14 Oct

Are There Rules In Business?

John, not his real name, broke the rules.  You see, John is 82 years old and he decided to start a business.  It gets even better as John started a technology business.  Everyone he knew, friends and family, told him he should be retiring and not becoming an entrepreneur.  John broke the rules.  By the time he was 85, John’s business was grossing over $1M.

John Broke a Rule

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07 Oct

Business Coach or Business Educator

It seems a Business Coach is born every morning.  Somebody wakes up and their first thought is “I’m going to be a Business Coach.”  I am aware of several of those near me and they harm an otherwise high potential growing profession.

Let’s establish first a foundation reality.  Coaching is an unregulated industry.  It has no standards, no license requirements, and no regulatory or governing body.  It simply is.  Because of this, it is imperative that when you select someone to help with your business that they have the right credentials and provide you with what is most important to your business.  Be wary of those who promise results; I know of one “Coach” who promises to triple revenue, yet does nothing to measure or demonstrate how they will do that.  They charge their clients a lot of money for that too. They don’t even offer a refund if the promise is not kept.

A good Business Coach is a Good Business Educator.  They don’t just give you forms to complete, send you text messages multiple times a day all preceded by vague or near impossible commitments of helping drive you to success.  Further, they don’t offer you better service or results by increasing their prices.  While the premise of coaching is to help you find the solutions within yourself, all too often the real solution comes from you being shown, educated if you will, on how to do the things necessary to develop a successful business.  This is where the Business Coach MUST be a Business Educator.

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30 Sep

Managing Your Small Business Should Be Simple

Small Business Owners are no different than any other Business owner or Leader, they have to manage their business.  This doesn’t have to be a complex endeavor and can if the proper tools are used, be a relatively simple process. 

Most business owners will use some type of tool to help them manage their business.  These tools, often meant for large businesses can be complex and challenging to use, even for experts in a particular area such as Inventory or Accounting.  However, the process doesn’t have to be hard.

Managing a business is unique to each business, however, some processes are the same no matter what the size or type of business.  Depending on the type of business this can involve a few steps or many steps. 

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23 Sep

What Labor Shortage?

As I work with clients to improve workforce performance during a period a claimed labor shortage locally I find that Knowledge, Skills, Abilities, Experience, and Behaviors (KSAEB) have become more important than before.  The possession of those attributes become more important to businesses success and hiring those who do not possess the right combination of those diminishes workforce performance, business profitability, and shareholder value.  So why would a business hire someone with less KSAEB as opposed to hiring someone with more KSAEB?  Is giving an inexperienced worker a growth opportunity more important than maximizing performance, profit and shareholder value? Is the lower wage they require a better choice?

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16 Sep

Hiring Experience or Giving Opportunity?

As I work with clients to improve workforce performance during a period of very low unemployment locally I find that Knowledge, Skills, Abilities, Experience, and Behaviors (KSAEB) have become more important than before. The possession of those attributes become more important to businesses success and hiring those who do not possess the right combination of those diminishes workforce performance, business profitability, and shareholder value. So why would a business hire someone with less KSAEB as opposed to hiring someone with more KSAEB? Is giving an inexperienced worker a growth opportunity more important than maximizing performance, profit and shareholder value? Is the lower wage they require a better choice? Is giving a growth opportunity better than hiring experience?

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