Are you a business management master?

By Lora Benson | Dec 12, 2016
It’s unlikely you started your business to become a manager. You joined the financial planning profession to help clients. However, if you can’t manage your business effectively, you’ll end up spending less and less time doing the client-facing work you love.

Tips From The Coalface, December 2016

It’s unlikely you started your business to become a manager. You joined the financial planning profession to help clients. However, if you can’t manage your business effectively, you’ll end up spending less and less time doing the client-facing work you love.

Here are some questions to consider:

•    Do you have the skills to solve your business challenges?
•    Have you got what it takes to successfully manage your team?
•    Are you able to move issues forward in baby steps, week after week after week?
•    Are you focused on what you will do, but also able to keep in mind what you are not going to do right now?

To succeed, and have fun in your work and life outside work, you need to be a business management master. That means:

•    Creating a credible and inspiring business plan
•    Holding weekly leadership team meetings
•    Identifying and resolving the issues that hold you back
•    Setting goals and reviewing progress in 90-day cycles
•    Collecting, analysing and reacting to meaningful Management Information (MI)
•    Communicating your vision to the team via quarterly State of the Nation meetings

Mastering these simple set of skills can make all the difference to your business and your life.