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Top 10 Leadership and Business Strategy Tips

Here are my top 10 leadership and business strategy tips that resonate strongly with me. These principles drive growth, foster collaboration, and inspire transformation. Whether you’re a seasoned executive, an aspiring leader, or an entrepreneur looking to make your mark, I hope you’ll find these strategies valuable and transformative in your leadership journey.

Top 10 Leadership and Business Strategy Tips

1 . Lead with purpose: Articulate a compelling vision that aligns with the organization to inspire and motivate others.

2. Communicate Effectively: Clearly convey your vision, expectations, and feedback to your team.

3. Set Clear Goals: Establish specific, measurable, action-oriented, risky, timely and time-bound, exciting, and relevant (SMARTER) goals.

4. Lead by Example: Exemplify professionalism and integrity to inspire your team and set a high standard.

5. Foster a Positive Culture: Encourage a supportive, respectful, and positive workplace culture.

6. Delegate wisely: Assign tasks based on team members’ strengths, provide guidance, and empower them.

7. Develop Effective Project Management Skills: Build a foundation of project management expertise to ensure efficient execution and delivery of initiatives.

8. Provide Constructive Feedback: Offer specific, timely, and actionable feedback to help your team grow.

9. Lead with Empathy: Understand and support your team members’ needs and challenges.

10. Develop your Emotional Intelligence: Cultivate self-awareness, empathy, and relationship-building skills.

I encourage you to focus on at least three of the above leadership and business principles that resonate with you. Interested in learning more? Read my Top 55 Leadership and Business Strategy Tips.

Remember, embrace the brilliance of those around you and never stop learning and evolving!

If you have any questions about these strategy tips or want to learn more about the powerful benefits of executive coaching to elevate your leadership success, please reach out to askme@jennyreilly.com and book a complimentary 30-minute strategy session.  If you want monthly leadership tips, sign up for my JRC newsletter.

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Five Strategies to Help Break Free From Imposter Syndrome

Imposter syndrome is a common experience many people face at some point in their careers. Have you ever found yourself overwhelmed by worries such as:

  • Feeling the constant pressure to do and be better.
  • Fearing that your colleagues think you shouldn’t have received your promotion or be in your current role and dreading the thought of being exposed.
  • Doubting your qualifications and believing you lack the necessary experience for your job.
  • Feeling like you’re faking it, convinced you don’t possess the skills, knowledge, or confidence required for your position.

If these fears sound familiar, let me assure you that you are not alone. Imposter syndrome is a phenomenon where doubts and self-questioning arise, making you question your achievements and worthiness. It’s the nagging feeling that maybe luck, chance, or accident played a more significant role in your success than your actual abilities.

Even at this stage in my career, I pause and recalibrate when I find myself caught in the vortex of feeling like an imposter. It’s something many of us go through. In fact, one of my clients recently shared that even after owning and leading an exceptionally successful company for over 30 years, he still experiences these feelings.

According to an article published in the Harvard Business Review, an estimated 70% of adults experience imposter syndrome at some point in their lives, no matter their background, education or experience. I’ve worked with numerous individuals who have an impressive list of accomplishments and are undeniably successful, and yet, they still struggle with feeling like frauds or undeserving of their success.

Continually second-guessing yourself and your actions can completely derail your path to success. If you find yourself on a cycle of setting impossible goals, sacrificing work/life balance, constantly questioning your judgment, or sabotaging your success, it’s time for a reboot.

