Traction Inc.

Employee retention is a significant problem in businesses, regardless of whether they are small, mid-sized, or large. Across the board, employee turnover is costly and can bring production to a grinding halt. Almost 78 percent (4 out of 5) leaders in business consider employee retention to be important and even urgent. With approximately a third of new hires quitting by around the six-month mark, these business leaders have good cause to be concerned.

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.

Performance reviews aren’t just for large corporations. Having great performance reviews can help improve employee morale, and increase the efficiency of your small business. Understanding how to conduct better small business performance reviews is beneficial to your management team, and can alleviate any unwanted situations that could result in employees feeling as if they are being treated unfairly. Taking the time to regularly meet with your staff will increase both the levels of accountability and execution in your organization.

Today’s business environment makes it almost imperative you have a business coach. As the business landscape continues to evolve, knowing how to improve your processes, get your management team on the same page, and learning how to operate your organization makes all the difference. There are a number of reasons why having a small business coach provide guidance is one of the smartest business decisions you can make, but it only works if everyone is on the same page with the vision and goals. If you don’t think your organization needs the services of a small business coach, here are a list of reasons why you should rethink that decision:

No matter the size or shape of your enterprise, your business can benefit from coaching. Business coaching and mentoring comes in many shapes and sizes to fit your specific business needs. When you have coaches who can work with team members at each level, you can increase the chances of adopting systems and working models that are more likely to bring you success, such as an Entrepreneurial Operating System (EOS). Implementing company-wide coaching can seem like a daunting challenge. Use these steps to lead the way, clarify your vision and get a winning system in place.

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:

Any small business coach worth their salt will tell you that company culture is a big deal. Company culture is what defines how the personnel within an organization interact with each other and how the team interacts with the world beyond the organization. This includes suppliers, vendors, partners, and your customers.

Many people dream of entrepreneurial success. But, without direction, your small business will never be as big or profitable as it could be. By engaging with a small business coach, you can expand your potential and reach your goals. Not sure whether a coach can benefit you? It's time to call one if any of the following is true:

Businesses have begun to realize the value in business coaching and how it can positively impact their bottom line. Business coaches have provided services for all types of businesses to help reorganize, provide structure, establish a vision, and other important components on the road to success.

Having the right organizational structure in place is beneficial to your organization in a number of ways. There are a number of areas where your management team could benefit from an EOS operating system that will enhance the vision and lead to increased productivity. Accountability is an issue that occurs within all kinds of organizations. One of the main underlying issues that could be affecting accountability is the structure of your organization. If you don’t have protocols in place to hold individuals accountable, tasks and processes will fall through the cracks.