More Tips That Mean Better Profits

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Tip 9. Did you ever spin round and round till you fell over as a child? Or hold your breath for as long as you could? What activity did you try to break the world record at? They all might sound quaint, but there are some in business who still try to break records every day. Are you one of them?

winners cupSome records are good to break – most sales, best service, biggest tips and the like. Some – like the most consecutive days at work, or longest day, or continually ‘winning’ most hours in a week are maybe not so good.

There are times when extended work hours are beneficial, but if they become the norm then something is wrong with that business, and it is getting worse. I can say that without fear of contradiction because when one person spends to many consecutive hours, days or weeks at work their productivity suffers. They spend longer achieving less.

They may work harder, or at least put more effort into the job, but the Law of Diminishing Returns says that their RESULTS are reducing.

The solution is simple – make sure that you take appropriate breaks. That means at least taking a real lunch break during the normal working day, not working seven days a week (well, not for more than two or three consecutive weeks anyway, and then only if circumstances demand it), and taking a holiday every year.

You’ll come back to work refreshed, and capable of far more than if you never went away. One millionaire I know says he couldn’t possibly achieve everything he schedules in a year if he worked for the full 12 months, however he finds it easy to complete in ten months! His two months a year break recharge his batteries and his effectiveness more than compensates for his time away.

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One last thing – the same is true for your team members too!

Tip 10. Be adaptable. Everyone has heard that “Failing to plan is the same as planning to fail”. Having spent many years as a Project Manager I agree with that.

project_reader-19891There is one thing, though – a General once said “No Battle Plan ever survives the first skirmish with the enemy”. In other words almost as soon as the plan is put into action, something unexpected happens. That’s usually true for business projects as well.

Having a good plan means that you actually understand your objectives, resources and time constraints well enough to react in an appropriate way to get the plan back on track. Not having a good plan means just guessing about what to do next.

Whatever you intend to do, make a plan, and document it. Then be prepared to modify it, sometimes on the fly as circumstances change due to external events.

Have you experienced a plan falling to pieces? Were you able to recover? Let us know your story!

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