Showing posts with label Business Planning. Show all posts
Showing posts with label Business Planning. Show all posts

Wednesday, January 29, 2014

Leadership a-z: T is for Time Management



Doing more with less is a key mantra of today’s business context. At the same time, most of us are
Time Management Wordle - Jennifer Britton, 2014
inundated with email.

Consider these factoids:

  • Managers may spend up to 40% of their time in managing email - more than 2.5 or 3 hours a day (hamsterrevolution.com)
  • You may face up to 56 interruptions per day (read the article from Wendy Cole in Time)
  • Information overwhelm - Today an issue of the New York Times contains more information than the average person was likely to encounter in their lifetime during the 17th century (Elaine Biech, 2007)


What are the implications for leaders? A constant barrage of information and communication, and the potential to quickly become overwhelmed with information and communication.

Today’s post provides four tips for time  management:
1. Know where your time actually goes. A lot of us “think” we know where we spend our time, when in fact it many not be representative of really where our time is being spent. A tool I share with leaders I coach is the Time Tracker. For the span of a week (or longer if your schedule varies greatly) track where your time is going. It may be useful to do this in 15 or 30 min increments. Electronically or on paper, note each block and categorize it into common categories (meetings, commuting, email, time with staff, reporting, relationship management etc). At the end of the week, summarize where you have spent your time.
As you review your schedule that week ask yourself:

  • What do you notice?
  • Where are you spending the bulk of your time?
  • What results are you getting from this? (Consdier the 80/20 rule in this context)
  • What changes are needed to support you in maximizing your productivity?


2. Prioritize - In a recent post, Leadership A-Z p is for prioritization, I shared four tools for prioritization. We have a fixed amount of time, so it is important to consider what really key in our work. The four tools I explored in the post include:
1. The Urgent/Important Matrix
2. the 80/20 Rule
3. Prioritization Matrix
4. Strategic Issues Mapping

These tools may be useful in supporting you towards more effective time management

3. Delegate - Delegation is critical for any leader’s success. Taking a look at your priorities, what are the things you really need to do and what can be handed off to others.
A recent blog post addressed the topic of delegation - which you can read here.
What tasks do you want to delegate?
 
4. Manage Interruptions: 
  Every time we get interrupted we need to stop what we are doing, refocus, and then start up again. We often don’t factor in the cost of “start up” again. While we may not be able to completely erase interruptions, we are able to manage them more effectively.

Some possible options for managing interruptions include:
- Keep an interruption log - like your time in general, where do your intrruptions come from. Which ones are “really important, and couldn’t be handled any other way”
- Create a dedicated focus time - this may require a change to the way you work. What time of day could you “close your door” for a centralized focus time. Communicating this time to other team members, or instituting it organization wide, can support more focused work, which may in fact shorten the time it takes you to get things done.
- Schedule times when you will check email and/or the phone. Depending on your role, email may be a constant interruption. It may be useful to experiment with creating dedicated email time, and turning it off at others. Communicate this to others so that they are aware that you will not be available or online at certain times.

A 2005 article by Spirex and Feintuch of BASEX estimates that interruptions consume 28% of a “knowledge workers” day, a cost of $588 Billion a year in the US (estimating a 28 Billion lost person hours and a cost per hour of $21/per worker). You can link to their article here.

Consider these questions:
What is the cost of interruptions in your day? 
Which type of interruptions do you face?
What approaches can you use to minimize interruptions?

Which of these four areas is priority for you? What resources would you recommend to others?

Best wishes,
Jennifer


Jennifer Britton, MES, CPT, PCC
Potentials Realized
Author of Effective Group Coaching and From One to Many: Best Practices of Team and Group Coaching (Jossey-Bass, 2013)
Phone: (416)996-TEAM
Learn more about our retreat and leadership development offerings and support 

Visit our daily tips for teams and team leaders at the Teams 365 blog
 
As an author Jennifer Britton is known for her thought leadership in the area of group and team coaching. She is also a former leader and team builder who spent the first 13 years of her career working within the United Nations as well as the international aid sector. From Boardroom to jungle, beach and forest to mountains, Jennifer has worked to develop teams and leaders in more than 18 countries, and virtually many more. She founded Potentials Realized in 2004 and focuses on leadership, teamwork and coaching skills training.

 

Wednesday, November 26, 2008

Creating a Powerful Business Vision

As we move into late November, a lot of business owners are starting to turn their attention to plans and strategies for 2009. Last month I held a special call on Creating a Powerful Business Vision - designed to get business owners reconnected with their vision for their business 1, 5 and 10 years down the road.

