Motivation, Ability or Prompts
Behaviour design, sounds like something out of a 70's Bond Movie, doesn't it? But if you want your staff, your customers or even you to do something, it might be helpful to know which of the three key elements is lacking. Then design your systems and processes to encourage the desired behaviours. The example in the video I'd like you to consider is recording daily income. Once it is habitual, it becomes the action prompt for saving 5% in the VAT vault. Having money in a separate account is a great way to ease the cash flow burden of the VAT bill, but it is the start of something much bigger. Measuring, managing and mastering the financial aspects of your business. Because you are recording daily income, it becomes a focus point: job cards get completed, invoices are sent, and payments are made. It also forces the business to be more efficient, as it has to operate with less cash. This tiny action, recording daily income, is how I started to get to grips with my business. Give it a go, do it for a month, simply record on a spreadsheet your daily income.