Traction Inc.

Business Execution just got considerably more difficult, now you have to proactively improve (and quickly) if you want to stay profitable and relevant.

As Corona Virus COVID-19 has already had a MASSIVE impact on the world’s economy, small businesses and large corporations alike are now trying to figure out how they will be able to adapt to the “new world” business landscape post pandemic and its new demands on business leaders moving forward.

During a booming economy when volume is high, we tend to get a little complacent with our execution, after all there are lots of clients, we don’t need them all, nor can we fulfill all of their needs anyways… 

Unless you are in a small handful of industries that will thrive during or after this pandemic, chances are that you might feel uneasy and unsettled about the current state of your company and possibly your chosen industry that you operate in.

The establishment of business goals is often viewed by management and staff as a system akin to New Year’s resolutions, an activity that people engage with great enthusiasm but is forgotten within a few weeks. What successful businesses understand is that the process of defining company wide goals allows people to look beyond day-to-day operations and strive for something more.  

Your business goals don’t belong on a shelf in a dust-covered binder. It is a critical part of your strategic plan and should be as dynamic and responsive as your business.  

In the age of content marketing, thought leadership is a highly coveted position. And while it may seem random (or largely based on luck), there is actually a science to becoming a thought leader. Earning the respect and trust of your audience doesn't happen overnight or at random. It takes continuous demonstration and strategic content marketing to position your brand. By engaging in these 4 strategies, you'll begin to see growth and success as a thought leader in your industry.

Henry Ward Beecher, a Congregationalist clergyman, was one of the first individuals to be identified in writing as a thought leader in 1887. It is a term that has been used for more than a hundred years, often used in reference to another instead of as a self-descriptor. Today “thought leader” or “thought leadership” can be seen in job description, company mission statements and sprinkled in resumes. What is thought leadership exactly? More importantly, what does it mean to truly be a thought leader and how can you become one?

Whether you’re starting a new business from scratch or taking the reins of an already-existing company, you’ll want to make your mark as a successful new owner/operator. That’s why, even if you have years of experience in your chosen industry, it’s essential for you to find a top-notch business mentor.

Starting a business can be risky and scary. Many people are afraid of failing but are still willing to take a risk for the potential success they may have. If you are thinking about starting a business, you need to be sure that you properly prepare if you want to better your chances of ultimate success.

Just like you spring clean your home, it's necessary to evaluate and sometimes overhaul important areas of your business. There are several ways to spring clean your business to keep it running as smoothly and effectively as possible.

With so much emphasis on the bottom line, mentoring can sometimes take a backseat to profit and revenue; but, as any successful entrepreneur will tell you, mentoring is a crucial component of any successful business. A good business mentor builds employee confidence and morale — and by doing so, boosts motivation and enhances job satisfaction and performance.