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Focusing on success



How to keep your sights set on gaols

By Meredyth McKenzie


Smart Business Broward/Palm Beach | May 2008

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Robert Toney <BR /> CEO, G. Robert Toney & Associates Inc.
Robert Toney
CEO, G. Robert Toney & Associates Inc.

In the constant hustle and bustle of each business day, Robert Toney does his best to stay focused. The founder, president and CEO of G. Robert Toney & Associates Inc. keeps his day organized using planning tools that keep him on task and help him make sure his 71 employees are on task, as well.

“If you stay focused and obtain your goal, and it’s the right goal, it works,” Toney says. “If you get out of focus and away from the goals, it’s not going to work.”

Toney’s company is the parent company of National Liquidators, a vessel recovery and remarketing firm, and National Yacht Sales, which offers boat sales and boat storage. Toney’s focus has helped his companies reach 2007 sales of $11.9 million.

Smart Business spoke with Toney about how to focus on your business and prepare for changes in that focus as your business grows.

Q. What are the keys to staying focused on your business?

Communicating and then establishing goals and staying with them. Profitability has a lot to do with it. When you see a goal work and it’s profitable, it’s much easier to explain to everybody why it’s a good goal and why everybody has the right focus on that issue. Lack of profitability also gets your attention as to how you need to adjust your goals or change your strategy.

Q. What are the keys to setting goals?

Set goals that are going to keep the company successful. Communicate with the person who’s responsible for setting the goals. I try to put some bullet points forward — for instance, do we want to open a new office location — and then let the person give their input.

Listen to what they have to say before rushing to a decision. Focus on the big picture and let the person responsible put the pieces in that can work within their comfort level.

Q. What do you do if you lose that focus?

Communicate more clearly. You don’t have to communicate all the time, but when you do communicate, communicate efficiently. When you talk to somebody on the phone, sometimes it’s better to follow it up with an e-mail or a note that says, ‘Based on what we talked about earlier, here’s what I want you to do and when I want you to do it.’

If you and the person you’re working with agreed on a goal and neither one of you can stick with or stay focused on that goal, you’ve got other problems. Either you keep the manager focused or they keep you focused, but if you can’t keep each other focused, it isn’t going to work.

Q. How does your focus change as the business grows?

I stayed the most focused when the business was growing and struggling because I had to. You focus on it 24 hours a day, seven days a week because you have to. Every penny counts, every task you do during the day counts, and everything you read for pleasure has to be related to your business because you want to learn more on how to stay focused on your business.

If you grow and have good quality people working for you, the staying focused aspect is more about the bigger picture. Hopefully when you’re successful, your people can enjoy their work and free time a little bit more because they are successful at work.

Q. How do you prepare yourself for that change?

You work so hard on your own without much help when you’re small, new and not as profitable. But when you get bigger, successful and profitable, you want to see other people learn from that area and you step back.

I still come to work early and stay late, but I’m able to enjoy myself when I’m not here because I know everybody’s taking care of everything and the place isn’t going under. In the early days, if I wasn’t here, the major decisions didn’t get made.

If you don’t step back and let your managers take over, then you’re micromanaging, and it’s going to end up causing you more problems than it’s going to save. If you want to be successful and grow, you’ve got to put that trust in other people.

I enjoy putting trust in other people, especially good people who are loyal to me and have been working for me a long time and who go the extra mile. It’s a great feeling.

Q. How do you build trust with employees, and what are the benefits?

You can send them out on their own, and they’ll do the right thing. You can sense that in their excitement and communication levels with you.

A good employee who wants to be on his own knows when to come and ask questions and ask for guidance. You’ll find that the more successful people who work on their own will communicate better with you and come asking for guidance and suggestions and proposing ideas to get your feedback more than someone who’s not comfortable working on their own.

HOW TO REACH: G. Robert Toney & Associates Inc., (954) 791-9601 or www.nationalyachtsales.com or www.natliquidators.com

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