Simplify your Message

Do you believe that to effectively communicate your message you need to use more words? Is using too few sentences reducing the importance of your communications? Is being verbose mean you are saying something important? If you think so, you might be wrong!

Effective communication means driving home your point powerfully in as less words as possible.

People have a very short attention span, especially potential investors. If you can’t communicate your message succinctly yet powerfully, you might lose your audience. That is not a good thing.

Regardless of your target audience – investors, clients, employees, vendors, bankers or others – learn to fine tune your message. Make it short and simple, yet effective for them to understand and retain. The longer you speak or write, the less is absorbed.

People will not say that you didn’t speak long enough, but they will definitely tell you that your message was short but effective. What would you rather prefer?

Ravi Patel

http://www.patelCFOservices.com

 

 

Published in: on May 28, 2014 at 3:47 am  Leave a Comment  
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Involving Employees Effectively in Projects

“Too many cooks spoil the broth” is a common saying that many people have heard.

Is there a time to have too many cooks – employees –  involved in a project in an Entrepreneurial company? Absolutely.

For any major project, such as new product/service development, IT hardware/software selection or implementation, or building expansion, it is critical to have input from multiple sources to come up with the best specification for the new project. This type of diligence up front ensures that most ideas are considered and there is no critical issue of “second-guessing’ later on. The specification should not be a hodgepodge of ideas, but a solid framework that takes into account (though not necessarily includes) different viewpoints.

Once the project specification is defined, there should be minimal changes and the project management should be delegated to responsible staff without micromanaging by “too many cooks.” This is not the time to have too much employee involvement, but limited a designated few to spearhead the implementation.

Entrepreneurs need to know when to have too many employees involved in a project, and when not to. Do the Right Things!

Ravi Patel

http://www.patelCFOservices.com

 

Be a Good Teacher

As a leader or manager, are you a good teacher?

Lessons from a good teacher – whether in business or personal situations – remain throughout life. How often can you refer back to something that a great teacher taught you and marvel at the teachings, even after many years!

On the other hand, bad lessons also stay in one’s memory; however, what would you rather be remembered for?

Good leaders most often inspire their followers not only with the actions they take, but also with what they teach their followers. As a business and Entrepreneurial leader learn to educate your employees the right way to think, and the correct actions will follow for the rest of their lives. Don’t always tell employees to do, but make them learn how to do it.

Most Entrepreneurs and managers don’t take the time to coach their employees as they claim to be too busy and are focusing on current tasks. For the long term success of your company and as a true leader, it is more important to enlighten your employees so they themselves can be effective at what to do.

Do the Right Things – strive to be a good teacher for your employees.

Ravi Patel

http://www.patelCFOservices.com

 

Recover from Mistakes

Some Entrepreneurs are just too much of perfectionists. But, they can’t afford to be so!

Entrepreneurs often try not to make mistakes. Sometimes they try too hard. Is this a good thing? Not making mistakes is good, but trying too hard not to make them could be counterproductive. Trying too hard to avoid mistakes often causes them.

Instead learn to recover, somewhat quickly, from mistakes. If one accepts that mistakes will happen, then the correct mindset should be to develop a process to recover from mistakes.

For Entrepreneurs this is even more important. First, they need to recognize that a mistake was made. If not, they might proceed too far down the wrong path costing them time and resources. Second, Entrepreneurs should train their people to recognize mistakes. Finally, they need to develop a well thought-out process to not only recover rapidly from mistakes, but also to learn from such mistakes and implement internal controls to avoid such faux-pas in the future.

Do the Right Things by recovering quickly and learning from mistakes.

Ravi Patel

http://www.patelCFOservices.com