Category Archives: Business Building

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Small business owners are adding business coaches to their teams at records rates. Here are some of the reasons:

  1. Grow your business faster.
  2. Spend your time more efficiently.
  3. Gain an objective view of your business.
  4. Create a strategic
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Communicate more & boost your bottom line

Last week we talked about 10 symptoms of possible management problems. Now let’s look at what causes these problems.

Remember the old game of telephone you probably played as a kid? You start with a message, pass it around the room by whispering it in the next person’s ear and then laugh hysterically when the last person repeats what they heard and it sounds nothing like the original message.

Same thing happens in business – except it’s not so funny when the message gets distorted and you’re headed in one direction while half the team is headed in the

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You Might Have a Management Problem if …

In my experience, entrepreneurs tend to avoid pretty much anything they consider to be “corporate”. It is, after all, one of the reasons we start our own businesses – so we don’t have to follow a bunch of time wasting, unproductive rules; sit in hour after hour of boring, indecisive meetings; or plod through a boatload of “CYA” emails.

And thus it is a bit ironic that the bigger and more successful a business becomes, the harder it is to wrap our arms around the whole thing, and the more critical it is to have some structure.

You may have

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Do Business Owners Make the Best Investors?

With the boatload of really bad economic news coming from Wall Street, Main Street and Washington these days, one big question is: “what do I invest in now”. I think Umair Haque, writing for the Harvard Business Review blog, has the right answer:

“The “best” investment you can make isn’t gold. It’s the people you love, the dreams you have, and living a life that matters.”

Before you roll your eyes at something so warm and fuzzy, consider two things: 1) this is not an investment blog, so what did you expect, and 2) Umair’s article asks an interesting

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The Owner and the Victims

I am not a fan of victims. I’ve yet to meet a happy, active, successful victim; and those adjectives describe the people I prefer to hang around with.  I’ve gotten pretty good – if not exactly diplomatic – at ignoring victims’ “victimness” when I can’t banish them from my life.

My happy, active, successful clients more often than not come with a victim or two among their employees. These people, in their current form, hold the organization back. The higher their role in the company, the bigger (and badder) the effect.

For a business owner, it’s important to know who

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Money You Don't Need to Spend

This is another article in a series about finding profitable ideas and putting them into play. The series begins here.

In his book about starting and growing entrepreneurial businesses – Ready, Fire, Aim – Michael Masterson, self-made millionaire and best-selling author, reveals that 80% of entrepreneurs, in launching new businesses, spend their time, attention, energy and money on the wrong things. These include:

  • Setting up an office
  • Designing logos
  • Printing business cards
  • Filing forms
  • Writing contracts
  • Refining the product
  • I have counseled more than a few people who want to put the proverbial cart before the horse. I understand.

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