Whether you’re a few months into your new startup or the owner of a profitable company that’s served the community for years, you understand that running a business is anything but easy. One way of relieving some of the burdens you face is by finding a mentor. If you’ve already decided this is the right course, you’re likely asking what you should look for in a business mentor. For those still on the fence, however, here are some of the most important reasons to hire a business mentor.'
When your business is failing, it's understandable to face the feeling of defeat or having the urge to give up. However, a failing business isn't a reason to quit. While about 50 percent of businesses fail within five years, you don't have to be a part of that statistic. There's still time to turn your business around. If you want to know how to turn around a failing business, there are some key steps that you need to take:
Business coach and entrepreneur, Chris Hallberg, has spent more than 17 years helping others build a solid foundation for business success. Those in the small business entrepreneurial circles refer to Hallberg as the "Business Sergeant." He earned this title by creating a successful business philosophy that intertwines his elite military and law enforcement training into an effective and efficient business operating system.
Topics: Business Advice
Every entrepreneur starts out with the goal of staying organized and on top of everything. Unfortunately, as the business grows it’s easy for even the most well-intentioned entrepreneur to get overwhelmed and lost control of their business. This issue coupled with time constraints can quickly lead to bad organizational habits that ultimately affect the overall success of your business.
Topics: Business Advice
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.
Topics: Business Advice
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.
You probably spend most of your waking hours at your workplace, but if that workplace is negative, it creates a toxic environment and a place you won't enjoy being, while also harming overall productivity of the team. However, if that workplace is positive and full of integrity, your vision and the vision of all those involved will soar and your workplace will become an enviable place to be while you watch the company grow and flourish.
There’s no question that a small business coach can help a company grow and get on track with organizational goals. They can help any business get better, but when it is in critical condition, a business coach can be a life saver. Even if you don’t realize that your business may be in trouble, a small business consultant can identify potential problems before they become big problems. Do you need a small business coach? If you are dealing with any of these issues your situation might be approaching critical – and the answer would be a resounding yes.
Chances are you've heard the saying, "You are only as strong as your weakest link" quite a few times. While this proverb is certainly a rather trite phrase, it is also very true, especially when it comes to your leadership team. No matter how uncomfortable or unpleasant it might be, it is necessary to evaluate every person in your leadership team to ensure everyone is contributing both the quality and quantity necessary. If you're not sure how to determine if you have the right people on your leadership team, here are ten tips that will help you do just that. After all…I’ve heard it before, maybe you have too; EVERY company is just one leadership team away from extinction.
In any organization, there will be conflict. Knowing how to channel opinions and conflict the right way to get to the bottom of issues and move forward is key. There is a way to have a healthy conflict without disrupting the core foundation of the organization. Here are four ways to do this effectively: