Owning your own business is a daunting task most of the time no matter if it’s a small business or a large corporation. There are so many things to think about and consider before you make decisions. One wrong move could send your company into a downward spiral so as a business owner you must take the time to think about every problem that comes arises and come up with a solution that is best for you, your employees and your bottom line. The world is so competitive and with the boom in technology and the internet competition is fierce no matter what business sector you are in. Conducting weekly or monthly meeting is a good way to ensure that everyone in all your departments is working together and effectively.
The Structure of Your Meetings
Let’s face it; most if not all business meetings can be long and drawn out and just downright boring. You really only have ten to fifteen minutes at the beginning of your meetings where you have the full attention of everyone in the room. After that people’s attention span drops dramatically and even though they are sitting in the room they really aren’t paying attention to anything that is being talked about. With that being said it’s always best to go over the most crucial items of business first. When you do this you need to be quick and to the point so that you can move on to the next item. It’s always a good idea to get feedback from one or two people on each item and then move on. After you have gone over all of the crucial business items, it would be a great idea to bring up some of the positive things that have transpired over the past month. You will find that if you encourage your team instead of always just bringing up problems they will be more likely to be productive.
If you know anything about business you know that sales are white drive the company and make everything happen. Without sales there would be no company so having and keeping a good sales team is very important. In every meeting you need to go over sales no matter if they are up or down. However, always encourage your sales team and make sure that you give them incentives to make more sales. If you don’t pay your sales people enough or don’t give them big enough commissions then they really don’t have anything to motivate them. Training is the one thing that you don’t want to skimp on when it comes to your sales team so you might want to consider negotiations training.
It takes a lot of hard work and team work to start and business and keep it running every day. You sacrifice time away from your family and loved ones in order to make it succeed so you should stop at nothing to make sure that your employees have every advantage. If you motivate your sales team they will always perform better.