8 Things Every Business Owner Needs to do Weekly to Thrive

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November 12, 2014

1. Review Your Numbers:  Every business owner who review their numbers each week knows exactly how they are tracking on the bigger plan but also on the immediate cash flow. They quickly know where things are at, what actions may need to be taken (A/R calls) and they can make better informed financial decisions.

2. Sell Something:  No one sells like a business owner and in order to grow a company some part of your work every week needs to be around sales - direct (to prospects) or indirect (partnerships, alliances, channels)

3. Review The Plan:  Every week a strong business leader is reviewing the overall vision and strategic plan. These concepts and goals need to be fresh in your mind as you make decisions each dayn and direct your team.

4. Post It Note the Top 3: What are the Top 3 most strategic and important things for you to do this week as the owner? It is easy to get caught up in the day to day activities and lose sight of the Top 3 things you need to do to move the business forward. Write them on a post-it and make them the priority until they are complete.

5. Touch Base with Staff: Take a break and take time to connect with at least one of your staff. No agenda, no review, just a coffee or catch up. See what is going on in their life and what’s important to them. You’ll gain valuable insights into them, the business and strengthen your team.

6. Directives for your Team: Ideally starting on Monday, re-focus the team and remind them what is most urgent, most important and a high priority for you. Operations can pull your team off focus (and so can a weekend) so reset their focus to align with yours.

7. Review KPI’s: Key Performance Indicators should come to you on a single page from each department (or in a single email). Reviewing these metrics every week gives you the ability to see small changes in your business at a glance because you’re so in tune with performance of any angle of the company.

8. Personal Development: Great business owners are constantly learning - books, podcasts, meeting other entrepreneurs.  Break it down any way you like - 1 hour three times a week, 15 minutes a day, 1 afternoon a week. In order to lead a business with new ideas and constant innovation, you have to be learning weekly.

 

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