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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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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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A BFO About Business from Sid Caesar’s Obituary
- Originally posted 2/13/2014, revised 4/2/2022. I was saddened to learn of the passing of the great comedian Sid Caesar, he was one of my favorites. While reading the obituary in my local newspaper, I had a Blinding Flash of the Obvious (BFO). I realized that one of Sid Caesar’s major pioneering milestones led to a […] Read More
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Getting Through Those Conversations You Don’t Want to Have
- Originally posted 12/2/2015. I was recently reading a great article in Success Magazine by Shelley Levitt about difficult, delicate and distasteful conversations. Several of the points in the article bear repeating with emphasis. But first some background. Many managers, leaders or entrepreneurs work very hard at avoiding these kinds of conversations. This is a big […] Read More
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Stress Test Your Business
- Originally posted 9/12/2018. Revised 1/5/2021. One of the most important concepts my colleagues and I at ActionCOACH coach our clients on is being proactive. Everything from our GrowthCLUB (90 Day Planning Workshop), our use of the ActionCOACH Business Chassis (5 Way Formula), to the alignment consultation we use to start each of our client’s coaching […] Read More
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Why Your Business Needs A Succession And/Or Exit Plan
- Originally posted 9/17/2019. While reading the September 2019 edition of INC Magazine, I was surprised to learn that a small percentage (21%) of the companies in the 2019 INC 5000 have list succession plans, and an even smaller percentage (12%), have a plan but have not identified successors. Therefore, two-thirds of the fastest growing private […] Read More
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Why You Should Prepare Your Business To Be Sold (Even If You Don’t Plan To Sell It)
- Originally posted 10/23/2018 One fact I often site is that on average, 10,000 baby boomers in the USA turn 65 every day. This has been going on for the past seven years and will continue for another eleven years. This fact presents two major opportunities to the business world: What products or services does this […] Read More
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The Golf Ball and How Nike Missed The Boat
- Originally published 8/6/2019 Leading up to the 2000 US Open tournament, virtually all the golf balls in use, especially by professionals, were of wound construction. Top of the line balls had balata covers which better golfers beat to shreds. Tour pros routinely used six balls per round. The exception was a Titleist ball with an […] Read More
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