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The Secret of Great Leadership? CREATE CRITICAL SUCCESS FACTORS

The Business Mechanic Podcast with Vaughn Sigmon

Release Date: 01/09/2023

How to Get You and Your Team Focused show art How to Get You and Your Team Focused

The Business Mechanic Podcast with Vaughn Sigmon

7 Ways Managers Can Create Improved Focus for Their Team   It’s no surprise that people struggle to focus. We’re bombarded with distractions, burdened by unrealistic expectations, and drowning under too many incoming requests. In a world of constant distractions, many employees can't find the focus to get quality work done. A recent survey showed that almost two-thirds admit they don't put in an hour or two each day without being derailed. As leaders, how do you help your team stay productive and focused? Results Driven Leadership has identified seven best practices for helping...

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The Business Mechanic Podcast with Vaughn Sigmon

Managers must focus on improved leadership to avoid employees quitting because employee turnover can be costly and disruptive to an organization. When employees quit, managers have to spend time and resources recruiting and training new employees, which can slow down productivity and negatively impact the bottom line. Additionally, high turnover can lead to a loss of expertise and experience, which can be difficult and costly to replace. A good leader creates a positive work environment and fosters a sense of belonging among employees, leading to increased job satisfaction and loyalty and...

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The Business Mechanic Podcast with Vaughn Sigmon

Results Driven Managers who want results meet with their employees to talk about long-term goals. They do this at least once a year. They also have quarterly meetings to discuss progress toward the goals. I think it would be better if we had this meeting at a different location. If that's not possible, we need to make sure that there are no interruptions for the 4 hours of the meeting. During the meeting, managers and their team members should talk about what is happening with the business and what could be improved. They should also set new business goals, with their team’s help. You do...

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The Business Mechanic Podcast with Vaughn Sigmon

In this second in a series of three podcasts, I will share how to have a discussion with your leadership team to determine your main areas of improvement is the first step toward creating your annual goals and planning activities. This information will inform your technology decisions throughout the year, helping you stay ahead of the curve on trends affecting your industry.   It is important to determine the key targets for your annual planning cycle. From your SWOT exercise (previous podcast), identify the factors that will directly impact your business performance-- earnings, sales,...

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The Business Mechanic Podcast with Vaughn Sigmon

The first step for annual goal setting is to reflect on your current situation and assess your strengths, weaknesses, opportunities, and threats. This process, known as a SWOT analysis, will help you identify areas of your business, department, division, or team that you may want to focus on and goals that will help you move forward. After you have completed your SWOT analysis, the next step is to set specific, measurable, achievable, relevant, and time-bound (SMART) goals. SMART goals are specific, meaning they are clear and defined. We will cover that in next week's podcast.  Today's...

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The Business Mechanic Podcast with Vaughn Sigmon

Now we're going to start sharing how to prioritize like Eisenhower. Now, this isn't going to be much of a history lesson on Eisenhower, but I think you need to know a little about the man. He was president of the United States in the fifties, uh, early sixties. He also was an American general during World War ii, and apparently, this guy knew a ton about managing time because of his approach. The Eisenhower Box, or the Eisenhower Quadrant, is taught in business schools all over the country. And today, in this video, I will share his approach that's taught the world over with you. Eisenhower...

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The Business Mechanic Podcast with Vaughn Sigmon

Management styles vary between individuals. And though most tend to gravitate towards a particular style type, a manager could choose to use different management styles depending on what fits best for a particular situation. Your management style will depend on various factors, including your personality, the organization you work for, the person you work for, your team, and your goals. So know that rarely is there a one-size-fits-all style; you likely put on multiple style hats throughout the course of a day or week. A look in the mirror, having an honest understanding and being clear on...