When was the last time you revisited your business vision, or even your own personal vision for your career if you are an employee?

As we move into the end of the year, there are going to be a number of opportunities to join me for some reflection time virtually. I will be holding several virtual retreats to provide you with the space and structure to take stock of the year that was, and plan for 2009. I hope that you will consider joining me for:

2009 BizSuccess Virtual Business Planning Retreat (by phone)
Friday December 5th and 12th, 2008 (1-4 pm Eastern both afternoons) OR Saturday December 6, 2008 (10-4 pm Eastern)

Join me for a high impact 6 hour business planning retreat where we focus in on your business, your goals and what you want to achieve in 2009. This business planning retreat is suited for small business owners, solopreneurs, coaches and trainers. Retreat from your home or office (or anywhere else you'd like!). The program includes the 6 hour phone based program which includes group calls online (15-20 min/hour) and individual planning time offline, as well as the 2009 BizSuccess Virtual Planning Manual, and a group follow up call. Space is limited to 15 business owners. Cost: $150 US. Click here for more information.

Leverage Your Time for 2009 Personal Planning Retreat (by phone):
This personal planning retreat is designed to support you to renew, recharge and refocus while creating a powerful plan for 2009. A major focus of the retreat is in supporting you around time management tools and creating some space to reflect on what's important. The program includes 5 hours of structured group and invidual exercises. You will also receive the Leverage Your Time Retreat Manual (by email) and a group follow up call in January.

Choose from 3 different dates:

Saturday December 13: 10-3 pm (Eastern)
Friday January 2: 10-3 pm (Eastern)
Saturday January 17: 8-1 pm (Eastern)

Click here to register or for more info. Cost: $125 US

I look forward to having you join me this holiday season virtually!

To get you started on creating your own personal or business vision, please consider the following questions. 5 or 10 years from now:
* What are you doing?
* What are you known for?
* What are you excited about?
* Who surrounds you?
* Who are you influencing? Who are you being influenced by?
* What are you especially good at?
* What do others say about your work/your business/your life?

Warm wishes,
Jennifer

Jennifer Britton, PCC, CPT
Potentials Realized
Toll Free: 1-866-217-1960

Wednesday, January 02, 2008

Happy New Year!


Happy New Year! And welcome back to the Biz Toolkit blog. I hope that you each had a wonderful holiday and got some well deserved rest. Are you ready to make 2008 great?

For those of you who like New Years predictions, I've come across some great blog posts that are already out there including:

Amit over at How to Manage Human Resources : 60 HR Predictions for 2008



Queen's University's (Canada) Predictions for 2008

What other posts have you read about New Year business predictions that you've liked? What are yours? Feel free to comment below.

Do you want to make 2008 great for your business?

If you are looking to make the new year great and you are a business owner, I hope that you will consider joining me for the 2008 Biz Success Virtual Planning Retreat. If you haven't had the chance to do your business planning for 2008, here are three chances to join me for a six hour structured business planning retreat by phone.

No need to leave your office and all your resources. Each hour we will meet for 10 -15 minutes by phone as a small group to focus in on a new area of business planning, and then we will spend the remaining part of the hour offline doing our own work on our own business. This program will be of interest to new and experienced business owners -- anyone who wants to ensure that business will be great in 2008! See my earlier post on December's programs here.

You have three sessions to choose from:

BVR-081: Saturday January 5 (10 - 4pm EST) OR
BVR - 082: Sunday January 13 (10 - 4pm EST) OR
BVR - 083: Thursday January 17 and 24 (7-10pm EST both evenings)

In addition to the retreat, each group will have a follow up call, and each particpant will receive the Biz Success Planning Manual by email. This is a resource for the retreat and for the year ahead.

Your investment - $150 US or Canadian. Space is limited for each virtual planning retreat so email me if you'd like to reserve your spot. You can also call me toll free at 1-866-217-1960. Download a registration form here.

Have a wonderful start to the year!

Warm regards,
Jennifer
Jennifer Britton, PCC, CHRP, CPT
Potentials Realized
Toll Free: 1-866-217-1960

Sunday, December 09, 2007

Year End Review and 2008 Visioning - Audio

Every year at this time I send out to my clients a special exercise, to help them reflect on the past year and do some planning and visioning for the year ahead.

This year I am pleased to provide you with a link so you can listen to it:




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I hope that you enjoy it! I know that you will find this useful, whether you are a business owner, manager, virtual team leader or team member.

I'd welcome your comments -- as always, please feel free to comment below.

