Over the last three to four years, there has been an increased focus from business owners on boosting team and labour productivity. With rising costs, getting a return on labour has been more important than ever. Various methods have been tried such as providing financial incentives, working on healthy lifestyle practices, skill training, team building days and personal development.
How much time do you invest in understanding and creating pricing models for your business? The reality is many business owners in the trade and construction industry are ‘winging it ‘when it comes to their pricing and in the process are compromising the ability of the business to generate consistently high profit margins.
A simple 1-Page Plan (1PP) makes it easy for everyone in the company to know where they’re going and what they need to do to get there, without being bogged down by an overly complex business plan possibly riddled with unclear and even contradictory statements. Here’s what a 1PP can look like.
Think back to the last five challenges you have had in your business involving your team. It is most likely that they may have been avoided with clearer communication – and possibly a meeting.
I hear you say, “But meetings are boring and a waste of time!”
Meetings don't need to be boring. Boring meetings are usually run by boring people!
Planning on taking a well-earned holiday? It may just be the most beneficial thing for your business. You see, the most valuable businesses are the ones that can survive without their owner. If your business cannot run without you, then you have a job, not a business.
