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What Business Challenges Keep You Up At Night?

The National Federation of Independent Business monthly Index of Small Business Optimism has been the gold standard for such research for 43 years.

You may be particularly interested in the quadrennial report that speaks directly to the “what keeps you up at night” question. The results of the 2016 NFIB Small Business Problems and Priorities Survey may surprise you.

Small business owners . . .

told the NFIB that their greatest challenges weren’t the competition, it was 31st on the list. Based on an almost 15% response from 20,000 members NFIB surveyed, nine of the top 10 greatest small business challenges are directly associated with government.

However, if you are like most business owners I talk to, that is not the best of use of your mind share at 2:00 AM or anytime for that matter.

Let’s consider the top issue you can do something about. Addressing it could be the wisest use of your resources—intellectual and financial. The first operating challenge to break through the top ten is #10 – finding qualified employees.

How important is top talent?

According to an article by Doug Ready, Senior Lecturer at MIT Sloan School of Management, the companies that will endure will be those with CEOs and line leaders who view their organization’s talent as their most precious strategic resource.

Doug Ready believes that’s the difference – it is now CEOs and senior executive teams that understand it will take a transformation from a simple value-creator to a game-changer. This means they must optimize their organizations’ capacity to attract, acquire, engage, align, develop, and retain not only the best talent they can acquire, but the right talent that will propel them into the future.

Three Important Questions to Consider

1. Are you ready to make that shift for your enterprise to become a game-changer?

2. How sure are you that the right people are in the right roles with the right skills?

3. Have you established a talent benchmark for all key positions against which you can select top talent?

We call it the Job-Talent Fit Process that can assure an ideal job-talent fit.

Click the link below to get the free one-page checklist, “Five Steps For Discovering and Developing Top Talent.”

5StepsforDiscoveringandDevelopingTopTalent0118

 

In Category: Tips for Transformation
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