Batching or grouping like tasks together in Lean processes is discouraged. Why? Because often when we group tasks, we end up not finishing anything. I’ve seen this on more than one occasion in offices where someone started cleaning the supply closet. Everything got taken out but an interruption happened and it was never finished and thrown back helter skelter into the closet. Typically, a project like this would be better done shelf by shelf or drawer by drawer or one flow processing; not batching. To decide if you will be more productive batching or not batching, try it yourself. Now, here is the challenge, identify in your office and life what enhances productivity by batching or not batching.
How do you identify some of the tasks as to Batch or not to Batch? How about invoicing? Or newsletter? Or laundry? Or cooking?
Flexibility in the work/life balance with your staff is vital when it comes to harmony in the office. Studies have shown that a happy, healthy and balanced worker is a more productive worker. Not to mention that your favorite worker will be less likely to look elsewhere in the future.
Flexibility for your business can be extra time off, working from home or leaving work a little early to avoid the rush hour traffic.
So how do you offer flexibility within your company and still keep the production high?
Even if your business is still young – less than 2 years old, knowing the answers to this questions will help you grow a profitable asset for your future. One of the most intimidating aspects of selling a business can be facing the barrage of questions during the various management presentations to potential acquirers. Start thinking about these now – you never know when opportunity will come knocking.
- Why do you want to sell your business?
- What is your cost per new customer acquired?
- What is your market penetration rate?
- Who are the critical members of your team?
- Who buys what you sell?
- How do you make what you sell?
- What makes your product truly unique?
- Can you describe your back-office setup?
Building your business knowing these answers, will help create an Asset for Your Future. Of course this is not an exhaustive list, but it’s a good start when you’re preparing to represent your company to your potential buyers. You can check you “sellability status” for your business with this 15 minute questionnaire at Get My Score
When we have a goal in mind; know what we want the outcome to be; have broken the project down to its many tasks; we are ready to finish with flair. . . or are we? Even the best project, best plan can get slowed by life. Time management often means staying motivated beyond knowing what the end will look like. To finish with flair, try these tips:
- Get Moving
- Know Your Personal Clock
- Start with Something Fun
- Rename the Uglies
- Slow Down
- Find Healthy Distractions
Work your fingers to the bone and what do you get? Boney Fingers. Getting a goal done on time sometimes means taking time to slow down and do it right. Keeping your perspective will serve you and your plan well.
Let us know what you do to finish with flair?
Do you ever feel conflicted when you’ve made a business decision? Do you struggle when an employee complains about something? Are customer complaints hard to hear? When the phone rings, do you sometimes want to just hide even before you hear the call?
You are not alone and most business decisions that have a good outcome are made from the 3 Hearts.
- Heart – that sentimental place we believe kindness, empathy and love exist.
- Mind – the rational heart, the logic driven brain that weighs the options;
- Gut – your instinct or intuition.
Pausing for a moment and thinking “Heart-Mind-Gut” may get you on the path to fewer “If only I’d. . . “
Let us know what do you do to help make thoughtful decisions?
The week between Christmas and New Years for small business owners is either busy or nonexistent. If you feel like you need to do something productive, why not clean your desk. When is the last time you sat down and took a good look at the files and drawers you have neglected for the past [Read More]
Have you been thinking about selling your business but just can’t decide if now is the best time? Do you find yourself repeatedly analyzing the economic situation and wishing you had a crystal ball? The signs are mixed on the horizon. If you’re still up in the air and can’t quite decide whether or not [Read More]
Want to make 2013 the year your business gets organized? Start now!
Here are a few ways to make the new year a little less cluttered;
Scan your receipts and invoices and electronically file them by month. Some office programs even allow the electronic copy to be attached to the item.
Get rid of old files no longer [Read More]
Event: October 30, 2012; 8:30 am to 12:00 pm
Put some Fun in the Numbers – Play the Game that helps the numbers make sense!
Understanding Business Financial Statements for Non-Financial People
- Do your eyes glaze over when you look at your business Numbers??
- Do you cringe when someone says “So how is your business doing” because you really don’t know?
- Does the banker hold your financial statements sideways hoping to understand the “balance” you’ve created.
Don’t despair! Small business owners or managers without the financial background CAN understand those crazy statements you get from your accountant. This workshop will focus on how to read income statements and balance sheets in a practical manner to better make financial decisions based on facts and data.
Date: Tuesday, October 30
Time: 8:30 – Noon
Location: Maumee Indoor Theater
Cost: $79 and $45 for each additional person from same company.
Instructor: Linda Fayerweather, Changing Lanes LLC
Registration: Online registration Sign Up Now or call 419-897-0528.
I was reading a book the other day and it quoted John Wooden. I didn’t know who he was but if you like basketball, apparently he was pretty awesome. His famous quote is: “If you don’t have time to do it right, when will you have time to do it over?” From my experience (with [Read More]