“Not everything that is faced can be changed, but nothing can be changed until it is faced.” – James Baldwin

Five Strategies to Help You Navigate Imposter Syndrome

  1. Review your goals:  Ensure that your goals are “S.M.A.R.T.E.R” – specific, measurable, actionable, risky, time-bound, exciting, and relevant. Identify each goal’s “what, why, how, and when” and start tracking associated tasks. Tools like Asana can help you stay organized and on top of your goals and projects.
  2. Watch for red flags: Be aware of unsustainable work habits, withdrawal from collaboration, hesitancy to speak up or ask questions, and the use of endless excuses when timelines are not met. These behaviours can be indicators of imposter syndrome affecting your performance.
  3. Address imposter syndrome head-on: When these feelings arise, try to detach yourself from the emotions and focus on the facts of the situation. Challenge negative self-talk and remind yourself of your accomplishments and capabilities.
  4. Evaluate your growth objectively: Instead of constantly comparing yourself to others, review your performance growth in objective terms. Embrace the evidence of your capabilities and the value you bring to your role. Look at how far you’ve come and the progress you’ve made, independent of competitive comparisons.
  5. Share your insecurities: Opening up and sharing your imposter syndrome feelings with trusted colleagues or mentors can help normalize what you’re experiencing. It often reveals that others have faced similar challenges and can provide support and guidance.

 

If you have any questions about Imposter Syndrome or want to learn more about the powerful benefits of executive coaching to elevate your leadership success, please reach out to askme@jennyreilly.com and book a complimentary 30-minute strategy session.  If you want monthly leadership tips, sign up for my JRC newsletter.

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Tactics to Help You in Periods of Professional Transitions

Do you find yourself answering “YES” to any of the questions below?

  • Are you making or thinking about a career transition this year?
  • Are you in the process of turning your business, department, or team around?
  • Have you recently been promoted and struggling to determine what to focus on first?
  • Are you considering a move into a different area of the business or a geographical move in your job?
  • Are you in the position where you now lead some of your former peers?

Your professional life is made up of one transition after another. All professional transitions provides you with the ability to shine, falter or fail. Shine, and you will advance. Falter, and you may lose the credibility and trust of your colleagues. Fail, and you may not recover if you don’t have the right attitude or outlook to learn from your mistakes and move forward.

‘What got you here won’t get you there.’
~ Marshall Goldsmith

 Steps to Help During Professional Transitions

  1. Determine what you need to learn – fast. How does the company, unit or team operate? Who has influence and why? What internal and external alliances can help support you in your role?
  2. Identify your ‘A’ priorities. Along with A priorities, integrate changes that need to be made in the structure and processes to increase efficiency, productivity and the triple bottom line.
  3. Outline your vision, goals and strategic intent in the position. Be communicative and transparent.
  4. Build your team. If you are taking over leading a team, evaluate your people. Determine if they are in the right seat, need development or are not a good fit.
  5. Focus on early wins. Identify the most pressing weaknesses and make the necessary changes to turn those around. This will help you build credibility in your position.

‘ You only know what you know.’
~ Loretta Swit

If you have any questions about professional transitions or want to learn more on the powerful benefits of executive coaching to elevate your success, please contact us or reach out directly to jenny@jennyreilly.com and book a complimentary 30-minute strategy session.

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STRATEGIC FOCUS AND PLANNING

For our businesses to continue to thrive, we must constantly evolve and adapt to changing needs of the market and our clients. Transformation only happens when we focus on it, and at the beginning of every quarter, it is time to take stock of our areas of focus and determine if we need to change or pivot our direction. Be strategic. Consider the impact of technology, talent, and operational changes to help you continue to grow and remain competitive.

Q1 REVIEW

Strategic focus sustains and builds on an organization’s high performance and effectiveness. Set aside time to conduct a Q1 review:

Step 1: List your three biggest wins and accomplishments from Q1.
Step 2: How far did you get on your Q1 goals?
Step 3: In Q1, list what worked and what didn’t that you can learn from.
Step 4: Define what you will keep doing, improve upon, stop doing and start doing due to this review.
Step 4: List your goals for Q2 and who will be accountable for the results by when.

STRATEGIC FOCUS TIMING

Remember it takes time to define your focus, implement and execute the action.

    • 20% planning
    • 40% implementation and change installation effort
    • 40% sustaining high-performance effort on the direction and plan over the long term

NO STRATEGIC PLAN?

