There is a significant body of research on how individuals’ aversion to risk contrasts with their pursuit of gain. This research indicates that people are between 150% to 200% more afraid of losing something than they are attracted to the potential for gain. Let’s extend this concept further. The fear of stepping out of what […]
Embrace Change: Overcoming Fear to Unlock Business Potential Read More »
Running a business of any size necessitates having a defined “way” of doing things. Without it, your operations can quickly devolve into chaos. Imagine using the same terminology for both your offense and defense and expecting them to perform flawlessly – one side would undoubtedly falter. Similarly, instructing one team to celebrate Christmas and another
Establishing Your Business’s “Way” – The Path to Clarity and Success Read More »
Did you know that the cost of replacing an employee can range from 50% to a staggering 750% of that employee’s annual salary? This isn’t just about the obvious expenses like training new hires and the inevitable mistakes they’ll make as they learn the ropes. There are deeper, more insidious costs involved as well. One
The Hidden Costs of Employee Turnover: Why Investing in Your Team is Crucial Read More »
After a period of perturbation, you often feel a newfound sense of freedom. This feeling, though temporary, can be incredibly empowering. You may soon encounter your next limiting belief, restarting the cycle of perturbation. However, in the interim, you’ll likely experience rapid growth and find tasks that once seemed daunting become manageable and even enjoyable.
Embracing Freedom After Perturbation Read More »
In the game of business, the mental component is as critical as any strategic move you make. Your thoughts and self-talk significantly impact your success, challenges, growth, and failures. Common hurdles like imposter syndrome, self-sabotage, and limiting money beliefs can either propel you forward or hold you back. Every entrepreneur grapples with questions like, “Who
Mastering the Mental Game of Business Read More »
“The people most likely to sign up for coaching or additional learning are the folks who are already good at their craft.” — Seth Godin At ActionCOACH, we uphold a fundamental belief: the only true failure is the failure to participate. This mindset is captured in one of our core principles: “Give 100% and you’ll
Embrace the Journey: The Power of Active Participation in Learning Read More »
I’ve come to understand that businesses, much like individuals, develop distinct identities as they grow and evolve. This realization is akin to witnessing a child entering their teenage years – a period marked by a desire to stretch wings and forge an independent path. As your business reaches this stage, it begins to seek its
Navigating Your Business Through Its Teen Years Read More »
As you grow, you will need to prepare new executives (including a new CEO) and get involved in more companies in some form (if you choose to do so). This role is referred to as a fractional executive. In short, a fractional executive is an experienced C-suite executive — CEO, CFO, CIO, COO, CSO, CTO,
Fractional Executives Read More »
I’ve often emphasized that both selling and buying are driven by emotions—80% to be precise. However, running a business is a different ball game entirely; it’s driven by logic, 100%. This fundamental difference between the two skill sets explains why many business owners struggle to juggle both roles of CEO and Sales Manager effectively. It’s
Balancing Emotion and Logic: The CEO’s Perspective Read More »
As CEO, it’s crucial to understand the distinct roles within the hierarchical setup of a business. This clarity can lead to significant success and prevent common mistakes. Here’s a breakdown of the business structure and the importance of wearing the right hat at the right time. 1. The Owner’s Perspective At the top of the
The Hierarchy of Business Success: Understanding Your Role Read More »
