The real reason employees lack ownership…
Some of the most common complaints I hear from business owners and managers is, “It’s tough to find good people to work for me!” and, “people just don’t take ownership of their job!”
You may think the problem is all because of a labor shortage, or that people lack motivation or a good work ethic, but it may be something else.
This is what I talk about in today’s video blog. Enjoy!
Do you have a practice that helps you hold your team accountable? Share it in the comments below or reach out to me on LinkedIn or Facebook and tell me.
Make it a great day!
Warmest,
Vicki
p.s. Get your free resource “6 Steps to Writing Great Position Agreements” and start building a team that takes more ownership.
p.p.s. If you found this blog useful, please share it? Thanks!
Vicki Suiter helps people see their businesses differently, then gives them the tools to do things differently. Since beginning her business in 1990, Vicki has helped hundreds of contractors achieve the kind of success they never dreamed possible. Today, in addition to consulting, Vicki is an in-demand speaker at industry conferences nationally and internationally. Vicki’s articles and opinions have been widely shared in print and across the web. She is also the author of the book “The Profit Bleed” How managing margin can save your contracting business.
I stopped doing this, and it made me less effective…
For the past few months, the topic of social media has been nagging at me. It’s something I know I need to pay more attention to. Not just because it’s a “should” but because I know that if I’m going to accomplish my goals, I’ve got to get better at what I’m doing in that arena.
Each week I move the “gotta address” list of social media issues from one place to another on my desk, promising myself that I’ll get back to it. Daily I think to myself “I’ve got to sit down with that list and make a plan.”
That nagging feeling and angst of uncertainty occupies a lot of space in my brain, and always has me wondering “am I going to completely blow it if I don’t do something with this stuff soon?”
Today while meeting with my VA (virtual assistant) Dortha who handles my social media, it suddenly became clear to me what the real problem is.
About three months ago I stopped meeting with her on our every other week schedule. We used to meet every two weeks, and when we did, we had an agenda and a list of projects we were working to move forward.
Without the meetings, those projects didn’t go away. And while we were communicating via email, there was always these pieces that just didn’t get addressed. Those pieces I kept in my head and kept carrying around on that piece of paper.
Today as we were talking, this sense of clarity and certainty about what we need to do next became completely evident. My angst and worry subsided, and I felt like we were back on the same page.
It was clear that our stopping our meetings made me, and her, less effective in what we are doing. And it caused me to let that “list” to occupy much too much of my mental time and energy.
As we ended our meeting we set our next meeting for two weeks. I knew that this was the key to my being more effective in this area of my business, and was reminded that when I have a consistent set of practices for managing results with my team, communication flows better, I have more peace of mind, and we get more stuff done!
Recently my friend Josh Patrick invited me to be a guest on his podcast, and on it, I talk more about how to create a consistent set of practices around managing for results, or as the title of the interview says, “Top Down Management.”
It’s a quick listen, so go check it out.
Josh Patrick Podcast
Vicki Suiter helps people see their businesses differently, then gives them the tools to do things differently. Since beginning her business in 1990, Vicki has helped hundreds of contractors achieve the kind of success they never dreamed possible. Today, in addition to consulting, Vicki is an in-demand speaker at industry conferences nationally and internationally. Vicki’s articles and opinions have been widely shared in print and across the web. She is also the author of the book “The Profit Bleed” How managing margin can save your contracting business.
The ONE thing you can do to ensure that candidate is a right fit…
When asked what their biggest frustration was as a manager, over 30% of survey respondents said they wished they were better at hiring.
In the early stages of my career, I remember feeling that way as a manager. I was hiring a lot of people who didn’t seem to be the right fit, and it was super frustrating.
Can you relate?
That frustration pushed me to learn how to hire better. I learned that one of the key steps was knowing how to ask better questions.
Questions that let you get insight into the candidate’s depth of their skill, practices, and qualifications to the job well.
