Weekly Business Idea

July 12, 2018 – Are You Practicing Your Skills?

Posted on | July 12, 2018 | No Comments

Main Idea:

Do you have a world class business?  Do you want a world class business?  Are you on the top of your game?  Is your business working well or do you have a lot of surprises?  Do you put out fires or do you try to prevent fires from starting?

Expansion of the Idea:

The last few days I have watched replays of most of the World Cup semifinals.  Even though I knew who won, I watched the replays because I really like the game.  I can’t tell you how many times I was dumbstruck by a move that one of the players made.  The skill, athleticism, vision and creativity exhibited by the players is simply outstanding.  It is great to see athletes compete at the highest level.  Soccer players are some of the best athletes in the world.  Obviously, they were blessed with talent.  However, I am pretty sure that most of these players are some of the hardest working athletes you will find.  It is inconceivable to me that they could perform as they did without continually practicing their skills.

As I was watching the games, the following question popped into my mind:

Do I practice my skills as much as the soccer players do?

In my case, I have two types of skills to consider.  I have to think about the technical services that I offer to my clients.  I need to do my best to make them world class.  I take continuing education classes and meet with peers to discuss problems and solutions.   I practice these skills by performing accounting, consulting and tax services for clients.  I have spent a lot of time working on these skills.  I know that I need to continually improve in this area or I will be left behind.

 

The second type of skills that sometimes get overlooked are those needed to run a small business.   Even if you took a few management courses in college, none of us are really prepared to run a small business.  We get a lot of on the job training.  Some of this is good and some is bad.  Rarely, do we get intentional about how to improve our leadership and our management.  We are too busy trying to get the next sale or meet payroll that we don’t focus on our skills which would allow the business to really move forward.

What would be involved in practicing our leadership or management skills?  It might include:

  • Having a management checklist and system
  • Getting feedback from everyone around you every week
  • Taking courses or reading books
  • Watching leadership expert videos
  • Setting goals and evaluate progress towards them
  • Start measuring the right stuff
  • Brainstorm with your team on how to improve
  • Surround yourself with the right advisors and mentors
  • Having difficult conversations with team members or customers

Leadership and management of a small business requires intentionally doing what you think are the right next steps and then continually evaluating the outcomes.  When you are deliberately working on our business, you are at the same time practicing your management skills.  When you keep practicing with an open mind on the outcome, you will become a better manager and a leader.  And that will transform your business.

Questions to Ponder

  1. Do I have a management control plan?
  2. Do I know where the business is going?
  3. Do I intentionally work on my leadership and management skills?
  4. Am I learning new things every day?
  5. Am I really open to feedback?  (I mean really open.)

A great place to start on all of this is to go to the Global Leadership Summit on August 9 & 10.  That has been invaluable to me over the last 16 years.

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  • About

    These weekly ideas are brought to you by FitzGerald & FitzGerald P.C. For more information about how to use these ideas with your small business contact Tim FitzGerald at trfitz@fitz-net.com.