Saturday, January 17, 2015

The Grooming of a Business Leader

"Focusing your life solely on making a buck shows a certain poverty of ambition. It asks too little of yourself. Because it’s only when you hitch your wagon to something larger than yourself that you realize your true potential." --------- Barack Obama

"One is too small to achieve greatness, as the challenge escalates there is need for Team work--- John Maxwell.

Leadership carries a lot of responsibily not just for me but also for my staff, our employees livelihoods are dependent my decisions and any bad strategy on my part can affect a lot of lives.
In my company there are four key results areas as a leader:
Planning, staffing, delegating and measuring

Planning- Our company can grow in either of these three ways; increasing no of customers,
increasing the value of each product or increasing the number of repeat business.
By planning I grow the business each year by increasing the number of customers 20%, increasing our backend by 20% and adding 20% value to our existing products.

With proper planning I organise my thinking, identify my weakness, save on time and focus my strenghts and budget on the three core objectives.
Staffing- when recruiting I seek employees that suit the business style which makes management a lot easier. I often seek creative people, because creative people rarely need to be motivated; they have an inner drive that refuses to be stopped, they refuse to be complacent, they take risk which is what the business needs to be competent and successful.

Delegating- Pareto principle states the 80-20 rule. 20 % of what I do account for 80% of the result I get. I delegate anything that I find boring or where my performance score is less than the
best in any area of the business, often times what I find boring is a pleasure to others and over
time become more proficient at performing those task.

Measuring- I believe assumption is a sign of laziness, I measure everything, from marketing results,
to staff performance, to customers satisfaction and even to the most profitable products.

Quantifying these results is the only way I can optimize assets and improve performance.

Excerpt from my forthcoming book " The Leaders Mask"

See You at the Top