Questions that let you how they think, their strengths, weaknesses, and how they problem solve.
Questions that help you get to know the candidate, not just on paper, but as a person.
Asking those kinds of questions gives you a whole different understanding of who that person is, and if they are really qualified to do the job.
In this week’s video, I walk you through what kinds of questions to ask, and what to listen for too. I help you understand how to set up the interview to ensure you’re confident and clear if the candidate is a right fit, or not.
At the bottom of this post, is a link where you can get those questions to use the next time you’re interviewing.
P.S. Each of the questions has tips on what to listen for as people respond. Those tips can help you listen for “right fit” in regard to skills, qualifications, and personality. And you’ll stop feeling uncertain as to whether or not that person can really do the job.
P.P.S. If you found this post helpful, would you please share it?
Vicki Suiter helps people see their businesses differently, then gives them the tools to do things differently. Since beginning her business in 1990, Vicki has helped hundreds of contractors achieve the kind of success they never dreamed possible. Today, in addition to consulting, Vicki is an in-demand speaker at industry conferences nationally and internationally. Vicki’s articles and opinions have been widely shared in print and across the web. She is also the author of the book “The Profit Bleed” How managing margin can save your contracting business.
Attracting “A-Players” to work for you…
In a survey I did last week, I asked respondents where they would like to be more effective as a manager or leader. 45% said attracting and hiring “A-Players” to their team.
The complaint I hear a lot these days is “it’s tough to find good people to work for us – it’s an employees market.”
That statement has me think back to 2009 when people were saying “it’s tough to find work these days – it’s a buyers’ market.”
While I fully appreciate the reality of supply and demand, this thought occurs to me…
Doing this 1 thing can help alleviate your worry…
As Don sat down across from me the worry and angst on his face was palpable. “What’s up?” I asked?
“I know we’re in better shape at the beginning of this year than we were last year at this time, but I’m worried that it’s not enough. I’m concerned that the economy is going to turn, and we won’t have enough work.”
I can relate. We’re all wondering when the economy is going to take a turn. And none of us have a crystal ball that will tell us that.
But what we do have is data. Data that can help us alleviate at least some of that uncertainty and worry.
I asked Don if he knew how much his backlog was as of the beginning of the year. “No” he explained, “we have just been pushing to get as much work done as we could by year-end to meet schedule deadlines, and we’re trying to ramp up bidding right now.”
With all the balls we must juggle as business owners, it can be difficult to take the time to stop and look at the data. And yet, it is exactly that which will allow us to get more clarity, focus, and certainty about what we need to be doing to “have it all turn out okay.”
Finding relief in the numbers
Looking at the data will let you move from worry and uncertainty, to have certainty and focus on what actions you need to take.
I asked Don if he could easily access this information, and could we look at it together. He said yes, and as we started to dig into his project reports we pulled out the following information…
The balance remaining on contracts at 12/31/18. I asked him to include T&M projects and an estimated amount that he would bill for the balance of the project.
Value of contracts on projects signed, and not yet started
With this data in hand, we spread out over 12 months the amount he projected to bill on each project by month. I suggested he be conservative.
Then we took his revenue goal for the year and split that out by month, taking into accounts fluctuations of when he is busier or slower.
We then tallied up the amount he projected to bill each month in total and compared that to his revenue goal by month.
This allowed Don to see exactly how much he was short or over per month and for the year to meet his revenue goals.
As we reviewed the data, Don’s face began to soften, and the look of worry faded from his face.
He suddenly smiled and said “wow, that’s the biggest backlog I’ve ever had at one time! And while I’m a little freaked out by the fact that I have that much more to sell this year, I now can at least see exactly how much that is!”
When you can see it, you can do something about it
In today’s video I walk you through how to use this kind of tracking tool and give you a link to a worksheet I’ve developed that you can use right now to develop your own backlog tracking worksheet.
