I was thinking within myself, if I have to give the best reading experience, what is that I can do differently on this Blog. IÂ realizedÂ that tons of description may not excite any reader. Keeping it simple and sweet is the only way. Â While we want to give the best back to the readers, I decided to write a series of the 100 things that a business owner/CEO/Family Business Owner could do to improve his/her business with specific focus on People Management for better business.
I would be writing small bits of inputs/advise for business owners ,which could be used with ease. I would try not to cover these inputs in a sequence of the HR Process but based on the experiences of Â our teams from time to time. I would plan to summarize at the end to compile the series in an e-book for future readers. Â This way I would cover the important things first and may be of use for the readers.
In each of the posting I would like to share 5 such Important aspects with Inputs & Ideas if any. Please note these are not necessary in an order of Induction/performance during the course of building business. Use yourÂ discretion. If you have any question at any point please do write to me at : Â gr(at)husys.net
1. Vision & Mission :Â One of the most important ingredient of organisation building. You may want to focus on what you want to do in future and how you want to achieve the same. Â If you are aÂ start-upÂ you can build this with a team of first few and work with rest to improve and achieve the same. Making sure thatÂ everyÂ individual isÂ chosenÂ to fit into this framework and win in long-term. Â Please do not hesitate to part with people who may not fit into this framework. Link every of your actions/processes/policies for present and future.
Idea :Â You may build this including the core team and someone who can see your vision. Alternatively can use an external expert help in facilitating this process (Please do not ask external facilitator to draft for you)
2 – Building the Long-term & Short-term Objectives :Â While you have a vision and mission for your organisation. Even if you do not have a clear Vision & Mission Statements (In most of the organisation its true that they do not have a formal vision & mission statements). Set your clear goals for short-term (for Financial year or Calender Year). Â Make sure that the Objectives are Simple, Clear, Time Bound and measurable. Â Make it convenient for people to relate it to performance.
Idea:Â BuildÂ at-leastÂ Revenue targets with timelines(Sales, Collection etc.,), New initiatives in People practices, Processes and Future Expansion. Make sure that the same is communicated through a mail / team meetings / all employee meeting.
3. Set Expectations & Communicate Clearly:Â Its always best to set the expectations of performance at the beginning of the relationship with any employee in organisation. The longer the relationship without set expectations, difficult to agree/accept the reality of business.
Idea : Spare few minutes in writing the expectations and end output that measures the success of the individual on a peace of paper and Document(body of text) through an email. This 10-20 minutes of interaction and documentation can save many business days.
|4. Share the Business Realities :Â Do not hide or hesitate to talk about your business situation with the employees. I am sure they are equally aware of what is happening in business. Spare few minutes of time to share the business realities during regular meetings and send common notes through email. This can include information about objectives achievement, new happenings, new competition and any other challenges that the organisation is going through. Do not hesitate to share the difficulties and people would come forward to help. Â You would have people come forward to extend help who relate themselves with theÂ organisation|
Idea: Set a frequency of communication based on the communication and type of groups to be informed – function, divisions or overall organisation. Eg. Organisational Update to everyone by 5th of every month.
5. Ask for Help :Â Do not hesitate to ask for thatÂ extra-mileÂ help from people who work in your organisation. If you have shared your vision, mission, business realities frequently, it would be easier for seeking such support. You don’t do that every bit of business deliver anyway, you need people to run the business and take those right steps in the path of growth.
Idea:Â You can ask for any such support from the team immediately reports to you. Â In turn encourage the team to take further steps based on the ground realities.