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The Top 7 Reasons Why You Should Have a Budget for Your Company
- During my 17 years as an ActionCOACH business coach, I have noticed several “themes” about business that keep coming back to the top of my work with my clients. Currently, my clients have been developing operating and development budgets for their businesses. A budget for your business is an important tool because it helps you […] Read More
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Are You Preparing to Sell Your Business? – Ten Essentials
- Preparing a business to sell is a complex process that requires careful planning and execution. While the specific steps may vary depending on the nature and size of the business, here are ten essential things to do to prepare for the sale of your business, even if you have no plans to sell at this […] Read More
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It Seemed Like a Good Idea at the Time
- While walking around my neighborhood I noticed a utility company situation that has been in existence for at least an entire year. At first, I dismissed it, but its persistence inspired me to discuss the dangers to businesses, of all types and sizes, of quick fixes that seemed like a good idea at the time. […] Read More
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A Great Business Quote from Ralph Nader
- Originally posted 4/25/2012, revised 7/18/2023. The Quote: “The function of leadership is to produce more leaders, not more followers.” Which, of course leads to the question you should be asking yourself; Am I, and the systems in my business, division or area of responsibility focused on developing leaders? If not, why not? It is often said […] Read More
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Creating Raving Fans – Define Customer Value
- Originally posted 4/30/2012, Revised 5/31/2023 Recently I was at a presentation about creating raving fan customers. After mentioning that he is a raving fan of a rather unsuccessful local major league baseball team, the speaker asked the audience – who wanted customers that identified with their business the same way that raving fans dedicate themselves […] Read More
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Arrogance and Incompetence – The Deadly Elixir of Poor Performance
- This Blog was written by my good friend and colleague ActionCOACH Kevin Weir (republished with permission). The Peter Principle tells us that a person will rise to their level of incompetence. This may be true in all sorts of endeavors. However most individuals, when they reach this level, willingly ask for assistance or will be […] Read More
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What Can We Learn About Our Businesses from How CPAs Prepare for the Tax Season?
- While working with my CPA firm client, I had a major BFO (Blinding Flash of the Obvious) that reinforces the value of several business concepts my colleagues and I repeatedly discuss with our clients. Preparation – For CPA firms being prepared for tax season is essential to getting through the crunch successfully. Preparation in their […] Read More
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The Top Six Misconceptions About Business Coaching
- Business and executive coaching is an increasingly popular tool that many entrepreneurs and business owners are turning to in order to improve their performance, gain competitive advantage, and achieve their goals. However, despite its growing popularity, there are still many misconceptions about what business and executive coaching is and how it can benefit individuals and […] Read More
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More Thoughts on the Importance of Planning
- I’ve become a huge fan of Carey Smith’s monthly column in Inc magazine. Within his November 2022 column (“If You Don’t Plan for the Long Term, Plan on Failure”) Mr. Smith covers several important aspects of the planning picture. The article sites a wide variety of reasons to support long term planning and warns of […] Read More
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Ideal Client vs. Profitable Products
- During almost all my presentations, and during many client coaching sessions the subject of Ideal Client (Customer, Patient) often comes up. Who is your ideal, not your only, client? How old are they? Where do they live? Work? What industry are they in? What is their revenue? How many team members do they employ? And […] Read More
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