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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.

More by this author

Ahmed Raza

CEO of Samurais.co

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Last Updated on September 20, 2018

How to Be Happy at Work and Find Fulfillment in Your Career

How to Be Happy at Work and Find Fulfillment in Your Career

If you’re going to spend 1/3 of our life at work, you should enjoy it, right?

Trust me, I know that’s easier said than done. Difficult coworkers, less-than-desirable tasks, or even just being in the wrong position can all lead to a lack of enjoyment and fulfillment in your work.

But what if I told you it doesn’t have to be this way? Or better yet, if you struggle with all of the above (and then some), what if I told you that enjoying your work and finding fulfillment regardless of those obstacles is possible?

Don’t believe me? I don’t blame you because I was there too. Before implementing the tips below, I struggled to get through each day, much less find real fulfillment, in the office. Now, even after the toughest days on the job, I still come away with feelings of pride, accomplishment, and fulfillment. The best news is, so can you.

If you’re ready to make those hours count and find happiness and fulfillment in the office, then read on to find out how to be happy at work and find fulfillment in your career:

1. Discover the root(s) of the problem

For this first step, we’ll need to think back to 8th-grade physics (humor me). We all know Newton’s 3rd law, “for every action, there is an equal and opposite reaction.” When you think about it, the same can be said outside of physics, and we see this law play out in our daily lives, day after day.

Simply put, all the issues we deal with in the office (and life in general) affect us in a noticeable way.

If you’re appreciated at work, like the work you do and receive frequent praise, promotions, or raises, then this will probably have an altogether positive effect on your life in the office.

But what if we reverse this? What if you feel under appreciated, get passed up for promotions, or get denied raises? This is sure to affect the way you feel at work on a negative level.

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So, before you can implement the steps of feeling happy and fulfilled at work, we first have to discover the reasons why you don’t feel that way already.

Think about it, write a list, or make a mental note. Run through all the reasons you’re dissatisfied in the office, and don’t hold back. Knowing the exact obstacles you’re facing will make overcoming them that much easier.

In fact, as a side-challenge to this article, I recommend picking the top three reasons contributing to your dissatisfaction at work and using the following tips to tackle them.

2. Practice gratitude for an instant uplift

Did you know the simple act of feeling grateful can increase your happiness and make you more fulfilled at work?[1]

Well, it’s true, and it’s scientifically proven.

Dr. Lisa Firestone notes that practicing gratitude “reminds us of what we lacked in the past.” Meaning, it serves as both a boost to happiness and a bit of a wake-up call that things have been or could be, much worse.

Trying to conjure up feelings of gratitude can seem almost impossible when your work situation seems bleak, but hear me out: There are incredibly easy ways to get started and it doesn’t involve trying to “force” yourself to feel grateful about things that stress you out.

For an instant pick-me-up, try this:

Find a loose piece of paper, a blank sticky note, or anything you can write on, be it physical or digital. List just three things that you are absolutely without-a-doubt thankful for in your life.

Now here’s the trick: Don’t just list what you’re grateful for, you have to list why you’re grateful for them, too.

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For example, simply saying “I’m grateful for my kids” will probably make you feel good, sure, but what if we could amplify the warm, fuzzy feeling into real, lasting motivation?

Instead, write the reason you’re so thankful for your children. Is it because they make you laugh and forget about other stressors? Or maybe they help to remind you of why you go to work every day in the first place?

Whatever your reasons may be, jot them down and keep your list somewhere you can see it while you work. A quick glance at your gratitude list throughout the day can provide powerful, positive motivation to keep going.

Bonus:

If you can find just three things to be thankful for that specifically relate to your job, and list why those things make you grateful, your list can also help you find fulfillment in your work itself which can give you an even bigger boost of positivity throughout the day.

3. Take meaningful time for yourself

We all know creating a strong work-life balance can be crucial to feeling satisfied in our jobs, but rarely do we ever address how we’re spending our time outside of work.

Many of us survive a 9-hour work day and commute home only to find ourselves busy with our personal to-do lists, running a household, and taking care of a child (or 2 or 3, and so on).

If you spend all your time working, whether in the office or within your household, you’re going to feel drained at some point. This is why setting meaningful time for yourself every day is highly important.

Look, I get it: I don’t know anyone in the working world who can shun all responsibility for a 3-movie marathon or happy hour with friends whenever they feel like it. But finding time for yourself, be it just 30 minutes to an hour, can really make a difference in how you feel at work.

This works because you’ll have time to actually relax and let the day’s stress melt away while you enjoy something just for you. The to-do lists and stressors will still be there after you’re refreshed and ready to tackle them.

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No time for me-time? Try this:

If you have a busy household, you’ll need to capitalize on a block of time you know will be completely uninterrupted. The easiest way to do this: try waking up 30 minutes to an hour earlier than usual (or push bedtime back an hour if you’re a night owl, like me) and take time to do something you enjoy.

This could be reading with a cup of tea, catching up on Facebook, spending time on a passion project—anything! As long as it’s meaningful to you, it works!

Bonus:

Starting your day with meaningful time for yourself can set you up to have a positive mood that lasts well into office hours, and having your me-time in the evening can give you something positive to look forward to during the day.

4. Get productive and feel accomplished

Don’t you just love the feeling of checking the last item off of a hefty to-do list? That’s because self-motivation can be a huge driver of positivity and success.

When we accomplish something, no matter how small, it makes us feel good, plain and simple. Applying this tactic to your daily work can be the motivator you need to find fulfillment during the daily office grind.

While there are tons of steps to get more done at work, I’ll share my personal favorite: Prioritizing.

Now, many people handle prioritizing differently. Some like to tackle the little tasks first so they can spend focused time on the big to-dos. Others like to knock out the big items first and get to the smaller ones when they can.

No matter which camp you’re in, you may be missing one crucial step: Time management.

So how’s this work? When you factor in the amount of time your priorities will take, it can transform your productivity ten-fold.

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Say you have three top priorities for the day. You might jump into the smaller ones or the bigger ones depending on your preferred method, and then find yourself out of time and bringing work home with you at the end of the day.

This is prevented when you factor in time. Knowing how long each item will take, or deliberately setting specific blocks of time for your priorities can help you accomplish more in the same 8-9 (or 12) hours that you typically spend at work.

Try this:

Take a look at your priorities and consider how long they should take. Pop into your Google calendar (or Filofax, whatever works for you) and schedule time to work on your priority items around any important meetings or events of the day.

The most important thing to remember is to stick to your dedicated time.

Often, when we know exactly how long we have to work on something (and honor this time limit), we’re motivated to get more done on time to avoid taking work home at the end of the day.

The bottom line

There’s no need to waste 1/3 of our lives feeling unsatisfied at work. Luckily, you now have the tools to get started, take back your time, and become happy and fulfilled at work again.

The only question is — which tip will you try first?

Featured photo credit: Ellyot via unsplash.com

Reference

[1]Psychology Today: The Healing Power of Gratitude

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