The Cash Flow Contractor 157 - 9 Essentials to an Organized Business (Part 3)
Apr 27, 2023
01:00:07
The business world is full of unexpected storms. But with enough preparation, you can be ready to deal with any type of weather that threatens your business. Getting organized is key!
In Part 3 of the "9 Essentials to an Organized Business" series, Martin and Khalil discuss job descriptions, how-tos, and KPIs!
Time Stamps
- 00:37 - Tornadoes & Hail Storms in OKC
- 06:42 - Episode Intro
- 08:11 - The Meat of Job Descriptions
- 16:45 - Effectively Communicate Job Expectations
- 22:51 - Autonomy, Mastery & Purpose
- 24:59 - The Value of How-Tos
- 30:48 - Having a Checklist
- 33:59 - Key Performance Indicators (KPIs)
- 40:52 - What's a Salary Cap?
- 43:00 - Meaningful KPIs
- 53:25 - Less is More with KPIs
- 57:03 - Recap & Takeaways
Quotable Moments
- “The meat of the job description is the functions that you just wrote under that position on your org chart. - Martin Holland
- “As you write your job description, try to include your values and intertwine them into the language of how everything's listed” - Khalil Benalioulhaj
- “You really have to make some time, before you decide to hire for a position, about what this role really is gonna do. But you also have to use it as an opportunity to vet people, not just on skills, but on values.” - Khalil Benalioulhaj
- “You can fire a guy for being drunk on the job at five o'clock, and he can be at work at eight the next morning for somebody else if his hangover allows it. “ - Martin Holland
- “They [employees] need to do what you need to be done, but you have to pay attention to what employees want.“ - Martin Holland
- “If everything is urgent, then there's really low organization because you're not able to be prepared and plan ahead, and all that stuff.” - Khalil Benalioulhaj
- “If a picture's worth a thousand words, a video's worth what? A hundred million, right? - Martin Holland
- “Where you are and what's important to you, in large part, determines what your KPI needs.” - Martin Holland
- “It takes 20 minutes to recover back to where you were in a difficult task after an interruption.” - Martin Holland
- “Even in your business, there are tornadoes, there are events that make it hard to do things, and an organized business will be better at withstanding them.” - Khalil Benalioulhaj
Resources
- "Hiring in a Post-Covid World" by Martin Holland
- Good to Great by Jim Collins
- Simple Numbers, Straight Talk, Big Profits! by Greg Crabtree
- Financial Statements Made Easy - Without Numbers or Math
- Financial Statements Made Easy -Profit & Loss Statement
- Financial Statements Made Easy - Balance Sheet
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