Straight Business Talk 

 

Transforming Organizations to Achieve Breakthrough Results

with the Value Advantage

Volume 5-5

May 24, 2007

In This Issue

Personal Note

The Five Hidden Elements That May Be Draining Your Company's Bottom Line

The #1 Management Challenge

Value Advantage Quick Tip

Events

Marsha smallPersonal Note

 

 

I have to take a page out of my dog training manual as I write the personal note for this issue.  I'm learning about focus.  Right now,  Maya and I are working on "watch me", an important exercise intended to get her attention and eyes only on me and nothing else when I say those words.

 

Maya and MarshaIt's hard work both for Maya and for me as well.  I have to learn to spit treats directly at her with the intention that she will catch them as a reward for "watching me" when I tell her to.  That's the hard part for me.  The hard part for her is being able to watch me exactly when I say to and not wander her attention to anything else - not even rabbits that run by.  She's only been practicing this for a couple of days but she is getting it.  How?  She is highly rewarded for doing it.  I lavish treats on her and she seems eager to do the exercise twice a day now.   

 

From this little exercise I've learned a lot about focus and how rewarding it is.  When I am determined to complete, say, 10 calls a day to potential clients I may grouse.  But, frankly, it is paying off  - this thing called concentration.  I'm watching me stay on track.  I lavish rewards on me too for staying with my program (what they are can vary and they are not dog biscuits).  So, are you focused in your determination to what seems important to you?  I know it's paying off for me and Maya.  How about you? 

 

Call. Let's talk about your focus.

 

Marsha Lindquist

480-473-9977

 

Whether you're a business owner, an executive, a manager, or even an entry level employee, you know that the bottom line is important to your company's future. After all, if the company doesn't have a healthy enough bottom line (a.k.a.: profit), you probably won't have a job with that organization for very long.

 

Unfortunately, some people believe that in the business world, "profit" is a dirty word. They think that businesses today make too much profit, and some may even go so far as to try to cut into the company's profit margins. Realize, though, that profit is a good thing for any business, and is the reason why that company exists. Even if you're a consumer, you want the companies you do business with to make a healthy profit, because that means they're going to be around when you need them. Since you likely want every business you have interactions with to be viable, you must accept the fact that profit is what makes that possible.

 

 

The #1 Management Challenge

 

Association executives often ask, "What is the most common management challenge?" Most people think it is financing, profit, product or service, and resources. While those are challenging issues for every organization, no matter what their size, clear and determined focus on the most important strategy or objective is the number one reason that companies succeed.

 

Keep your focus on being the visionary you are. Decide what you want your organization to become and center its daily activities on achieving that. If you are crystal clear in your direction, and are solid in conveying that to everyone in your organization, you will stay on the mark.

 

Create a solid plan. Identify in detail, on paper, what your business approach is. The objectives and strategy for achieving them should be identified so that everyone who reads them can understand. Now go hire good folks with that in mind.

 

Bring in the most talented, motivated, knowledgeable people you can find. Manage to let the talent you bring in center their attention on what they do best: managing the operations. Recognize that they may not do it in the exact manner that you would, but they may still achieve exceptional results, and you can remain focused on your job.

 

Marsha's Value Advantage Quick Tip

 

Take Your Clients to Lunch - Do your own market reserach: take your most valued clients to lunch and find out what they think.  Pick their brains.  Ask for their opinions. Find out how you could improve.  They'll be impressed that you valued their opinion.

 

 

Events

 

Be sure to check out our new website www.EntrepreneurJumpStart.com for information on upcoming teleseminars and our Entrepreneur Jumpstart 3-day event for business owners.

 

Free Newsletter for Your Colleagues

 

Marsha LindquistRecommend this newsletter to others who may be interested in good business tips and answers.  Or simply forward it to a friend!  They can register as a regular email newsletter subscriber by emailing me at Marsha@marshalindquist.com or by going to http://www.marshalindquist.com

 

Marsha Lindquist | 4361 E. Montgomery Road | Cave Creek | AZ | 85331