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6 Mistakes Smart Bosses Make Which Limit Them From Achieving Their Business Goals

6 Mistakes Smart Bosses Make Which Limit Them From Achieving Their Business Goals

A lot has to come together for a business to work, but at the end of the day, it is usually one person’s decision that impacts the output. And in most cases, that person is the boss. The case is same for both small businesses and large corporations, where there are usually many bosses due to the existence of a hierarchy.

So what are some of the mistakes made by bosses that may prevent businesses from achieving their goals? Let’s find out:

1. Not Hiring Enough People

Believe it or not, there are many businesses that do not have the number of people that they actually need to function properly. There are many reasons why one may shy away from hiring more people, including a lack of physical space, fear of handling more people and an attempt to save money. However, one must realize that not having the number of employees that you need is a business suicide.

Not having enough employees means you will either have to let go of some opportunities or cause unnecessary delays. Plus, it also results in more pressure on your current employees causing demotivation and also high turnover.

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2. Hiring Too Many People

We’re not trying to contradict the first point, but it’s important to realize that having more employees (than you need) is as harmful as having little employees, if not more. If you need fifty employees, then the 51st employee that you hire would be causing you a loss, which you can save by doing away with him or her.

You must know exactly how many employees you need so that you do not end up spending extra money. At times when you feel like there is a burden of work or you start winning new business, you can consider engaging a freelancer until you are sure you can afford a full-time staff.

Not just this, businesses should curb all other kinds of ‘extra expenses’ to improve the bottom line.

3. Delegating Every Job

Bosses love to delegate their work, as it takes the burden off their shoulder, but they often tend to neglect the side effects of doing so. Firstly, if you delegate your own tasks to others, you may begin to lose authority as others would look at you as someone who does not believe in working. Plus, they may not be able to do the job as well as you could, resulting in a poor outcome.

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It is important to lead by example. Do your job the best you can so that others look up to you.

4. Delegating Nothing

Not delegating anything is a mistake that can cause you financial and mental problems. If you’re bombarded with a lot of work, it is important that you delegate. However, this is a decision that must be taken with utmost care.

Always assign duties to someone who is capable of doing the job. Also, guide them so that there is no miscommunication and the outcome is perfect.

Delegating work has other benefits as well. Firstly, your employees would feel appreciated if you assign them ‘rewarding’ tasks. They would feel a part of the business. This can help create a strong work environment and increase loyalty.

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5. Neglecting Paperwork

We all hate paperwork, but it is very important to note everything in the business world. Paperwork starts from the day you get your company registered. From this day you must make sure to record everything, including transactions, contracts and conversations.

A lack of record can cause serious issues. Plus, businesses need written records of all their activities for legal purposes as well. Avoiding paperwork is a mistake that can cause you millions.

By paperwork, we mean all the numbers. Your balance sheets, P&L statements, and all expenses should be properly maintained. Additionally, you should keep an eye on returns so that you can measure the ROI and take decisions in the light of facts.

6. Preventing Creativity

Many bosses like to dictate their employees. While they usually do so to get the job done in an efficient manner, they often fail to realize that dictating too much may curb creativity and prevent employees from performing at their best.

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You should listen to your employees and their ideas as well, and give their suggestions a thought. The ‘boss is always right’ is a theory that isn’t acceptable anymore. Your employee may have a better solution to a problem, and listening to them may save you from a loss. Make it a point to speak to them about every project and provide feedback where necessary.

These simple-on-paper mistakes can prevent businesses from meeting their goals. It is important to identify and rectify them as soon as possible if you want your business to flourish.

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Ahmed Raza

CEO of Samurais.co

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Last Updated on September 23, 2020

Do What You Love and Love What You Do to Achieve More

Do What You Love and Love What You Do to Achieve More

Are you waking up each day looking for that perfect thing, activity, or job that will make your life work? Or, maybe you are looking for that perfect relationship. Once you “get” this new thing that will allow you to do what you love, you are sure that you will be happy forever.

In reality, life doesn’t work like that, and we would probably get bored if it did. There is likely no one thing, experience, or activity that will keep you feeling passionate and engaged all the time. What’s important is staying connected to what you love and continuing to grow in the process.

Here, we’ll talk about how to get started doing what you love and achieving more in life through the motivation it brings. Doing this doesn’t have to take a long time; it just takes determination and energy.

