The acts of giving back, all boost staff morale in the workplace. Positive work environments have shown to be more productive, which also creates more incentive for recruits to become a part of your business.

Professionals want to be a part of something that’s giving back to their communities that doesn’t look like another PR campaign.

Recruiting just got easier

These days, professionals are actively seeking businesses that provide opportunities to volunteer and advocate for social issues that resonate with them. Giving your employees the opportunity of designated volunteer hours allows them the chance to give back to the issues they care about most.

An article from Fortune lists 50 companies that are doing exactly that, and the feedback is incredible. Great Place to Work, a Fortune partner, does annual surveys getting feedback from employees on why they do or do not think their company is a great place to work. It’s clear after reading through the results that people genuinely value the opportunity to give back.

Promote staff morale and community

In another article from Fortune, the results of a study showed that “giving back is associated with greater employee retention, higher levels of brand ambassadorship on the part of workers and more enthusiastic employees.”

How to set your initiatives

The research from the Great Place to Work survey offers insight on all the ways you could possibly incorporate this concept into your business, but the most common opportunity showed to be offering designated volunteer hours for your staff to go out and support whatever initiative they resonate with.

When it comes to giving back, the opportunities are endless. Doing good for your community has shown to increase revenue, promote positive consumer perceptions, and inspire your staff. To read the full article click here.

Michael Roub
Inflection 360

As Founder of Inflection 360, Michael Roub advises clients on a wide range of strategic initiatives, including operations enhancement, acquisitions and business planning. Michael has a particular expertise working with healthcare practices and small businesses.
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Different Ways to Give Back

A business can donate a portion of their profits to charity, but hosting events and offering other campaigns create great marketing opportunities as well. Plus, employees often are eager to volunteer their own time to help make a difference. If your business can provide a much needed service to those in need, it will be particularly gratifying to help. You do not have to come up with an elaborate event, it just needs to benefit the community.

Many Examples in Healthcare

Many healthcare providers have found great ways to help members of their communities. Some doctors offer free health screening days to those in need. Many dental groups will offer free exams and teeth cleanings as well. In these examples, the providers are able to share their unique skills to truly benefit the community. This is much more valuable than a cash donation. The media and word-of-mouth from consumers both will share the efforts of these providers which can help increase future profits.

Consumers like to support businesses that serve their communities. So, doing good is truly good for business. Employee morale also positively impacted as it gives a sense of purpose. So, I encourage all business owners to get out there and make a difference in their communities. To read the full article click here.

Michael Roub
Inflection 360

As Founder of Inflection 360, Michael Roub advises clients on a wide range of strategic initiatives, including operations enhancement, acquisitions and business planning. Michael has a particular expertise working with healthcare practices and small businesses.
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This is where the mindset needs a shift. We can’t possibly know everything, so reaching out to sources with particular expertise and knowledge proves to be a valuable strategy when it comes to problem solving and efficient work.

“I Don’t Know.” can be the Right Answer

Learn to Delegate

The use of delegation is much more valuable to the success of a business. In delegating tasks to experts in their fields, you’re able to focus your efforts in areas where you are confident, and they in theirs, thus pushing your goals further.

Balancing skill sets helps each employee focus on their strengths when completing tasks and projects. It also makes the delegation process smooth and easy.

Buy Yourself a Little Time

When you say “I don’t know,” a simple way to maintain control and professionalism is to complete the sentence with “…but let me find out and get back to you.” This gives you time to do some research and find out what you need to know to progress.

Being able to admit when you don’t know something may be difficult at times, but giving the wrong answer is much more problematic. Whether you find experts to help, or do the research to get your own answers, you need to be honest to achieve success. With that you can find the power in saying, “I don’t know.” To read the full article click here.

Michael Roub
Inflection 360

As Co-Founder of Inflection 360, Michael Roub advises clients on a wide range of strategic initiatives, including operations enhancement, acquisitions and business planning. Michael has a particular expertise working with healthcare practices and small businesses.
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Why Should You Rely on Other People in Your Business?

1. It will allow you to focus on things you are good at

By handing off some of your responsibilities to your employees, you can focus on more important tasks to benefit the business. For example, can focus on strategy development and growth opportunities instead of social media posting.

2. It will reduce bottlenecks in the business operations

Bottlenecks can easily occur when you are handling too many responsibilities. Hand over some responsibilities to underutilized staff to help to get more things done

Delegate and Leverage Strengths of Others – Focus on Your Strengths to Maximize Performance

3. It will empower your employees

While it might be possible that you are good at everything, involving your employees in the running of your business will allow them to grow and make them more valuable for the business.

4. It will give you access to a fresh and objective perspective

When you leverage others, you also are able to get fresh perspectives and gain new insight. You cannot know everything; there will always be another person who has a different and potentially better idea.

Effective business leaders focus on their strengths, and then leverage others to get things done. Do not overwhelm yourself with everything. Instead, hand over some of your tasks to another person on your team and focus on what you do best. Your employees, your business and you will all benefit.

To read my full article on this topic, please see: Focus on Your Strengths – Delegate and Leverage Strengths of Others to Handle the Rest.

Michael Roub

As Co-Founder of Inflection 360, Michael Roub advises clients on a wide range of strategic initiatives, including operations enhancement, acquisitions and business planning. Michael has a particular expertise working with healthcare practices and small businesses.
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In more than two decades of work with clients and on acquisitions, eliminating staff is always the most sensitive topic. Staff elimination or reduction is a normal part of doing business and common in acquisitions. However, when a seller does not want to address staff issues it could cost a fortune (at least a small fortunate). No one likes to fire people, but if they are hurting your business and lowering value, an owner needs to make the right move.

Underperformers

Some businesses outgrow staff or owners fail to properly manage employees. The result can be that some employees will chronically underperform. If not replaced, their salary is only part of the impact on the business. They may actually be hurting the performance of others as well.

Unnecessary Staff

I have worked on acquisitions where the seller had staff with very limited responsibilities. Because the business had grown from a “mom & pop” environment, everyone was treated like family. However, like many extended families there is a lazy cousin who is happy to fly under the radar. Being friendly and at work are not the only criteria for getting paid. Employees that add little value hurt profits now and will drag down value in a sale.

Lost Profits and Value

Both the underperformers and unnecessary employees hurt profits now and deal value in a sale. An owner needs to be proactive in dealing with these staff issues before it is too late.   If you want to avoid the lost profits and value from the “wrong staff”, you should read my full blog on this topic at What the Wrong Staff May Cost Your Business

Michael Roub

P.S. If you would like to learn more about how I can help your business, schedule a call here. Schedule Call

P.S.S. Please check out my video on YouTube to learn more on the topic. What the Wrong Staff May Cost Your Business

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