Warm regards,
Jennifer

Jennifer Britton, PCC, CHRP, CPT
Potentials Realized
Toll Free: 1-866-217-1960
Email: jennifer{at} potentialsrealized.com

PS - Stay tuned for a number of special virtual retreat programs to wrap up 2007, and kick off 2008! Space still remains in Tuesday's Biz Success Virtual Planning Retreat for Small Business Owners (7-10 pm EST on Dec 11 and 18/07)

Monday, November 26, 2007

Business Owners - 2008 Virtual Planning Retreat

Haven't had the chance to do your business planning for 2008 OR to develop a vision for what you want to create with your business next year?

If you are a business owner who reads my blog you will know my thoughts on how important taking the time to plan for your business really is.

I am pleased to be offereing the 2008 Biz Success Virtual Planning Retreat(TM) for Business Owners next month. This is a virtual business planning retreat for small business owners, so you can dedicate time to planning, without having to leave your office. We'll be meeting by phone for an intensive 6 hour planning retreat, held by phone, over the course of two weeks.

So, you get tools to apply immediately to your business and your planning efforts, dedicated space to focus on your business (we meet for 15 minutes of every hour as a group with the rest of the hour spent off line working on individual planning), and the support of a group environment.

Business owners who attend will:
* Develop their vision for 2008 for their business;
* Explore or reconnect with their business values;
* Set their major Business Objectives for 2008;
* Develop a Business RoadMap for 2008;
* Develop their 2008 Marketing Strategy and Plan;
* Develop an operational budget and partnership strategy for 2008.

The Biz Success Virtual Planning Retreat will be of interest to new and seasoned business owners who are committed to conscious, intentional action and planning for their business.

Retreat participants will receive:
* 6 hours of structured retreat time (combination of group work and individual planning time)
* A virtual retreat manual with exercises, tools and templates for their business planning
* A one hour group follow up call in January
* Individual follow up coaching sessions (Gold and Silver packages only)

Space is limited to 12 business owners per session.

Space is still available for the business planning retreat held on:
Tuesday December 11 and 18/07 from 7 - 10 pm (EST)

For more information or to register, please visit the dedicated web page on the program here. You can also email me at info@potentialsrealized.com if you would prefer to pay by Visa (by phone).
Your investment?
Gold Package: $550 for retreat plus 2 hours of follow up 1-1 business coaching
Silver Package: $350 for retreat, materials plus 1 hour of follow-up 1-1 business coaching
Bronze Package: $150 for retreat, materials and recording
It's a win-win for you and your business. Remember for every 10 minutes spent planning, you are going to save at least 2 hours on effort. So imagine the impact of 6 plus hours of dedicated focus on your business planning? I look forward to having you join me!
To your continued business success,
Jennifer
Jennifer Britton, PCC, CHRP
Potentials Realized
Toll Free: 1-866-217-1960

Sunday, March 11, 2007

What's in a business plan

I had the pleasure of running a 50 hour Developing a Business Plan course over the last few weeks which led to the development of 15 new business plans by participants. The course has launched some really innovative plans - from golf courses, to restaraunts, to a financial service firm, to a tailored concierge services, to a Muskoka based resort.

This post is the first of many I will be posting on the ins and outs of business planning for small business.

The Nuts and Bolts of Business Plans
Copyright 2007 - Jennifer Britton. All Rights Reserved.

If you are a small business owner, what's the status of your business plan? Is it still collecting dust on the shelves, or do you consistently refer back to it?

Business plans are not only a useful tool for leveraging needed capital, but they can be an invaluable tool for business owners. A business plan should be a living, breathing document, which is regularly updated and referred to.

One of the most common questions I often receive when coaching business owners is, what should a business plan include?

Typically, a business plan should include the following sections:
* Table of Contents
* Executive Summary
* Business and Management Overview
* Marketing (which includes the 4 Ps - Price, Product/Service, Promotion, and Place (Distribution), industry analysis, and market review/research)
* Location Information for the Business
* Personnel Requirements
* Legal Requirements
* Financial Requirements

As each industry and business is different, the skeleton of the plan will look slightly different.

If you are in the process of developing your own plan, or revising one, which sections are most challenging for you to work on? I'd love to get your comments and will create new posts based on your questions.

In future posts, I will delve deeper into some of the areas of the business plan which can be of interest to any entrepreneur or small business owner. Stay tuned for future editions - including marketing, product/service offering, market research, industry analysis.

For all business owners out there, here's a challenge: What one thing can you do this week to revive your business plan or move your business plan forward?

