If you have been a business owner for any amount of time, you know that the challenges of sales and marketing pale in comparison to the challenges of… employees! It is hard enough to find the right people to hire. When you do hit the nail on the head and bring in someone that is a perfect fit for your team… it is only a matter of time before they are moving on to something else.
Here are the 7 most common reasons people leave a job, and what you can do about it!
When you started your business, cash flow issues were not on your radar. It was just you, a few tools and supplies, and every job made a profit. No office, no overhead, no problems. And life was good.
As the business grew, you started buying things and taking on expenses. You bought a nice truck and a set of tools. You invested in a new computer and some expensive software. You really thought you had made it big when you got your first office. Then came the employees, insurance, workers comp… Need I go on?
The funny thing about business is that sometimes the bigger it gets, the less money there is. The dreams you had of making it big time slowly turn into a weekly struggle to pay the bills. That leads to stress at home and in your business.
If you are a leader of people… or if you simply work with other people… you know exactly what I am talking about! Constant misunderstandings, conflicts, and failures to communicate kill productivity and drag the bottom line down with it. At the end of the day, you feel like you are running an adult daycare instead of a legitimate business.
Each person on your team is motivated by something. There are unique drivers for every individual that causes them to value the things they value, communicate the way they communicate, and work the way they work. If you can unlock those unique drivers, you can unlock the secret to building a cohesive team that succeeds together.
The day is fresh and you are bent on being productive! Good for you! Problem is, it’s only 7:30 and the day has not even started throwing it’s business at you.
By the time 10:00 rolls around, that aspiration of productivity is only a distant memory and you are chasing rabbits as fast as you can run! It’s been one distraction after another. More often than not, someone walked into your office, sent you a text, or gave you a call. We call them momentum busters.
A distraction comes around and you don’t really consider how important it is, you simply give it 5 minutes of your time. Then another one gets 10 minutes. An hour later you are ready to get back to work… but you can’t even remember where you left off.
The reality is there is no way to shut out the world around you. If you want to have any hope of being productive, you’ve got to have strategies to help you define your priorities, focus your time, and fend off the momentum busters.
It’s 5:00 and it’s been a day. You’ve put out some fires and closed some deals. Tomorrow is already shaping up to be a bear…
But it’s quitting time so you can just turn it all off and pick back up tomorrow. Not so much!
As leaders, we constantly struggle to manage the pressures of business without sacrificing the time we have for our families. It can seem impossible to leave the office and show up at home ready to be present and engaged.
If you are a business leader or entrepreneur, you have chosen the path less traveled. What is it that drove you to take the hard road? Many people that I coach come to me because they no longer know why they are working so hard, or what they are even working for.
Their worth has become intertwined with the size of their bank account or pace of their business. They are working harder and faster and are burning out in the process. They can no longer tell me why they even want to have the business they created. The idea of living a fulfilled life is right next to winning the lottery.
A major source of stress is the money you owe to other people. As your business grows and your overhead expands, you become more leveraged. Financial freedom creeps further away with each employee you hire and every asset you buy. Sound familiar? Most business owners believe that leveraging debt is the only way to grow. […]
Not too long ago, the weight of my stress was so heavy I was suffocating. I had problems in my business, with my finances, and with my marriage. The financial stress drove me to put in more hours at work. The longer I worked, the less time I had for my family. This cycle of […]
A business is simply an organization created to carry out the dreams and ideas of the entrepreneur who begins it. Everything good and everything bad about a business is a result of the leader’s perspective and actions. Everything rises and falls upon a leader. For a business to be healthy, balanced, and growing… the leader […]
In the business world, we hear a lot about purpose statements and mission statements. The intention behind a mission statement is to create a meaningful and memorable phrase that summarizes the foundational ideals, core beliefs, or initiatives of the company. But these statements are more than just a phrase. When taken to heart, these statements […]