If you don’t have a strategic plan, it is time to work on one. There are three core phases to follow:

Phase One – Assess and Organize

    • Environmental scan and organization assessment

Phase two – Strategic Design and Plan

    • Define company positioning
    • Articulate customer focus
    • Clarify competitive strategies and critical success factors

Phase three – Operational Design

    • Plan priorities
    • Strategic budgets
    • Performance management systems
    • HR management strategies

COMPONENTS OF A WRITTEN STRATEGIC PLAN

There are core components of a strategic plan. The points below can be used as a checklist for you in the design of your plan:

    • Introduction – opening defining your ‘why.’ Include your company vision, mission and values
    • Current State Assessment (SWOT: Strengths – to build on, Weaknesses – to eliminate, opportunities and threats))
    • Environmental Scan
    • Marketplace (segments and characteristics) Analysis: key customers, main products and services, the value of segment, market share percentage, industry competitors, the life cycle of product or service
    • Organizational Goals
    • Key Success Factors (KSF) and Action Plan (Areas of concentration, actions to develop target measures and baseline data, who is responsible and due date)
    • Core Strategies and Actions for Each Strategy
    • Major Change Summary (summary of significant changes desired over the life of the strategic plan) and Change Management Structure
    • Priority Actions (key must-do actions in addition to the day-to-day operations and other stats that you can complete in addition)and Implementation Game Plan
    • Annual Plan Format – break this down into a yearly roadmap

TIPS FOR SUCCESSFUL STRATEGIC PLANNING

    1. Have the process facilitated
    2. Take an organization-wide approach and integrate all level planning
    3. Define quantifiable measures of success
    4. Include short and long-term forecasting
    5. Use transparent and straightforward terminology and language
    6. Clarify and benchmark against the competition
    7. Define strategic business units
    8. Make informed budget decisions
    9. Make tough decisions when necessary
    10. Be open to pivoting from the initial direction
    11. Implement an effective process to roll out new initiatives
    12. Empower and support staff to take action on strategic initiatives

Acknowledge that the process does not end once a document is produced. It needs to be executed on, implemented, evaluated and measured. Your strategic plan has to be a living document, one that is continually reviewed.

HOW WELL ARE YOU DOING?

On a scale of 1-5 rank (1 being the lowest and 5 the highest), your organization on the following:

    1. A culture of excellence
    2. Accountability of resource
    3. Effective and efficient business processes
    4. Collaboration and teamwork
    5. Communicated long term vision and direction
    6. Constructive problem solving
    7. Continuous process improvements
    8. Data based decisions
    9. Employee empowerment
    10. Equality of opportunities
    11. Facilities and equipment
    12. High staff productivity and performance
    13. Innovation and creativity
    14. Job design and descriptions
    15. Marketplace competitiveness
    16. Performance appraisals
    17. Profitability consciousness
    18. Quality production of products/delivery of services
    19. Resilience level to adaption to change
    20. Resources (monetary and other)
    21. Reward systems
    22. Staffing levels
    23. Team development
    24. Technology
    25. Visionary leadership

STEP ONE: Highlight any score below three
STEP TWO: Brainstorm action that could be implemented on low scoring areas to raise your rank
STEP THREE: Attain buy-in on identified actions, implement and execute

 

Plans are of little importance, but planning is essential.

~ Winston Churchill

 

If you would like more information on strategic planning, and you need someone to keep you accountable through this process, I can be contacted at +1-604-616-1967 or jenny@jennyreilly.com. If you want monthly leadership tips, sign up for my JRC newsletter or check out my social media on Instagram for top leadership advice throughout the year.

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Business Strategies = Business Sustainability + Growth

Are your business strategies driving your business sustainability and growth?

2020 has been a test on many levels for small businesses. Business plans were put on hold as we had to pivot and adapt to new economic realities overnight. 

For some, the pandemic has equated to significant growth and urgency for their product or service, others a complete pivot in direction, some simple survival, and regretfully others the closing down of their business. We have had to put all of our focus and energy into making the necessary changes required for our company, our employees, and our clients or customers.

