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10 Steps To Transform Yourself From An Employee To A Boss

10 Steps To Transform Yourself From An Employee To A Boss

Becoming your own boss is a major shift in responsibility. For the first time, your income will be directly linked to your results. Fortunately, many people have made the transition before you. You can learn from their experience. The following 10 steps will smooth the path to business greatness.

1. Prepare For The Learning Curve

Managing yourself in your own business presents a dramatic challenge, quite unlike anything you do as an individual. In order to transform yourself into an effective boss, be prepared to learn. That means adopting a beginner’s mindset. Take note of comments from your customers, as well as those who decline to buy from you.

Action Step: Carry a notebook with you to every meeting so that you don’t lose any valuable insights.

Resource: To navigate through a challenging career change read “What Got You Here Won’t Get You There: How Successful People Become Even More Successful!” by Marshall Goldsmith.

2. Know Your Strengths and Weaknesses

Management achievement starts with self understanding. Knowing yourself for leadership growth is a key way to set yourself apart from other people. How do you get to know yourself better? You can use reflection tools such as the 5 Minute Journal. There is also value in using personality assessment tools such as the DISC Profile.

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To go deep with your strengths, use the Strengths Finder assessment (and read the book: “StrengthsFinder 2.0″ by Tim Rath).

Action Step: Complete a personality profile such as DISC to discover your strengths and weaknesses.

3. Become A Master of Meetings

Meetings are a key professional tool that successful managers use to accomplish work and make important decisions. If you are still complaining about meetings, it is time to improve. Top managers show mastery of effective meeting habits, such as following a written agenda and keeping a meeting focused.

Action Step: Review the meetings you regularly attend and make note of which one is most effective? Visit the person who runs that meeting and ask them for advice on how to run effective meetings.

4. Talk To Three People Who Run Companies In Your Niche

There is no replacement for the advice and insight of successful entrepreneurs in your own industry. For example, if you are planning to open a fitness company, there are many questions you ask before you start. You could; for example, ask successful people how they obtained customers in their first year of operations. In addition, ask what expenses are truly necessary to get started. The answer may be less than you imagine.

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Action Step: Use Linkedin Advanced Search and contact three successful entrepreneurs in your industry. Ask them to lunch. Come prepared with a list of questions!

5. Focus on Sales, Not Business Cards

Starting a business is exciting! The excitement and the potential for significant income are some of the reasons you may feel drawn to start a business. In order for your business idea to succeed, you must spend serious time and attention on sales. Resist the urge to spend a lot of money on business cards, office supplies and other expenses. Sales needs to be the top priority.

Action Step: Experiment with different sales and marketing ideas (e.g. cold calling or online marketing) until you start to find success.

6. Open A Business Bank Account

Managing money effectively is important to growing your business. To avoid tax problems, open a business bank account so that your business expenses and revenues are kept apart from your personal money. Many banks and credit unions offer low cost business checking accounts to small businesses and entrepreneurs.

Action Step: Open a business checking account at your local financial institution.

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7. Create A Business Structure (e.g. The Legal Stuff)

As you work to obtain your first few customers, you may decide to operate as a sole proprietorship. That business structure has the advantage of needing little or no paperwork to establish, depending on your country’s requirements. If you expect to face significant risk or liability, you may wish to consult an attorney or lawyer for further advice.

Action Step: Request a meeting with a business lawyer to seek advice on what business structure to use.

8. Build Your Business On The Side

Building a successful company takes years of steady work and learning from your mistakes. That’s why many people build their companies during the evenings and weekends, while they keep a regular day job to pay the bills. Taking this approach also gives you the flexibility to try several business ideas and target markets.

Action Step: Set a goal for how many hours per week (e.g. 10-20 hours per week) you will work on your “side business” to grow it.

9. Build A Six Month Emergency Fund Before You Quit Your Job

Becoming your own boss is exciting! Unfortunately, some people make the mistake of leaving their day jobs behind before thinking through their financial needs. To give yourself peace of mind, set up a seperate bank account where you save the equivalent of six months of expenses. For example, if your monthly living expenses are $2000, then a six month emergency fund would require $12,000.

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Tip: If you’re not sure where to find extra cash for your emergency fund try reading: Spring Cleaning Your Finances to Find Hidden Money.

Action Step: Open a high interest savings account and start adding money to your emergency fund.

10. Hire Staff Very Slowly

Hiring your first employee is a major step in the growth of a new business. However, a bad hiring decision has the potential to damage your business and waste a great deal of your time. Delay hiring your first team member until it is absolutely required.

Action Step: Look into hiring a virtual assistant to help you grow your business.

Featured photo credit: Businessman/Unsplash via pixabay.com

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Bruce Harpham

Bruce Harpham is a Project Management Professional and Founder and CEO of Project Management Hacks.

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Last Updated on November 5, 2019

How to Use Visual Learning to Work More Effectively

How to Use Visual Learning to Work More Effectively

Knowledge is essential to become successful in life, your career and your business. Without learning new concepts and becoming proficient in our craft, we cannot excel in our chosen careers or archive knowledge to pass down to the next generation.

But content comes in various forms, and because how we learn influences how much we know, we need to talk about learning styles. This article will focus on how to utilize visual learning to boost your career or business.

