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Strategies for Managing Your Business
If your going through rough times or calm, our great crew can help you navigate & chart the course. It's smooth sailing with Trumans.
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ATO pushes up costs of businesses run through trusts

ATO pushes up costs of businesses run through trusts | Strategies for Managing Your Business | Scoop.it
The Australian Taxation Office is forcing up the costs of businesses that operate through trusts, tax experts have said in response to a discussion paper on the review of integrity provisions that try to stop owners from siphoning money from their...
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...if you need help with your business, speak to us.  Whether you are going through rough times or calm times, we can help chart your course.  It's smooth sailing with Trumans.

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5 Great Leadership Lessons From the Movie Lincoln

5 Great Leadership Lessons From the Movie Lincoln | Strategies for Managing Your Business | Scoop.it
If you haven’t seen the movie Lincoln yet, stop whatever you’re doing, go to the nearest theater and watch it right now.
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Want Better Engagement? The Little Things Matter More Than You Think

Want Better Engagement? The Little Things Matter More Than You Think | Strategies for Managing Your Business | Scoop.it

Companies everywhere are looking at how to drive up engagement scores and results. Yet, research tells us that the most significant factor in engagement is the relationship employees have with their direct manager, and if someone cares about...

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Does it pay to know your type?

Does it pay to know your type? | Strategies for Managing Your Business | Scoop.it
Corporate America, the government and universities think so. They spend millions of dollars each year giving workers and students the Myers-Briggs Type Indicator test to steer training programs and career goals.
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Why Every Corporation Should Employ A Futurist

Why Every Corporation Should Employ A Futurist | Strategies for Managing Your Business | Scoop.it
Most people and corporations are terrible at planning for the future, according to prominent futurist Dr. Peter Bishop of the University of Houston.

Read more: http://www.businessinsider.com/peter-bishop-on-futurism-2012-12#ixzz2FMIQhWVB
Trumans's insight:

I couldn't agree more. Many companies are so busy with their day-to-day activities that they are unable to take time out to consider "what might be" rather than "what is" today. It seems to me that the companies that are seeing huge growth these days are those that spend a large amount of time thinking about the future...

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An essential legal checklist for time-poor start-ups

An essential legal checklist for time-poor start-ups | Strategies for Managing Your Business | Scoop.it
You’ve got a great idea for a business. The best thing to do would be to get to dazzle the market with your master plan and start selling as soon as possible, right?
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Innovators: How to Maximize Their Talents in Mature Organizations

Innovators: How to Maximize Their Talents in Mature Organizations | Strategies for Managing Your Business | Scoop.it
Why leaders of growing businesses need to treat innovators differently than other employees in the product-development process.
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Businesses need to let the "right brain thinking" people do their stuff too.  It's not always just about managing the numbers...

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Biting the management bullet

Biting the management bullet | Strategies for Managing Your Business | Scoop.it
There’s a point on the growth path of every start-up, when the founder of the business needs to make the decision to bring management talent into the business.
Trumans's insight:

...and that includes the right professional advisers too. Speaking to an Accountant in the very early days of your start-up will save you many headaches, not to mention channeling funds into unnecessary areas either too early, or needlessly.

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How to Think Globally

How to Think Globally | Strategies for Managing Your Business | Scoop.it

Business smarts are not enough. The best global leaders are also political gurus and experts in dealing with the nonrational.

CEOs are naturally students of the big picture. Bhaskar Chakravorti, senior associate dean at the Fletcher School at Tufts University and executive director of Tufts's Institute for Business in the Global Context, wants them to think even bigger. As more businesses become global in scope, leaders must become experts in geopolitics as well as economics and must be conversant in topics as diverse as the domestic agendas of foreign markets and the ways those countries use natural resources and resolve regional disputes. Chakravorti spoke to Inc. about the imperative to follow world events. --as told to Leigh Buchanan


Via Vicki Kossoff @ The Learning Factor
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Emotional Intelligence: Organizational Change by Adaptive Leadership - Intelligent Head Quarters

Emotional Intelligence: Organizational Change by Adaptive Leadership - Intelligent Head Quarters | Strategies for Managing Your Business | Scoop.it

What exactly is the change? What skills does a real Leader need to lead through the change successfully? Change is restructuring, re-evaluation and rebuilding of company values, leading through emotional resistance loyal to old customs, guiding through the distrust, confusion, mis-understanding and disagreement. All these emotions might drag you backward and you might end up fixing and even defending your old strategic path. But this is not exactly what you need to do as a leader if you are committed to win.

