Business Opportunity - Leverage Your Employees!

As a business asset, they don't sit well on the P&L statement. They aren't valuable like a piece of machinery, or an office block. There is no assignment of currency with which you can measure them. But living and breathing within the walls of your premises are the biggest asset you could think of - your people.

Here's why...

Your people are:-

  • Your Face
    They are like a big advert on a bus or a hoarding. Whatever you want them to be - they are you, in whatever way they feel at the time. One slip and there goes a lifetimes worth of business (have you ever worked that out over 20 years - try it!)
  • Interactors
    They are one side of the two-sided interaction between your business and your customers, clients and suppliers and anyone else you can think of. This interaction is not just a choice, but a reflection of how your are within your business. So their 'interaction' is down to you and you alone.
  • Proactive
    Great at the day job, your people can give more. They can think ahead and develop a knack of being pro-active for you. Using them as one big team you suddenly have 10 pairs, a hundred pairs or even a thousand pairs of eyes and ears, noticing and responding to things, on your behalf.
  • Choosers
    They choose how to interact with your clients, customers and suppliers. And in that choice; in that very moment, they are able to make successful and long-term relationships - or not. They have the choice.
  • Synergistic
    They can contribute to you much more than the bare bones of their 'being there'. If you build the right relationship with your people they will spin and bounce ideas off you like no tomorrow. This is a very rich asset for you to utilise.
  • Weight Lifters
    They can take some of your burden away. If you treat them fairly, honestly and trust them, your people are able to take on new roles - and give you time and energy, which will leverage your skills in your business to there most effective.
  • Prospectors
    Great employees, onside with you, can be brilliant for developing new clients or customers. They will work on your behalf, if your behaviours encourage them to fight for you. Too often employees expend energy fighting against their organisation.
  • Sensors
    When in the flow, as your people will be when they work in the great culture you have in your business, they will 'smell out' business. They will create freqently returning customers and sell each one of them more. In that enabled relationship they are a money-making machine.
  • Recruiters
    They will wear your business or organisation on their sleeve - so if you need great employees to show up for you, working on your existing people is a first, vital step. They will recruit for you!
  • Your Life
    Great employees make a great team. A great team make you enjoy that 40% of your life you spend at work. If you treat them well (see below), you will reap rewards far beyond the financial value of what the cashflow is - or the profit outturn. You will lead a happy and fun life at work, full of laughter and joy - what more could you want? By the way - your business will do very well too!

    So what do you need to do. In my experience, not much. Do these things and you will have a brilliant teams about you.

    • Say 'Thank You' often

    • Be very clear in your expectations

    • Be interested in your people fully

    • Be honest and trustworthy

    • Deliver your promises (or don't make them)

    • Be consistent and very fair

    • Keep your people informed

    • Model the way you want your people to be

    • Be a part of the team - join in

    • Fight for their cause

    Working with people can be such fun and so rewarding. It ain't hard either - but you can do it if you focus, one changed behaviour at a time. Step by pleasurable step!

    Copyright 2005 Martin Haworth is a Business and Management Coach. He works worldwide, mainly by phone, with small business owners, managers and corporate leaders. He has hundreds of hints, tips and ideas at his website, http://www.coaching-businesses-to-success.com. (Note to editors. Feel free to use this article, wherever you think it might be of value - it would be good if you could include a live link)

    ...helping you, to help your people, to help your business grow...


    AddThis Social Bookmark Button

    In The News:


    Reuters

    Management wins bid for Lehman's Neuberger
    Reuters - 14 hours ago
    PK: Quote, Profile, Research, Stock Buzz) prized asset management unit Neuberger Berman has been won by a team consisting of Neuberger's management, ...
    Neuberger Berman Management, Lehman to Purchase Investment Unit Bloomberg
    Neuberger to Be Acquired by Management MarketWatch
    The Nine Lives of Neuberger Berman Management Wall Street Journal Blogs
    Wall Street Journal - Bloombergall 309 news articles

    Olympia Asset Management LTD Featured in Wall Street Letter
    MarketWatch - 12 hours ago
    The article noted the current market environment and how Olympia Asset Management is taking the opportunity to recruit top talent from Firms like Merrill ...

    STREET MOVES: UBS Wealth Management US Hires 132 Brokers
    CNNMoney.com - 13 hours ago
    NEW YORK -(Dow Jones)- UBS Wealth Management US, a unit of UBS AG (UBS), recently added 132 financial advisors who managed $14 billion in client assets as ...

    Deal will let waste haulers challenge No. 1 company
    Arizona Republic, AZ - 6 hours ago
    Still, the merger will provide the resources for the combined company to compete more effectively against Waste Management Inc. of Houston, the No. ...
    Republic, Allied Waste to divest assets to do deal Reuters
    Trash Firms Are Cleared to Combine Wall Street Journal
    Republic Services, Allied Waste OK deal with gov't Forbes
    Houston Chronicle - MyWebTimes.comall 94 news articles

    Upcoming CyberShift Webcast Examines the ROI of SaaS-Deployed ...
    MarketWatch - 19 hours ago
    Through an automated workforce management solution -- especially using the SaaS-based delivery model -- organizations can leverage their workforces to ...

    For Synopsys, stable management helps in downturn, analysts say
    MarketWatch - 13 hours ago
    By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Shares of Synopsys Inc. were up more than 11% Thursday after the chip design software ...

    Revention Releases Vantage(TM) Enterprise Management Solution
    MarketWatch - 14 hours ago
    HOUSTON, Dec 04, 2008 /PRNewswire via COMTEX/ -- Revention recently announced the release of its most advanced enterprise management solution to date, ...

