Tuesday, March 25, 2014

Business Times Column #74

Strike a Balance Between Life and Work and Thrive

Article date: Mar 19 2014

Marcus Straub

A great deal of attention, effort, energy and time goes into running a business. With all there is to do, it’s easy for those who own a company to sacrifice many aspects of their life, if not all of it, in the pursuit of success. However, there’s a tremendous benefit to everyone involved — owners, companies, team members, customers and families — to creating and maintaining a balance between life and work.

As an owner, you’re the foundation of your businesses. The more inspired and invigorated you are, the stronger your company. There’s no benefit, though, to working yourself into the ground. When you become fatigued and worn down, your business suffers simply because you don’t have the mental energy and clarity needed to be the caliber of leader necessary to create the level of success you desire. In addition, the relationships you have in your personal life will suffer because they, too, require your quality time and undivided attention to grow and prosper.

Remember, your business is only one aspect of life. You also have interests, hobbies, passions, your health and the important relationships you share with others outside of work. When you choose to become increasingly consumed by business and neglect these other aspects of your life, your happiness fades away. The more unhappy you are, the less your financial success will ultimately mean to you because of the tremendous price you paid and what you sacrificed along the way to achieve it.

Once your children have grown, you can’t go back and recapture those wonderful times in life. When a divorce occurs, it is impossible to return to the past and make up for neglecting the marriage. When your health fails, it can be difficult — if not impossible — to get it back. The No. 2 regret people express on their death bed is “Why did I work so hard?” I encourage you to not make this your regret as well.

The interesting thing about striking a balance between life and work is that in addition to improving the quality of your life, it also allows you to be a more productive, creative and effective business owner. When you make —and take — time to care for yourself and engage in the other aspects of your life, you recharge yourself mentally, emotionally and physically. You have more to give. In essence, you increase your own potential and, therefore, the potential of your company.

When you’re balanced and refreshed, you treat the people in your personal and professional lives better because your perspective is clearer and your attitude more pleasant. Your fuse and patience aren’t so short. When you treat people better, they have the tendency to do the same, and your relationships will thrive as a result.

Going on vacation, taking your spouse out for your a regular date night, spending quality time with your kids and pursuing your passions aren’t synonymous with work and business. While it’s true you can take your work with you on vacation, the reality is that neither will be the best they can be as long as your attention is divided between them. One must give way to the other.

When you go to a ball game with your son, skiing with your daughter or out on the town with your spouse, be fully present with them. When you attend a family function; hang out with friends; read a book in a hammock on a sunny, warm afternoon; or anything else you decide to do, enjoy the moment for all it’s worth.

The secret to all of this is truly stepping away from your business when you get outside the office to engage in the rest of your life. Turn off your phone, step away from the computer, leave your business thoughts and concerns behind as much as you can — and you can much more than you realize. When you choose to do so, all the moments of your life will take on a greater meaning for you and everyone involved.

In the end, we’re all left with the sum of the moments of our life gone by. We’ll either be pleased with the life we lived or we won’t. Live your life with the intention of creating balance among its differing aspects and you’ll not only be successful, but perhaps more importantly, you’ll also be happy.


 
Marcus Straub owns Life is Great! Inc. in Grand Junction. His personalized coaching and consulting services help individuals, business owners, executives and companies build teams, organizations and lives that are filled with happiness and success. He is the winner of the 2011 International Coach of the Year Award, and is also the author of “Is It Fun Being You?.” He is available for free consultations regarding coaching, speaking and trainings. Reach Straub by phone at 208-3150, by e-mail at marcus@lifeisgreatcoaching.com or on the website at www.lifeisgreatcoaching.com.

Monday, March 24, 2014

Coaching Tip #1016 "Utilize Life's Obstacles"



Hiccups to your plan, roadblocks and obstacles in your path and barriers or problems between you and your goals: These daily occurrences have the potential to keep you from happiness, success and the life you desire if you let them. The other option is to turn these same challenges into the building blocks of your goals and dreams. Utilizing life’s obstacles to learn, grow and develop greatly enhances the experience of living. Developing your ability to be calm, responsive and strong in the face of your difficulties will serve you well in your pursuit of happiness.

Thursday, March 20, 2014

Coaching Tip #1015 "Let Yourself Dream"



Who do you want to be? Where do you want to go? What do you want to experience? These are some of the important questions which cause us to dream. It is very important that you let yourself dream because dreams are inspiring; they instill hope and help you reach out into life for a greater experience. Hold your dreams up as more than fanciful thinking. Write them out, research and explore your options, share them with others, plan, allow for the opportunity and take action to make your dreams come true. Life is an adventure. Why not make a few of your dreams come true along the way?

Monday, March 17, 2014

Coaching Tip #1014 Good Feelings & Happiness"



What adds good feelings and happiness into your life? Is it spending time with your favorite people, engaging a passion or your work? Perhaps it's learning or experiencing something new? Knowing what contributes to your happiness is vital to your satisfaction and fulfillment in life. Once you are clear on the ingredients that comprise your unique recipe for happiness, make these things a consistent part of your life - make good feelings and happiness a priority in your life.

