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  • Other Added - How to Apply EMyth Principles to Your Leadership Role

    Essentials to Customer Loyalty
    Every business, whether online or offline, needs customer loyalty in order to be established for the line of work it is trying to be known for. All businesses work hard not just to get a good impression but to make a lasting one of reliability and value that makes them acquire the hard-earned customer loyalty. Especially with industries that are mainly service oriented, having customer loyalty is synonymous to bigger earnings and more opportunities to grow. There are different essential that can pave the road to customer loyalty for businesses.Link up with other subscriptions If you are still new to the business, linking up with other more well-established websites related to what you are selling will help you get noticed. The loyal followers of what you are linking up to may also link up on you and conjoin thoughts of your website to be related to that which they faithfully subscribe to. If you manage to invest a cert
    in the business and more to do with how it’s done. The commodity isn’t important – the way it’s delivered is! Your business is your product.

    You develop your strategic objective by asking “How will my organisation look? How will it feel? How will it work? How will it justify its existence financially?” Write your Company Story – the standards and character of your organisation.

    Once you’ve done this the tactical objectives will start to reveal themselves, because once you determine this is the kind of organisation, then it’ll follow that that is what we must do to manifest it. The strategic objectives therefore beco

    Do You Hate Bookkeeping?
    If you hate bookkeeping, you are not on your own. For most small business owners 'bookkeeping' is a major pain; a real chore. If you have to choose between selling your products and services or keeping your books in order - the books lose every time?But it would be good to :know your cash position and know the bank balance before the statement arrives Have reports and guidance on your profitability? You want to be able to explain where your figures come from to the tax man if he should ask. Would you play football, cricket or golf and not bother to keep the score? Of course not, we all want to be in control of our businesses, but for the small business owner this has never been easy.Give serious thought to 'outsourcing' your bookkeeping to an expert, either an online bookkeeping service or a traditional bookkeeper.I
    Following on from a previous article on 'The EMyth Perspective' inspired by Michael Gerber’s book “The EMyth Manager,” I thought it might be useful to give you the overall context to this perspective and explain all 5 of Gerber’s EMyth principles.

    Gerber believes that every manager should treat the organisation (or their part in it) as a small business and think of themselves as small business owners; so these principles apply to leaders and managers in any size organisation, as well as to business owners.

    The first core principle is concerned with your life. Gerber believes (as do I) that you need to think of your business as a way of getting more from your life. Obviously in order to do that you need to know the purpose of your life, or have a vision of who you want to be and the kind of life you want to lead: Gerber describes this as your primary aim.

    Once you’ve established this you can then ask yourself whether the organisation’s aim serves your aim, whether the work you’re currently doing allows you to fulfil your aim, whether your company is a place where you can grow and experience yourself becoming the person you want to be.

    In other words, as a manager you must do the internal work first, the work on yourself that enables you to answer these questions, otherwise you might fall into the trap of accepting the organisation’s purpose as your own, committing yourself to it, fighting battles for it and progressing well. But you might wake up one day and ask yourself “Who am I?” “Where am I?” “What happened?” If so, you’ll realise you’ve passively relinquished responsibility for creating your own purpose, your own vision, your own life! Your vision, or primary aim, once created will become your internal benchmark against which you make all decisions concerning life and work.

    The second EMyth principle is ojectivisation or objectivising the business; viewing it as apart from rather than a part of you. You must see the business as a way of 'serving' your primary aim as opposed to 'being' your primary aim. Obviously, this would be impossible if you’d not worked on the creation of your own vision for your life, which is why the principles are in this order.

    This principle involves deciding on the purpose of the business, or its strategic objectives. This means viewing the business as if it was a product sitting on a shelf and competing for the customer’s attention against a whole shelf of competing products (or businesses.) Put another way, this has less to do with what’s done in the business and more to do with how it’s done. The commodity isn’t important – the way it’s delivered is! Your business is your product.

    You develop your strategic objective by asking “How will my organisation look? How will it feel? How will it work? How will it justify its existence financially?” Write your Company Story – the standards and character of your organisation.

