Visualizing Business Success vs. Self Sabotage

“You aren’t good enough!”

“That’s a terrible idea!”

“This job is too hard for you!”

“You will never succeed!”

Ever hear this these words while you are trying to succeed in your business? It’s a hard thing to hear from another person; now, imagine how hard it is hearing these words in your own head! What is this? Why do we do this? Where do these thoughts come from? Are you crazy? These seemingly involuntary thoughts are part of self-sabotaging behavior. Self-sabotage is when we hold ourselves back or prevent ourselves from achieving our goals and objectives. Don’t worry; you aren’t crazy. It is a common phenomenon. It doesn’t always come in the form of negative thoughts.

Continue reading

 

Why Should You Seek Out A Business Coach?

The idea of a business coach is a relatively new one. Even 30 years ago, there might have been some people acting in the role, but the concept of a business coach had yet to be really developed. Now, business coaches have become an integral part of the business world. Each year, individuals, businesses, and organizations reach out to more and more business coaches to help them succeed and thrive in their chosen fields. Continue reading

 

The Difference Between Business Coaching and Management Consulting

When you make the decision as a business owner to seek out help in order to move your business forward, it is common to wonder what the best type of help might be. You’ve most likely heard of different business coaching tools, of executive team coaching and management consulting, but how can you be sure what you get with each of those options and which one is the right option to help you meet your unique growth and development goals. Continue reading

 

What a Business Coach Can Do For You

What if I asked you to give me all your life savings so I could put it in a “sure-fire” investment? Would you do it? Or would you ask for an opinion first? How about if you had a complicated tax dispute with the government? Would you rely on your tax knowledge? Or would you speak with an accountant? Now imagine you have a leaky pipe in your house. You have the tools; do you fix it yourself? Or get advice from a plumber? The point is: sometimes a little help will go a long way. Entrepreneurs have a fierce independent streak that drives their “Do-It-Yourself” attitude; it is what makes them want to start a business and be their own boss. But, like any craft, discipline, or sport, running your own business is an art that can be greatly benefitted by a little guidance and support. That’s where a business coach can help. Rather than a boss, a business coach is a beacon that can help navigate you through the often rocky waters of business ownership. Some might think that they don’t need a business coach. Let’s flip that viewpoint around and take a look at the benefits of a business coach: Continue reading

 

How to Prevent Entrepreneurial Burnout

Experiencing burnout is not unique to entrepreneurs; there is a higher chance that you will experience a burnout if you are running your own business. Why? Being an entrepreneur requires you to be involved and responsible for just about every aspect of your business and that is a heavy load to bear. In addition, most entrepreneurs don’t equip themselves with the tools to prevent burnout – having the support of a business coach or completing succession planning are just two solutions that can help avoid entrepreneurial burnout. Continue reading

 

How To Grow Your Profitability

What have you done to grow the profitability of your business this week? How about this month? Year? If you can’t answer that question in under 10 seconds, then you haven’t done enough. Or maybe nothing at all. Now, ask yourself why this is the case. Are you complacent? Do you have a limited scope? Maybe you don’t want to risk the cost? Are you happy with your profit margin? Maybe you are overwhelmed and unsure how to grow your business. Whatever the reason, it is time to change and look at how you can grow your business and its profitability. After all, if you don’t want to increase your profit, then why are you even in business? Continue reading

 

Using The 80/20 Rule To Grow Your Business

If you haven’t heard of the 80/20 rule as it applies to business, you’re missing out on something that could greatly influence the way you run your business and how you achieve success.  The 80/20 rule, also known as the Pareto Principle, is rooted in economics. However, the principle’s governing message that drives results comes from the knowledge that things aren’t distributed evenly. This simple, yet important, message can have a profound impact on business plans and operational strategy development.

Even if you had no idea where the theory came from, the saying “80% of the work is done by 20% of the people” is a common phrased used in business.  While it is important to note that the distribution is not always 80/20, the notion that uneven distribution can play such a part in success and growth is extremely valuable. Continue reading

 

A Balancing Act – Work-Life

We all want to succeed in our professional life. Many will enjoy the monetary rewards, but others like the admiration and respect they feel at work. Still others have a strong work ethic and feel it is important to give all you can to any job you do. Everyone has their own motivations for working hard; however, what is the cost? At what point does our professional life overtake our personal life? How do we strike that ideal work-life balance?

In Japan, death as a result of overwork has become so common that they have a word for it – karoshi. Things are not that bad in Canada, but not having a good work-life balance can negatively affect you in a number of ways: Continue reading

 

4 Tips for Overcoming Time Management Problems

With today’s world moving at a 24/7 pace, managing your time efficiently is of critical importance. Everyone has a long list of tasks and responsibilities to handle, but how you handle them can make a big difference between being productive or simply feeling frustrated and burnt out.

Executives and top entrepreneurs all over the world are counselled on effective time management strategies as part of their leadership development. Smart companies know that in order to create winning teams, you need productive and organized people who know how to use their time wisely. Whether you use a peer advisory group to keep yourself on track, take some leadership courses or dedicate time to create a time management system that works for you, you need something enables you be in control of your time. Continue reading

 

Coaching vs. Mentoring

What if you needed a hammer, but someone gave you a screwdriver? How about if you asked for a calculator and were given a pencil sharpener? It wouldn’t be much help. That isn’t to say that all tools don’t have their place; every tool has the right job at the right time. But, if you are given the wrong tool at the wrong time, you won’t be able to move ahead in your work. You need the right tools. This kind of confusion often takes place when people speak of mentoring and coaching. Many people even use the terms interchangeably. Even though the roles made look similar aesthetically, they are very different. It is important to distinguish the roles as a need for a coach is different than the need for a mentor. Let’s take a look at the differences: Continue reading