Performance Reviews

Small Business Minute

 

One dreaded and often neglected aspects of being a business owner  (Tweet This) and managing employees, is the annual performance reviews. Although you’re well intentioned and sincere in your desire to perform this exercise in a timely manner, most of us just end up forgetting about them or, because we never get around to preparing the formal review, we just keep putting it off, much to the frustration of the employee.

Is this the right attitude? Absolutely not! But it happens all the time. So why is that? Well, as with many HR related issues, few of us are skilled in the area and not really sure how you’re supposed to conduct a formal annual review. There seems to be as many theories as there are days in a month.

After many years of struggling with this issue, I came up with a simple solution. I told the individuals that reported directly to me, that when I’m pleased about their performance or how they handled an issue, I’ll tell them at the time and likewise if I’m displeased. I was no longer going to collect all the information over the course of the year and then dump it all on them at once.

Once that system was in place, everyone knew where they stood and the annual discussion revolved around the coming year’s expectation and any increase. All very positive stuff for both parties.

I’m Greg Weatherdon and this has been your Small Business Minute.

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Small Business Minute #12- Leadership

 

Small Business Minute

 

Being a great leader is about helping others achieve, it’s not a position, it’s an attitude and anyone can be a leader, no matter where you are in an organization.

Great leaders work hard and are humble.

Great leaders are empathetic and they have an uncanny ability to see around corners.

Great leaders engage and empower their people. Tweet this!

Great leaders act as coaches and mentors,

There is this great saying I once heard and it goes something like this:

“When I talk to managers, I get the feeling that they are important but when I talk to leaders I get the feeling that I am important”

True leaders, have your back, they create an environment of trust and they won’t be throwing you under the bus.

And lastly, true leaders take all the blame and give away all the credit.

A study by Leadership IQ showed that individuals who are engaged with leaders for 6 or more hours a week are

29% more inspired

30% more engaged

15% more motivated

10% more innovative

I don’t know about you, but I’ll take an inspired, engaged, motivated and innovative staff over the alternative, any day.

So are you a leader?

I’m Greg Weatherdon and this has been your Small Business Minute.

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Small Business Minute # 11 – Passion

 

Small Business Minute

 

 

 

 

 

 

Entrepreneurship is currently all the rage. It’s the Pot of Gold at the end of the rainbow. It’s the magic elixir that will fix everyone’s problems and so many people are spending hours daydreaming about the life they will enjoy once they get into business.

Unfortunately for the uninitiated, going into business is very hard work and for the most part the reality of being in business doesn’t come anywhere near your dreams.

So if you’re bound and determined that being a business owner is on your horizon, you need to have one important ingredient- Passion.

Now don’t confusion true passion with excitement. Passion is your secret sauce, your silver bullet. Passion will keep you going when all hope has vanished. Passion is that internal flame that keeps burning long after you would have normally packed it in and quit, excitement won’t do any of that.

Believe me when I say, there is absolutely nothing wrong with dreaming about being in business. I’ve started thousands of businesses in my mind and the beauty is, it cost you nothing, so go ahead and dream. But if you’re going to turn your dream into reality, just make sure you choose the right dream and that you’re passionate about it.

I’m Greg Weatherdon and this has been your Small Business Minute.

Copyright © Greg Weatherdon 2015

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