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CANI!

Thursday, April 30th, 2009

bill-cullen-400x260I facilitated a networking event on behalf of the Limerick City, Limerick County, Clare County and North Tipperary Enterprise Boards on Wednesday last where we had as the guest speaker - Bill Cullen of “The Apprentice” and “Penny Apples” fame. Bill spoke for over an hour giving his audience ideas on how they can not only survive this recession but to actually thrive in it. One of the strategies he mentioned, was one I had come across from Anthony Robbins a few years ago called CANI.

CANI stands for “Continuous And Never-ending Improvement”. I am not sure was it Bill Cullen or Tony Robbins or someone else who came up with this concept but it is very relevant and something all of us as small business owners need to pay attention to.

Personally I have noticed that in some areas I have not being doing CANI! My website for example has become a little outdated. In actual fact, so much so, for several weeks after its launch, there was no link on my website to this blog.

I realised a few years ago that CANI is one major way that I can feel truly alive. I believe that when I stop learning I am in trouble. Being open to learning has hue benefits not just for business where you can discover great new ways to deliver even better value to your customers, but also for your personal life. Because of this attitude, I will strike up conversations with strangers in shopping queues, I will read sections of the paper I would normally dismiss, I listen to other people’s opinion more intently and all this is great fun.

From a purely Business perspective, CANI is critical. The ways we did things in the boom will not produce the same results in times of perceived scarcity. Everyone will need to brush up on their selling skills; we all need to get more informed about how to read our financial statements and accounts. We need to start looking at how we can add more value to our existing produces and services and how we can encourage our customers to buy more from us. The first step in making any of these things happen is to adapt a Continuous and Never-ending Improvement philosophy.

My next blog entry is going to discuss the 2 fundamental reasons people buy anything. A “must know” piece of knowledge for anyone in business.

You have squeezed every bit of cost out of your business - now what?

Tuesday, April 21st, 2009

There is an old saying that it is better to work SMARTER than HARDER. Here are some points to ponder that might be what you and your business need to strive in this recession.

As a Manager are you trying to do it all yourself? Are you slow to delegate and let other people take on more reasonsibility? When speaking to Business owners I find quite often that they are just not sure what the best way to delegate to. Here is a simple 7 step process to delegating that I hope you will find useful.

Step 1:  Get very clear in your own mind whatthe reasons are for delegating - ask yourself why am I delegating to this person and why this job.

Step 2: Provide clear instruction as to what needs to be done, making sure to check with the person that they have understood. One great way to do this is to ask the person to summarise in their own words what they believe is being asked of them. Any minunderstanding can be sorted out at this stage.

Step 3: Identify the resources that the person will need to complete the task and make sure they have access to these resources. One of the top reasons employees do not feel engaged with their work is because they do not have the resources to adequately carry out their role.

Step 4: Agree deadline and interim milestones and when  / how work will be checked. It is best to avoid having random and overly frequent progress checks as the delegatee may feel micro managed and could end up not making any decisions for fear of making a mistake. Point out that mistakes are there to be learned from, not to be punished for.

Step 5: Give regular and constructive feedback. All feedback does not have to be good, in fact this would be counter productive as people need to know where they are going wrong.  At the same time, make sure to catch people doing things well and praise accordingly. Remember the timeless advice - praise in public, criticise in private.

Step 6. Retain control: This does not mean micro managing the person, nor does it mean giving the person such a small task to do that it is hardly worth doing at all. Agree when and how often progress will be reviewed and in what format. Once agreed, stick to the plan and don’t all ow yourself to “check-in” on an adhoc basis. The person needs the space to learn and to figure out “THEIR” way of getting the job done. Very often, Managers find that employees find much better ways to do things than they can.

Step 7: Provide the person with support, which is agreed up front. Your role is not to provide instruction but more to act as facilitator to assist the person in figuring out the best way for them to get the job done. It is not about doing it exactly the way the boss has always done it.

For more indeas on delegating, more detailed articles are available in the article section of our website.

Welcome to my blog :-)

Monday, February 23rd, 2009

I have read and heard so much about blogs that  I have decided to start one myself and see what all the fuss is about. Up to the summer of last year - 2008, I had been publishing monthly newsletters that contained lots of interesting and useful articles, inspiring quotations and sources of information aimed predominantly at owners and managers of small and medium sizes companies in Ireland. I was at the same time contributing to a biweekly comumn in the Business section of the Limerick Leader newspaper. One of the many benefits that I got from writing the newspaper articles and publishing the newsletters was the opportunity to get my thoughts in some kind of order, teasing challenging situations out and solving problems for myself and my clients. I found that writing forced me to structure my thoughts and make some sense from them so that both my readers and I could understand them. In all honesty, the reason I stopped publishing the newsletter was that I felt that I was not getting enough return and new business to warrant the effort that it required.

This blog is in essence a forum for me to put some structure on my thoughts about the challenges facing small and medium sized businesses today which will (a) allow me provide a better service to my business coaching clients and (b) provide you the reader of this blog with tips and tools to help you navigate your business or career through these tough challenging times.

I sincerely hope you check in regularly, I don’t envisage that I will be updating the blog any more than once a week but I will review that in 3 months.

Fergal.