Skip to main content

Posts

Think Like An Entrepreneur

  Let's start by digging into some of the frameworks that ActionCOACH has to help entrepreneurs understand their real role in business and how to run an automatic business that runs without them. You see, as a small and medium-sized enterprise, what is your product? Is it the food that you serve? Or the service that you sell? We say that your product is actually your business, and the only reason that you would want to build a business is to eventually sell it. Now some of you I think might disagree but some of you might decide to franchise it. Well, that's selling. Some of you might decide to bring in new shareholders and that's selling it, partially. Some of you might want to sell it all together and then again, some of you might want to go IPO with this business. The essence is that the name of the game in owning a business is “How can I further expand my wealth by using other people's money?” Whether it's expanding my business or selling it or building other bu

What is the Difference Between a Business Coach, Consultant, & Trainer

  Today, we're going to talk about how we can improve the quality of life and businesses for small and medium-sized enterprises right here in North Florida and beyond. ActionCOACH is a globally proven system that I want to talk to you about and how we could really work for you and your business, to provide a different way of guidance and support for your businesses and really other small and medium-sized Enterprises right here in the North Florida area. You see, 80% of small and medium-sized businesses closed their doors within 5 years. That's pretty sad, isn't it? But why is this? Because many of the small and medium-sized business owners just burnt out. They're not getting enough results. And this is not the dream that they had. And so they had to close their doors and they had to try to maybe go into another business or go back to work for other people. This is why we have to bring a different way or a different kind of business education and business guidance to t

Be A Master Of Your Destination

  My definition of a successful business is a commercial profitable enterprise that can work without you. I want you to think about this. If you haven't written down your dreams or goals, most likely you are helping others to achieve theirs. This reminds me of the childhood story "Alice in Wonderland". Do you remember the point in the story where Alice came to the fork of the road and she didn't know which way to go? She looked up and up into the tree and she saw the Cheshire Cat. She then asked, "What road should I take?" The Cat replied, "Well, where exactly are you going?" Alice responded by saying, "I'm not sure." "Well, in that case, it doesn't really matter which road you take." Over my many years of coaching, I found that there are lots of businesses that are not exac tly clear on where they're going with their organization or with their businesses. They don't know what they are creating or are even aware

Writing Your Success Story

Everyone knows that creating a plan is going to help you become more efficient and more effective. If we know that having a plan is going to help us be more effective then why do most small business owners do not have a plan? Most of us we have at least a to-do list to make sure that we're going to get the most urgent tasks that we have to get done on that particular day. But unfortunately, the most important urgent tasks aren't necessarily the most important task. We're spending most of our time just really putting out fires rather than doing what's most important that's going to be moving us towards reaching our goals. What decides whether a task is important or not is our goals. If your goal is just to get through another day doing the most urgent task on your to-do list, that will just get you by. If your goal is to create a successful business or a commercial profitable enterprise that can work without you, then you have to have clarity of how you want it to

Your Number One Priority

  Do you and your leadership team find that you're overly busy putting out fires and gently running around and not getting to any of the strategic things that you really want to be working on? In this business tip, I'm going to guide you to understand how to set and execute your most important priorities. Senior Leadership Teams seem to always be super busy. Unfortunately, it's not on the strategic priorities. They're putting out fires and dealing with issues that pop up all day long so they are just being reactive instead of being proactive. In most cases, this is because we have not set clear priorities for our organization. I know what you are thinking. " We have priorities... we actually have tons of priorities". Well, let me be clear -- if everything is a priority, nothing is a priority. You might be just going too wide and not deep enough into the issues to gain momentum. In this tip, I want to guide you understand how to set clear priorities. First, sta

I Can't Find Good People

  I keep hearing the same thing out there these days. From business owners and managers, it's all over the media. You might even be asking it yourself. It's really simple. I keep hearing it. It is “ I just can't get good people. " And you know what? You're probably right. The US Department of Labor reports that two out of three new hires proved to be a mistake within the first year, costing hundreds of thousands of dollars for each departing employee. Hiring mistakes negatively impact your productivity and erode your company's profits. If you can't find good people, what I'm going to suggest is let's change the question. “ How can I get THEM to find ME? ” Jim Collins, landmark study and book “Good to Great” states three things. He says: Good to Great Leaders Understood Three Simple Truths. (1) If you begin with WHO rather than WHAT, you can more easily adapt to this changing world. (2) If you have the right people on the bus, the problem of how to

5 Keys To Recession Proof Your Business

The last few years have been very crazy for entrepreneurs. Some were going out of business and are just keeping their heads above water while others are really truly thriving out there. Well, some of my clients are having some of their best years ever. So the business climate out there seems to be getting better, but we're not out of the woods yet. It seems like the government and the economist out there keep throwing that “R” word around… Recession , right? So why do some businesses thrive while others implode during these economic recessions? This remains puzzling to too many business owners and entrepreneurs out there. But I'm here to tell you that not all businesses have to suffer during a down business cycle. An overwhelming majority of my clients, as I mentioned, not only survived but thrived as well. In fact, one of my clients likes to introduce me by saying that " If it wasn't for Steve, we'd be out of business. " So what separates these successful b