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6 Questions to Evaluate Your Company’s Purpose

Uncategorized Jan 07, 2020

6 Questions to Evaluate Your Company’s Purpose 

The following is adapted from The Problem Isn’t Their Paycheck.

 

According to a LinkedIn Workplace Culture report, 71 percent of professionals would be willing to take a pay cut in order to work for a company with a mission they believe in or with shared values. Millennials in particular, who now make up the largest portion of the workforce, are highly driven by purpose.

Even more than money, people want to do work that matters—and you can give that to them.

A purpose is created when you can tie the service you provide or the product that you sell—as well as all the other tasks, activities, and things you do as part of your business—to a positive impact that’s made on people. 

To help you evaluate whether you’ve created an effective company purpose, I have created a simple purpose checklist. Answer these questions to determine whether you’ve created a purpose that will...

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Business Growth Strategies

Uncategorized Jan 01, 2020

Leaders Hold Back Organizations

Inspired by something frequently said by Dave Ramsey, the provocative thought of what actually can hold back growth and opportunity within a business is something I agree with.

The quote I’m referencing is “organizations are never held back by opportunities or their team, organizations are only held back by their leader”. While I have to admit Ramsey can lack some humility, at times to the detriment of his reception, there’s no arguing that he has a track record of being an exceptional marketer and successful business owner.

Limited Leaders Can’t Grow

Why I agree with what he had to say is because I believe that as an owner you’re the one who is ultimately responsible for your team and their opportunities. Since within an organization a leader is both the last line of defense and the first line of offense in maintaining a positive trend of growth, there’s one business development strategy that you need to...

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How To Increase Employee Performance

Uncategorized Dec 25, 2019

How To Increase Employee Performance

When talking about boosting employee performance, the solutions are never rocket science; while simple, they’re never that easy to follow through with. Today I want to introduce one thing you can do to help make sure you’re increasing employee performance that most people aren’t doing.

Tell Them How To Win

Speaker Dr. Henry Cloud is a psychologist that travels around the country, who basically helps organizations get stronger. When addressing leaders he often makes them look in the mirror, challenging them, to make sure that they’re actually growing. One of the questions he asks is “Does your team know how they are going to win?”.

This idea is different to one we wrote about a few weeks ago, which was about ensuring your team know what a win looks like and where they are going. Instead we’re going to help you establish steps and tactics to get your team on track to learning that how.

As managers or...

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Increase Employee Performance

Uncategorized Dec 19, 2019

Increase Employee Performance and Simplify Your Life with a Unified Company Purpose

The following is adapted from The Problem Isn’t Their Paycheck.

 

In a Psychology Today article titled “The Power of Purpose,” Steve Taylor writes: “The need for purpose is one of the defining characteristics of human beings. Human beings crave purpose, and we suffer serious difficulties when we do not have it.”

As individuals, we need purpose. By creating a purpose for your company, not only do you give your employees a way to find meaning in their work, but you also unify them as a team. 

In The Performance Factor, Pat McMillan, who is a big leader of teams doing amazing things such as climbing Mount Everest, says that a clear and compelling purpose is, in fact, “the single biggest factor in team success.”

In this article, I’ll outline how a unified purpose increases employee performance, which ultimately simplifies your life as a business...

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What Is The Best Recruitment Strategy?

Uncategorized Dec 18, 2019

What Is The Best Recruitment Strategy?

One of the best recruitment strategies is actually something that can be fun, and also create a positive impact on your existing team and company culture. As business owners and operators we all want high performing employees, and part of that is being capable of recruiting awesome people that want to be a part of what you have going on— finding people that want to be a part of your team and your business.

We have discussed other methods of recruitment before, but today I want to highlight a specific method that I’ve practiced myself that really yielded positive results. This concept is built upon a psychological phenomenon that has been recently come to light, and is something that most businesses aren’t doing.

FOMO. The Fear of Missing Out.

Defined as anxiety that an exciting or interesting event or opportunity may currently be happening elsewhere, and it’s often aroused by posts seen on social media or a website. FOMO...

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Passion vs. Purpose: Which One Does Your Company Need?