    Everest Software Partners with Foxfire to Offer Integrated ...
    MarketWatch - 18 hours ago
    Foxfire specializes in Warehouse Management Systems (WMS). Comprised of software, hardware, and professional services, Foxfire's WMS solution is ideal for ...

    Daily Green

    Protests pour in against drilling leases
    Salt Lake Tribune, United States - 9 hours ago
    By Patty Henetz Protests rolled in Thursday against the US Bureau of Land Management's upcoming oil and gas lease sale: Preservationists, conservationists, ...
    BLM gets an earful on oil, gas lease sale Deseret News
    BLM defends Utah lease sale; Utah defers tracts Oil & Gas Journal
    Groups protest drilling-lease auction in US International Herald Tribune
    United Press International - Examiner.comall 256 news articles

    11.4% Shareholders & Former Executive Management of LCA-Vision ...
    MarketWatch - 15 hours ago
    The three of them worked together as the executive management team of LCAV (LCAV: , , ) to grow the market capitalization of the Company well in excess of ...
    management - Google News
  • Your Ad Here

    Games at Buy.com

    Holiday Home Store at Buy.com

    Meetings: Don?t Just Show Up, Stand Out and Shine

    Meetings, whether they're regularly scheduled routines in your company or now-and-then get-togethers, can be a place for you to gain positive visibility and to showcase your capabilities.... Read More

    Tales From the Corporate Frontlines: Diversity in the Workplace: Ethnic Considerations

    This article relates to the Diversity in the Workplace Competency, commonly evaluated in employee satisfaction surveys. This competency explores whether your organization provides understanding and supports interaction... Read More

    Entitlement Programs Kill Productivity

    In articles I've written over the years, I have used "laissez-faire," a term more frequently used to characterize governments than businesses, to describe a rather laid-back management... Read More

    Choices in Appointing International Managers

    Globalization is requiring companies to make important choices about how to deploy international managers. The costs of making the wrong choice are heavy both economically and in... Read More

    The Idol-Makers

    The end of the television season in May included the usual array of cliffhangers on shows like "Alias," the departure of Noah Wylie from "ER" and the... Read More

    The High, High Price of Distrust

    A paper manufacturer with over 300 employees once announced that it was planning to move to more spacious and attractive premises thirty miles down the road. When... Read More

    Use QA As Your First Step To Outsourcing

    Quality Assurance, or QA, is often given short shrift in a software development organization, especially when budgets are tight. When debating the software development budget at one... Read More

    Innovation Management ? how will we make the go or kill decisions?

    Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.There are distinct processes that enhance problem... Read More

    Executive ESP: A Pathway to Success!

    We all have psychic abilities that we use daily, although most of us don't even realize that. The full study of this issue would take many books,... Read More

    Employee Orientation: Get New Hires Off To a Great Start

    The good news is that a new hire orientation program offers an opportunity to build a lasting impression of the new company. The bad news is that... Read More

    The 10 Realities of Change

    I've seen several articles that begin with lines like "the only constant today is change." I assert that change that is constant can't really be called change.... Read More

    Quick Tip - Effective Meetings Earn a Profit

    Most people treat meetings as a free resource that can be used to deal with any issue. As a result, huge amounts of time and money are... Read More

    How to Dodge Distribution Difficulties

    It happened again. I ran into an old friend while registering for the World Masters Games last month and as we were catching up, she complemented me... Read More

    Mantra for Managers

    What do organizations look for in a prospective employee with special reference to fresh MBA graduates? The two key assets that an organization looks for is the... Read More

    Top Ten Tips About Communicating with Your Employees Effectively

    Communication is the basis of who you are as a manager/leader in business. The rules are simple and the good news is that you can learn them... Read More

    Creativity Management and Time Pressure

    There is a pervasive belief that time pressure stimulates creativity. This is both true and false.There are a number of forces at work:a) Time pressure increases creative... Read More

    Creativity and Innovation Management - Core Competencies and Competitive Advantage

    Following is a brief definition of core competencies and competitive advantage and their fit with creativity and innovation management.Core Competence:A core competence is one which critically underpins... Read More

    Will a Workplace Bully Bankrupt Your Company?

    Safeguard Your Company Against Harrassment ClaimsTwenty-five percent of employees suffer with peer to peer bullying and its on the rise, according to the National Institute of Safety... Read More

    Setting Clearer Performance Expectations

    The annual performance review.Stating this phrase guarantees some reaction for anyone who has ever had one, or had to give one as a supervisor or manager. In... Read More

    Too Much Time Treating Symptoms

    A man drives down the highway each day on his way to work. On Monday he gets a flat tire. Like anyone else, he takes his lumps,... Read More

    Five Key Strategies for Making Your Nonprofit Business More Effective

    I love tennis both as a spectator and a weekend player. I also believe that effective nonprofit organizations are an essential part of vibrant, engaged... Read More

    When Change Is In the Wind...Heads Up!

    In these days of takeovers and mergers, of downsizings and lean management, chances are that you are going to be caught in a job upheaval at least... Read More

    3 Innovation Keys - Do Your Innovative Efforts Need More Power?

    Recently, I attended a webinar with nearly 400 other Chief Learning Officers - during one polling period, we were asked what primary driving force pushes organization-wide or... Read More

    Give Yourself a Boss Day Gift, Part 2: Are You the Position or the Person?

    Are you the position or the person?Bosses can lose their own identity sometimes. It's easy. It happens a lot. The results are devastating to both the workers... Read More

    Building Bridges of Communication

    Building a 'bridge of understanding' between parties is fundamental if your business communication is to succeed. If you are a consultant to a client,... Read More

    Before You Head Off, Make Sure You Know Where You Are Going - The Importance of Clear Objectives.

    The title of this article sounds like simple advice, but so often we undertake activities and projects without really understanding how they are going to help us... Read More