5 Ways a Business Coach Can Help Your Business
1. A Business Coach Helps You Accelerate Your Organization Have you ever wondered what a business coach does? I get this question all the time. A business coach’s job is to help you accelerate the profitable growth of your organization. What do I mean by this? Having owned several businesses and helped hundreds, I have…
What Does a Business Coach Do?
A Business Coach Helps Your Business Write Its Story Over the years, I have found it most helpful to describe executive and business coaching as helping to write a story. Both executive and business coaching are similar in some ways, but drastically different in others. The differences start with the story. An executive coach works…
How is a Consultant Different From a Coach?
Difference Between Business Consulting and Coaching One of the hardest decisions for a CEO, owner, or other senior executive is whether to retain outside assistance with matters that will help strengthen themselves and their business. There are different types of advisors that can assist you. Do not assume they are all pretty much the same…
What’s the Difference Between a Business Coach and an Executive Coach… and Which Do I Need?
Business Coaching vs. Executive Coaching When considering Executive or Business Coaching, you may find you need one, the other, or both. There are some similarities and vast differences between a business coach and executive coach. Regardless of type, the coach is not there to provide answers or solutions. With coaching, the premise is that the…
Is Your Revenue Habit Hurting the Value of Your Company?
Several years ago, a company in the business services segment hired me because their revenue had stalled. It was a company that prided itself on its ability to market and sell. It was considered an industry leader in its space, yet its revenue was stuck in a range. The customers they had were very happy.…
3 Common Concerns of Hiring a Business Coach
Hiring a Business Coach and the Common Concerns: You may be in the process of deciding whether to hire a business coach at this time. After speaking to many leaders over the years, I have found that there are three common reasons given for why a business investigates hiring a business coach and then does…
Knowing the Difference Between Leading and Lagging Indicators
Lagging Indicators If you are like most leaders, the primary metrics that you use to set goals and to manage your business come from your income statement and balance sheet. Examples most often discussed are sales, cost of goods sold, gross margin, overhead, labor costs, profit, receivables, inventory, work in process, payables and cash. While…
Identifying Time Management Issues and How to Fix Them
Do you Have a Time Management Issue? You cannot manage time itself, but you can manage yourself and how you choose to use your time. These days we are under more time pressure than ever, and those little gadgets we use to make our lives easier may actually make our lives much harder. Improving Time…
Finding Your Critical Numbers
Business Planning Tools As a Business Coach, I have created and reviewed hundreds of annual business plans. I find many companies do a poor job of creating their business plans, which seriously diminishes their growth in revenue and profits. On the surface, these plans look like they have the right ingredients for success. However, a…
Goal Setting Matters
Many organizations set goals and fail to reach them. Others achieve some of their goals by accident. There are some leaders that question whether setting goals is a valuable exercise at all. You can even find much written on why goal-setting is a farce. Adam Galinsky, a professor at Northwestern University’s Kellogg School of Management…