Do You Have A Coach In Your Corner?

   Business Coaching Article | Do You Have A Coach In Your Corner?

The role of the Business Coach is to coach business owners to improve their business through guidance, support, and encouragement. Business coaching helps business owners with their sales, marketing, management, team building, and so much more. Just like a sporting coach, your Business Coach will help you focus on the game. We assist in setting the goals, laying out the plan and holding them accountable to achieving the goals.

According to a survey conducted in 2010, coaching clients of the International Coach Federation showed that:
* 62.4% experienced improved goal-setting
* 60.5% reported more balanced life
* 57.1% reduced stress levels
* 52.4% had more self-confidence
* 43.3% felt coaching improved quality of life
* 25.7% reported an increase in income

A Business Coach is like a consultant, with years of successful experience that can provide valuable insight, help you develop long-term and short-term goals and strategies, as well as improve your business in areas that you might have overlooked. It’s simple it’s just not easy! Business owners and executives have to want it and they have to be coach-able. We can’t change the business itself unless we change the behaviour of the owner. The formula we use is BE X DO = HAVE. We hold them accountable to do the things they know they need to do to improve the results in their business…
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Source…ActionCOACH.com

In the Red or Black? Actual Costs and Setting Budgets Can Make the Difference

In the Red or Black? Actual Costs and Set Budgets Can Make the Difference

Let’s get started with Actual Costs and Set Budgets. It’s really amazing how many businesses have no idea what their actual costs are. Some who believe they know their costs usually only now the obvious ones like salaries, rent, materials or stock on hand.But there are a lot more costs that go into running your business and the basics are only the tip of the iceberg. If you were to sit down and think about it, you’d soon realize that many of your costs are never actually measured or evaluated. How can you reduce them if you don’t know what they are at present? You’ve got to take the time to find out what your actual costs are. Spend a week checking in your business, absolutely everything. If you don’t have the time or patience, hire someone to do it for you, it’ll be well worth your while. Once you know what all your costs are, you can call around and get quotes from different suppliers for the things you spend money on regularly. You might be surprised at how much you’re wasting. And any savings here directly affects your profit.Once you’ve gone through this process, you need to think about setting monthly expenditure budgets. By setting monthly budgets and sticking to them, you can ensure you’re never in the position where you have more money going out than you have coming in. But don’t forget to let everyone involved in your company know what your budgets are because they can only stick to them if they know what the limits are and stress that these, budgets are never to be broken. If your company is like a lot of companies around the world, this little exercise will be a real awakening for you. You can begin to uncover a lot of things that need tightening within your business and add those resources directly to your bottom line.

via In the Red or Black? Actual Costs and Set Budgets Can Make the Difference by bradsugars