As I told Don, and I’d recommend for you, if you want to have more peace of mind and alleviate the worry of whether your going to make it, update this spreadsheet every month.
Even if the numbers don’t show a picture you want to see, it will at least let you get clear on how much of a gap exists between where you are and where you want to be, so you will know definitively how much you still need to sell.
Hope you find this information helpful.
Warmest,
______________________
p.s. Get my Backlog Tracking Tool at no charge, and start having a greater sense of clarity and stop the worry!
p.p.s. If you found this article helpful, please share it with an associate or friend?
p.p.p.s. In my book, The Profit Bleed, I talk in more depth about other ways you can get more peace of mind and stop worrying. AND start having more control over the results of your business. For a limited time, it’s available for FREE, so check it out.
Vicki Suiter helps people see their businesses differently, then gives them the tools to do things differently. Since beginning her business in 1990, Vicki has helped hundreds of contractors achieve the kind of success they never dreamed possible. Today, in addition to consulting, Vicki is an in-demand speaker at industry conferences nationally and internationally. Vicki’s articles and opinions have been widely shared in print and across the web. She is also the author of the book “The Profit Bleed” How managing margin can save your contracting business.
Celebrating the wins…
Each December I ask my clients to share with me their biggest wins for the year. And as the discussion begins, I notice the stranges thing happens…
People want to tell me all about what they didn’t get done!
It’s funny how we’re wired to look for where we’re lacking, or not perfect, or falling short. Somehow we have this strange idea of that until we’re perfect, we can’t celebrate the wins!
In this weeks video, I share with you how I’ve helped my clients get past this – check it out… maybe it can help you too. 🙂
Warmest,
p.s. sneak peek… my book, The Profit Bleed has just been released in Kindle version – check it out.
Vicki Suiter helps people see their businesses differently, then gives them the tools to do things differently. Since beginning her business in 1990, Vicki has helped hundreds of contractors achieve the kind of success they never dreamed possible. Today, in addition to consulting, Vicki is an in-demand speaker at industry conferences nationally and internationally. Vicki’s articles and opinions have been widely shared in print and across the web. She is also the author of the book “The Profit Bleed” How managing margin can save your contracting business.
Done for you marketing – with Kyle Hunt
When your super busy, it’s hard to think about marketing. You know you “should” but who has time?
And, with all the choices for how you could be marketing – social media, networking, sending postcards, etc. – which is the right one to choose? How do you know which one will have the greatest return? It’s often this question that keeps us from doing any marketing.
The problem is this – when you don’t market when your busy here’s what happens…, after the current flood of work is over, you start to panic, you begin marketing like crazy, work comes in, you get busy, you stop marketing, and then work stops, you panic, then you market like crazy – and the cycle continues.
I call this the “roller coaster” of being in the contracting industry.
2 Numbers in your business you need to know
The one report I see most business owners don’t look at very often, if ever, is their balance sheet. The bummer is this – that means they don’ know two of the most important numbers that will help them grow a successful company.
It’s not because their lazy, or don’t care. Mostly it’s because they don’t know how to interpret what it says, or how to use it.
Is this true for you too?
In this week’s video, I show you what those two numbers are, and how to use them to build a stronger, more profitable business.
Want ideas for year-end bonuses?
Do you ever feel stuck by not knowing the best way to structure year-end bonuses for your team?
Do you wish you knew what other people were doing?
Since I get this question a lot, I decided to focus this week’s blog on different ways to structure year-end bonuses.
The Secret to Having Certainty in Pricing
I had the most interesting experience last month being a guest on my friend Kyle Hunt’s podcast, Remodelers on the Rise.
I came prepared to talk about pricing for profit and ready to answer the questions we’d outlined ahead of time. But right from the get-go, Kyle went off script. At first, I was concerned and thought “where is he going with these questions?”
He’d make these funny comments, or intersperse a light-hearted observation while I’d be making a point, which threw me off a bit.