The Importance of Knowing Your Learning Style

Knowing your learning style enables you to process new information to the best of your ability. Not only does it reduce your learning curve, you’re able to communicate these same concepts to others effectively.

But it all starts when you’re able to first identify the best way you learn.

As a college student, I soon figured out that taking online courses without visual aids or having an instructor in front of me led to poor retention of concepts.

Sure, I got good grades and performed excellently in my online exams. However. I discovered that I couldn’t maintain this performance level because I forgot 80 percent of the course content by the end of the semester.

There are several types of learning styles known to mankind. To give an idea of how visual learning stacks up against other learning styles, here’s a brief mention of some of the different types of learning styles we have.

The four most popular types of learning styles are:

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  • Visual learning style (what this article talks about).
  • Aural or auditory learning style (learning by listening to information presented).
  • Verbal or linguistic learning style (learning that involves speech and writing).
  • Tactile learning style (learning by touching and doing)

But for the purposes of this article, we will be focusing on using visual learning to boost your career or business.

How to Know If You’re a Visual Learner?

When it comes to boosting your career, business (or education), a visual learner is one who would most definitely choose shapes, images, symbols, or reading over auditory messages.

I’m talking about preferring to read an actual map when navigating to a new place over listening to verbal directions. I’m talking about discovering that you actually have trouble remembering what your manager said at the meeting because there were no graphs or illustrations to support the points raised.

Most people who struggle with learning probably aren’t leveraging their best learning styles. The earlier you identify how your learning style can boost your success, the less struggle you will encounter with processing new information throughout your career.

However, visual learning in particular CAN 10x your career or business whether it is your preferred learning style or not. And here’s why:

Several studies have arrived at the conclusion that the brain retains more information with the help of visual aids. In other words, images are directly processed by our long-term memory which helps us store information for longer periods of time.[1]

While some lessons can be performed orally, several concepts can only make sense if you have an image with an explanation of sequences (i.e learning about the human DNA).

Visual learning does use a different part of the brain and visual cues are processed by the part of the brain known as the occipital lobe.

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By engaging more parts of the brain during learning, you’re able to have a fuller understanding of concepts and facilitate better interaction with your immediate environment.

How to Use Visual Learning for Success

Here’re 4 ways to use visual learning to boost your career or business:

1. Bring back the to-do list. Then add shapes and colors to boost productivity.

We live in an age where computers have taken over virtually every aspect of productivity and most human functions. But written lists are making a comeback, and with an endless number of important tasks to complete, having a to-do list of tasks in order of importance can improve your productivity.

While coming up with a list is initially challenging, adding colors and shapes to written lists that you personally write and manage gives you an extra layer of assurance and boosts aids recall so that you actually get stuff done.

I have tried this technique in my work as a registered nurse and discovered that adding shapes and colors to to-do lists helps me delegate tasks, recognize where more work is needed, and makes it easy to cross off completed tasks at the end of the day.

2. Add graphs, charts and symbols to your reports.

Yes, it seems like more work cut out for you. However, graphs enable you monitor the heartbeat of your business.

Graphs and charts help you trend your finances, budget, and pretty much any data overtime. With the help of free and premium software available on the market, it has become easier to take plain data and in a matter of seconds, have relevant information displayed in different shapes and images.

As an entrepreneur, you can make predictions and allocate funds wisely when you’re able to see whether your efforts are rewarded. You can use colors and charts to delegate actions to members of your team and track performance at the same time.

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And when broken down into monthly, quarterly, bi-annual or annual goals, graphs and charts communicate what ordinary text cannot.

3. Effectively brainstorm with mind-mapping.

Mind-mapping is not new but I don’t think it’s been talked about as often as we do to-do lists.

With mind mapping, you’re organizing information accurately and drawing relationships between concepts and pieces from a whole.

Think of a mind map as a tree with several branches. For example, the tree can symbolize healthcare while each branch stands for nursing, medicine, laboratory science, and so on. When you look at nursing, you can further branch out into types of nursing; pediatric, women’s health, critical care, and so on.

It’s an interesting relationship; the more ideas you’re able to come up with for your chosen subject, the deeper you get and the stronger the association.

Mind maps really show you relationships between subjects and topics, and simplifies processes that might seem complicated at first glance. In a way, it is like a graphical representation of facts presented in a simple, visual format.

Mind mapping isn’t only limited to career professionals; business owners can benefit from mind mapping by organizing their online learning activities and breaking down complex tasks into simple actions so that you can accurately measure productivity.

4. Add video streaming to meetings.

What if you could double the productivity of your team members by video streaming your meetings or adding flash animation to your presentation at the same time?

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When you offer video as an alternative method of processing information to colleagues, there is a greater chance of retaining information because we recreate these stories into images in our minds.

For organizations that hold virtual meetings, it can also be an effective way to enhance performance during if people can see their colleagues in addition to flash animation or whatever form of video is provided during the meeting.

Is Visual Learning Better Than Other Learning Styles?

No, that is not the point. The goal here is to supplement your existing dominant learning style with visual learning so that you can experience a significant boost in how you process and use everyday information.

You might discover that understanding scientific concepts are much easier after incorporating visual learning or that you’re able to understand your organization’s value when projected on a visual screen with charts and graphs.

The overall goal is to always be learning and to continue to leverage visual learning style in your career and business.

More About Learning Styles

Featured photo credit: Unsplash via unsplash.com

Reference

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