    Once you’ve done this the tactical objectives will start to reveal themselves, because once you determine this is the kind of organisation, then it’ll follow that that is what we must do to manifest it. The strategic objectives therefore becom

    Unemployment: Are You Next?
    When recent college students were asked what “professional opportunities were available for them after graduation”, 84% believed their chances were “very good or better”. However, as many of these students will soon discover, the reality of reaching their employment goal is “grim at best”.How white-collar employment ended up in this situation is no mystery. American employment, years ago, was booming. “Made in the USA” and fair wages were a commonplace. Unfortunately, the American consumer wanted (and continues to want) the best of everything. They not only enjoyed the fair wages, but they also loved heading to the nearest Wal-mart for the hottest new deals.Simply put, American consumers took their paychecks and gave a large chunk of it to foreign competition. The primary reason why places such as Wal-Mart can offer such great prices is because the products come from overseas.As a result, the need fo
    ess as a way of getting more from your life. Obviously in order to do that you need to know the purpose of your life, or have a vision of who you want to be and the kind of life you want to lead: Gerber describes this as your primary aim.

    Once you’ve established this you can then ask yourself whether the organisation’s aim serves your aim, whether the work you’re currently doing allows you to fulfil your aim, whether your company is a place where you can grow and experience yourself becoming the person you want to be.

    In other words, as a manager you must do the internal work first, the work on yourself that enables you to answer these questions, otherwise you might fall into the trap of accepting the organisation’s purpose as your own, committing yourself to it, fighting battles for it and progressing well. But you might wake up one day and ask yourself “Who am I?” “Where am I?” “What happened?” If so, you’ll realise you’ve passively relinquished responsibility for creating your own purpose, your own vision, your own life! Your vision, or primary aim, once created will become your internal benchmark against which you make all decisions concerning life and work.

    The second EMyth principle is ojectivisation or objectivising the business; viewing it as apart from rather than a part of you. You must see the business as a way of 'serving' your primary aim as opposed to 'being' your primary aim. Obviously, this would be impossible if you’d not worked on the creation of your own vision for your life, which is why the principles are in this order.

    This principle involves deciding on the purpose of the business, or its strategic objectives. This means viewing the business as if it was a product sitting on a shelf and competing for the customer’s attention against a whole shelf of competing products (or businesses.) Put another way, this has less to do with what’s done in the business and more to do with how it’s done. The commodity isn’t important – the way it’s delivered is! Your business is your product.

    You develop your strategic objective by asking “How will my organisation look? How will it feel? How will it work? How will it justify its existence financially?” Write your Company Story – the standards and character of your organisation.

    Once you’ve done this the tactical objectives will start to reveal themselves, because once you determine this is the kind of organisation, then it’ll follow that that is what we must do to manifest it. The strategic objectives therefore beco

    Renaissance Management
    Renaissance management is a new style of business management making its way in to the corporate world. The idea is not wholly new as it is an amalgamation of multiple references over a period of the last 20 years.The "Renaissance Manager" has a broad base of experience, and is able to make decisions based on expertise gained in different areas of business, such as marketing, finance and strategy. At Board level, a "Renaissance Organisation" will have people with wide experience who are able to take a much more balanced view than a group of individual specialists, who may have no experience outside their own discipline.The philosophy is very simple and is based on three key, but simple, strands:1. People Passion 2. Plain talking 3. Organisational awarenessThe assumptions behind the approach are drawn from many texts and references two key examples are here.1. Jim Collins - Good to
    o answer these questions, otherwise you might fall into the trap of accepting the organisation’s purpose as your own, committing yourself to it, fighting battles for it and progressing well. But you might wake up one day and ask yourself “Who am I?” “Where am I?” “What happened?” If so, you’ll realise you’ve passively relinquished responsibility for creating your own purpose, your own vision, your own life! Your vision, or primary aim, once created will become your internal benchmark against which you make all decisions concerning life and work.

    The second EMyth principle is ojectivisation or objectivising the business; viewing it as apart from rather than a part of you. You must see the business as a way of 'serving' your primary aim as opposed to 'being' your primary aim. Obviously, this would be impossible if you’d not worked on the creation of your own vision for your life, which is why the principles are in this order.

    This principle involves deciding on the purpose of the business, or its strategic objectives. This means viewing the business as if it was a product sitting on a shelf and competing for the customer’s attention against a whole shelf of competing products (or businesses.) Put another way, this has less to do with what’s done in the business and more to do with how it’s done. The commodity isn’t important – the way it’s delivered is! Your business is your product.

    You develop your strategic objective by asking “How will my organisation look? How will it feel? How will it work? How will it justify its existence financially?” Write your Company Story – the standards and character of your organisation.

