Assessing Your Assets

Have you ever considered taking an inventory of your “business” at year-end?

What are your really valuable “assets” (not in the accounting sense) and what is the balance that you are carrying at year-end? You might want to prepare a list of such “assets” for assessing where you are, determining what you need to grow such assets, and monitoring progress throughout the year.

An Entrepreneur might consider certain goods and services, pertinent technology, engaged and high-performing employees, key clients, reliable suppliers, valuable advisors, and so on as core “assets” to run a successful business.

Taking inventory of these assets at year-end, and planning on how to increase them in the coming year could be a key component of your annual plan. Measuring your assets at the end of the next year would determine your performance in this area.

Do the Right Things!

Ravi Patel

http://www.PatelCFOservices.com

 

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Published in: on December 19, 2017 at 4:27 am  Leave a Comment  
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Working Hand in Hand

Leaders lead from being in front of their people – not only in their thinking but also sometimes physically.

However, if Entrepreneurs are always ahead of their people, they might not follow. This could be for many reasons. Entrepreneurs might not have fully convinced employees of the reason for the task at hand; they might have previously seen you in action and are hesitant; or they don’t fully know you yet as they have not seen how you work.

Entrepreneurs might want to lead their people by being and  working side by side with their employees to mitigate these reasons..

Leadership by example can only happen if you are willing to roll up your sleeves and work with your employees in doing tasks that are necessary. That means physically working besides your people rather than isolating yourself.

Leadership does not always mean that you decide and your people follow. Work with your people to tackle issues and develop with them solutions that need to be implemented. Think with them by involving employees in the process.

Situational leadership demands different styles – leading from beside your people is one of them.

Ravi Patel

http://www.patelCFOservices.com