Employees - Your Most Precious Resource

Matrix Key:  Financial Viability - Resource Management - People

"People are definitely a company's greatest asset.  It doesn't make any difference whether the product is cars or cosmetics.  A company is only as good as the people it keeps." - Mary Kay Ash

A vital component of Financial Viability is Resource Management.  Your company must be a good steward of the people, products, capital, and information it has available if the company seeks to be profitable.  The most valuable resource of all is your people.  In these challenging economic times, it may be easy to think that it is an "employer's market."  Many people are searching for work, and it could be tempting for employers to cut wages, benefits and incentives thinking that their workforce can be easily replaced.

Here's the thing...you wouldn't purposely buy inferior products, because the lack of quality will cost more in the long run.  Excessive employee turnover is another huge cost to an organization.  Better to hire, train and nurture excellent people who share your commitment to making the company great.

To properly care for your employees, you need to be taking the following actions:

1. Create a human resources department that can handle your employee needs and comply with all pertinent rules and regulations.
2. Train your employees well, and cross train them so they have a better understanding of other roles.
3. Provide consistent, visible leadership.  Make sure your employees know where they fit in to the company's goals and why you are asking them to do what they do.
4. Evaluate employees regularly and reward excellent performance.

If you recruit and train great people, you will want them to stay.  The best teams are those that have worked together over time and who feel like valued partners in the company's success.  When you have your A-team on the field, you have a much better chance of winning the game of business.

Are You Ready to Win?

The Production & Delivery Team

Matrix Key:  Financial Viability - Production and Delivery - Team

"Individuals don't win in business, teams do." - Sam Walton

Sam Walton knew a thing or two about building a viable business.  Whether your business is a small mom-and-pop operation or the next WalMart, it will not succeed without a production and delivery team that is committed to winning the game.  Take a look at how this shows up in the WholeLife Matrix.  It's not just a matter of hiring the right people and stepping back.  Business owners and managers have a responsibility to consistently coach their teams to perform effectively on the playing field.

Successful production and delivery teams depend on four key components:

1. They have a common goal.
2. They are committed to a high level of performance.
3. They can easily define and align on their purpose.
4. They have a plan and know how to execute it.

Putting together a high performance team that can deliver on the company's goals over time is a huge part of a manager's job.  Motivating your team is an ongoing and necessary process, but it is one that will pay tremendous dividends in the long run.  If your team is unskilled and uninspired, your business will fail.  Better to devote some resources to creating teams that can win the game.

Are You Ready to Win?

Managing stress

"Worry often gives a small thing a big shadow." - Swedish Proverb

The ability to manage stress can make the difference between success or failure of your business. Stress has an impact on performance and interactions with others. The better you are at managing your own stress, the more you'll positively affect those around you and the less other people's stress will negatively affect you.

How do you know when stress is affecting you physically? Do you feel:
· Anxious, irritable, or depressed
· Uninterested in work
· Unable to get a good night sleep
· Unfocused and unable to concentrate
· Physically ill: tension headaches, stomach problems, high blood pressure, heart issues
· Withdrawn socially
· Loss of morale and drive
· Lack of control when drinking, eating or smoking

Some causes of stress:
· Fear of losing job or business
· Increased work demands due to downsizing
· Fear of not being able to perform at optimum levels at all times
· Guilt over having less time with family
· Lack of time for yourself

How to Reduce Stress:
· Begin a fitness program – walk, jog, bike, yoga – just make sure you make time to get in some cardiovascular activity to recharge your batteries and get the adrenaline flowing through your body
· Eat a balanced energizing diet, low in sugar and salt and high in dietary fiber and protein and low in saturated fats and trans fats
· Get enough sleep – eat a healthy night time snack with tryptophan and calcium
· Reduce alcohol consumption and nicotine
· Get organized – reduce bad habits and time wasters
· Get emotional, psychological, and/or physical help
· Take vacations and recharge

As a business owner, you can help reduce your employees' and your own stress by offering a support network, education, and reminders to keep stress at bay. Design a wellness program which provides stress management. Endorse and encourage physical fitness activities to help with stress. Talk to your employees and give them the ability to express their work-related issues so you can have a basis on which to make change occur. Putting programs in place can lead to reduced stress, improved productivity, and ultimately can help reduce your own stress about your business. When you are feeling good, you can be the leader your business needs you to be and you will be poised to win.

Are you ready to win?

Performance and the Work/Life Balance

"Discipline is the whole key to being successful. We all get 24 hours a day. It's up to us what we do with those 24 hours."
Sam Huff, NFL Linebacker

According to Dictionary.com, performance is the manner in which or the efficiency with which something reacts or fulfills its intended purpose.

At Possibilities Unlimited, we are committed to coaching you and your business to peak performance. When athletes train, they know that their peak performance comes when they achieve the best results with the least effort. When they develop a rhythm. When they combine their skills and experience to maximize their opportunities. We work with clients to reduce the effort needed to achieve the desired results – to achieve peak performance.

Business people are busy people. Business people do not have time to waste on situations that are not working. They typically have more things to do than they have time to do them. Well guess what? You will always have more to do than time to do it. We coach people to change their relationship with time. We train people to live the business/life they create instead of one created by the circumstances.

We coach people to put vacations back into their lives. To put family time back into their lives. Golf time back into their lives. Even elite athletes recognize the importance of rest and rejuvenation. You can’t be at the top of your game if you never take a time out.

Managing time is a skill and a discipline just like running or lifting weights. Everything we do happens in time. Work and play both happen in time, and if we can’t manage our time, we can’t manage our business/life balance. We coach people on how to achieve peak performance in the time they have available, and produce more efficient, profitable businesses in the process.

Remember that winners are those who consistently achieve peak performance on the playing field. That peak performance is a result of both hard work and rest, of managing time to achieve a competitive balance. For specific tips on how to set up a weekly schedule for your business, visit our website or call us for a personal consultation.

Are you ready to win?