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This List of Infographics About Achieving Success Will Surely Inspire You

This List of Infographics About Achieving Success Will Surely Inspire You

What is the way to success? These infographics will teach you how to be successful and help you along your way.

Dream Job

    I thought I would start with the above graphic. Most of what people spend their time on in life is work. So you might as well do something you enjoy doing. Chances are if you enjoy what you do you will be successful at it.

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    infographic1

      This infographic talks about when people are successful. There is no perfect time to start doing something where you have an interest. As you can see from the infograph above most of these people became successful in their 30s, but you can also find success later in life like Ray Kroc, McDonald’s founder.

      infographic2

        Life is a series of small decisions that lead to where you want to be. No one makes one large jump and lands instantly on success. One percent improvement every day is doable. One hundred percent improvement in one day is daunting. As the great Ohio State football coach Woody Hayes said, “football is 3 yards forward and a cloud of dust. If we do that every possesion, we win the game.”

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          When you look at all the successful people in this infographic what stands out?  The fact that during their professional journey they all failed at one point or another.  Some of them focussed on one industry and tried until they got it right.  Others were more interested in owning their own business and when they found the right product or industry and the best way to find customers, they too were big successes.  The lesson learned here is never give up.  You don’t know if your success is just around the corner.

          infographic3

            No one is successful without failure. The inventor Thomas Edison said, “I have not failed. I’ve just found 10,000 ways that won’t work.” If you learn from your mistakes then you did not fail. You learned.

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            infographic5

              Many people have a dream of starting their own business. The first graphic I posted in this article showed that you should do what you love, are good at and can get paid for. This infographic illustrates the importance of planning, preparation and building the right team. You must surround yourself with good people. No one can build anything alone. Even Sir Richard Branson would agree with that. No man is an island, but one man can own an island. Isn’t that right Sir Richard?

              infographic6

                Hard work is what builds success there is no easy path, no silver bullet. If you love what you are setting out to do the hard work won’t seem like work, but will seem like progress. Bill Gates used to get so involved in his work when he first started Microsoft he would forget to eat. Now that’s focus and devotion.

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                infographic8

                  The details matter. Even something so small as which side the toilet paper hangs off the roll can add to a customer experience. I won’t share with you which side I prefer. I don’t want to bias you. Read this infographic and decide for yourself.

                  infographic10

                    This infographicrepresents the responses from people of three different social strata who were asked “What are the main reasons for success?” See where hard work registered for rich people. Hard work, that’s the secret to success.

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                    Last Updated on January 6, 2021

                    14 Ideas on How to Measure Productivity to Make Progress

                    14 Ideas on How to Measure Productivity to Make Progress

                    Everyone has heard the term productivity, and people talk about it in terms of how high it is and how to improve it. But fewer know how to measure productivity, or even what exactly we are talking about when using the term “productivity.”

                    In its simplest form, the productivity formula looks like this: Output ÷ Input = Productivity.

                    For example, you have two salespeople each making 10 calls to customers per week. The first one averages 2 sales per week and the second one averages 3 sales per week. By plugging in the numbers we get the following productivity levels for each sales person.

                    For salesperson one, the output is 2 sales and the input is 10 sales: 2 ÷ 10 = .2 or 20% productivity. For salesperson two, the output is 3 sales and the input is 10 sales: 3 ÷ 10 = .3 or 30% productivity.

                    Knowing how to measure and interpret productivity is an invaluable asset for any manager or business owner in today’s world. As an example, in the above scenario, salesperson #1 is clearly not doing as well as salesperson #2.

                    Knowing this information we can now better determine what course of action to take with salesperson #1.

                    Some possible outcomes might be to require more in-house training for that salesperson, or to have them accompany the more productive salesperson to learn a better technique. It might be that salesperson #1 just isn’t suited for sales and would do a better job in a different position.

                    How to Measure Productivity With Management Techniques

                    Knowing how to measure productivity allows you to fine tune your business by minimizing costs and maximizing profits:

                    1. Identify Long and Short-Term Goals

                    Having a good understanding of what you (or your company’s) goals are is key to measuring productivity.

