Let’s be frank – if you work for a company, then your primary goal is to make money. Period. You may have secondary goals to serve the interests of your customers, employees, and be a good corporate citizen, but your first priority is strictly return on investment. Profit.
I often find business owners and managers don’t have their priorities straight. The result is they lose customer loyalty, face increasing operating costs, scramble to replace staff turnover and struggle just to keep up with the competition. They may work hard and think positively, but their impact is marginal.
On the other hand, by simply realigning their priorities business owners can lead their company in a way that builds customer and staff loyalty, reduces operating costs, makes more money and serves as a model corporate citizen. You won’t have to work any harder; just smarter. To find out how, answer the following questions according to your current practices. Then read the accompanying suggestion for the best way to optimize your time and effectiveness.
What is normally your first task of the day?
- returning phone calls
- doing administrative paperwork
- working on strategic projects
- dealing with customers
- responding to employee requests
Your first priority of the day should be c: working on strategic projects designed to prevent problems and increase profits. Typically, however, managers put off strategic work to do other work that has a deadline. They confuse urgency with importance.
It’s always easy to put off work that’s strategic in nature because the deadline is usually non-existent or not urgent, and strategic work requires something many of us prefer to avoid – thinking. The problem is that if you continually put off projects designed to increase profits or reduce problems, then you end up having more crises to deal with.
A lot of managers and business owners secretly love putting out fires because it makes them feel like heroes. In fact, they live in a fool’s paradise, treating symptoms every day rather than curing the disease.
Doing strategic projects for the first hour of your day puts you in a proactive mindset. Even though crises may spring up, at least you have the comfort of knowing you’re doing something to prevent these problems from reoccurring. In other words, doing strategic project work gives you a sense of control and a feeling that there is a light at the end of the tunnel.
People talk about the emergencies that require their attention. The truth is, unless you work in emergency services, there is almost no problem or “crisis” or customer request that can’t be handled by someone else in the organization, or wait a mere hour and a half for your personal attention. Realistically, you’ll accomplish more in that hour and a half of strategic project work than the other seven hours of crisis management combined.
Of your major project work, which do you typically work on first?
- the one with the most pressing deadline
- the one that’s the easiest to do quickly
- the one that will generate the most profits over the long term
Obviously, you should work on c: the project that will generate the most profits over the long term. Ironically, most managers don’t do it. They react to deadlines, submitting to the tyranny of the urgent. It’s fine to work on projects with urgent deadlines, but at least spend the first hour on the long-term profit project, then work on the other projects with the urgent deadlines.
The bottom line is that to be an effective manager, you don’t have to be the most intelligent, the most enthusiastic or even the hardest worker. You simply need to learn how to organize your workday so that you’re less busy and more productive.
Jeff Mowatt is a customer service strategist, Hall of Fame speaker, and bestselling author. For more tips, training tools or to inquire about engaging Jeff for your team, visit www.JeffMowatt.com.
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