Looking forward to connecting again soon on this issue,
Jennifer

Jennifer Britton, CHRP, CPCC
Potentials Realized
Email: jennifer[at]potentialsrealized[dot]com

Monday, December 04, 2006

What's Your Plan for 2007?

I love this time of year – every year I carve out time in December to finalize plans for my business for the upcoming year. What do you have planned for 2007?

If you haven’t done so, set aside at least 30 minutes over the coming weeks to start planning and visionning for the upcoming year, as well as celebrating this past years successes. Here are some questions to get you going (and feel free to add your own):

Reflecting on 2006:
1. What was the scope of my core business this year?
2. What new clients am I serving? What new products/services am I offering?
3. How did my business results compare to my business objectives for the year?
4. What new skillls have I gained that will be useful for my business?
5. What new knowledge do I now have that will be useful for my business?
6. What new contacts did I make?
7. What new resources did I acquire that will be useful?
8. What am I most proud of accomplishing this year with respect to my business?
9. How will I celebrate this?
10. My biggest learning about my business this year was....
11. My biggest stretch this past year was.....

Visioning for 2007:
1. My vision for 2007 is...
2. I want to serve ____ clients/customers in 2007 (insert number). I want to serve these particular clients/customers:
3. I want to generate ____ dollars in 2007
4. What additional resources do I need in order to make my business as successful as possible?
5. What additional skills or knowledge do I need to make my business as successful as possible?
6. One limiting belief I need to overcome next year is…
7. One thing I can do next year to grow my business is…..
8. One thing I can do to challenge myself, and my business, next year is….
9. My three most important goals in 2007 are.....
10. By December 31st 2007, I want to have……

Stretch yourself to make your vision for 2007 as big, bold, specific and challenging for yourself as possible. Refer to your vision often, share it with the world. Who can you draw on for support to make this vision a reality?

I will be starting the 90 Day Biz Success program, an intensive group coaching program for business owners who are looking for a structure for peer support and resources to move their business forward. The program will start on Monday January 8th, meeting bi-weekly on Mondays from 7-8 pm (EST). Group calls will be held on January 8, 22, February 5, 19, March 5, 19 with the final call on April 2/07.

The program includes:
* 7 x 1 hour group coaching calls (by phone in a teleseminar format)
* 3 x 30 minute individual coaching sessions with myself
* Module Notes
* 36 Biz Tips Delivered to your inbox 3 times a week for the 12 weeks
* A group follow up call one month after the program ends (May)

We will be covering a range of topics pertinent to business owners and their success, including visioning, identifying your leverage points, marketing strategy and budget, and much more. For more information, please visit: www.groupcoachingessentials.com/pages/bizsuccess. The program costs $149USD/month or $350 USD for the entire program. Space is limited to 8 business owners. To register please contact me at 1-866-217-1960 or email me.

I look forward to hearing from you. Please feel free to comment on the exercise!

With best wishes,
Jennifer

Jennifer Britton, CPCC, CHRP, CPT
Potentials Realized
Email: jennifer [at] potentialsrealized[dot]com

Tuesday, September 19, 2006

Are your goals sitting in the drawer?

I came across a great blog and resource regarding goals last week -- Jill Koening's Goal Blog (www.goalblog.com). Jill was featured over the weekend on Fox News Saturday.

Goal setting, along with time management, continue to be some of the most prevalent issues facing organizational teams and businesses today. When was the last time you revisited your business goals? Your team/department goals? Your own personal goals?

As we move into fall, and soon into the last quarter of the year, consider your goals for 2006. Have you looked at them lately, or are they collecting dust in your drawer after being written down earlier this year? What goals have you accomplished this year? Have you taken the time to celebrate them? What goals are still left? What can you do to ensure you meet them?

The next 90 Days Business Success Group Coaching program will be starting on October 9th on Mondays from 7 - 8 am (EST). We will be meeting twice a month as a group by phone, and once a month I will be doing a 30 minute individual coaching session with each participant.

The Business Success Group Coaching program is for business owners who are looking to create extraordinary results for their business. We will be covering a range of topics including business visionning, marketing, goal setting, and values. One of the most valuable components of the program is the momentum created and dedicated focus on your business for the 90 Day period. I will be writing more about the program on this blog in the coming weeks, as the next program starts very soon. Space is limited to 8 business owners. Registration forms are available here.

If you answered - my goals are still sitting in the drawer - and your vision for what lies ahead is BIG, I hope that you will join me in moving your business forward starting on October 9th.

To reserve your spot, please email me at jennifer@potentialsrealized.com or call toll free 1-866-217-1960.

With best wishes,
Jennifer

Jennifer Britton
Potentials Realized
www.potentialsrealized.com