Originally posted on 6/19/2019

This is a subtitle for your new post

This is a subtitle for your new post

Publiched 7/3/18 

Like most people I constantly identify something that needs to get done. I jot down these ideas or tasks in a notebook and at least once a week go through and update my To-Do list. Some of these tasks require more than a note and for those I create an action plan. I am a big fan of action plans, So how do you create an action plan. First identify your objective and how you plan to reach it. Next you need to follow the SMART model, be Specific, Measurable, Attainable, Relevant and Timely. Step 1: identify the tasks, start from the beginning and work through the end. Step 2: review the tasks, put them in order and ask are they all needed? Next add more detail to each task especially who will do it and how long will it take. Finally set a timeline, put stakes in the ground. Step 3 Ask is the plan complete. Do you have specific deliverables? Do you know what resources you will need, are all the tasks there, do you have the needed expertise, and finally do you have the time to accomplish your objective? Now you need to execute and most importantly monitor your activity. Keep yourself accountable, set up a time each week to review the status of your action plans and revise as needed.

Many business owners rue the 15th of March because it is the business tax filing deadline which some enjoy as much as Caesar’s day in the Senate. Preparing your taxes can be an unwelcome task but also can be an opportunity to take stock in your company. You have just spent time looking at your prior year’s profits and expenses for tax purposes, why not review them from a business perspective. • Are my margins and expenses in line for my industry? • What are the trends between last year, over the last 5 years? • Could we be doing better and where? • How difficult was it to gather the needed information? Of course, these are questions should be asked at least quarterly, but many are too busy with the day to day tasks to stop and take stock. So, as you file your taxes, take some time to reflect on the past year and identify 5 issues that you would like to address. Next set an appointment with yourself to better define those issues and create specific objectives and develop a plan to achieve them. Unlike Caesar, you will come out of the Ides of March the better for it.

One bite at a time. A business looking to improve its processes is often overwhelmed by the task even if the change is urgently required. Like eating an elephant, it is best to breakdown the project into bite size tasks, select and pilot process with a high chance of success and use a team work approach. The Kaizen methodology is a common tool used in process improvement. Kaizen is from the Japanese symbols for Change and Good and is interpreted as change for the better. The methodology was developed based on Deming’s Plan, Do, Check, Act cycle and is a team approach to making improvement. Kaizen has 5 primary elements - Team work – a great benefits from forming a team to achieve a common goal - Quality circles – an opportunity to share knowledge and ideas - Improve Morale – motivate with benefits and create a sense of belonging - Personal discipline – manage your time wisely and deliver above expectations - Suggestion for improvement – welcome and consider all suggestions from all The methodology is as follows ➝ Select a target process ➝ create a team ➝ set project goals ➝ map and analyze the current state ➝ create possible improvements ➝ implement ➝ check the results ➝ standardize the process. The method is usually done as a Kaizen Event which Is a focused “assault” on an area or process to achieve rapid improvement. The event uses a cross-functional team with process insiders and outsider SME as required. The goal is to achieve as many improvements as possible during a typical 3-5 day event. It is a good way to introduce the method into a new organization. In later posts we will discuss how to select the best teams and targets for improvements.