Wednesday, 25 July 2012

Heroes And Heroines


We all have them, don’t we? In business mine are the people of passion and principle who never let their morals, core aims and beliefs, be sacrificed by an easier, compromised route to growth, and they refuse to be bullied. You don’t have to change the world, you don’t have to grow. But I firmly believe if you are principled and dedicated it brings, as in all aspects of life, respect and trust, and these are cornerstones of a good existence, a good business.

Guest Blogger CATEGORIES Guest Blog, Retail Business, Small Business Support


Last Sunday I spoke at the Independent Retailer Month UK Launch Conference in Solihull. As I took to the stage, I noticed a man hovering by the door and encouraged him to take a seat or risk missing what promised to be the best speech of the conference.
Thankfully he took my comment with the good humour I had intended and informed me that he would in fact be following me on the stage.
Once my speech had ended, the man came over to let me know how fascinated he was by the work that Retail Trust does, and formally introduced himself to me as Stefan Töpfer.

Sunday, 22 July 2012

Getting more out of your networking

A colleague of mine, Barclay Thompson of Clear Business Development, shared the following link (from Nigel Botterill called Networking – The Surest Way to Stay Poor?) with me the other day.
Following that we met up for coffee earlier today to talk about blogging, which I do quite a bit of, and a general catch up.
During our conversation we got round to the article that he had shared with me and we got to talking about networking, in general, and our views on it.
This got me started on a bit of a rant about open networking. You see, I think Nigel has a point, but I would go further.

Dinosaurs, Wind Farms & Let’s Twist Again

Keep up won’t you – most websites that promote ‘how to successfully start and run your own business’ are sponsored by big companies and government bodies and written by people that are in jobs and have never started their own business. The advice is so yesterday. It is stuff from antiquity that belongs in a museum like my hopeless, but suitably ancient for a museum, agent – Tony Robinson OBE.
Most entrepreneurs I’ve met are looking for opportunities to make money all the time. If they followed the advice on these start up websites they wouldn’t just copy stuff and they’d be too late in getting the product or service to market and the opportunity would have gone.
Look at Loubi (Christian Louboutin to you), if he hadn’t read an article about a slashed out shoe with a red line, then thousands of rich women around the world wouldn’t have fallen off his killer heels to, legs in the air, show off his signature red soles.
Dear reader and fan, I want you to take a look at the mind of an entrepreneur. Let’s take one successful one, Stefan Topfer, Editor of this Small Business Blog and one unsuccessful one, the aforementioned aberration, Tony Robinson OBE. They have two things in common; they’re both badly dressed (fleeces – urgh) and they look for business opportunities all the time.

Tuesday, 17 July 2012

How Motivated are your Employees, Really?

“Motivate your teams.” “Engage your employees.” Senior leaders make these directives clear to managers. But why are organizations continuing to focus on employee motivation and engagement during a time when so many talented people are desperately looking for a job?
Informed leaders know that an engaged employee will produce far more for an organization than it costs to employ them. In fact, in a recent study by the Human Capital Institute, a fully engaged employee will produce 120% of their salary value, while a disengaged employee will produce only 60% of their salary value.
At a time when organizational resources are often scarce, disengaged employees can be the difference between business success and failure. In addition, the Corporate Leadership Council found that for up to 76% of employees, engagement is malleable; given the right environment, the engagement of these employees can be improved.
But what does it take to engage an employee in their work and the mission of the company? The task can seem very daunting to a manager, especially when employees are seemingly motivated by so many factors. Conventional wisdom tells us that employee engagement is impacted by everything from relationships with senior managers to a company’s reputation for social responsibility. However, a 2010 study published by Teresa M. Amabile and Steven J. Kramer in the Harvard Business Review has given us new insight.
Amabile and Kramer conducted an extensive, multi-year study of hundreds of employees and found that employees were most engaged and motivated on the days they made progress, even incremental progress, toward their goals.
As such, below is a list of important factors in creating motivated, engaged employees:
1) Clear, obtainable goals
Managers should ensure that the initial goals created with their employees are relevant to the organizations overall priorities and need to avoid the temptation to change those goals indiscriminately. Managers are typically proactive individuals who are aware of changes in organizational direction. However, often times managers wanting to appear proactive can change directives for their team without fully understanding if, in fact, the business priorities have changed or if they are just hearing organizational noise. Additionally, setting goals that are overly ambitious can make even small setbacks seem overly important, causing employees to quickly disengage.
2) Protection from unimportant work
In any organization, a team has a primary purpose. When the team fulfills that purpose, they are making the most impact possible toward the overall goals of the company. Small requests will often be made of any team that have little to do with their intended purpose. A manager should carefully evaluate any requests made of their team that take resources and focus away from their primary function and goals. Managers should also identify and, whenever possible, eliminate bureaucratic processes that add little value or are outdated. Nothing feels more defeating than compiling a detailed report that no one reads.