Seven key areas to focus on to increase profitability

Getting more of your ideal customers is key

Seven key areas to focus on to increase profitabilityJerry reached out to us because he wanted to get out of his business. The business, he said, was “too stressful,” and he “was tired of struggling.” During our discussions with Jerry, we discovered that while the business was doing several million dollars in sales, it was only marginally profitable. Jerry had to work extra…

Playing the game of business to win

Running a business is much like coaching a team

Playing the game of business to winAl Erricson was my basketball coach in 1982 – he’s learned a lot about coaching since then. If only Al knew then what he knows now, we might have won a game or two. What Al knows, and every business owner and manager should know, is that being successful is not all about skills. It…

How women can escape the Imposter Syndrome trap

Own your success, take your place at the table and power up your body language

How women can escape the Imposter Syndrome trapSandra was introduced to me as a highly successful business professional with exceptional leadership skills. She was being groomed for a top executive position and she sounded perfect for my favourite kind of coaching assignment: I love working with accomplished women who are looking to become even more effective. It should have come as a…

Student aspires to take principles of ethical leadership back to Afghanistan

After escaping from Afghanistan, Aftikhar Mominzada feels an obligation to create opportunities for others

Student aspires to take principles of ethical leadership back to AfghanistanIt was the worst case of bad timing. Aftikhar Mominzada was elated after graduating from the Aga Khan Academy in Hyderabad, India, in the spring of 2021. When he started the academy’s international baccalaureate program in middle school, it was the opportunity of a lifetime, freeing him from the parochial religious education he was likely to receive…

How to deal with insubordination among your staff

Do nothing? Fire the staff member? Throw in the towel and sell the business?

How to deal with insubordination among your staffGeorge has a small manufacturing plant he bought six months ago because it had good revenue and came with some real estate. However, he didn’t know much, if anything, about the industry. The previous owners kept everything in their heads and had very little documentation. George quickly realized that customer orders were being lost, there…

Are you affected by business traumatic stress disorder?

Many owners are traumatized by insistent bankers, creditors, suppliers and landlords

Are you affected by business traumatic stress disorder?Jim was visibly upset when he sat down for our coaching session. He told me that, the previous day, one of his staff had yelled at him during a meeting with his team members. He, too, lost his cool when the staff member “freaked out at him,” but he eventually walked away. This wasn’t the…

Seven things most business leaders and entrepreneurs fear

By understanding psychological barriers and working on them, we can achieve things thought impossible

Seven things most business leaders and entrepreneurs fear“One of the greatest discoveries a man makes, one of his great surprises, is to find he can do what he was afraid he couldn’t do.” – Henry Ford Take a look at most leaders and you’ll think that they have it all together. When they’re facing outward, many portray a sense of vision, assurance,…

How family businesses can weather generational shifts

The largest wealth transfer in history looms, and family-run businesses need to be ready

How family businesses can weather generational shiftsStories about bitter feuds in family businesses are everywhere these days. From HBO’s Succession and The Righteous Gemstones to the recent feature film House of Gucci to the true story of infighting at Rogers Communications, the popular imagination can’t seem to get enough of sibling rivalry and other forms of strife in business families. Our fascination with such conflict is hardly…

Do you know what motivates your people?

Treat them the way they wish to be treated

Do you know what motivates your people?Bill Toppeta, a former executive officer of MetLife, Inc., once told the Fordham Leadership Forum, “What you need to know as the leader is what motivates your people, not what motivates you.” To bring this philosophy into reality, here is the simple yet revealing exercise Toppeta used: He would distribute a questionnaire to managers and…

How to turn your next tradeshow appearance into $50,000

The key to success is to have a plan

How to turn your next tradeshow appearance into $50,000Tradeshows are coming back, and while many people are looking at reconnecting with people within their industry, it’s often difficult to identify whether there’s value in going to a tradeshow. Yes, there’s the relationship building, the new products and the parties. But have you ever wondered if it’s worth your while to show up in…
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