Tuesday, February 19, 2013

Take Some Advice

Originally published February 2013
Sweeping, The Journal of Chimney and Venting Technology

"Fear less; hope more.
Eat less; chew more.
Talk less; say more."
-Swedish quote from "Dear Abby"


Last month the world lost a syndicated icon when Pauline Phillips, better known to many of us as “Dear Abby,” lost her battle with Alzheimer’s disease at the age of 94. Her column lives on in the pen of her daughter, Jeanne, but when I reflect on the legacy that she created in the 57 years of her column, I can’t help but think of the correlation between the influence of decades of her accumulated advice and the volumes of invaluable counsel association members give each other every day.

So I thought I would share.

One of the advantages of being in an association is the opportunity to pick the brains of your professional peers to get ideas and find solutions. A couple of years ago I facilitated a group discussion at a convention about practical business tips based on real life input from  small business owners across the country. Between the information I gathered ahead of time and the plethora of ideas shared during the session itself, I ended up with a nice list of over 200 tips.

In the interest of a relatively easy read for you this month, here’s a sampling of the professional advice that was collected in the area of leadership and development. Perhaps some of this will trigger some of your own thoughts as you plan strategies for the year ahead.

5 Tips on Managing Yourself
·         Recognize when you’ve outrun your abilities. When one entrepreneur saw that her skills were not adequate to manage her company, she hired a president to handle day-to-day operations. Could you use a business or office manager?
·         Get a business coach. Skilled consultants can help you learn how to take your company to the next level. Resources such as SCORE can help (www.score.org).
·         Open yourself to being transformed. Listen, really listen, to employees. Let go of old notions of leadership (managing by fear, for example).
·         Be self-aware. Many business owners say self-awareness is essential to understanding what leadership style works for you.
·         Be a servant leader. Consider it your responsibility to serve employees and customers.

5 Tips on Creating an Innovative Environment
·         Show your employees and/or peers that you think of innovation as an ongoing process. Some ideas will work and many won’t. Keep experimenting.
·         Listen, listen, listen. Innovation is a collaborative process.
·         Be open to “accidents,” the unexpected connections that spark new ideas. Inspiration comes from everywhere—often from outside your own field.
·         Draw on your own employees—they know the company’s problems and goals best. This is probably one time you don’t need outside consultants.
·         Be patient. Creativity can’t be hurried.

5 Tips for Renewing Yourself as a Leader
·         Take a time-out each day. Put a “Gone Thinking” sign on your door and don’t let anyone disturb you.
·         Pursue hobbies and interests outside your business. They’ll provide relaxation and may inspire creative ideas that you can feed back into the business.
·         Take a vacation or a sabbatical. 
·         Spend time with your family. Kids provide a refreshing perspective. If you don’t have kids of your own, consider spending time with friends or family who do.
·         Do something you’ve always wanted to do but never did—learn a new instrument, take a course in acting, learn to fly, take up gardening, you name it.

5 Tips on How to Be More Efficient
·         Don’t start your office organizing by shopping for containers. Determine what files and books you need to store, measure them, then go to the store.
·         Declutter. File, act on or toss papers and emails instead of letting them pile high on your desk. You should be able to make a decision immediately as papers cross your desk.
·         Take advantage of electronic devices and the abundance of digital programs available to categorize work.
·         Choose the calendar system that’s best for your organizational style, and stick with it. If it is computer-based, back up, back up, back up!
·         Manage your time ruthlessly. 

5 Tips to Get a Good Mentor
·         Think about the end result. Let your mentor know what advice you want for success. Do you need advice on managing cash flow or a mentor to help keep you energized and motivated? Both are good. Be clear.
·         Be prepared. Share a snapshot of your business today. Share goals, so your mentor has a picture of your dream for success. Then, ask questions and listen for great ideas.
·         More is better. Develop a network. No one person has all the answers. Not you, your CPA, your mentor. You may want a mentor for business planning and a mentor for finance and cash flow.
·         Good cash flow is important especially at start-up and growth stages. Always be wary of economic slowdowns. A mentor can help you plan a collections policy, make plans for a line of credit and project cash flow based on sales. 
·         Seek industry expertise. Find a mentor who can address industry specific issues. 

5 Tips on Networking
·         Consider joining or creating your own industry management information exchange group. This is small group of your peers, typically no more than 12, from non-competing geographical markets that review each other’s operations serving as a panel of confidential advisers with the intent of helping each other’s businesses be as strong as they can possibly be.
·         Join your local Chamber of Commerce and go to the meetings/events
·         Join local service groups such as Rotary, Sertoma, Kiwanis, etc.
·         Join an area professional networking group (i.e. www.bni.com or www.bnicanada.ca), or a free online professional networking site such as LinkedIn (www.linkedin.com).
·         Join your industry association if you are not already a member and attend their annual or regional conferences.

This is as good a time as any to start strategically planning for the year ahead. How is it going to be different than last year? As the boss of your business, what can you do to gear yourself up to make this the best year yet?

Don't let yourself get overwhelmed. There's great advice out there everywhere, you just need to look around and make the decision to act. In a 1990 interview with Larry King, Pauline Phillips exclaimed, "There is always an answer, even it it's say, look, pal, you can't change anybody but yourself."

Until next time, here's to good advice and to your continued success!

-Mark

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