Blackburn Accounting

Strategy 6: Excess Stock

How often do you review your stores and stock?

Are you holding too much including old, discontinued or slow selling items?

Tips:

Take stock of all your reserves

To reduce or shift, consider offering discounts for bulk orders

Use online promotions such as auctions to clear stock

Monitor sales to track flow and movement

Undertake regular inventory stock-takes to keep on top of supplies & stores

Poor Leadership comes with a list of behaviours and characteristics, the complete opposite of effective, good leadership.

You have probably encountered one of these ‘poor’ Leaders who failed to be Leaders! Lacking were words and actions to inspire or motivate us to give the best of ourselves and help achieve Business success. You will recognize the symptoms of low morale, stress and conflict, all tell-tale signs of poor leadership.

Let's profile ‘poor’ leadership with 6 Strategies to avoid becoming that ‘bad’ Leader.

Poor communicator: Poor Leaders often feel the need to dominate and control the conversation and do so by interrupting others. They are the loudest voice and usually bad listeners. This behaviour can have a devastating effect on staff, who will withdraw, feel undervalued and lose respect.

Strategy 1: Communication is a two-way street. Become a better communicator, a conversationalist by letting others have a say and listen attentively while they do so. Be an active listener, avoid interrupting and high jacking the conversation with your point of view. Share the ‘floor’ to get input from all involved.

Micromanaging: The poor Leader feels the need to closely manage every detail, to control and often lacks the trust to delegate. This over-bearing scrutiny dampens and hampers staff spirit, sabotages self-belief and destroys Team morale.

Strategy 2: Look for the signs. Self-awareness is crucial. How do your staff react to this close monitoring. Do they welcome and embrace your suggestions, interventions or do they shy away, become disengaged. Importantly, build bridges by asking if or how you can support them and leave them to do their job.