Jeweller - July 2019
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
MANAGEMENT<br />
HAPPIER AND MORE PRODUCTIVE LEADERSHIP<br />
SCALING UP A BUSINESS CAN TAKE ITS TOLL ON ONE’S WELLBEING. IN PART ONE OF THIS TWO-PART SERIES, DOUG FLEENER<br />
DETAILS HOW TO CHANGE MINDSET AND MANAGEMENT PRACTICES TO BEAT STRESS AND IMPROVE OUTCOMES.<br />
Over the years, I’ve worked with various<br />
stressed-out owners and managers. Usually<br />
they are smart and dedicated people who<br />
couldn’t work any harder if they tried but<br />
they always feel like they’re getting less<br />
done and falling further behind.<br />
Does this sound familiar?<br />
Chances are there was a time you felt you<br />
had everything under control. It almost<br />
seemed as if your store or company was on<br />
autopilot. For some people, this may not<br />
have been too long ago – while for others<br />
it may be a distant memory.<br />
Everything was all good... and then<br />
something changed. You added more<br />
lines, more stores, more employees or<br />
perhaps fewer employees; your socialmedia<br />
exploded; your foot traffic fell away<br />
or increased and so on.<br />
Change is the one constant in business.<br />
Change is rarely the result of a single<br />
event; it’s instead an evolution driven<br />
by alterations in technology, buying<br />
behaviour, competition and countless<br />
other external and internal forces.<br />
So, are all of these changes the reason<br />
things no longer feel in control?<br />
Not really. It’s not the evolution of your<br />
business that causes you to feel stressed<br />
and overwhelmed; it’s the lack of evolution<br />
in the way you work.<br />
You can’t run a four-store chain the way<br />
you ran a single store<br />
You can’t manage a business that has an<br />
revenue of $2.5 million in the same way<br />
you ran a store with only $500,000 revenue.<br />
Also, you can’t run your business like you<br />
did three years ago.<br />
Too much has changed and if you’re feeling<br />
overwhelmed then there’s a good chance<br />
that you haven’t changed with it. The<br />
good news is that you can jumpstart that<br />
evolution right now.<br />
FOUR WAYS TO CHANGE<br />
Let’s look at four key areas that can<br />
help you be a more productive and<br />
happier leader.<br />
Accept that your work will rarely be<br />
done – Let’s agree that it is nearly<br />
impossible to get everything done in<br />
this always-on, always-wired, 24/7 world.<br />
I always joke that I became more successful<br />
when I started keeping a ‘to-don’t’ list<br />
instead of a ‘to-do’ list.<br />
At the end of the day, we just have to<br />
accept that some things will have to carry<br />
over to be done at another time or maybe<br />
they’ll never get done at all.<br />
Time management is neither the problem<br />
nor the solution – Unless you’ve got a<br />
time machine in your office, just take time<br />
management off the table.<br />
Of course, if you do have a time<br />
machine, please let me know because<br />
I have a few things that happened in<br />
my twenties that I’d like to go back and<br />
change... but I digress.<br />
There can be no blaming a lack of time for<br />
being overwhelmed. We all have the same<br />
number of hours in a day.<br />
What you have to manage is not time,<br />
but priorities – It’s about making the right<br />
choices regarding where you focus your<br />
energy and effort. Managers can make two<br />
mistakes when it comes to this.<br />
The first is doing what they want to do,<br />
not what they need to do. It’s human<br />
nature to gravitate to the things we like<br />
or do well and sometimes these are<br />
aligned with our priorities, but sometimes<br />
they’re not.<br />
The second is letting employees and<br />
outside forces dictate priorities.<br />
This happens more than people realise.<br />
Leaders have to manage priorities like a<br />
full-back holds on to a football.<br />
MANAGING PRIORITIES IS MORE IMPORTANT THAN MANAGING TIME<br />
IT IS NEARLY<br />
IMPOSSIBLE TO<br />
GET EVERYTHING<br />
DONE IN<br />
THIS ALWAYS-ON,<br />
ALWAYS-WIRED,<br />
24/7 WORLD –<br />
I ALWAYS<br />
JOKE THAT I<br />
BECAME MORE<br />
SUCCESSFUL<br />
WHEN I STARTED<br />
KEEPING A ‘TO-<br />
DON’T’ LIST<br />
It doesn’t mean you’re not available when<br />
needed but you should be the one who<br />
decides when something else should take<br />
precedence over your priorities.<br />
Delegating isn’t enough – Although most<br />
managers and owners could increase<br />
delegation to their staff, this is not the<br />
cure-all that most people think it is.<br />
I can’t tell you how many times an owner<br />
or manager has told me he or she needs<br />
to delegate more, which always makes me<br />
think, ‘So do it!’<br />
I’m sure it wouldn’t hurt to distribute<br />
some of the tasks you’re doing that are<br />
keeping you from your priorities but the<br />
biggest reason to delegate is to have<br />
more engaged staff.<br />
It really isn’t going to have much impact on<br />
your own levels of stress.<br />
There’s a fifth critical element I’ll explore<br />
next month. In the meantime, think about<br />
the actions you can take now that will result<br />
in a more productive and happier you. i<br />
DOUG FLEENER is<br />
president and managing<br />
partner of Sixth Star<br />
Consulting. dougfleener.com<br />
38 <strong>Jeweller</strong> <strong>July</strong> <strong>2019</strong>