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Learn Common Mistakes You & Your Team May Be Making In Time Management

Learn Common Mistakes You & Your Team May Be Making In Time Management

You are a fantastic multi-tasker!   What used to be a benefit is now in the top 10 of common time management mistakes!

We listed it in our New Years Resolutions NOT to make- ”Do Not promise to multi-task”.  To view our newsletter:   http://eepurl.com/ilLek

Have you hired a new employee because they are great multi-tasker? Are you praising your office manager who is always busy doing five projects at once?  The results of multitasking are documents and projects full of errors.  Survey’s are showing that there is a sixty to eighty percent reduction in productivity levels and a lack of concentration when employees try to multi-task.

What other areas are eating away at your day without you even realizing it?  Like many others, you have probably considered these to be assets to productivity, but in reality they are draining your employee and wasting time.  Do you value the employee who:

  • Has time to take on every project
  • Thrives on busy
  • “Never-takes-breaks”
  • Can never say “no”
  • Micro-manages
  • Gets a rush when they are busy or when the team is on overload

All of the above listed so-called qualities will lead to lower performance levels, lower team morale and stress in the firm.  They are merely misleading you to believe that effective people are busy.  The reality is that this busy addiction rarely means that you are effective and again leading to more stress in your firm.

Consider each of these so called assets in your employee a waste of time!  Train yourself, your managers, and your team to re-evaluate their time management systems.  Have everyone in the firm take a personal time-management quiz, and learn to slow down, focus, and provide quality instead of quantity.

 Other areas that you will want to evaluate:

·         How You Manage Distraction – employees can lose up to 2 hours a day from distractions

·         Procrastination – if a task seems too big, dedicate a small time each day towards the task and complete the task over time.

·         Scheduling Tasks – schedule low-energy work (like checking your email, returning calls, etc.) to the time of day when your energy level is at its’ lowest

·         Goal Setting

·         To-Do Lists

Time management really boils down to knowing how you can schedule your time effectively.  Know what your daily priorities are and know your goals.  By being aware of priorities and goals you will be able to create a schedule that is beneficial for you and your firm.  The next quality to teach your current employees or to look for in a new hire is……time management skills.

 

Ironstone has several aides available for your firm in developing healthy, productive time management skills.  Download our Time Management Survey Here!   TimeManagement

 

We want to hear from you!  What strategies are you using to improve your time-management skills?

 

Follow us as we explore each of Ironstone’s Fundamental 4™!

  • Strategic Planning
  • Business Development
  • Operational Effectiveness
  • The Human Element

 

You won’t want to miss our next in the series:  The Human Element-Culture In Your Workplace: What Culture Are You Cultivating At Your Firm?  Healthy or Toxic?

 



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Learn How To Create A Unique Value Proposition For Your Firm

Learn How To Create A Unique Value Proposition For Your Firm. 

Do you have a defined clear answer that inspires questions?  If you can describe to someone in a sentence or two what your business does and why it is valuable, you probably have a strong unique value proposition. 

Branding and Value Propositions create a distinct fingerprint that sets your practice apart.  Ensure your firms brand uniqueness while effectively meeting client needs and creating the value promised.  You need to think about the value you offer to clients by determining;

What are their needs and how will you satisfy those needs?

Position yourself as someone who understands where your clients and prospects are coming from, where they are going, and what they need along the journey to reach their destination.  Some examples:

  • Ease nervousness during market volatility
  • Relieve their major concerns about retirement
  • Ensure their legacy will live on for the next generation

A value proposition cannot be a vague description of the products and services that you offer.  YOU need to tell them the results they will get from you.

To help you- here are a few guidelines to follow while creating your value proposition

  • Create Interest
  • Differentiate yourself from your competitors (You will not be able to accomplish this based on products alone.)
  • Focus on your client’s point of view

Keep in mind that your value proposition should identify solutions to meet the needs that your clients are facing.

How does your brand fit in with your value proposition?  If your brand position is successful, overtime, your brand logo will symbolize your value. 

Many firms do not convey their message in a clear and concise manner.  Ironstone will help you make sure you are not in that situation.  

We want to hear from you!  What is YOUR unique value proposition?

 

 

Follow us as we explore each of Ironstone’s Fundamental 4™! 

  • Strategic Planning
  • Business Development
  • Operational Effectiveness
  • The Human Element

 

You won’t want to miss our next in the series:  Operational Effectiveness-Time Management