Who, not how An industry executive friend of mine has moved into a role managing a much larger team of people. The executive coach he’s working with suggested that whenever he faced an issue to resolve, he ask himself the question, “Who, not how.” The coach’s point was that when you’re the leader you don’t jump in and just do it yourself. This is the key to transitioning effectively from being a doer, to the role of leader.Peter Diamandis, serial entrepreneur and founder of the X-Prize … [Read more...] about Think Who, Not How: A better way to grow your business
Take a business break and get reading The hot weather (with occasional downpours) this summer is the perfect excuse to take some down time. A break from business as usual is essential to getting things done when you’re back at work. Here are some must-read business articles that I loved this August, to help you gear up for what lies ahead. Pop open a cold one and get reading. All the Common Excuses for Not Delegating Boil Down to Lack of Confidence Tracy Maylett Delegating … [Read more...] about How to Master Difficult Delegation and 4 more must-reads for your business
Go from strength to strength We all know how important it is to work to your strengths. Yet how many of us work deliberately at doing just that? If you want to have fun and lead a high-performing organisation, then this is something you need to really focus on and make happen. It was my friend and colleague, Operations Director Tracey Underwood, who showed me a simple way to identify the jobs that you should be doing and the jobs you should be delegating. Complete the following table … [Read more...] about Why are You Still Doing Everything? Mastering delegation.
First served Touch wood, I’ve never been on a plane where the oxygen masks have dropped down in an emergency. However, I’ve heard enough pre-flight safety briefings to know that if that does ever happen, I should fit my own oxygen mask first. This is great business advice too. If you’re running a business with multiple advisers, or you aspire to do so, it’s good practice to try focusing on your own needs first. What do I mean? Bog standard levels of fee production for one adviser … [Read more...] about Could You Manage £1M of Revenue?
A few weeks ago in an article on business depression I covered the six core areas that businesses must have in good shape. The six areas are: Culture (Values) People Process Business Management Financials Client Profile Last week I looked at Culture and Values. This week I’m looking at the People issue. What makes your business work? What’s the biggest challenge facing adviser owners? To be honest, it’s pulling together everything that needs to be done to … [Read more...] about Moving Forward: The Right People