Wednesday, January 27, 2016

Taking an X-Ray of your Business

From the time the x-ray was invented around the turn of the 20th century, people have been fascinated by the capacity of these rays to capture what lies beneath the skin. When the technology is used by doctors, it can help determine if bones are broken, detect disorders or illnesses, or see how well a broken bone is healing.

As business leaders, we must sometimes look at our own businesses with x-ray eyes: uncovering and treating problems beneath the surface before they get out of hand or cause permanent damage.

Uncovering problems

Few businesses run perfectly. As any company grows, it will experience bumps, bruises, and hiccups along the way. Part of running the business involves being able to lead the company through these times, so you can come out the other side stronger and better prepared for the future. Many times, this involves easy fixes. Perhaps a new employee is needed to handle greater demand or a policy might need to be tweaked to adapt to an evolving workflow.

Sometimes, however, problems are not so easy to fix. Take, for example, customer service. We've all experienced times (as customers) when we've felt like we're being passed around from person to person, trying to find a simple answer to our question. By the time we get our answer, we're so frustrated with the process that we end up completely annoyed with the company. This damages the company reputation and may even cause us to stop doing business with them.

As a business leader, you need to realize that these kinds of deep, penetrating problems cannot be fixed with simple, one-size-fits-all solutions. Sometimes, you need to look deeper and see where the 'bone' is broken -- and how badly -- before you can begin to treat the symptoms and heal your company. Only after you have a clearer picture of what's really going on can you find the right way to fix the problem and make your company stronger for the long run.

Making the repair

If your company is facing a major problem that can't be fixed easily, don't be afraid to go back and start over in finding the solution. While it can certainly be intimidating to think about how long the process will take and how much potential revenue you might lose along the way, it's important to remember that taking the time to complete these repairs properly will make your company stronger over the long haul. This, in turn, will help to boost revenue and make up for lost time. Companies that neglect to make difficult but necessary changes often find themselves losing money (and customers).

So how can you go about fixing tough problems? Start with these steps.

  1. Sit down and plan out exactly what your end goal will be. Providing higher-quality customer service is one possible example.


  2. Work backwards to generate ideas about how this goal can be reached. This will typically involve doing industry research and learning more about what the competition does to accomplish a similar aim.


  3. Educate and retrain all members of the organization about the new methods and procedures, so everyone is on the same page, even those who aren't directly involved with the affected areas.


  4. Invite feedback from customers and employees to see how well the changes are working.



Growing a business sometimes means being willing to go back to the drawing board to see how a key part of the business can be changed and repaired to make it stronger in the future. Don't be afraid to 'x-ray' your business and find ways to help it grow in the years to come.

Friday, January 15, 2016

Get Your Business Headed in the Right Direction in 2016

The new year is a time of many things. Oftentimes, people look at it as a way to get a "fresh start" in their personal lives and work towards the goals they may have lost sight of in the previous year. The same concept can hold true for the world of business, but only if you approach things from the right angle. There are a number of important steps that you should take at the beginning of a new year to make sure that your business is headed in the right direction - both literally and figuratively.

Identify Where the Goal Posts are in the First Place

One of the most important steps to take at the start of any new year involves developing a plan for the days, weeks, and months ahead. Simply put, January is the perfect time to start developing both a short-term and a long-term strategy to identify where you see your company going and, more importantly, how it's going to get there. During this period, it is always important to develop a list of priorities for you to hit along the way. You'll also have to assess your own sense of accountability and put a process in place to manage these priorities as time marches on.

Reassess Your View of Your Own Organization

Another key step to take at the start of a new year involves taking a long, hard look at your company as it stands today and compare it both to where you started and where you hope to end up. Businesses change as they mature - this isn't something that you can avoid. The key is that you should always be changing in a positive way. Where do you stand on January 1 in relation to your goals compared to where you stood in December of the previous year? What are the strengths of your business and how have they changed over time? What are your current weaknesses as they relate to your ultimate strategy and what can you do to turn them into positive attributes in the short-term? This allows you to create a realistic picture of your business as a whole, and more importantly, create a realistic view of the future.

Who Are Your Current Leaders?

In the world of business, leaders aren't necessarily created - they're born. If you take a natural leader and drop them into an unfamiliar environment, they will eventually rise to the top. They can't help it. One of the great opportunities that the new year presents involves looking within and identifying the people who may have proven themselves to be exactly this type of leader during the last year. Key leadership, in relation to these individuals, is of paramount importance when it comes to both creating the type of company culture that you need and setting the tone for the priorities that you will attempt to seize in the next year and beyond. A leader isn't an asset if you don't know that they're there in the first place, so always look for those who have proven themselves to help align your organization with your own strategy and gain valuable insight into the steps you should be taking moving forward.

These are just a few of the important steps that you should be taking at the start of a new year to get your business headed in the right direction. Waning from the intended path is natural, particularly as a company reaches maturity. The new year represents an excellent opportunity to take stock of how far you've come and to make sure that you're still headed in the direction that you hoped you would be when you got into this business in the first place.