Increasing business production is ever the goal for nearly any ambitious entrepreneur, but most business owners are too busy to take the time to figure out how to be more efficient, effective, or profitable.
The first setback is that most small business owners are so busy doing the day to day work of keeping the company profitable that they don't take time to look at how to do things better. It is often called being stuck working 'in' the business rather than 'on' the business.
The good news is that once you realize you've fallen victim to this common entrepreneurial trap, it's simply a matter of setting aside time to make plans and continually work on the improvement of business results.
However, even with goals and objectives in place, most small business owners find themselves setting these plans aside and falling right back into the rut of working in the trenches of the daily grind.
If this is happening to you (as it happens to nearly everyone) there is a little used, simple business tool to help you increase you business production quickly and effectively. It is creating accountability.
Accountability is one of the most overlooked, yet incredibly valuable tools that a small business owner has at his disposal - if he'll only use it. I know this from personal experience in coaching 100's of entrepreneurs to help them improve their results and bottom line profits.
So here's the secret: You need to create a simple, efficient format that will create accountability to your team, your business partner, or someone else. Knowing that you have to report about your progress and results to someone will ALWAYS be sure to improve your results.
So here is a quick structure to create accountability for yourself in order to stay more focused and get better results in your business on a weekly basis:
1) Review your goals from the previous week.
2) Address why you didn't complete any goals and how to create structure or a plan to not allow those challenges to stop you this week.
3) Create goals for the upcoming week.
4) Anticipate anything that will stop you from achieving your commitments and what can be done to overcome those challenges BEFORE they arise.
Also, it is important to note that you must have an agreement from both parties to hold one another accountable. This means possibly putting a structure into place so that you have an incentive to complete your commitments or face some sort of ramifications.
This 'permission' to hold one another to a high standard is paramount to making this process effective and will multiply your business (and personal) production exponentially.