5 minute read
Land of the Plentiful
LAND
Plentiful of the
by Jamie Cornehlsen from Fitter Financials
Feeling like you are always running? Looking to do the right thing in your business but not quite finding the solution? This is called “Hitting the Ceiling” – the reality that individuals, teams, and organizations experience when they have outgrown what was previously working, or the industry has changed
on them, or client preferences just are not what they were. Barbara Taylor, the owner of a retail coffee and espresso business in Arkansas, wrote a post in the small-business section of The New York Times in June 2011, entitled “Reaching Your Limits As A Business Owner.” In this article, she describes her own journey of hitting a ceiling. She realized her business was off track when the budget and goals were not being met. Specifically, she indicates that she was spending most of her time on human resources – the least favorite part of her job. She always thought she could grow out of her problems. When you’re stuck, it can leave you feeling frustrated and overwhelmed. It happens when you, your department, or your company isn’t growing anymore. Many leadership teams ignore their issues or attack superficial problems. But great teams get to the root cause of why they’ve gotten stuck. These teams embrace the Five Leadership Abilities.
If you’ll focus on these leadership skills, you will find that you can grow faster, have the right people in place to solve problems, have employees who are accountable to what needs to get done and you have more time to work on your business, instead of being buried in your business.
The leadership abilities you must mast er are the following
• Simplifying – if it’s complex for your team, how complex must it be for your prospects/customers?
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ROBEX — Quarter 1 • 2020 • Delegating – delegate and elevate to your unique ability, get everybody doing what they do best.
• Predicting – both short- and long-term, so that you can correct errors when the consequences are small enough that they can’t crush your business.
• Systemizing – build your franchise way of scaling your business, so you can focus on the inevitable surprises which are in store for you.
• Structuring – get all the right people in all the right seats. If you’re a business owner and think you may have hit a wall, take heart. You’re not alone.
A Day in the Life of a Typical Company The life of a business o wner entails all sorts of tasks and disruptions on a day-to-day basis. This may include putting out fires all day, new clients that don’t quite fit your ideal characteristics, clients asking for things that you don’t do, a colleague who is hugely productive but is a challenge to work with, lack of accountability, and understanding the exact goal and what to work towards each day. W hen you incorporate the Five Leadership Abilities into your organization and practice them every day, you will find a way to avoid the typical day’s mess. When you do hit the ceiling, you will have a plan to escape the ceiling coming down on you.
Hitting a Barrier W hen you have hit the ceiling you can master Entrepreneurs Operating System (EOS) Five Leadership Abilities so that you can break through the ceiling any time you hit it. Here is a roadmap to master the Five Leadership abilities.
1. Simplify. W ith every new client or employee, you are adding a level of complexity. Intentionally looking for ways to make things simpler will help you get what you want.
2. Delegate. F igure out what you do well and what you love doing. Pass off all the rest to people who are good at those things and love doing them.
3. Predict. T rack data points as to where you have been and where you are going. In the short term and long term, this process helps you get above the trees to see if you are heading in the right direction.
4. Systemize. Create, write and distribute your Core Process. This helps you efficiently do the mundane and spend more time being creative and adding value. 5. Structure. Create the formation that you are going to use to storm the hill – the organizational structure that will help you get to the next level. Create an Accountability Chart that will clarify every seat in your company and depict clear accountability.
Anxiety and self -doubt are sure to get in the way. Eventually, when working the muscle to make the Five Leadership Abilities better it all comes together. When you set out to establish the business, the work you did to launch the business is no longer adequate to grow the business. This is why working the Five Leadership Abilities into your organization and practicing them every day will enable you to break through the ceiling every time.
Jamie Cornehlsen can be reached at jcornehlsen@fitterfinancials.com or 585-270-1908.
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