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Accountability = Productivity + Profitability

by | Jan 23, 2017 | Business Coaching

accountability target

Accountability = Productivity + Profitability

Is there a magic formula for helping your business soar? Accountability = Productivity + Profitability could be just the formula you’re looking for. I find that many of the solopreneurs that I work with aren’t truly accountable to anyone so their productivity and their profitability sometimes suffers. You’re certainly accountable to producing results for your customers, but it is sometimes difficult to toil alone every day and feel an accountability.

One way to amp up accountability is by working with a business coach. A business coach will push you to higher levels of productivity and will hold you accountable for milestones you want to reach. Did you know why some people don’t achieve their goals? Here are a few:

  1. They set unrealistic expectations
  2. They didn’t understand the scope of the project
  3. Priorities and timelines weren’t clearly defined
  4. You, or those involved in the project, don’t have the skills necessary
  5. There is no follow up or milestones to mark progress or tell whether the project will be a success

Here are ways in which you can be accountable to yourself, others and your business.

  1. Your employees need to be held accountable by you for the tasks with which they are charged. You also need to be accountable to your employees and give them the tools they need to succeed and the assistance they need to follow through on their own projects and tasks.
  2. Your company co-leaders. If you run your business as a partnership or have more than one person involved you need to hold each other accountable. If you have specific skill sets that complement your business partner’s you need to allow each other to work on your core competencies but you need to come together to assure you’re both shooting for the same mark on the target.
  3. You need to be accountable to yourself. If you’re not motivating yourself and pushing yourself, your efforts will be for naught. Business owners are usually very good at moving forward and overcoming obstacles that may present themselves.

Do you have an accountability process in place for productivity and profitability?