Building a Better Business – Step 6

Written by Accountants on Domain

Be a Better Leader

Is your workplace culture holding your business back?

Identifying and addressing toxicity in your business environment is crucial to your success. At Accountants on Domain, we believe that being a better leader and cultivating a positive workplace culture are essential steps in building a better business. Let’s explore how to recognise signs of a toxic workplace and transform it into a thriving, productive environment.

Recognising Signs of a Toxic Workplace

The average person spends more than 40,000 hours of their life at work, so it should be a place they enjoy. However, if the following issues sound familiar, your workplace might be toxic:

  • Lack of Trust: Is there a sense of ‘us’ vs. ‘them’ between owners and team members? A cohesive team feels united, not divided.
  • Non-existent or Ignored Core Values: Core Values should guide your team’s actions and decisions. If they do not exist or are not followed, it is a red flag.
  • Post-Meeting Meetings: These often indicate unresolved conflicts or dissatisfaction with decisions made.
  • High-Stress Interactions: Disagreements are normal, but constant tension is not.
  • Mistreatment Among Team Members: Self-serving behaviours undermine teamwork and the overall business.
  • Lack of Buy-In: Team members should understand and commit to the business’s core purpose and goals.

Building a Stronger Workplace Culture

To foster a healthier work environment, consider these steps:

  1. Develop Core Values with Your Team: Involve everyone in defining what your business stands for.
  2. Develop Core Values with Your Team: Involve everyone in defining what your business stands for
  3. Define Your Purpose: Clearly communicate why your business exists and how each role contributes to this purpose.
  4. Make Values and Purpose Visible: Regularly reinforce these concepts so they become part of daily operations.
  5. Set Goals: Establish annual and 90-day goals for team members that align with your overall Business Plan.
  6. Celebrate Success: Recognise and reward great performance to boost morale.
  7. Encourage Open Communication: Regular meetings where everyone has a voice can prevent issues from festering.
  8. Address Toxicity: Do not let negative behaviour go unchecked. Sometimes showing toxic employees the ‘door of opportunity’ is necessary for the greater good.

As Peter Drucker famously said, “Culture eats strategy for breakfast.” This highlights the importance of a strong, positive culture in achieving business success.

Bridging the Gap: From Recognising Issues to Implementing Solutions 

Recognising the signs of a toxic workplace and understanding the steps to build a stronger culture is just the beginning. The real challenge lies in effectively implementing these changes and ensuring they are sustained over time. This is where our service comes in. At Accountants on Domain, we offer a practical solution for businesses looking to improve their culture and leadership. Our comprehensive Business Planning Sessions are designed to help you create and execute a solid plan for success, ultimately contributing to a healthier and more productive work environment.

Our Service: Why We Offer This 

At Accountants on Domain, we understand that success requires careful planning and clear direction. That is why we offer comprehensive Business Planning Sessions to help you achieve your goals. Here is how we can assist:

  • Current Business Plan Review: Do you have a plan in place? We will help you assess and improve it.
  • Goal Setting: Establish realistic, measurable goals that align with your business objectives.
  • Strategy Development: Create clear strategies to reach your goals.
  • Regular Reviews: Adapt and refine your plans as circumstances change.

We provide pre-work to ensure you come prepared to address all necessary topics effectively.

Why Now?

Any time is a good time to develop a Business Plan, especially at the start of a new financial year or when planning major changes. A solid plan supports financial applications, eliminates procrastination, and helps align your team with common goals.

Benefits of Our Business Planning Service

  • Increase growth, profitability, and cash flow
  • Unlock your business potential with tailored support
  • Gain a clear outline of necessary steps for success
  • Measure progress against set targets

If you are ready to take your business to the next level, contact us today. Let us work together to build a better business by being better leaders and fostering a strong, positive workplace culture.

Contact us to schedule your Business Planning Session and start building a better business today!

Webinar: Vision, Purpose, and Values

11:00, Wednesday, May 22, 2024 

Join us as we talk about how you can create a sense of belonging for your team and customers, resulting in a

Vision, purpose, and values are the cornerstones of a strong workplace culture. They help to align thinking throughout the business and can provide a solid foundation for growth. At our complimentary webinar, we’ll teach you how to develop your vision, purpose, and values to maximise your results.

On WEDNESDAY, 22 MAY at 11:00AM, join us for our complimentary webinar, Vision, Purpose, and Values, where you’ll:

  • Demystify the three cornerstones of culture
  • Discover the components of a clear vision statement
  • Learn how to define your ‘why’ – your core purpose
  • Understand the importance of Core Values and how to derive them
  • Learn how to pull your vision, purpose and values together into a culture card

Click the purple button to register!