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The Business Mechanic Podcast with Vaughn Sigmon

Today's show got prompted by one of my attendees this week at a training session; she was in her second month or so of training with me and her team, and thank you, Navina, for prompting me to do this show today. She and I were talking about DISC, her DISC profile, and she asked, have you ever done a podcast on DISC? I wanna go back and listen to it. And I had to stop for a minute. In all these years, no, I haven't, I haven't done a show talking about DISC explaining DISC, the value of DISC, how DISC works, what it tells you, what it doesn't tell you. And so today, this is gonna be a little...

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The Business Mechanic Podcast with Vaughn Sigmon

During this podcast, I want to share with you an important truth about leadership: As I was thinking about the topic for today, I reminisced back to all the great managers who were really impactful leaders.  Both ones I worked for and have worked for me over my decades of experience. I started thinking about a few things they all had in common and came up with some strong commonalities. Special Offer For First 50 Managers and First 25 Companies It came down to their approach and attitude as bosses and how they truly valued their employees. All of these managers were top performers year...

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The Business Mechanic Podcast with Vaughn Sigmon

Communication is essential to the human experience and being a great leader. This short podcast wants to carve out the topic of taking things too personally and tie it to the topic of difficult conversations. In my podcast on difficult conversations, you may remember that you want to avoid any pre-determined perceptions at all costs. Go into any tough conversation with an open mind. If not, you will wind up feeling stressed out, unhappy, and anxious over conversations; AND you may be taking things a little too personally all the time. Visit Our Website and Get a Limited Offer of a Full...

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More Episodes

In this second in a series of three podcasts, I will share how to have a discussion with your leadership team to determine your main areas of improvement is the first step toward creating your annual goals and planning activities. This information will inform your technology decisions throughout the year, helping you stay ahead of the curve on trends affecting your industry.

 

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It is important to determine the key targets for your annual planning cycle. From your SWOT exercise (previous podcast), identify the factors that will directly impact your business performance-- earnings, sales, marketing strategies, productivity, and so on.

Every year brings a number of challenges to your business. To prepare for them, you must lay out your goals and objectives. I will share the process to determine your key targets in this step. Every year your company faces new challenges. To overcome these challenges, you have to have clear goals and objectives. Every business has its own key targets. Here's how you can figure out what matters most:

Set the bar high, but aim carefully. By setting the right goals, you make certain that your business will succeed in reaching its potential.

Using the discussion and agreements from your SWOT exercise, the next step is to leverage that to create the goals to improve your company or team’s performance. The first step is to create a list of goals. You can use the SWOT exercise as a guide for the types of goals you want to set for your team or company. For example, if you have identified that one area in which your company needs improvement is in its ability to adapt quickly, then one goal might be to increase the staff’s ability to adapt quickly. The following are some examples of goals that you can use as a starting point:

-Increase revenue by 10% over the next 12 months.

-Reduce operating expenses by 20% in the next six months.

-Improve customer satisfaction ratings by 5 points in 90 days. The following are some examples of goals that you can use as a starting point:

-Increase revenue by 10% over the next 12 months.

-Reduce operating expenses by 20% in the next six months.

-Improve customer satisfaction ratings by 5 points in 90 days. The following are some examples of goals that you can use as a starting point:

-Increase revenue by 10% over the next 12 months.

-Reduce operating expenses by 20% in the next six months.

-Improve customer satisfaction ratings by 5 points in 90 days. The following are some examples of goals that you can use as a starting point:

-Increase revenue by 10% over the next 12 months.

-Reduce operating expenses by 20% in the next six months.

-Improve customer satisfaction ratings by 5 points in 90 days. The following are some examples of goals that you can use as a starting point:

-Increase revenue by 10% over the next 12 months.

-Reduce operating expenses by 20% in the next six months.

-Improve customer satisfaction ratings by 5 points in 90 days. The goal should be SMART: Specific, Measurable, Achievable, Relevant, and Time-bound. You can use these goals to help define the vision for your company or team.

The next step is creating action plans to help you achieve those goals. The goal of the SWOT analysis is to identify the strengths, weaknesses, opportunities, and threats that exist within your company or team so that you can use that information to create goals that will help you improve your performance.