    Once you’ve done this the tactical objectives will start to reveal themselves, because once you determine this is the kind of organisation, then it’ll follow that that is what we must do to manifest it. The strategic objectives therefore beco

    Ten Preparations to Make before Interviewing
    1. First of all, know who the company is and what they do. You’ll be asked, “Have you heard of us?” and it is better to be able to respond in the positive. You can use the Internet to find out something about them. You look unprepared if you haven’t even taken the time to look them up.2. Make sure that you can remember what you did on your last few jobs. It doesn’t look good if you are asked what the project was on a job you worked on recently and you can’t even remember what the project did, or the name of it (been there).3. Study up on the skills that you know that they are looking for. You may well be questioned or even tested on those skills. Sometimes it’s difficult to remember much about something you did two years ago, but you’re going to have to. You’ll have to brush up on it again if you hope to get the job.4. Make sure that you are dressed well but not too flash. A suit is good, but a R
    ing it as apart from rather than a part of you. You must see the business as a way of 'serving' your primary aim as opposed to 'being' your primary aim. Obviously, this would be impossible if you’d not worked on the creation of your own vision for your life, which is why the principles are in this order.

    This principle involves deciding on the purpose of the business, or its strategic objectives. This means viewing the business as if it was a product sitting on a shelf and competing for the customer’s attention against a whole shelf of competing products (or businesses.) Put another way, this has less to do with what’s done in the business and more to do with how it’s done. The commodity isn’t important – the way it’s delivered is! Your business is your product.

    You develop your strategic objective by asking “How will my organisation look? How will it feel? How will it work? How will it justify its existence financially?” Write your Company Story – the standards and character of your organisation.

    Once you’ve done this the tactical objectives will start to reveal themselves, because once you determine this is the kind of organisation, then it’ll follow that that is what we must do to manifest it. The strategic objectives therefore beco

    Commercial Debt Management - Commercial Debt Management Is A Strong Business Tool
    You know that your business is basically sound and that it has the potential to be a success in the long run. You also know that the monthly cash flow is not equal to the monthly bills and the demands of payments for supplies, rents, shipping and taxes that face all businesses. Perhaps the monthly income has been affected by a past economic slowdown and consumer spending cutbacks. However, all the current indications are now that the situation is improving and it will be just a matter of time until the prime economic climate returns. Your business should be allowed to continue to provide its services and to make a living for you and your employees. However, the business creditors have grown, the commercial debt is at an all time high amount and it may even be the case that a few payments are in behind in schedule, which is resulting in penalties, finance charges and interest accrual.This business requires business
    in the business and more to do with how it’s done. The commodity isn’t important – the way it’s delivered is! Your business is your product.

    You develop your strategic objective by asking “How will my organisation look? How will it feel? How will it work? How will it justify its existence financially?” Write your Company Story – the standards and character of your organisation.

    Once you’ve done this the tactical objectives will start to reveal themselves, because once you determine this is the kind of organisation, then it’ll follow that that is what we must do to manifest it. The strategic objectives therefore become the external benchmark by which you can evaluate your role as a leader or manager.

    The third EMyth principle involves working 'on' the business rather than 'in' it. This flows from the first two principles in that if you can see the business as apart from you, that your business is not your life, then you will recognise that the primary purpose of your life is not to serve your business, but rather the primary purpose of your business is to serve your life.

    Once this is truly understood, you can go to work 'on' your business rather than 'in' it with a full understanding of why it’s absolutely necessary for you to do so. This needs to become the central theme of your daily activity, the prime catalyst for everything you do going forward. It means stepping out, taking the helicopter view so that you can more easily see what work you’re currently doing, and whether it is moving you towards the business you want, because your role is to create a business that manifests the strategic objectives.

    Systemisation, by which I mean developing an integrated system that does the work of the business whilst the people run the system, is the fourth EMyth principle. Gerber advocates The Franchise Prototype model where you pretend your business is (or will be) the prototype for thousands more just like it (not almost like it, but exactly like it) i.e. you pretend you’re going to franchise your business! (Note I said pretend – you don’t have to, unless of course you own the business and you want to.)

    This franchise prototype model must follow certain rules:

    • It must provide consistent value to customers, employees, suppliers and lenders, beyond what they expect.

    What could your prototype do to provide consistently outstanding value?

    • It must be operated by people with the lowest possible level of skill (i.e. necessary to fulfil the function.)

    How can you give your customer the results he wants systematically, rather than personally? How can you create a business whose results are system dependant rather than people or expert dependant?

    • It must stand out as a place of impeccable order.

    How can you create structure and order? How can you create a business that says to its customers, your people know what they’re doing; a business that says to your people, you know what you’re doing?

    • All work in the model must be documented in Operations manuals. This is your bible for “How we do it here.” It documents the purpose of the work, the specific steps to be taken, and

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