Monday, March 10, 2014

Coaching Tip #1013 "Make This Day Great!"



It's a new week, and your path to a great day lays before you now. Between the sunrise and sunset, strike out on a fresh, fun and rewarding path. Free yourself of any thoughts and feelings that anchor your awareness to a past occurrence or which limit you in the here and now. Move forward with the determination and freedom to make this day great!

Friday, March 7, 2014

Coaching Tip #1012 "Make Good Memories"



Give yourself only one option today. No matter what, make good memories - ones that warm your heart, ease your mind and bring a smile to your face. There's enough challenge, stress and hardship in the world already. Do your very best to not create more of these in your life or the lives of others. Have an amazing and memorable day!

Thursday, March 6, 2014

Business Times Column #73

Job Benchmarking Improves Hiring Process

Marcus Straub

Marcus Straub

Business owners who want to experience the highest levels of happiness and success must strive to retain top talent and increase the productivity of their teams. Many owners find themselves stumped as to how to actually accomplish this, however. The most important and effective place to start is at the beginning.

When new team members are hired through the usual means, they typically start out strong. Without attention to ongoing training and effective management, though, their productivity usually falls off over time and they’ll likely move on or require replacement. This will put you in the position of having to go through the lengthy, time consuming and often frustrating and expensive process of attracting, hiring and training someone new.

Extensive studies have estimated the cost of turnover to range from several thousand dollars to upwards of 150 percent to 200 percent of  a team member’s annual salary. The costs are high because they include not only loss of revenue, productivity and training expenses, but also the time, energy and stress involved with hiring someone new. When you add up all of these factors and spread them across the entire time your business has been operating, it’s easy to see your bottom line has taken a significant hit and will continue to do so until you make a change in your hiring process.

The average business hires new talent through a standard process of placing advertisements, accepting applications and resumes, interviewing “qualified” candidates, asking a few routine questions and then hiring based on who’s liked the most.

Without an in-depth analysis and real understanding of the position itself — it’s high payoff activities — and the type of person who will perform the job at its highest levels, the success ratio falls off quickly.

This is where Job Benchmarking comes in. Through the statistically accurate and proven process of Job Benchmarking, errors in the hiring process all but disappear as biases are eliminated and clarity is produced.

The first phase involves meeting with  subject matter experts — one to five team members who have a direct connection or experience with the position to be filled — to clearly define the position and identify its key accountabilities. This is done from the perspective of the job itself: What activities need to be done on a consistent basis and what type of person will it take to perform the job at its highest levels?

During the next phase of this highly effective process, I work closely with subject matter experts to rank individual key accountabilities in order of importance and time requirements. I then guide them through the completion of the job assessment, where they indicate the competencies, motivators, values and behaviors the person hired will need to perform the job at the highest possible level.

Once the job benchmark is finalized, the next step is to identify the most qualified candidates and have each one complete a simple online candidate assessment. A report compares each candidate’s assessment results to the identified parameters created in the job benchmark. This sophisticated tool provides clear-cut, non-biased information revealing the person best suited for the job.

During the final phase of the process, we use the solid hiring information in hand and interview the top candidate using behavioral-based methods and explain the key accountabilities of the position. This procedure clearly defines the position and manages the expectations of the new hire. After the person is hired, I also work with them for successful on-boarding and further development of their behaviors and competencies for optimal job performance.

The benefits of Job Benchmarking for hiring new talent are numerous and powerful. Studies have shown that when done correctly, productivity improves 30 percent and retention increases 50 percent. Productivity rises because the person’s behaviors and competencies align well with the requirements of the job. Retention increases because personal motivators match the necessary motivators for the position. Symmetry between the job and new hire takes job performance and team member satisfaction to new heights.

The rewards of Job Benchmarking to the company, its team members and customers are inescapable. As biases are removed and clarity and alignment created, the door to successful hiring appears.

If you want to hire and retain top talent and increase your team’s productivity, the highly accurate and extremely useful process of Job Benchmarking could be just what you need and what you’ve have been searching for.

Related Articles:
  1. Are you building a powerful business team?
  2. Are your team members your biggest fans?
  3. What’s your perception of change?
  4. Are you held hostage by a member of your team?
 
Marcus Straub owns Life is Great! Inc. in Grand Junction. His personalized coaching and consulting services help individuals, business owners, executives and companies build teams, organizations and lives that are filled with happiness and success. He is the winner of the 2011 International Coach of the Year Award, and is also the author of “Is It Fun Being You?.” He is available for free consultations regarding coaching, speaking and trainings. Reach Straub by phone at 208-3150, by e-mail at marcus@lifeisgreatcoaching.com or on the website at www.lifeisgreatcoaching.com.
Read More Articles by