Are you the CEO of your home?

Are you the CEO of your home? 1

Running a home is like a business! It takes organisation, flexibility, and knowledge, problem solving skills, determination and persistence. It can be tough running a family but just think how this list of qualities would look on a job application for CEO.

How do you manage the people? How do you take care of yourself? How do you stay on top of everything required and remain sane?

If you are like me, it takes delegation, team work, organisation, down time/holidays and self-care! These are at the top of my list.

How is it possible?  I’m going to start with my first priority – Organisation.

  1. Get the APP! In my recent articles I’ve listed some great apps that can help you get organised with not only your day to day requirements but with your budget and finances. These apps really assist in alleviating that stress. Knowing where your money goes, how to stick to a budget and create savings to plan for those incidental items as well as those much-needed holidays, help you get in control and be the boss of the family finances.  See article here…>>>>>
  2. Get with the program! Creating a calendar for you and for your children teaches them not only how to be organised but it also takes away any stress from feeling “out of control”. Having a calendar also reduces their need to rely on you to keep them organised, and they can refer to their own daily activities to know what needs to be done in the mornings, afternoons and evenings as well as plan for tomorrow’s activities. When they ask “Mum, what’s happening today?” tell them to “check your calendar!” Include them in the process of creating the calendar with you so they take ownership of their routines and activities.
  3. Make a list and check it twice! Have a shopping list on the fridge (or share an app with the family), so that it’s easy to keep track of what items need to be restocked – everyone in the family can get involved with this. Create a task list at home and get the kids involved in what needs to be done to run the house hold. Just as you would in running a business, each role has defined activities that need to be completed. At home, get them to choose some duties to help keep things organised and take on some responsibility.
  4. Many hands make light work. Even from a young age you can get the kids involved by doing the chores with them, give them little tasks which teaches independence, routine and responsibility. It’s a great way for kids to understand how to work as a team when you do some of the bigger tasks together. Teamwork means that although it might be Mum’s job or Dad’s job together you can help to meet the responsibility of getting the task completed and it might even be fun to do together.

How flexible are you?

Just as in business, at home you need to be flexible. Sometimes things don’t go to plan, so you need to adapt and adjust. Consider the stress of not allowing flexibility at home or in your business. The negative impact can only create a stress filled environment. Put your family and your team first when making any decisions that may impact them. When confronted with a situation consider the impact to:

  • You and the people around you,
  • Your time and efficiency,
  • Assess if there is a financial impact
  • What decision can you make as the CEO of the Household (or your business) that can create a positive outcome?
  • Will this bring me closer or further away from what I want to achieve?

Knowledge is key!

As children we spent a lot of time in school being educated, but it’s only now as we mature that we match our experience with our education to give us knowledge. But as in business, it’s important to surround yourself with people that are knowledgeable in areas that you aren’t. It’s important to have the key people (you’re “A Team”) at hand when you need them to ensure that you are making good decisions. As the CEO of the household choosing the right Financial Adviser to help protect and plan our financial future is important (even easier when he’s your husband!). Having a good GP, Physio, Chiro, Solicitor, Accountant, etc., knowing who is in your trusted team to support you is just another way of ensuring your day to day and future needs are met. Being CEO doesn’t mean you know everything, but you do need to know who the right people are for the job.

Problem solving skills

Solving problems in a household is more than resolving disputes or how to get Sally to netball when Mitch has soccer at the same time.  It’s in these moments that we draw on our values, our emotional intelligence and our skills to be level headed so that you can seek a solution.

Do you know where to go when things go wrong? We all know when we are sick we go to the GP, when our car breaks down the mechanic, but where do you go when your finances are heading off the rails? Do you have the time to research and learn new skills to get your finances on track, or are you better off speaking with a professional that can help ensure you are working to a plan? Either way, it’s important to know what you would do if there is an unexpected situation so you are prepared with how to deal with it. Weigh up the pros and cons of each situation and if you don’t know the solution seek help from your family or from your trusted support team.  A classic example of this is knowing where your important documents are stored should something happen. It was only as we were reviewing some documentation recently that we discovered that our will needed updating. Fortunately, I have an in-house financial adviser on my team!

Determination and persistence count!

Strong attributes to have but every CEO has them.  Be determined to have a plan in place for all aspects of your life including day to day running of a family home which include your finances, for today and in future.

Persistence is to understand things take time and investments require that patience to watch it grow and make changes when required. Don’t be afraid to ask questions along the way but remember to have the right team around you and delegate those duties whilst being the CEO that supports, mentors and ensures that your household is run as efficiently as you would run your business!

Remember, as CEO of your household (or business) the responsibility should be shared. We are stronger when we surround ourselves with great people to help, so whether you’re single, a couple or a family, find the right people to support you and reach out for help when you need it.

 

Jillian Luman

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