There is a myth that entrepreneurs are born that way, just like there is a myth that talented sports people are born with a superstar gene. When we watched Usain Bolt run, it was easy to say that he won because he was born with the attributes that make a world class sprinter. Well, the reality was very different. In fact, Usain’s training regime was incredibly tough, and although he possessed some useful physical attributes for a top class sprinter, it was his commitment and discipline at putting in the training that made him so special.
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Most businesses never actually make it to the point where they can be sold for a decent price. The main reason for this is that the owner didn’t set out to build a business to sell; when they started the business, they just wanted an income to replace the salary they earned when they had a job. Read the rest of this entry »
In all sports, keeping track of your score in comparison to a predetermined expectation is vital if you want to improve your game. Golfers have a handicap system while most athletes have personal bests and records to measure themselves against.
When it comes to marketing, like most things in life, if you fail to plan, you plan to fail. Yet still I come across businesses owners from both large and small businesses who look at me blankly when I ask, “What is your marketing strategy, and do you have a marketing plan?” Given the importance of marketing to most businesses, I find this frankly amazing. Read the rest of this entry »
The chances are, when you first started your business, you were very passionate about it. Everything was new and exciting, and at last you had a way for you to make your mark on the world, to do things your way, to set new standards, to bring something new to the market, to help more people – in short, you were in love with your business and the opportunities it promised for you. Read the rest of this entry »
Many business owners I meet have the same wish:
“ If only I had a few more hours each day to get things done!”
The reality is that there’s only ever going to be 24 hours in a day and frankly, if you are working for more than 50 hours per week, some part of your life is going to be suffering, whether it be your health, family, fitness or enjoyment Read the rest of this entry »
That well-known phrase “The customer is always right” was originally coined in 1909 by Harry Gordon Selfridge, the founder of Selfridge’s department store in London. It’s a principle that many businesses try to adhere to, as it lets their customers know that they are always going to get good service. Read the rest of this entry »
Growing your workforce can be one of the most challenging aspects of running a business, and to be honest, I see more business owners who have got it wrong than have got it right. In fact, many business owners have stopped growing their teams altogether, because they have made so many mistakes with recruitment which have cost them so much time, money and effort that they cannot face going through the process again. Read the rest of this entry »
Many businesses out there, no matter what size they are, how long they’ve been trading or what sector they are in, are not achieving the success they could, because their teams are not performing to their full potential. This is no different to what happens in sporting teams. Just look at the England Football team in the Euro 2016 competition, and in fact in many other championships they have played in. There is so much potential out on the field, yet the performance that is delivered is woefully below our expectations. Read the rest of this entry »
As a business owner, the task of managing a team can completely take over your week – dealing with day to day issues and niggles can drain your time, affect productivity and efficiency, and leave everyone feeling like they are constantly firefighting. Read the rest of this entry »