                    For example, if your company’s goal is to maximize market share, you’ll want to measure your team’s productivity by their ability to acquire new customers, not necessarily on actual sales made.

                    2. Break Down Goals Into Smaller Weekly Objectives

                    Your long-term goal might be to get 1,000 new customers in a year. That’s going to be 20 new customers per week. If you have 5 people on your team, then each one needs to bring in 4 new customers per week.

                    Now that you’ve broken it down, you can track each person’s productivity week-by-week just by plugging in the numbers:

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                    Productivity = number of new customers ÷ number of sales calls made

                    3. Create a System

                    Have you ever noticed that whenever you walk into a McDonald’s, the French fry machine is always to your left? 

                    This is because McDonald’s created a system. They have determined that the most efficient way to set up a kitchen is to always have the French fry machine on the left when you walk in.

                    You can do the same thing and just adapt it to your business.

                    Let’s say that you know that your most productive salespeople are making the most sales between the hours of 3 and 7 pm. If the other salespeople are working from 9 am to 4 pm, you can potentially increase productivity through something as simple as adjusting the workday.

                    Knowing how to measure productivity allows you to set up, monitor, and fine tune systems to maximize output.

                    4. Evaluate, Evaluate, Evaluate!

                    We’ve already touched on using these productivity numbers to evaluate and monitor your employees, but don’t forget to evaluate yourself using these same measurements.

                    If you have set up a system to track and measure employees’ performance, but you’re still not meeting goals, it may be time to look at your management style. After all, your management is a big part of the input side of our equation.

                    Are you more of a carrot or a stick type of manager? Maybe you can try being more of the opposite type to see if that changes productivity. Are you managing your employees as a group? Perhaps taking a more one-on-one approach would be a better way to utilize each individual’s strengths and weaknesses.

                    Just remember that you and your management style contribute directly to your employees’ productivity.

                    5. Use a Ratings Scale

                    Having clear and concise objectives for individual employees is a crucial part of any attempt to increase workplace productivity. Once you have set the goals or objectives, it’s important that your employees are given regular feedback regarding their progress.

                    Using a ratings scale is a good way to provide a standardized visual representation of progress. Using a scale of 1-5 or 1-10 is a good way to give clear and concise feedback on an individual basis.

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                    It’s also a good way to track long-term progress and growth in areas that need improvement.

                    6. Hire “Mystery Shoppers”

                    This is especially helpful in retail operations where customer service is critical. A mystery shopper can give feedback based on what a typical customer is likely to experience.

                    You can hire your own shopper, or there are firms that will provide them for you. No matter which route you choose, it’s important that the mystery shoppers have a standardized checklist for their evaluation.

                    You can request evaluations for your employees friendliness, how long it took to greet the shopper, employees’ knowledge of the products or services, and just about anything else that’s important to a retail operation.

                    7. Offer Feedback Forms

                    Using a feedback form is a great way to get direct input from existing customers. There are just a couple of things to keep in mind when using feedback forms.

                    First, keep the form short, 2-3 questions max with a space for any additional comments. Asking people to fill out a long form with lots of questions will significantly reduce the amount of information you receive.

                    Secondly, be aware that customers are much more likely to submit feedback forms when they are unhappy or have a complaint than when they are satisfied.

                    You can offset this tendency by asking everyone to take the survey at the end of their interaction. This will increase compliance and give you a broader range of customer experiences, which will help as you’re learning how to measure productivity.

                    8. Track Cost Effectiveness

                    This is a great metric to have, especially if your employees have some discretion over their budgets. You can track how much each person spends and how they spend it against their productivity.

                    Again, this one is easy to plug into the equation: Productivity = amount of money brought in ÷ amount of money spent.

                    Having this information is very useful in forecasting expenses and estimating budgets.

                    9. Use Self-Evaluations

                    Asking your staff to do self evaluations can be a win-win for everyone. Studies have shown that when employees feel that they are involved and their input is taken seriously, morale improves. And as we all know, high employee morale translates into higher productivity.

