Traction Inc.

If you're like most business owners, owning and running your own business is a dream come true. It's an opportunity to make decisions that create the impact you' like to achieve. It allows you to put your skill set and determination on full display. But owning and running your own company can also have drawbacks.

An entrepreneurial operating system® (EOS) small business coach can help you take your company in the right direction. Using their knowledge of systems, specifically as they relate to entrepreneurial endeavors, EOS coaches can identify the aspects of your business that can be tweaked and improved for quick and successful scaling.

When budgets are strained, many small-business owners respond by cutting their spending as much as possible. This often involves reducing spending on training services and professional advancement. However, cutting ties with your small-business coach could create even more problems for your business. When times are tough, you need all the expert help you can get to turn your business’s financial situation around. Read on to find out how a small-business coach can help you out of a tough spot and make your business profitable again.

Every business owner has thought about what it would take to bring their business to the next level. Regardless of what industry you're in or what place in the market you hold, scaling a business is always something at least worthy of consideration. 

Running a small business is an exciting but challenging endeavor. Small business owners get to forge their own path, but this often means sailing through uncharted waters. It is difficult to be an expert in all things, and you may not even know that hiring a small business coach could be worthwhile. 

Business leadership and business management are often used interchangeably, but the two terms are actually quite different. As anyone who has been to business development training knows, what makes the two terms distinctive really matters to the way you run your company.

Starting a business is hard. It takes a great idea and the grit to see it through. If you are like many entrepreneurs, the idea isn’t your problem – it's the actual running of the business. You have to think about building a profitable business model, for instance, as well as learn how to manage your company’s accounting, marketing and HR.

Performance management is an ongoing challenge in most organizations. Managers spend hours huddled over spreadsheets, analyzing employee performance metrics, looking for ways to improve performance and boost production. When mistakes happen – and they do happen – the bulk of the blame is often shoved off onto the employee. What leaders often fail to acknowledge is their role in the errors. This lack of leadership accountability can cause problematic issues to continue repeating. This, in turn, causes a decrease in employee morale as frustration and devaluation increase.

Leadership is tough. Even those who seem to find it so easy still have times when they struggle. In fact, it is such a common problem entire books have been written around it. A great deal of business coaching advice has also been devoted to how a leader can get their employees to follow them. Therein lies the rub. Getting employees to follow your strategic direction can be difficult – at times it may even seem impossible. 

Without quarterly business goals, your company lacks direction. You'll find that energy is expended in areas that never pan out; projects are suggested or even begun, but are never finished. You may also find that you are stagnated, doing the same work for the same list of clients. You stagger along, never getting bigger, never advancing. Setting realistic strategic goals, on the other hand, allows you to enjoy growth and progress. By establishing strategic priorities (AKA Rocks), you give your company a place to go and objectives to strive for. But, how do you make your business goals realities? I’m happy to share the secrets that can give your company the tools to reach those important quarterly goals that will transform your company.