How does being accountable help us profit?

Business accountability means that you are focused on achieving your goals and your tasks and ultimately achieving profit.

It means limiting distractions interruptions and external pressures to focus on your goals and achieve them efficiently.

Goals of course should all be tied into profit.

If you can hold yourself accountable to your goals you can inspire your team and your clients to do the same.

But that’s easier said than done.

When I talk to clients, club members and entrepreneurs – accountability, or the lack of seems to be one of the biggest challenges we have each day.

It’s not that we Intentionally avoid accountability.

You don’t get up in the morning I think I am not going to be accountable today.

I’m not going to do anything on my to do list, I’m not going to move my business forward – of course not!!

You wake up with good intentions, you get up with good intentions, but you get distracted by the mountain of things to be done:

Calls from clients, problems with suppliers, staff issues, family interruptions, facebook, Instagram, YouTube and ever growing to do list.

Then you try to excuse or justify it by saying you are just too busy!!

But like profit, accountability needs to be embedded in everything you do.

It needs to become second nature not an afterthought.

So what can we do to be more accountable.

First of all you really clear on your goal what is it you’re trying to achieve and why make sure it’s written down, make sure it’s clear to your team (if you have one), so you are all on the same page. This also sets the tone of the culture in your organisation.

  1. Next be aware that you can’t do everything.
    Learn how to prioritise, delegate and outsource.
    You’re more likely to achieve your goals if there is a team of you working on them.
    Do it, delegate it, diarise it or ditch it.

  2. Block time out or schedule time into your calendar depending on how you look at and make time to achieve your goal.

  3. Set deadlines for everything.
    Nothing so compelling as a deadline!
    Don’t schedule things too tightly though or you’ll be overwhelmed.

  4. Get an accountability partner or a profit buddy.
    It could be a fellow business owner on a more informal basis.
    It could be an accountant or a business coach but someone who will hold you accountable to your goals.
    I have a business coach myself, and we set intentions weekly and track progress in Trello.
    Even though they are my goals, I don’t want to turn up each week without progressing them – so she helps me stay on track!

  5. Or you could join an accountability club.
    Where a group of likeminded entrepreneurs who set intentions, who define their goals, then share, encourage and support each in achieving those goals.
    We have weekly meetings with clients to set actions for the week- on a 121 basis – these are commitments.
    We also set weekly intentions in our membership club – which by the very nature of a membership means these are intentions rather than commitments made to the group.
    Sometimes, we might check in at the end of the week, but we don’t hold peoples feet to the fire in the same way we do on a 121 basis!

Accountability is often the difference between success and failure.

Tell me in the comments how you hold yourself accountable!

How is that working out for you?

What’s working?

What isn’t?

Is there anything you could you do to improve accountability on your business?

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