Most People Already Know Their Passion

So many people walk around in life “looking for” their passion. They look for it as if true passion is some mysterious thing that is difficult to find and runs away once you find it. However, the problem is rarely lack of passion.

Most of us already know what we love to do. We know what excites us, even if we haven’t done it for years. Instead, we focus on what we think we “must” do.

For example, maybe you love building model cars or painting pet portraits. Yet, each day you work a completely unrelated job and make no time for the activity you already know you love. The truth is you probably don’t need to find your passion; you just need to start doing what you already know you’re passionate about[1].

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No Activity Is Exciting All the Time

Even people who are living their dream lifestyle or working their dream job don’t love it all the time. Every job or lifestyle has parts of it that we won’t like.

Let’s say your dream is to become an actress, and you succeed. You may not enjoy the process of auditioning and facing rejection. You may experience moments of boredom when you practice your lines over and over again. But the overall experience is totally worth it.

Most of life is like that. Don’t set yourself up for disappointment by demanding that life be perfect all the time. If things were perfect and easy, you would ultimately stop learning and growing, and life would begin to lack even more meaning in that case.

Be grateful for both the good and bad moments as they are both entirely necessary if you genuinely want to do what you love and love what you do.

Doing What You Love May Not Be Easy

Living a life you love is unlikely to be easy. If it was, you would not grow very much as a person. And, if you think about a great book or movie, the growth of the main character is what matters most.

What if the challenges you meet along your path to living a life you love were designed to make you grow as a person? You may actually start looking forward to challenges instead of dreading them. An easy life hardly ever makes a compelling story.

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If you struggle to overcome challenges, try writing them down each time you encounter one. Then, write down three ways you could tackle it. Try one, and if it doesn’t work, try another. This way, you’ll learn what does and doesn’t work for you.

How to Do What You Love

There are many small steps you can take to ensure you are making time to do the things you love. Start with these, and you’ll likely find that you’re already on the right track.

1. Choose Your Priorities Wisely

Many people claim they want to do something, yet they don’t do it. The truth is they might not really want to do it in the first place[2].

We all end up following through on what matters most to us. We make decisions moment by moment about what we need to focus on. What we choose to do is what we deem most important in our lives.

If there is something you claim you want to do but you don’t do it, try asking yourself how much you really want it or where it’s currently placed on priority list. Are there other things you want more?

Be honest with yourself: what you currently do each day is a reflection of your priorities. Recognize that you can change your priorities at any time.

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Make a list of your priorities. Really take the time to think this through. Then, ask yourself if what you are doing each day reflects them. For example, if you believe your top priority is spending more time with your family, but you consistently take on extra hours at work, you’re not really prioritizing things in the way you think you are.

If this is happening, it’s time to make a change.

2. Do One Small Thing Each Day

As stated above, doing what you love doesn’t have to mean finding that perfect job that makes you want to jump out of bed in the morning. If you want to do what you love, start with one small thing each day.

Maybe you love reading a good book. Take ten minutes before bed to read.

Maybe you love swimming. Get a membership at the local YMCA, and go there for thirty minutes after work each day.

Dedicating even a short amount of time to something that brings you joy each day will improve your life overall. You may find that, over time, a career path related to what you love to do pops up. After doing the thing you love each day, you’ll be more than prepared to take it on when the opportunity arises.

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If you need help making time for your passions, check out this article to get started.

3. Prepare to Make Sacrifices

If you are an exceptionally busy person (aren’t we all?), you may have to make sacrifices in order to make space for the things you are passionate about. Maybe you take on less extra hours at the office or take thirty minutes away from another hobby in order to develop another that you enjoy.

Looking at your priority list will help you decide what can get put on the back burner and what can’t. Remember, do this thinking about what will help you feel good about how you’re spending your time. 

For example, if you love writing but rarely make time for it, consider getting up 30 minutes earlier than normal. Or instead of browsing your phone for 30 minutes before bed, you can write instead. There is always a way to find time for what you love.

Final Thoughts

If you love what you do, each day becomes a joyful adventure. If you don’t love what you are doing, life feels like a chore. The best way to achieve success is to design a life you love and live it every day.

Remember, doing something you love doesn’t have to include big gestures or time-consuming projects. Start small and grow from there.

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Featured photo credit: William Recinos via unsplash.com

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