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                    Using self-evaluations is also a good way to make sure that the employees and employers goals are in alignment.

                    10. Monitor Time Management

                    This is the number one killer of productivity in the workplace. Time spent browsing the internet, playing games, checking email, and making personal calls all contribute to lower productivity[1].

                    Time Management Tips to Improve Productivity

                      The trick is to limit these activities without becoming overbearing and affecting morale. Studies have shown that most people will adhere to rules that they feel are fair and applied to everyone equally.

                      While ideally, we may think that none of these activities should be done on company time, employees will almost certainly have a different opinion. From a productivity standpoint, it is best to have policies and rules that are seen as fair to both sides as you’re learning how to measure productivity.

                      11. Analyze New Customer Acquisition

                      We’ve all heard the phrase that “It’s more expensive to get a new customer than it is to keep an existing one.” And while that is very true, in order for your business to keep growing, you will need to continually add new customers.

                      Knowing how to measure productivity via new customer acquisition will make sure that your marketing dollars are being spent in the most efficient way possible. This is another metric that’s easy to plug into the formula: Productivity = number of new customers ÷ amount of money spent to acquire those customers.

                      For example, if you run any kind of advertising campaign, you can compare results and base your future spending accordingly.

                      Let’s say that your total advertising budget is $3,000. You put $2,000 into television ads, $700 into radio ads, and $300 into print ads. When you track the results, you find that your television ad produced 50 new customers, your radio ad produced 15 new customers, and your print ad produced 9 new customers.

                      Let’s plug those numbers into our equation. Television produced 50 new customers at a cost of $2,000 (50 ÷ 2000 = .025, or a productivity rate of 2.5%). The radio ads produced 15 new customers and cost $700 (15 ÷ 700 = .022, or a 2.2% productivity rate). Print ads brought in 9 new customers and cost $300 (9 ÷ 300 = .03, or a 3% return on productivity).

                      From this analysis, it is clear that you would be getting the biggest bang for your advertising dollar using print ads.

                      12. Utilize Peer Feedback

                      This is especially useful when people who work in teams or groups. While self-assessments can be very useful, the average person is notoriously bad at assessing their own abilities.

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                      Just ask a room full of people how many consider themselves to be an above average driver and you’ll see 70% of the hands go up[2]! Now we clearly know that in reality about 25% of drivers are below average, 25% are above average, and 50% are average.

                      Are all these people lying? No, they just don’t have an accurate assessment of their own abilities.

                      It’s the same in the workplace. Using peer feedback will often provide a more accurate assessment of a person’s ability than a self-assessment would.

                      13. Encourage Innovation and Don’t Penalize Failure

                      When it comes to productivity, encouraging employee input and adopting their ideas can be a great way to boost productivity. Just make sure that any changes you adopt translate into higher productivity.

                      Let’s say that someone comes to you requesting an entertainment budget so that they can take potential customers golfing or out to dinner. By utilizing simple productivity metrics, you can easily produce a cost benefit analysis and either expand the program to the rest of the sales team, or terminate it completely.

                      Either way, you have gained valuable knowledge and boosted morale by including employees in the decision-making process.

                      14. Use an External Evaluator

                      Using an external evaluator is the pinnacle of objective evaluations. Firms that provide professional evaluations use highly trained personnel that even specialize in specific industries.

                      They will design a complete analysis of your business’ productivity level. In their final report, they will offer suggestions and recommendations on how to improve productivity.

                      While the benefits of a professional evaluation are many, their costs make them prohibitive for most businesses.

                      Final Thoughts

                      These are just a few of the things you can do when learning how to measure productivity. Some may work for your particular situation, and some may not.

                      The most important thing to remember when deciding how to track productivity is to choose a method consistent with your goals. Once you’ve decided on that, it’s just a matter of continuously monitoring your progress, making minor adjustments, and analyzing the results of those adjustments.

                      The business world is changing fast, and having the right tools to track and monitor your productivity can give you the edge over your competition.

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                      Featured photo credit: William Iven via unsplash.com

                      Reference

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