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Plan Perform Score July 2007

Pashke 

Consulting.com

July 2007

Dear Greg:

Welcome to Plan-Perform-Score! These Insight Bites focus on ideas, thoughts, and tools to alter perspective and improve performance.

The Art of Balance

Do you remember the challenge, the fear, and the thrill of learning to ride your bike as a child? Do you remember how proud you felt when you finally got the upper hand on gravity? Didn't you feel like standing on your handle bars and screaming "I'm King of the World!" You had acquired the "art of balance" to keep your peddling in a mostly forward, albeit erratic, direction. Life was grand.

Well, balance remains a big part of our lives. It just takes on different forms when we grow up. I emphasize the art of balance since feeling might be more relevant than logic in determining
the current state of balance in our lives. Although it's a personal process and a private journey, here are a few questions to kick-start your assessment:

First, what does your gut tell you? Are the various components of your life in balance? Do you work to live or live to work? Are you becoming multi-dimensional or one-dimensional?

At work:
  • Is there a good balance between the various components of your business? If one sector is leading can the others keep up?
  • Is there a good balance of skills within your management team? Do you encourage your team to continually learn new skills to expand their talent set?
  • Do you seek and encourage alternate points of view to balance your perspective before reaching a major decision?
  • Do you periodically assess both the strengths and weaknesses of your organization?
  • Do you routinely seek feedback from your employees, your customers, your suppliers, your advisers, and the other stakeholders in your organization?
At home & everywhere else:
  • Do you experience regret for not spending more time with your family?
  • Are you "missing in action" from too many important family functions?
  • Is religion and/or spirituality a part of your life?
  • Do exercise, health and nutrition have a role in your routine?
  • Are you a contributing part of the community in which you live? Is giving back part of the equation in your life?
  • Are you developing and learning each day? Are your horizons growing or shrinking?
Remember, we thrive best when our lives are in balance and we generally know when things are out of kilter. We all experience periods when our lives are out of balance and we know it, but life's circumstances dictate that reality for the time being. We can only change when we have the opportunity.

The challenge is
to keep "the art of balance" on your radar screen as you navigate through the shoals of life.


Quote & Note

"The older I get the more I admire and crave competence, just simple competence, in any field from adultery to zoology."
(Alistair Cooke)

An interesting insight from the late legendary host of Masterpiece Theatre. Excellence in any field is something to be cherished.


Be good at what you do and recognize the talented souls around you.

Management Law

Gambler's Rule for Success

You got to know when to hold them and know when to fold them.

Kenny Roger's song about a card player made this line famous but it applies to business as well as gambling. An exceptional entrepreneur and mentor that I met years ago always claimed that his overall success was more dependent on "knowing when to fold" a new venture rather than identifying new opportunities.

Many managers tend to hold on to an unsuccessful idea/venture way after signs of failure are evident. New opportunities can not all be winners and some simply will not work. The key is to not waist scarce resources on bad investments.

As wise sage Albert Einstein noted, "Insanity is doing the same thing over and over again and expecting a different result." Knowing when to quit is a valuable management skill that should be honed. Set and manage expectations for new ventures and be prepared to pull the plug.

Trust that new opportunities will emerge. You'll need the resources and the energy to feed the winners.


Check this out

Visit:
http://onepagebusinessplan.com/

Learn about the management tool that Tom Peters describes as:

"The One Page Business Plan is an out and out winner. Period. It makes great sense to me as a so-called "business thinker". The One Page Business Plan = the proverbial better mousetrap!"

Contact us:
If you'd like to tour The One Page Planning & Performance System (TOPPPS) with built in scorecards and performance reports, please call Greg Pashke at (772) 528-3871 or e-mail:
GPashke@PashkeConsulting.com

July 2007


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