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Understanding the Science of Change

Understanding the Science of Change | Strategies for Managing Your Business | Scoop.it

Change lights up an area of the brain, the prefrontal cortex, which is like RAM memory in a PC. The prefrontal cortex is fast and agile, able to hold multiple threads of logic at once to enable quick calculations. But like RAM, the prefrontal cortex’s capacity is finite—it can deal comfortably with only a handful of concepts before bumping up against limits. That bump generates a palpable sense of discomfort and produces fatigue and even anger. That’s because the prefrontal cortex is tightly linked to the primitive emotional center of the brain, the amygdala, which controls our fight-or-flight response. Kevin Sparks has been trying to get his staff to change the way it monitors and supports the data center ...


Via the Change Samurai, David Hain
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11 Ways to Establish a Trust Message

11 Ways to Establish a Trust Message | Strategies for Managing Your Business | Scoop.it

• Tell the truth as a way to create an open environment.

• Support autonomy as a way to encourage innovation and for people to bring their best.

• Challenge the status quo when necessary to introduce the power of new ideas.

• Show appreciation for all efforts, big and small.

• Be a model of something good by sharing your gifts and life examples.

• Become a more active listener. Focus on key points by connecting to what you know while showing interest in others’ messages.

• Use supportive non-verbals. Align your say and truth in your face and voice.

• Don’t be afraid to ask questions. Inject them to check message understanding.

• Be aware of your style and adjust to the situation.

• Know the audience by being alert and flexible to the circumstances.

• Give and receive feedback appropriately, constructive in criticism and reinforcing in the positive.


Via AlGonzalezinfo, Amy Melendez, David Hain
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How The Best Leaders Build Trust

How The Best Leaders Build Trust | Strategies for Managing Your Business | Scoop.it
How To Build Trust

By Stephen M. R. Covey

Almost everywhere we turn, trust is on the decline. Trust in our culture at large, in our institutions, and in our companies is significantly lower than a generation ago. Research shows that only 49% of employees trust senior management, and only 28% believe CEOs are a credible source of information. Consider the loss of trust and confidence in the financial markets today. Indeed, “trust makes the world go ’round,” and right now we’re experiencing a crisis of trust. This crisis compels us to ask three questions. First, is there a measurable cost to low trust? Second, is there a tangible benefit to high trust? Third, how can the best leaders build trust in and within their organizations to reap the benefits of high trust?

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Franchising - What channels should I use to find the right franchisees for this expansion?

Franchising - What channels should I use to find the right franchisees for this expansion? | Strategies for Managing Your Business | Scoop.it
You need to get the foundations of franchising in place before you start looking for franchisees.
Trumans's insight:

... and you will need a great Accountant to help navigate you through the rough times and the calm times. Call us. It's smooth sailing with Trumans.

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Four Ways That Social HR Will Transform Business in 2013

Four Ways That Social HR Will Transform Business in 2013 | Strategies for Managing Your Business | Scoop.it

‘Tis the season for decking the halls and finalizing 2013 budgets. As you and your company crunch the figures for the year ahead, there’s something that can dramatically alter your bottom line to get on your radar: Social HR.

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Business reporting: How to tailor advice

Business reporting: How to tailor advice | Strategies for Managing Your Business | Scoop.it
FAR FROM BEING CONFINED to the back office, many businesses now expect their accountants to behave like investigative journalists by providing prompt, proactive analysis of an issue, then to participate in decision-making.
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Accountants beat banks as most trusted source of advice

Accountants beat banks as most trusted source of advice | Strategies for Managing Your Business | Scoop.it
Small businesses trust their accountant’s advice more than bank managers, friends and family. Companies are more honest with accountants than anyone...
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The Top 50 Problems With Performance Appraisals

The Top 50 Problems With Performance Appraisals | Strategies for Managing Your Business | Scoop.it
“(Some) 90 percent of performance appraisal processes are inadequate.” – Salary.com survey In conversations with HR leaders and employees, the talent management process that suffers from the most disdain around the world is the...
Trumans's insight:

We have now developed a One Page Performance Review, which works well for both Management and Staff.  Go here to learn more: http://www.onepagetalent.com

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3 Ways to Fix Your Company Culture

3 Ways to Fix Your Company Culture | Strategies for Managing Your Business | Scoop.it
Scheming, back-biting and gossiping do no good. How to put an end to it, now.
Via Jose Luis Anzizar, David Hain
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Anne Egros's curator insight, December 14, 2012 2:45 PM

Do you check if future employees fit with your corporate culture ? From my experience very few companies have a formal process to check how someone will adpat to management styles, team work spirit and general expectations in term of  behavior. Do you ?

donhornsby's curator insight, December 15, 2012 7:50 AM

(From the article): "Start Now.  It is very difficult to change the culture once it’s embedded within an organization. Far better to set expectations from Day One. This means proactively screening candidates for culture fit along with other key attributes. What will drive success for your business? We often want our employees to be honest, responsible, customer-focused, flexible, innovative and efficient. Design your company’s personality to be the way you want your customers to experience it."

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5 personalities that wreck a meeting

5 personalities that wreck a meeting | Strategies for Managing Your Business | Scoop.it
Bad behavior can quickly lead a meeting astray, but here's how to get back on course
Trumans's insight:

If you work in a large corporation, chances are you spend a lot of time in meetings. And if you spend a lot of time in meetings, you soon see human nature displayed in its full glory as people jockey for attention, claim credit for anything they can and prey, Darwinian-style, on weaker members of the tribe.

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Working from home: Is it slacking or exploitation?

Working from home: Is it slacking or exploitation? | Strategies for Managing Your Business | Scoop.it
Working from home used to be a euphemism for slacking off, but now it could disguise overwork and under-pay
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What makes a great place to work?

What makes a great place to work? | Strategies for Managing Your Business | Scoop.it

You and your colleagues work long hours. In gratitude, on Valentine’s Day, the company sends a gift to your long-suffering partners as a way of saying thank you. Sound far-fetched? Sydney-based recruitment company TRC Group did just that.

“It was a little gesture and didn’t cost a lot, but [it] generated a lot of goodwill,” says Simon Moss, TRC Group’s managing director.

Moss explains that this and other benefits such as Family Days – with a barbeque and football in the park – are part of a bigger plan to build a community around the company.

Initiatives like this are one reason that the company made it into the 2012 top 10 list of best workplaces published by BRW.

As attractive as these benefits are to staff, Moss believes the most important reason people enjoy working at TRC is that there is “a fundamental sense that people are part of something bigger than themselves”.

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What Type of Leadership Culture are You Promoting?

What Type of Leadership Culture are You Promoting? | Strategies for Managing Your Business | Scoop.it

Recently, I was working with a team of managers when one of the participants received an urgent call from his manager, who told him to fly back to corporate headquarters right away.

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Four Ways Leaders Ignite Engagement Culture

Four Ways Leaders Ignite Engagement Culture | Strategies for Managing Your Business | Scoop.it
There are leaders who engage naturally with people, and leaders who are simply uncomfortable with engagement at a human level. The former have an advantage over the latter, clearly. Engaged leaders work with employees; those who shun engagement have employees who work for them, not necessarily with them. It’s a distinction with a difference. The engaged leader brings people together to serve a common cause; the disengaged leader hires people and tells them what to do, but never really gives them the reason ‘why’.

If you’re not an engaged leader, leave community building to others who enjoy interacting with people

Employee engagement has many benefits which have been discussed here at length. I’d like to talk about a unique engagement focus: social community building as an extension of an engaged workplace. Engaged leaders naturally and organically build communities of workers who share purpose and motivation. Disengaged leaders may ‘create’ communities, but these are more likely to be PR or marketing constructs, planned communities with an agenda in place of a mission.

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Finding Focus: 12 Leadership Focal Points

Finding Focus: 12 Leadership Focal Points | Strategies for Managing Your Business | Scoop.it

Ever end the day worn out but wondering what you accomplished. Coach Wooden warned, “Never confuse activity with achievement.” Life without focus is wasted. Worse yet, wrong focus guarantees wrong ...


Via David Hain
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