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Leaders and Managers do you see yourself in the following!
Are you a good Leader?
A good leader has integrity, courage, respect, compassion and resilience, qualities they display, earning trust and loyalty. They communicate the vision and positively influence others. Learning agility is a strength.
Check these Leaders Traits and Characteristics:
- Leading by example- earning the respect of others by your actions, reliability and honesty
- Enthusiasm – displaying positive energy, interest, motivational
- Self-awareness – knowing and understanding your own strengths and weaknesses
- Decisiveness – ability to make decisions quickly if needed
- Avoids micromanaging – steps aside, has trust and empowering staff
- Open minded - to new ideas, knowledge and continuous improvement
- Fairness – treating all fairly, without discrimination or favouritism
Being an Effective Manager:
You started a small Business, a dream come true! Despite struggles, challenges and setbacks you realise that you are now running a successful enterprise. With growth came staffing, a team, who are guided by your vision, and values. Congratulations!
And by now you have realized that running a Business requires more than just a great idea, it requires leadership, your leadership and often management skills, particularly if you are a small Business operator.
And this is where leadership and management come into play.
Most small Business need Leaders and Managers and it's likely you are wearing many hats, including as owner, Proprietor, and more! This is where the distinction between leadership and management can arise. Not everyone is both, but there are ways to create a productive and positive workplace, developing a healthy culture that will deliver excellent results for everyone.
In essence, management and leadership complement each other, but they have different functions: Both are important.
- Leaders encourage and inspire employees to achieve the goals of a business.
- Managers manage employees and activities to achieve these goals.
The key to success in small Business, applying effective leadership and management is to understand there are different styles and skills needed to achieve the best outcomes, for you, your Business and Team. It's recognising the qualities and practices of successful Leaders and Managers and how those strategies can be implemented.
Here are our 9 Strategies to get your best results
- Lead by example – Set the standard with your words, behaviour and actions and earn your employees respect.
- Positive Workplace culture - create a positive culture based on transparency, honesty and fairness.
Why! Read on
If you are in ‘the Business’, and Healthcare is no different, it is easy to overlook your own condition. Monitoring performance and functioning abilities is neglected! Too busy, no time, no resources.
Sound familiar!
Your time is spent responding to market disruptions, price pressures and adapting to new business models. These are all challenges in an environment with cost management, a key objective of all agencies. It can be stressful and exhausting but it's critical you regularly check your Business health status to detect any signs of disease or problems.
Raises the question, ‘How is the pulse and heartbeat of your Business?'.
If X-rayed what will it show?’ How strong is the skeleton framework!
- Strategic Tax Planning – is this in good shape
- Structure – are the parts arranged to best support your operations
- Financial check – do your finances have a healthy heartbeat
- Benchmarking & Management reporting – are these monitored for performance
Tax Planning provides the opportunity to assess business and operational tax obligations before the end of financial year. Considerations such as, PAYG instalments, forecasting estimates and assisting with cash flowing for any pending residual tax liability or possible variations.
Take a closer look at your Super contributions. Are you using these effectively, to maximise deductions and facilitate future earnings.
Business/Wealth Strategy, at a personal level checking your own and family strategy goals and aspirations is a timely exercise. Are you achieving the best results and outcomes.
Structure: Is your business structured for optimal performance and efficiency and suited to your needs. Importantly, be prepared to undertake a Business Health Check to determine if it commercially best serves your Business.
Avoid setting and forgetting, the Healthcare industry is rapidly changing, and it is critical you stay up to date. Technology, funding and client demands impact your operations. Consider staffing performance, patient fees pricing structure and suppliers' costs.
Financial Health check: Finance, the heartbeat of your Business, it's a vital organ that needs nurturing supported with sound accounting practices, systems and processes. Keeping your paperwork, files, records and billing in good health is vital to survival, along with careful cashflow management to keep the pulse of your Business beating.
That’s where Blackburn Accounting your family Business specialist can help. Business Management, Taxation and Business structures are our field of expertise.
Benchmarking & Management: Ask yourself, how does the financial health of your Business compare to Industry standards. Do you know what they are? Is your practice performing well when assessing these factors;
- Have you reviewed patient’s fees
- Are you getting value with your suppliers
- Does your practice size fit your premises (rent)
- Is space fully utilized
- Is staff mix and wage costs appropriate
What to do with your results! If you are small Business you can get caught up in running the Business and true analysis can be put aside. Spending time in the Business is common, instead of time spent on the Business.
If that’s you, let us help ease the pressure. The Blackburn Team can provide the answers you need to run a successful Business that’s running at peak performance.
You may be a specialist, Cardiologist, Surgeon, Medical or General Practitioner, or one of the many Health Service Providers in the various fields, Pathology or Radiology, Pharmaceutical, Dentistry or an allied health professional.
This is where a professional accounting service can help reduce the pain. Just as you are Practitioners, experts in health, Blackburn Accounting is your family Business specialists. Our dedicated Team provides essential accounting services, adopting best practices and systems to support the health and wellbeing of your Business.
- Are you planning your next Conference or Finance Workshop?
- And are you looking for a ‘Professional someone’ to lead it?
- Need, want, an experienced, Presenter, Facilitator or Keynote Speaker?
Yes?
Who to contact?
Let me introduce you to Tim Blackburn, Accountant.
Tim is experienced in all these areas and skilled in public speaking and well equipped to present, facilitate or deliver a keynote speech.
And Tim is ready and available to make your next event the success you want it to be!
Profile:
- Director and founder of Blackburn Accounting
- CPA qualified accountant
- acknowledged public speaker
- active Member Toastmasters International
- Past Director Toastmasters WA.
- Past President WA Div of CPA Australia
Workshop Services:
Tims style
- develops the Workshop Program tailored to suit your requirements.
- prepares the materials and delivers content designed to meet the desired outcomes.
- focus on meaningful connection and interaction with audiences
How is your Business heartbeat! Is it pumping steadily?
Is your Business flourishing, functioning at full capacity or coughing and spluttering along.
Not well!
Don't put it off, seek help!
- Just as we are encouraged to look after our own health with an annual check-up, it makes good sense to undertake a health check of your Business.
- We all know the importance of having our body's major systems running smoothly and effectively to let us enjoy our activities, work, leisure and play. Our check-ups are the means to assess functioning ability and detect any problems. No different to your Business, a Health Check-up will assess components, measure performance, and identify deficiencies, and ailments. It will also reveal what is working well.
- In essence, a full diagnosis provides a current and comprehensive review of the Business financial stability, compliance risk, structure and key operational functions and processes. It allows you to see the ‘results’ and know the actual health of your Business! Importantly, if any ‘signs of disease’ determine what treatment is needed if any.
The benefits of undertaking a Business Health Check-up are many!
Let’s start with the top 7 areas to examine:
- Goal Setting
- Financial Status
- Mental Health & Wellbeing
- Workplace Safety
- Policies, Processes & Procedures
- Marketing
- Seek expert help if needed
1. Goal Setting: Provides a solid framework or skeleton, supporting your Vision and Mission statements that are both inspirational and motivational forces. Having well defined goals with a set of criteria helps you take control of your Business direction, provides guidance and the opportunity to monitor targets and outcomes. Following the SMART goal setting method is an option.
2. Financial Status: Debt, earnings and equity! Finances, the heart of every Business. Know your bottom line! A complete examination looks at stability, profitability, cashflow, and balance sheet. We all need a healthy heart beating!
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