Small Business Survival Conversations

By delegating, CEOs can make the most of each hour of the workday. Self-assess where to best allocate your time and skillset. Our Podcast Tip of the Week: If employees are leaving work earlier than the CEO, then not enough delegating is going on!
For CEOs, the challenge of delegating is a critical, daily struggle to correctly manage and prepare for corporate and employee growth. Here’s how to find the right balance between doing and leading to growing your business:

1.       minimize micromanaging—consider the opportunity cost; allow the workforce to develop & grow

2.       identify the work to delegate; ask your team for feedback

3.       pinpoint fails (e.g., lack of clarification) and promote communication & training with customized tools, resources, and coaching

CEOs, ask yourselves these questions: Which work should I delegate? How do I learn to delegate effectively? How do I avoid 'just doing it myself'?

 Tip: Nurture a motivating workplace environment that tolerates (initial) mistakes and promotes creative approaches.

Dr. Michael Troyer and Anna Steinfest dig deep to reveal how to find the right balance when delegating in the workplace with the goal to grow your business. Helpful solutions are at hand in our ABC Podcast: Lessons in Success, Episode 5: Learning to Delegate.

Nowadays business owners need diverse hats to perform their responsibilities: an HR hat when hiring and managing employees; a financial hat when projecting revenue; and other hats for working with clients, generating new ideas and navigating legal issues. Every small business owner dreams of getting more work done every single day. Our ABC Podcast Tip of the Week is how to incorporate the productivity tools every business owner needs. Organize productive tools to augment team output!    
Productivity tools every business owner needs. Here’s how to:

1.       enhance each work-hour yield with time management and project management

2.       identify low-cost or free productivity tools to improve team throughput

3.       customize to optimize specific tools for a particular team including delegating & communicating

Are these your questions: How does a business achieve this goal? How do you choose the right tools or implement rules to succeed? How do you know which tools are right for your business and the tasks you wish to accomplish?

ABC Tip: Learn how to assign priority to tasks and maintain control while avoiding distractions.

Once again, rely on Dr. Michael Troyer and Anna Steinfest as they review valuable solutions to these strategic ideas and more in our ABC Podcast Lessons in Success, Episode 4: Productivity Tools Every Business Owner Needs.