Productive or Not?

Entrepreneurs, are your employees productive? How do you know? Claiming to have good employees is one thing, but backing it up with data is essential.

Do you establish metrics to measure productivity directly based on your annual company goals?  Are the metrics simple and easily understandable? Do you communicate them effectively to your employees? How often do you post or discuss measured results? Are there periodic meetings to analyze performance and develop methods to improve productivity?

“Doing more with less” is a nice slogan, but proving it with productivity measurement data makes it more meaningful.

If you do measure productivity of your employees and do obtain successful results, have you aligned your reward systems to be in line with productivity improvements?

Improving productivity of your employees is a sure way to deliver more to the bottom line. Are you doing that? If not, why not?

Ravi Patel

http://www.patelcfoservices.com

 

Being Productive

Entrepreneurs often are fixated on the notion that working long hours translates to success. Most often this is not true.

Is working long hours always a good thing?

How productive you are is the determinant of success, not necessarily working long hours. Of course, one needs to put in the effort to succeed. However, make sure that the focus is on “Doing the Right Things,” not doing too many things poorly.

The working longer syndrome sometimes is also transferred to the Entrepreneur’s employees. Entrepreneurs sometimes have a tendency to judge employees on how long they work. The focus should be on what employees accomplish and how productive they are.

Stress time management and productive effort to enhance performance! Working hard is good only if it is productive.

Ravi Patel

www.patelCFOservices.com

Productive Conflcit

Can conflict be good for Entrepreneurs?

Entrepreneurs are often used to acting decisively, but often make their decisions alone without alternative viewpoints. This works while the company is in the infancy stage, but prudent, consistent management requires input from various points of view before arriving at decisions.

Encouraging healthy and productive conflict in your organization where diverse opinions and alternatives are sought is a recipe for long term success. Optimal decisions are made when multiple facets of an issue are considered by analyzing pros and cons. Surrounding yourself with people who mostly say “yes” to the Entrepreneur/CEO is not a healthy situation.

Productive conflict is healthy and beneficial for soliciting diverse thinking on issues. Arriving at decisions after considering all sides is optimal for a growing organization. Obviously, once the decision is made everyone needs to be aligned behind the decision. Conflict then is not healthy or productive.

Ravi Patel

www.patelCFOservices.com

 

Published in: on September 3, 2013 at 5:13 am  Leave a Comment  
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Working Hard

Entrepreneurs often talk about how many hours they work at their businesses. They are fixated on the notion that working long hours translates to success. Most often this is not true.

Is working hard for long hours always a good thing?

How productive you are is the determinant of success, not necessarily working long hours. Of course, one needs to put in the effort to succeed. However, make sure that the focus is on “Doing the Right Things,” not doing too many things not too well.

The working longer syndrome sometimes is also transferred to the Entrepreneur’s employees. Entrepreneurs sometimes have a tendency to judge employees on how long they work. The focus should be on what employees accomplish and how productive they are.

Stress time management and productive effort to enhance performance! Working hard is good only if it is productive.

Ravi Patel

www.patelCFOservices.com