Make The Right Decision

We have had to make the ‘right’ decisions quickly, trust the process and be relentlessly consistent working towards seeing the other side of the pandemic– what we did not estimate reasonably… was the duration that we would work in this mode. As we are now in the last month of 2020, I encourage you to review how far you have come during the previous nine months if you have not done so already. 

As we continue to live and work in our new normal of ‘COVID,’ pull out your business plan and refine it to a one-page document. This one-page business plan will help guide your focus and be an easy reference to align your team on the ‘important’ and defined action you to focus on moving forward.

Day-To-Day Operation

Dealing with your day-to-day operational issues, putting out fires as they arise in the business, or dealing with staffing issues is very different from thinking and planning strategically for your business. Your one-page business plan will be a visual reminder to focus on the essential activities daily to enable your business to grow and scale.

 

business strategies

One Page Business Plan

Your one-page business plan answers the Who, What, When, Where, How, and Why questions of your business. It also lets you prioritize working on what is essential to move your business forward and say ‘no’ to other tasks that add no value. 

 

‘If you want everyone on the same page in your organization, you need a one-page business plan to work from. What’s on your one-page business plan?’

–Jenny Reilly

 

Step 1: To start the process, I encourage you to answer the following three questions:

  1. What issues or problems are you currently challenged within your organization?
  2. What strategies could help your business be sustainable over the long term?
  3. What strategies could help your business grow and scale?

Your answers to the above questions will help you determine shortfall areas or required focus that will need strategies. 

 

Step 2: What is your business vision? Where do you want to take your business in 2021? If you have a written vision statement, does it still stand true, or does it need to be revised?  Your vision statement will enable you to communicate where you are going to all internal and external stakeholders. 

 

Step 3: List your key business Strengths, Weaknesses, Opportunities, and Threats (S.W.O.T). This will help you strategize and focus on what you do well, incorporate trends, address competition, identify and action opportunities, and put in blockers for threats.

 

Step 4:   Identify 7-10 business goals that you want to focus on in 2021. Use the S.M.A.R.T.E.R goal framework.

 

Step 5: Your strategies should be robust and provide a roadmap towards your goal achievement. Your strategies will also help you differentiate your products and services from your competitors.

 

Step 6: Detail the top three to five activities under each strategy to start; this will help you commence the formulation of your roadmap moving forward.

 

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Your one-page business plan will help you drive focus, ensure accountability and alignment of all your activities.

 

Execution is 75% of the Challenge in moving forward on your Goals

Once you have your one-page business plan, you are only 25% of the way done. You will then spend the majority of your time on execution. Planning time is often bypassed or shortened as individuals are eager to get started. I cannot stress enough how important the planning stage is to ensure that you have a protocol in place for your execution. 

 

Execution is often a real juggling act on strategy as our time is usually taken up in the day-to-day operational activities, staffing issues, and meetings. You can quickly determine if you are encountering execution or procrastination issues if:

  1. You are working longer and more hours, however, not moving forward on goal achievement.
  2. Profitability is decreasing as you are not focused on what is essential to move the company forward. 
  3. There are continual errors that keep occurring in various areas of the business that are not being addressed. 

Execution Tips

Once you have defined your strategies, it is time for execution. Execution also requires planning time to ensure all implementation steps are done sequentially to save time and effort. 

 

Accountability and Responsibility of Action

Accountability enables an individual to have a clear purpose, track the action that they are completing and communicate clearly on issues, challenges, or delays as they occur. 

If more than one person is accountable for an action, the blame game can prevail, and items may be more easily apt to fall through the cracks. Multiple people can work on a project; however, assign one person for accountability purposes to be responsible for reporting back on progress and roadblocks.

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After Planning

After writing your one-page plan, you should be able to state your business strategies simply, understand what you need to do to sustain the business in addition to what is required to grow and scale. 

Please reach out to askme@jennyreilly.com to book a complimentary strategy session to help you start planning business strategies, address execution challenges, or provide additional guidance in writing your one-page business plan.

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