Are you a Good Teacher?

As an Entrepreneur, are you a good teacher?

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

Similarly, 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 what 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

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What is Success?

Entrepreneurs start businesses with a worthy goal to be successful. However, how do they define success?

For many it is defined in terms of money or the ability to acquire material things. For others it is to be the biggest or best or change the world. A few define success as being famous. Some have noble objectives in terms of helping people, enhancing lives, creating jobs, or eradicating diseases.

No matter of how they define it, Entrepreneurial success is short-lived if it is not associated with happiness. Even if you achieve all the other objectives, if you are unhappy then success does not mean much.

Ensure your happiness to enjoy success. Define your success in terms of being happy for the long term!

Ravi Patel

www.patelCFOservices.com

Published in: on October 18, 2016 at 4:34 am  Leave a Comment  
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Attitude Adjustment

Do employee attitudes affect performance? Most likely.

Who performs better? Employees with positive attitudes about themselves, towards the company and their fellow employees have the capacity to perform at a higher level.

So what could Entrepreneurs do to improve the attitudes of their employees?

First, have an understanding on how your employees feel about the company and their fellow employees. Using your HR department to conduct formal and informal surveys could help this effort. If economical, have an objective, outside party conduct such surveys.

Supervisors should be sensitive to the problems faced by employees outside their work and how they might be affecting their performance. If the performance of an employees does not meet expectations, determine whether it is related to the abilities or skills of the employee or whether it is related to his/her attitude.

Then, Entrepreneurs based on collected data should develop programs that improve employee attitudes thereby enhancing performance. It is by no means a one-time effort, but should be reassessed and revised  periodically.

Ravi Patel

www.patelCFOservices.com

Freedom Brings Responsibility

Working for themselves and not others lead Entrepreneurs to start their own businesses.

Entrepreneur magazine states that people who work for themselves are happier because of the freedom that working  for one’s self permits. So valuable is the opportunity to be one’s own boss that  studies show you have to pay people twice as much to get them to work for others and still have the same level of job satisfaction as being self-employed.

Being your own boss will definitely grant you freedom, but be aware that it comes with serious responsibilities. There is no one else to take responsibility of and for your company and its stakeholders except you.

Self discipline is critical as someone else is not telling you what to do each day – you need to set you own agenda. Setting an example of leadership for the organization is your responsibility – there is nobody else above you. If you consistently play hooky, how can you expect your people to work?

Freedom is great, but make sure you learn to be a responsible “boss” for yourself!

Ravi Patel

www.patelCFOservices.com

Published in: on October 4, 2016 at 4:46 am  Leave a Comment  
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