Superheroitis is the belief that the only way to get something done right is to do it yourself. It can really get in the way of your business’s growth if you don’t fix it. When you constantly step in to take care of things, your team won’t feel valued and
Losing a key employee is hard, but it’s part of being a business owner. So what do you do when it happens? Here’s a step-by-step guide: ➣ Stay calm and keep a positive attitude. Remember, you hired and trained this person, and you can do it again with someone new.
Have you documented all of the key systems in your operations, only to find that your employees aren’t following them? There are 9 steps to systemizing a business, and the one we tend to focus on the most is step 8 out of 9, which is documenting all the procedures.
Your USP (unique selling proposition) is basically the answer to the question: “Why should I buy from you instead of anybody else?” Businesses that don’t have a great answer to that question struggle to get sales because it forces them to compete on price. They’re reduced down to the lowest
Does it feel like your bank account never seems to grow as fast as the demands on your time? If you don’t have control of your cashflow, you’ll always be under stress, even when sales are up. Here are 3 tips for getting your cashflow back under your control: 1.
It seems like for every one book about management, there are 10 on leadership. But without great management systems and practices, all those great leadership skills can be wasted. When you get the balance between leadership and management wrong, good employees will leave, and even worse – bad employees will
Many business owners end up waiting far too long to hire team members, because they’re worried about the increased overhead. That’s the wrong way to think about it. A good hire isn’t an expense, they’re an investment that yields great returns. Here are three ways to turn employees into investments,
Ever wish you could clone yourself to get more done? When I started working with Eric, he had been in business for about 6 years and had not been on a vacation that entire time. Six years of no vacation! The first homework assignment that I gave him was to
Is your business your retirement plan? If so, make sure you avoid these common mistakes so you can get top dollar for it when it’s time to sell. Here are my top 3 things that can devalue your business: 1. Skewed revenue distribution amongst customers. Your top 3 customers should
Tips to Maximize its Value Before You Sell If you are like me, and many thousands of other business owners, then you are planning to sell your business in the next 5-ish years, and your comfortable retirement counts on getting a fair price. Unfortunately, if you are like most of
Recently I talked to a group of business owners about coaching, and several of them said they don’t need a business coach because they have a mentor. I congratulated them for this and asked them to share with the group how they were using their mentors to grow their businesses.
I am often asked how much business coaching costs. The short answer is, the cost can vary widely based on a number of factors which I’ll get into below (and yes, I’ll provide the dollar amounts!) But most of the time I answer by telling the person that is the
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