Tag: goal setting

Using Shop Downtime to Your Advantage

At certain times of the year people in our shop aren’t working as much as we would like them to be. We want them to be busy. We have plenty of work year around. And it’s nice to have some downtime, but we don’t want people to get “soft” when things slow down. How can we best use the quite times?

Thoughts of the Day: Quiet times in the business are a great opportunity for reflection on what works well and what could be done better. Imagining the future is essential for any production that intends to stay profitable. Make time for training in order to upgrade skills and boost efficiency. Use the time to celebrate and prepare for what’s next.

Ready to Sell Your Small Business

Getting my small business ready for sale. Makes me feel on edge and unsure. After 23 years of running this business I have to stop following my long practiced habits and focus on what’s next – how do I do that?

Thoughts of the Day: Transitioning from small business owner to something else is a process that many people find challenging to get through. Design your future. Make sure you’ve secured the finances you’ll need. Learn about all the ways that business owners sell their businesses when they’re ready to let go. Decide what you want your legacy to be and set yourself on the right path to sell your business.

Imagining the Future – build a plan

The good news is we’ve been growing. But we’re operating a company of 50 employees the same way as we worked when we were 20 employees. What should we be doing to make things better as we continue to grow?

Thoughts of the Day: Growing the company is a good thing, keeping up with growth can be a challenge. Think ahead about your future plan, build systems that will benefit a company twice the size. Figure out your leadership team of the future. Imagine your customers of the future. Build controls that serve the increased volume of activity. Learn about technology advances that can help you stay ahead of productivity and innovation curves.

Employee Empowerment

Letting Others Step Up

It’s hard to teach others how to do an exact act that you want preformed. I struggle with handing things over to others because I know how its done, how I want it done, and it often seems that…

Getting a Handle on Finance

  Why is keeping up with finances so complicated – I really don’t get it. It should be more straightforward. Maybe we don’t have the right people; maybe things aren’t organized enough? I constantly struggle to know what’s coming…

How to make a partnership work

The partner we thought we had has turned out not to be a true partner. We feel like they went behind our backs and directly approached our customers and our employees. This, after they’d agreed to keep hands-off. Thoughts…