Sometimes, it’s crucial to recognize when enough is enough. Surprisingly, the next step or addition can bring you down from the peak and actually reverse your results. Therefore, it becomes imperative to have a mechanism in place to determine when that is happening. At ActionCOACH Guyana, we refer to it as “test and measure,” however […]
Persistent Streamlining Read More »
The phenomenon known as the sunk cost fallacy is rather amusing indeed. It entails an intriguing scenario where we find ourselves incessantly pouring money into a particular endeavor once we’ve initiated the expenditure. It matters not whether the situation is improving or deteriorating; we persist in our course of action. We retain employees solely due
The Sunk Cost Fallacy Read More »
As a business owner committed to your business’s growth, there is one vital skill you must master: transforming learning into personal growth. Recognize that your blind spots impose limitations on your business. Overcome them by acknowledging their existence and learning strategies to navigate around them. However, remember that the focus should not solely be on
All You Require is Mastery of a Singular Skill Read More »
Blind spots emerge precisely when you reach a point where they serve as valuable lessons. They manifest as challenges that hinder the smooth operation of your business, making you feel like you’re exerting effort rather than experiencing a natural flow. Ever wonder why certain issues persist? You may easily identify the problem, such as insufficient
At What Point Do Blind Spots Manifest? Read More »
If you have a family business with multiple family members involved and you have aspirations for a lasting legacy, it’s crucial to seek the guidance of an external advisor. Whether it’s a coach, a law firm, a financial planner, or even a trusted clergy member, having someone outside of the family who can observe and
Family Business Guide Read More »
There are instances where business owners or leaders take on roles based on proximity rather than skill. Proximity to a task or function often leads owners to assume those responsibilities, such as sales, without proper training or experience. Passion alone is not enough to excel in a specific role like sales. Repetitions and self-perception can
You’re Probably Not Best for the Job Read More »
Consider this. Training your people in core skills is not your strong suit. I’m not referring to basic tasks like answering the phone, but rather understanding how business works. However, establishing a common language and shared understanding of concepts will greatly simplify the management of your business, ensuring everyone is on the same page. If
When to Consider Outsourcing Training Read More »
Are you aware of the specific date when your business creation journey will reach completion? It is crucial to set a target date for reaching the halfway point or less, as well as deciding whether you want to sell or retain the business, and outlining the path to achieve those objectives. This path encompasses establishing
When Will Your Business be Finished Read More »
Seth Godin recently shared an insightful blog post called “Actionable Feedback” (look it up if you’re not subscribed). The main point: You have the power to reject feedback from individuals who offer no valuable or actionable insights. In fact, it’s advisable not to accept such feedback. When your team is focused on high ROI behaviors,
Embrace greater assertiveness Read More »
Take charge of your business’s destiny—strategic planning is your responsibility. Amateurs remain stagnant; it’s up to you to create the winning strategy. Pro Entrepreneurs thrive with strategic plans. Don’t settle for a side hustle—go pro and elevate your business. Without strategic planning, you lose your competitive edge. Winging it costs you money and leads to
GrowthCLUB – Strategy and Planning Read More »
