking for ways to increase your revenue and maximize your profit?
Employees are your company’s most valuable asset and making sure each employee is focused on the right things is critical for revenue growth and profitability.
A recent study indicated that over 50% of all employees don’t know what is expected of them and only 30% feel involved in the goal setting process.
One way to drive focus, clarity, engagement and ultimately productivity, is through employee goal tracking.
As of the date that I'm writing this post we have about 50 business days left to 2017. Are you on track to crush your company goals?
I don't mean to just squeek by. I mean exceed the goals you've set for your company. Everyone wants to win right?
Topics: company goals
Many companies struggle with what to measure to improve the performance of their companies. I've seen some blog posts that just give a long list of manufacturing KPIs for the reader to chose from.
Deciding on your manufacturing KPIs is as important as thinking through your system to track, review and correct.
You are choosing manufacturing KPIs in order to improve your performance. To do so, I recommend companies follow these 4 steps.
In this post, we begin our three-part series on meetings and seek to change your thinking around small business meetings to show the true value meetings can create. We'll do this by providing some practical guidelines to make your small business meetings a real value driver in your small business not a time and value drain.
The Purpose Of Small Business Meetings
In a recent conversation with a new client, I heard the client say, "I hate meetings.” Why do business owners have such a disdain for meetings? It's not that many just don't like them, they "hate" them.
To many small business owners, meetings are seen as a time waster where employees complain about problems and drop them at the feet of the owner.