Uncategorized Dec 17, 2019

Passion vs. Purpose: Which One Does Your Company Need?

The following is adapted from The Problem Isn’t Their Paycheck.

 

“Do what you love and you’ll never work a day in your life.”

This oft-repeated advice means that you should be passionate about your business, right? Not exactly.

When we hear the word love, we often think about passion, but it is possible to love something and not be passionate about it. My business, Stewardship, is a mortgage, insurance, and investment management company. I love my company, but trust me—I am not passionate about mortgages, insurance, or financial planning. I love my company not because I’m passionate about it, but because it fulfills my purpose: loving people through finances.

As I’ll explain in this article, purpose, not passion, is far more important to building a company. Passions may come and go, but purpose provides a lasting vision for your company that your team can rally around.

Passion:...

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What Does Employee Conflict Resolution Look Like?

Uncategorized Dec 11, 2019

What Does Employee Conflict Resolution Look Like?

Sometimes in a company culture or any office environment, there’s conflict. So what does employee conflict resolution look like within a healthy company culture? How do you manage conflict resolution within a team of people?

According to a recently published Forbes article about this very topic, and they listed four ways to deal with employee conflict. You need to make sure you have the right timing, you know your boundaries, respect differences, and confront tensions.

While those little steps are helpful, they don’t really deal with the primary issues when it comes to conflict in the workplace— especially with employees.

Don’t Fear Conflict

Above all when it comes to the possibility of employee conflict, you can’t fear it. Too often as managers and owners we are scared to dive into conflict. And when there’s some pressure and grinding between team members we want to just step away and duck out.

...

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Money Isn’t the Problem: Three Better Ways to Attract Talent

Uncategorized Dec 10, 2019

Money Isn’t the Problem: Three Better Ways to Attract Talent 

The following is adapted from The Problem Isn’t Their Paycheck.

 

A company is only as good as its employees. If you want your business to succeed, it starts with a talented team of employees. 

For small business owners, though, hiring can be a challenge. A lot of business owners feel like they can’t hire the best people because they can’t pay the same salaries that their bigger competitors can. How are you supposed to compete when you can’t afford generous compensation packages?

Fortunately, in article after article after article, studies show that, of the top things the best talent is looking for, compensation is toward the bottom of the list—if it even makes it onto the list at all.

In this article, by looking at why people want money in the first place, we will uncover three deeper motivations for employees. By focusing on these three new motivators, you can begin...

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How To Find the Top Talent

Uncategorized Dec 04, 2019

How To Find the Top Talent

What is a resume screening checklist?

You have a job and a job posting, and you’re getting in resumes. But what do you do to filter out the ones you don’t want, and how do you find those diamonds in the rough that can truly help turn your business around, innovate for the future, and become an immeasurable asset to your team?

The hiring process takes a lot of time and energy, so you probably want to focus on finding great long term employees that will do well, learn quickly, and become a great fit in your company culture. You also know that if you need to fire somebody and then rehire for the position that costs thousands and thousands of dollars.

So, what is a resume screening process that you’ve got to do? What’s at the top of the list, and most important, will likely surprise you.

There is a team building and leadership coach named Theresa Lowe, who was on Amy Porterfield’s Online Marketing Made Easy podcast. In that...

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To Make the Most Impact, Align Your Company with Its Purpose

Uncategorized Dec 03, 2019

To Make the Most Impact, Align Your Company with Its Purpose

The following is adapted from The Problem Isn’t Their Paycheck.

 

Countless articles and studies have touted the importance of purpose. A Deloitte study found that, in the United States, 87.7 percent of employees are not working up to their full potential. In the survey, the 12.3 percent who were working up to their potential had one important thing in common: they had a purpose.

If you want your employees to perform at their best, they must feel as if their work matters, as if it has a purpose. You can give that to them.

But for a purpose to be effective, it can’t simply be words on a website. It must be something that is woven into your company’s culture—something your employees live and breathe.

In this article, I will share how you can do exactly that by giving your employees freedom and affirmations in a way that is aligned with and reinforces your company’s purpose.

Align Freedom...

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