Do I really need a WRITTEN business plan when my business changes all the time? That's a common question. The answer is YES, absolutely you need a written business
Do you know your most profitable goods or services you sell? Not just gross profit margin percentage, but real dollars going into the bank.
Are you a business owner or did you buy a job? You need to be clear about your intentions when you purchase or start a
The definition of culture is how your company thinks, acts, and interacts. The goal is to have passionate employees thinking, acting, and interacting in the best interest of the company.
How big would your company be if you still did business with every customer with whom you've ever done business? The answer is multiple times larger and more profitable than it is right
What is the strategic direction of your business? Is your strategic direction aligned with your current goals? A lot of businesses have short-term goals that are not in sync with the long-term strategy of their businesses.
All businesses focus on acquiring new customers to grow their sales year over year. If you have calculated the LTV of your customer, how do you know if acquiring a customer will be a profitable proposition?
Where are you spending most of your time? As Michael Gerber the best selling author of “The E-Myth Revisited” points out, if you own a business, you probably have three separate roles that you fulfill in this order: Technician, Manager
Unique Selling Proposition (USP) is what makes your product or service preferable to the competition's product or service. What makes your goods or services valuable enough to the customer that they are willing to be loyal to your brand or company and pay a premium for it? The answer starts with your customer:
How do you prioritize so your highest priority tasks are getting handled first, and not spend your highest energy time with lower
One of the biggest shortcomings of business owners is they don't measure the proper Key Performance Indicators (KPIs) for their business. KPIs are absolutely essential for success because they provide daily, objective feedback on your performance. Do you know your numbers every
The single most important factor in creating freedom of time is to systemize as many functions within your business as you can. Systemizing creates leverage and predictability. Leverage means getting more done with less effort and creating the ability to grow without increasing the number of people you
Garry Kishbaugh, CEO of Compass Business Coaching, a Cleveland based business, executive and leadership coaching firm, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business leaders worldwide. Garry Kishbaugh was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors. Read the Full Article
Learn effective strategies to growing your annual income with avoiding
If you’re a business owner or an executive, you’re probably already running a profitable company. But once you’ve achieved that level of success, how do you ensure you will continue down that path? As a professional, how do you continue to grow? Just as a football or basketball coach would assess strengths or identify slight adjustments needed in their players, a business coach does the same for professionals. A coach can propel you to move forward and break free of the things holding you back and the hurdles that might come in your way. As the business environment evolves, the insight and perspective provided by a business coach can help you make the adjustments you need to accelerate your personal and professional growth. We as individuals do not see ourselves like others see us, especially in the position like a business owner or executive. Often times we get caught up in the day-to-day grind that when something goes wrong, we only see that particular problem, preventing us from envisioning new possibilities. A business coach helps bring a new perspective that allows you to identify the root cause of an issue and address it accordingly. Business coaches are experts in their field, so with their experience and hands-on knowledge, they know what adjustments need to be taken to set your company up for even greater success. The principles of any wildly successful business are the sam