What are the qualities of a great executive coach? What seperates the good from the average?
If you had to choose a single skill or trait you consider essential to SME success what would it be?
Whenever I run meetings with clients, I often find things can stretch out beyond the core objectives I wanted for the event. I know I had a previous CEO who would take a block-walk meeting - he...
I'm on a role today and loving communicating with fellow Savvy SME members.
All sound advice that you have received, I would pare it back even more.
The FIRST step to having an effective meeting is knowing (in detail) the outcome/s from the meeting. Without knowing that how can you measure (not assume...let's not go there) if it was an effective meeting or not.
Your effective will be a completely different effective to the next person.
Effective should equal what were the actions agreed to be taken and how will we know we have achieved them when next we meet or communicate.
Don't look for the start, look for the finish that's where the result/goal/target lies and then reverse engineer it from there.
Use my 5Ps framework
Plan (must equal the payoff) - Prepare - Participate - Progress - Payoff.
All the best.
I didn't pay my domain name renewals in time? Everything is down at the moment. I feel soooo silly for not doing something so simple on time and as a result I have to deal with all the consequences.
Mine would probably not remembering when tools and software transition from the discounted promotional or trial rate to the full price. I'm constantly shocked at bills going up, but it is just because I don't keep good track of when those billing cycles and rates change. I'm working on improving this by keeping a spreadsheet.
Making mistakes is great. They are the learning tools of business!
Greetings Jeanette from rural Australia,
Everybody makes mistakes in business. James Packer and One-Tel. Rupert Murdoch buying MySpace and turning it into a dinosaur. Steve Job's NeXT computer company. His Apple III. And MobileMe are amongst 7 of his failures.
You can't succeed if you don't fail. That's a wisdom that shouldn't be ignored.
Failure. Mistakes. Are merely opportunities to learn how to do things better.
And what each one of us learns from them is relevant only to us. And might not be relevant to anyone else.
And much of what we learn from our mistakes is based on our own personalities. And how we want to do things.
One of the best things I've learned in running my business is not to listen to outsiders.
I operate in a very small niche market. A declining market, actually. But I'm growing as other companies drop out.
I listen to my customers. And try to engage in a dialogue with them as much as possible.
They've taught me how to run my business better. Every time they have a criticism, I listen. And change the way I do things. And so far, since 1994, every criticism. And every change. Has been for the better.
I've also learned not to be hoodwinked by hyperbole. I'm a trusting gal. And hope I always stay that way. But after discovering too many times that people exaggerate, I've learned to ask questions. And if possible, get them to justify their claims. At worst, to be cynical.
After years of advertising in magazines that are perfect for my niche market, and never breaking even, I learned that people only buy my product when their current version wears out. When paying top dollars to get my message across, I realised I couldn't wait for that to happen. And from that financial mistake, I learned to conquer the internet. And get my website to attract customers when they're looking for my solution to their problem.
Mistakes don't close doors. They open others.
When something doesn't work, it's a matter of asking yourself what else can? And undertaking the research to come up with a different answer.
When I was learning about the internet in 2001, when dialup came to my rural village where I live and work from my remote rural property, I was on SKYPE at 3AM, attending free online seminars held in the USA. The birth country of internet magic.
I did that several times a week.
And by putting in that effort, I moved from page 45 on Google. To page 1. And have never been off page 1 since for my best search terms. All without spending a penny.
Mistakes are opportunities to find solutions that are so much better than you expected.
Best wishes, Jeanette, for whatever you hope to achieve.
~Carol Jones, Ironing Diva❤
Purveyor of The Fitz Like A Glove™ Ironing Board Cover And Other Goodies
In 29 countries.
I wonder if SME' leaders are keen on developing their leadership skills? I've been reading various SME reports to government and they say that people management skills are wanting in SME's, and SME...
When one looks at the statistics available on Australia's 2.0 million SME's the one that always worries me the most is that 95%+ of SME's do not have a business plan. As savvySME members we mostly fit into the second largest SME category of "Professionals" which includes everything from the corner store consultant through to heart surgeons and as such we tend to think issues through in more detail than those in the other 6 categories and most of us think about business plans, leadership etc.
In answer to the question I do not believe most SME's consider leadership at all.
SME's employ 71.4% of the Australian work force, represent 99.7% of trading entities and have the highest level of female CEO's at 31.5% (compared with 3% in the corporate world) and yet the majority of SME's are lacking in core business skills and "flying blind" without a business plan.
Giving assistance, skills and education to SME operators is a way for the "Professional" category to make a game changing difference.
I'd have to try and contain myself here, because there are quite a few that I could gush about all day. At the top of this list would have to be Tim Ferris who is a business leader, writer and guru on many topics rolled into one.
What I love about him is his ability to do great on all areas (not just in business) by applying a very unique and effective thought process to learning: e.g.
All his teachings are a lazy mans way to getting a great result which is in line with my own values :).
I'm just in awe in his ability to just learn and do so many different things (something I tend to love to do). Being able to define yourself by the speed with which you learn not about what you know. I guess multitalented is the word?
I'm working my way through all his books and thoroughly enjoying every minute of it, including his writing style.
Other business leaders and influencers include: Seth Godin, Noah Kegan, Sheryl Sandberg and of course all you guys here at SavvySME :)! Awwww.
Love to hear your inspirations too Neil!
After many years in leadership, consulting and entrepreneurial roles, I've come to believe that we are all great business people. Then we employ people - that's when the headaches start for the...
Whilst I don't have employees myself, I have worked with plenty of businesses who do. The major challenge that comes up time and time again is keeping a cohesive culture. James' 5 points are excellent and all pertain to keeping a positive, engaged and productive culture. The challenge is when employees move or growth happens, and new employees are required. How do they maintain that culture that has been fostered over a period of time and ensure that new employees are able to integrate well into it? It's not as easy as you would initially think.