Review Regularly
Keeping the organizational machinery well-oiled and active is one important responsibility of a business leader. To do this, the leader must be aware of what is happening in various functional areas of her business. The leader must not neglect any part of her business. She must design information architecture in such a way that all the important details of the business are captured regularly.
The next step after ensuring the availability of information is to review this information regularly. The leader must check various reports of her business and review the status of various tasks, projects and departments regularly. Check the chapter of Reports and Review Meetings for more details on this topic.
Follow-up
Most of the business leaders who fail to achieve business objectives, have failed to follow-up in time. Remember, people don’t listen as actively as we may wish them to do. Sometimes, people misunderstand also. Even if they listen and understand properly, they may forget or get distracted into something else. Due to this, they may fail to complete something very important. We may have experienced such situations with a lot of frustration. Such eventualities can be averted by regular follow-up. As a leader, it is our duty to follow-up with our people for all important tasks and projects which are going on. Ideally, we must develop a robust process where follow-up is automatic or it becomes unnecessary. Till then, we have to follow-up on our own.
Remember, things happen in organizations only when someone follow-up.
Focus
The focus of the leader is one of the most important requirements in ensuring business success. The business leader must spend his maximum time in developing the business and achieving business objectives. If, his attention shifts from the business to something else, the business will suffer badly due to neglect and hence, achievement of business objectives will be difficult.
Also, sometimes business owners get tempted towards some other businesses which have no connection with the current one. E.g. some people get attracted towards trading in stocks or commodities. They see some quick returns in that and start spending a lot of time in that while sitting in their office. Due to this, their attention on the main business reduces and the business suffers because of this neglect. Remember, every business requires commitment of time, energy and attention. This commitment is required more till the business stabilizes. If the current business has not yet achieved a state where it can almost run on autopilot without our daily and full-time attention, we must not venture into something else. In developing a business, as in achieving anything else significant in life, time is the scarcest commodity. We must utilize our time wisely and devote our maximum working time in developing the current business.
(Expert advice to GROW your business wherever you are, whenever you want.
SMEBusinessGuide.com… https://goo.gl/E3pfoQ)
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