April 2009

Shannon Wells

Better Business | by Neil Ducoff

 

What Are You Going To Do About It?

Unchecked Or Chronic Business Problems Never Cure Themselves

Let’s face it, there’s stuff going on in your business that’s getting in the way of growth — possibly even doing severe damage. You know what I’m talking about.

Things like excessive credit card debt, dependence on gift card revenues, top producers that are working their agenda not yours, employees that don’t retail, high commission payrolls, or there’s just no time for you to lead. It’s even likely that you have an employee on payroll that should have been fired a long time ago.

They fester and get worse until you break through the leadership blockages that are holding you hostage.

So, the question remains, what are you going to do about it? When are you going to reclaim your leadership role and fight for the success of your company?

Remember, you’re the one who has everything riding on its success. It’s your personal guarantee and your assets that are on the line. Your family and your employees are waiting for you to step up.

If you’re ready for change, here’s a red-hot set of strategies:

Tackle the big stuff: The sooner you fix your payroll, address debt, have that fierce conversation or give that non-performing/toxic employee a career opportunity, the sooner you’ll be taking back control of your business and your life.

Change comes with an opportunity cost: Change shakes things up. It’s supposed to. Most will like the change and stay. A few may not and leave. If you worry about the cost of losing staff, think about the long-term cost of doing nothing.

Gotta have a plan: Charging into the great unknown without a plan invites more problems on top of what you already have. No time to build a plan? Find an online coaching and performance tool that can build a comprehensive plan in less than 90 minutes.

Commitment 100 percent: Nothing creates more stress than second guessing yourself or having to constantly re-decide if you’re going to do what you set out to do. Jack Canfield says, “100 percent commitment is easy. 99 percent is a bitch.” Yoda says, “Do or do not, there is no try.” Pick one — both quotes work.

It’s your business and only you can make the tough decisions that lead to leadership and financial success. Go for it.

Neil Ducoff is the founder and CEO of Strategies, a business training and coaching company specializing in the salon and spa industry. He’s author of Fast Forward, and a new book, No-Compromise Leadership, published by DC Press and is available at www.amazon.com. For more information go to www.strategies.com. You can email Neil at neil@strategies.com.