Every business would like to be successful by showing great financial results. They would also like their team members to deliver above and beyond their defined role, contributing to their ability rather than simply delivering the requirement. This is where we call out the difference between responsibility and accountability and more importantly, why business owners and leaders ought to care. One will deliver what’s required and defined, while the other has the potential to yield exponential results. Consider this: an elite athlete, whether in an individual or team sport, has a coach; there are zero examples of an athlete winning a championship without a coaching relationship. That said, there are many athletes that play in intermediate or amateur leagues that perform well, yet do not win. Elite businesses incorporate coaching to make the transition from responsibility alone to the mindset and execution of accountability.
For a business to be successful there needs to be both leadership and management. Neither competency is superior or inferior to the other; they are different but both are needed to organize, direct, and inspire a group of people. As a business owner trying to get organized, hire a leadership team including a manager, and figure out the structure of your business, you may find yourself asking: Leadership vs. Management – What’s the difference? Read on to learn specifics about each and the different roles they play within an organization like yours!
Want results and retention? Stop micromanaging and start developing.
Business has always fascinated me; most notably, businesses that deliver a commodity, yet perform exceptionally well against their competitors. In nearly every case that I have directly experienced or closely analyzed there are some themes that emerge. In this article, the focus will be on how these highly successful businesses approach their human capital, most importantly the development of their talent.
Whether when mentoring, speaking about executive business coaching, or describing my personal philosophy behind Leader’s Cut, the question often arises, “what books do you recommend.” And while I always have a current favorite, there are four timeless classics that I tout as foundational for business success.
As a business coach, I have seen first hand the difference between positive and negative business owners. I have seen how their attitude towards the current economic climate impacts the performance of their business. If you are feeling negative, don’t worry as that attitude can be changed. It takes work, you can absolutely turn things around, but you must start immediately. Here is why attitude is everything – a successful business start to 2021 begins today!
Whether an entrepreneur, manager, or executive, there are several common leadership styles that people rely on according to the needs of the business, the economic cycle, and the goals they seek not to mention the needs of the people they are leading. There are five leadership styles that executive coaching services will use as a framework for assessing what an organization is currently using as well as what they seek to achieve through business leadership coaching.
We have 24 hours each day (168 hours per week), with an ideal work day of 8 hours per day for five days. How often do you wish you had more hours in a day?! Do you know how to get the most out of every minute of your work day? Effective planning and time management is the backbone of productivity for you and your business. Have you investigated where you are losing time? Do a time audit by tracking time to identify time thieves.
Every business owner and business leader hits a ceiling from time-to-time; in fact it often occurs and recurs over time, wondering how to get motivated. In pre-pandemic times we would normally be focused on finishing the year as we were reaching goals. That may or may not be true in 2020 as so many were forced to pause, change, or completely evolve from what it was in January. The great news is that the same techniques we use to get motivated to work in our current climate will also work in “normal” times when your effort doesn’t yield the results it used to, when you love your work and still seem frustrated, or when you feel like you need a vacation – sometimes on the day after returning home from a vacation.
As 2020 comes to a close and the uncertainty of this year spills over into 2021, it’s no wonder why businesses around the world are working with business coaches to prepare for whatever might happen next. Before you close your books for 2020, take a hard look at your business – where it is, where you want to go, and whether you have a clearly defined roadmap of how to achieve your goals. Working with a small business coach will help you create a plan for 2021 and help you adapt as things come up. With a year of uncertainty behind us and another ahead, having that support will be crucial for the short and long term future of your business. Here are the top 8 reasons to hire a small business coach for 2021.
Many companies are getting their team together and want to make sure that they are united in the effort to move forward in the next month, quarter, and year. Even a global pandemic does not change the forward-looking nature of setting an agenda, inspiring a team, and demonstrating appreciation for both past and future efforts. In fact, many are realizing that unifying in an effort by all rowing in the same direction, could mean the difference between success and failure.
EOS® – the Entrepreneurial Operating System®, is based on the book, Traction, by Gino Wickman and brought to life in the parable book, Get a Grip by Gino Wickman and Mike Paton. If you are a small or medium-sized business owner familiar with these books, then you may have wondered how it can help you get what you want from your business. EOS® has been around for over 16 years with more than 80,000 companies operating on the system. As an EOS Implementer®, I have business owners, CEOs, and executive leaders frequently ask if EOS® is right for them. The answer is simple: when implemented with purity and discipline, the results are real. In this article, the discussion is focused on the impact of the Entrepreneurial Operating System (EOS®) on your business: What it is, how implementation works, impact on team effectiveness, and why implementing EOS® in your business is the catalyst that breaks through ceilings.
We are all living through a global pandemic the likes of which we have not seen in 100 years – meaning few (if any) people living today have any memory of what the last pandemic was like. That said, our reactions to crises vary widely be they economic (recession, depression, etc.) or a health crisis like this one that has created severe economic pain.
The key reason CEOs, Business Owners, and Executive Leaders hire me, whether as their Executive Business Coach or as their EOS Implementer® is because they seek to change. They understand that what got them this far can only get them THIS FAR. A new outcome will require a new way. Yet, we all know how difficult change is: over 80% of New Year’s resolutions are abandoned within a week. As the saying goes, if change were easy, we’d all be wealthy, fit, and happy. Why is it that we may know exactly what we want from ourselves or our business, but we cannot seem to get our new habits to take root and remain consistent? Even when we know this new behavior would benefit us greatly, why isn’t the change easy in that circumstance?
Business coaching appeals to the highly motivated. Just like high level athletes (and those aspiring to be high level athletes) hire accomplished coaches in their athletic disciplines, so do business owners who want their businesses to succeed and to get an edge over their competition. So what is business coaching? Business coaching offers personalized support, guidance, and mentorship for leaders in small business. Improving leadership skills and productivity of the entire leadership team creates benefits throughout the organization as those skills permeate throughout. Investing in your team members, and thus your business, through a business coaching program tailored to your needs yields tremendous return. Here are the 5 ways business coaching programs enhance productivity.
Strong and effective leaders within a company are what make or break the success of a business. Developing strong leadership skills within the workplace requires more than just an annual or quarterly performance review of employees, thus many businesses struggle to keep their best employees engaged or help them reach their full potential.