Welcome to the July 10th, 2007 issue of BOSSMENTOR® Business.
- Feature Article: How to create and write a Position Description.
- BOSSMENTOR® Update: Pitching the Millionaire Mastermind Products!
- BOSSMENTOR® Best Info: “Zero to One Million”
“There is no security on this earth, only opportunity.” Douglas Macarthur.
BOSSMENTOR® Update
Just over a month to go and we’re getting down to pitching strategies and developing a list of potential purchasers for our fabulous products.
We’ve registered trademarks and urls and we’re almost ready to take our brands out to the market.
It’s been a really interesting process so far, watching as each member of the Mastermind group suddenly takes charge, or sits back to let someone else take over when the discussion moves away from their area of expertise. As I said in the beginning, we all have quite different backgrounds and skill sets, and I think any individual would be extremely hard-pressed to take this project from inception to completion on their own. But, as a group, there’s no stopping us!
As many of you know, we run a BOSSMENTOR Mastermind Program for groups of business owners facing the challenges of growing and managing their own businesses. Time and again, the power of the Mastermind concept shines through. If you are interested in joining a Mastermind group of your own, take a look at our program at http://www.bossgroup.com.au/pages/mastermind
As Andrew Carnegie said, “No man will be a success who wants to do it all on his own”.
How true, and I look forward to sharing just how successful our project has been when the group ‘crosses the finish line’. We’re not doing the marathon, but it still feels like we have the better part of 1500 metres to go……stay with us!
Feature Article – How to create and write a Position Description
When it comes to recruiting new people into your business, or expanding someone’s role, or identifying where to add more resource into the business, it needn’t be that difficult.
Follow these 4 steps to start creating and defining roles within your business, and writing the necessary Position Description:
1. Ask yourself these questions first:
• What functions are being done poorly or not done at all?
• Where do I/other team members need help?
• Where do we need resources the most?
• Where do we have resource gaps?
• Where do we have bottlenecks?
• Do we have any internal people who could do the job/perform this function?
• What exactly do we need done?
• What is the purpose of the role?
• How does it fit in the organization overall?
• Who would the role report to?
2. Decide on your budget, and the timing
This is critical. When developing growth strategies and their required structure with my clients, the addition of more ‘heads’ is always accompanied by the related financial and sales planning.
You can ‘play with’ costs (eg: if we reduce general expenses by 5% we can employ a junior admin assistant), or you can ‘play with’ revenue (eg: if we can increase our sales by 5% a month within 3 months, we can employ a really experienced admin support person).
3. Decide on the level of experience you want/need
• Match the role to the budget (pay less, get less)
• Recruit experience (pay more, get more)
• Trade-off against time required to coach vs higher cost, but self-starter
4. Write the Position Description
This should be easy now you know:
- the purpose of the role
- who the role would report to
- what functions form part/all of that particular role
- the experience level required
Defining the role is just one step in our latest 12-Step People Management System, a new product which I’ll be telling you more about in our next e-news. It will give you all the detail you need for each of the 12 steps, including templates, examples and checklists.
© 2007 BOSS Management Group Pty Ltd. All Rights Reserved.
BOSSMENTOR® Best Info
Following on from the Feature Article, for anyone who is competitive and likes to rate their performance against others, I suggest you compare notes with Ryan Allis, the author of “Zero To One Million”. He’s been listed in Business Week’s list of Top 25 Entrepreneurs Under 25, and his book explains how he took a business from zero to $1million in 14 months – when he was still a teenager…..He has since repeated that performance a couple of times, and he’s still under 25!
For information on the book or his website, visit www.zeromillion.com – enjoy!
About BOSSMENTOR®
Business consultant and mentor, Jenny Stilwell, is the creator of BOSSMENTOR® Business and the Director of BOSS Management Group.
Jenny helps her clients take control of their business growth, so they can focus on what’s important in their lives. She helps her clients get really clear on strategy, structure and business growth, as well as provide proven strategies, tips and resources to help business owners achieve success. Learn more now at www.bossgroup.com.au.
BOSS Management Group, Suite 3, 8A St Andrews Street, Brighton, VIC 3186, Australia. Phone: +613 9592 3844, info@bossgroup.com.au.
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