As I discussed in a previous article, a business coach can be a valuable addition to your organization. Statistics show that many executives who hire coaches enjoy greater companywide success and satisfaction among employees, allowing them to focus on continued improvement and giving them the ability to assess problems that they may never have considered…
You might consider yourself a rather business-savvy executive, but even the greatest business minds know that there is always room for improvement. If you are unable to swallow your pride and enlist external help from time to time, you are likely missing out on some fantastic opportunities to improve both your organization and yourself…
You’ve probably heard of peer advisory boards, and if you’ve been a business owner for any significant amount of time, there’s a good chance you’ve participated in them. Peer boards can be incredibly useful for gaining valuable insight from like-minded individuals as well as those who take far different approaches to business…
The business world is one that is always evolving and difficult to predict. Advances in technology and worldwide shifts in cultural attitudes can play a major role in the way that business is run, both domestically and internationally. While staying true to your business vision is vital, failing to adapt to certain changes can spell doom for an organization…
According to Harvard Business Review, entrepreneurs who write formal business plans are 16% more likely to achieve viability than otherwise identical non-planning entrepreneurs. Still, you may be saying, “Well, I’m not much of a planner, and 16% isn’t that significant. What about all those people who aren’t planning?” Even if you’ve made it past your first year, or even your tenth year, you aren’t necessarily in the clear as a business owner…
You finally found the perfect business owner advisory board to join. You connected with the peers you met there and the facilitator, but is the price going to be worth it? Before you dismiss the thought of joining a peer board, you might want to look at the return on investment you could be passing over if you walk away…
There are many wonderful things that come with being a business owner, but the role also includes a few caveats, such as feeling like you can’t properly share the challenges you encounter as an entrepreneur with your friends, family or team members who work for you. However, it doesn’t have to be lonely at the top. In fact, joining a peer advisory board might be the perfect remedy for this unique challenge…
Referrals are a great form of business leads. The easiest way to get new clients is through referrals from existing customers. People prefer to do business with people they know and trust…
We all like to be rewarded and recognized when we do a great job. While it’s not always feasible to notice every accomplishment, it’s important that as a leader, you’re looking for opportunities to reward and recognize your team. Regularly recognizing your team’s efforts will not only help boost productivity and build a positive team culture, but it also will help instill loyalty that leads to reduced turnover…
When your team member accomplishes a milestone, your first reaction might be to reward them with cash. A pay increase, bonus or other monetary token of appreciation can be well received. But it can also be expensive and not always in the budget…
