<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Brad Sugars&#039; Blog</title>
	<atom:link href="http://bradsugarsblog.com/feed/" rel="self" type="application/rss+xml" />
	<link>http://bradsugarsblog.com</link>
	<description>Brads Web Log</description>
	<lastBuildDate>Tue, 03 Jan 2012 21:34:01 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.9.2</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>Why Executives Hire Executive Coaches</title>
		<link>http://bradsugarsblog.com/why-executives-hire-executive-coaches/</link>
		<comments>http://bradsugarsblog.com/why-executives-hire-executive-coaches/#comments</comments>
		<pubDate>Tue, 03 Jan 2012 21:33:51 +0000</pubDate>
		<dc:creator>stevezog</dc:creator>
				<category><![CDATA[Brad Sugars' Blogs]]></category>
		<category><![CDATA[ActionCOACH]]></category>
		<category><![CDATA[Brad Sugars]]></category>
		<category><![CDATA[Business Coaching]]></category>
		<category><![CDATA[coach]]></category>
		<category><![CDATA[Executive Coaching]]></category>

		<guid isPermaLink="false">http://bradsugarsblog.com/?p=1264</guid>
		<description><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-executive-coach.jpeg"><img class="alignleft size-full wp-image-1265" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-executive-coach" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-executive-coach.jpeg" alt="" width="240" height="160" /></a>If you are a successful executive, you may have been approached by your team or an outside consultancy about the possibility of being coached by an <a href="http://exec.actioncoach.com/">Executive Coach</a>.</p>
<p>But why would you consider hiring a coach if you were already successful and delivering high performance results? Why would you hire a coach if you were already making lots of money and are moving towards an upward climb or if you had a track record of success, or if you had an important and prestigious title, or if hundreds (or thousands) of people reported to you? Why would you hire one if people have told you for most of your career that you are doing a great job or if your employees counted on you to set direction for them?</p>
<p><a href="http://bradsugarsblog.com/why-executives-hire-executive-coaches/" class="more-link">Read more on Why Executives Hire Executive Coaches...</a></p>
<p><a class="a2a_dd addtoany_share_save" href="http://www.addtoany.com/share_save?linkurl=http%3A%2F%2Fbradsugarsblog.com%2Fwhy-executives-hire-executive-coaches%2F&#38;linkname=Why%20Executives%20Hire%20Executive%20Coaches"><img src="http://bradsugarsblog.com/wp-content/plugins/add-to-any/share_save_171_16.png" width="171" height="16" alt="Share/Bookmark"/></a> </p>]]></description>
			<content:encoded><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-executive-coach.jpeg"><img class="alignleft size-full wp-image-1265" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-executive-coach" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-executive-coach.jpeg" alt="" width="240" height="160" /></a>If you are a successful executive, you may have been approached by your team or an outside consultancy about the possibility of being coached by an <a href="http://exec.actioncoach.com/">Executive Coach</a>.</p>
<p>But why would you consider hiring a coach if you were already successful and delivering high performance results? Why would you hire a coach if you were already making lots of money and are moving towards an upward climb or if you had a track record of success, or if you had an important and prestigious title, or if hundreds (or thousands) of people reported to you? Why would you hire one if people have told you for most of your career that you are doing a great job or if your employees counted on you to set direction for them?</p>
<p>You probably don't think you need any help if you could answer "yes" to the above questions. In fact, nine out of ten executives say "No, thank you" to executive coaching, and the tenth will generally say they don't need executive coaching, but many of their direct reports do.</p>
<p>Despite the above, many executives have coaches, and report that their <a href="http://www.actioncoach.com/Business-Coaching-Programs">coaching experience</a> is extremely valuable, even one of the most valuable experiences of their career.</p>
<p>Therefore, it is important to understand your own perspective and situation and why it would benefit you to hire a coach to improve and accelerate your own level of performance. Basically, there are two bottom line reasons why executives seek out and are willing to have a coach, and be coached to greater success:</p>
<p>1. <a href="http://www.actioncoach.com/business-coach">The coach</a> helps you get significant results, solve a pressing challenge, and/or take advantage of a major opportunity.</p>
<p>2. The coach is credible, engaging, and has the depth of knowledge and experience to become a trusted advisor.</p>
<p>In other words, executives hire a coach because an effective Executive Coach can help you solve the challenges you face every day, and ultimately because you want to - and are willing - to work with a coach.</p>
<p>Because you are already a highly-effective leader in a position with significant responsibility, being able to leverage areas of constraint or need in a short and measurable period of time is critical for coaching success.</p>
<p>That's why coaching has become a trusted process for leveraging performance: processes and standards are set and benchmarks and agreed upon metrics must be met, or else you and the coach see the process as a failure</p>
]]></content:encoded>
			<wfw:commentRss>http://bradsugarsblog.com/why-executives-hire-executive-coaches/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Attracting High Caliber People</title>
		<link>http://bradsugarsblog.com/attracting-high-caliber-people/</link>
		<comments>http://bradsugarsblog.com/attracting-high-caliber-people/#comments</comments>
		<pubDate>Sun, 01 Jan 2012 21:41:44 +0000</pubDate>
		<dc:creator>stevezog</dc:creator>
				<category><![CDATA[Brad Sugars' Blogs]]></category>
		<category><![CDATA[ActionCOACH]]></category>
		<category><![CDATA[attracting high calibre people]]></category>
		<category><![CDATA[Brad Sugars]]></category>
		<category><![CDATA[mission]]></category>
		<category><![CDATA[points of culture]]></category>
		<category><![CDATA[Team Building]]></category>
		<category><![CDATA[Vision]]></category>

		<guid isPermaLink="false">http://bradsugarsblog.com/?p=1245</guid>
		<description><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-leadership.jpeg"><img class="alignleft size-full wp-image-1246" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-leadership" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-leadership.jpeg" alt="" width="225" height="225" /></a>I REMEMBER WHEN I was 21 running one of my first companies and I stood there complaining to my Dad about how hard it was to get good people.</p>
<p>His answer totally floored me. And, if you’ve ever said or even thought something similar I bet it gets your mind racing as well. He bluntly said, “You get the people you deserve.”</p>
<p><a href="http://bradsugarsblog.com/attracting-high-caliber-people/" class="more-link">Read more on Attracting High Caliber People...</a></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-leadership.jpeg"><img class="alignleft size-full wp-image-1246" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-leadership" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-leadership.jpeg" alt="" width="225" height="225" /></a>I REMEMBER WHEN I was 21 running one of my first companies and I stood there complaining to my Dad about how hard it was to get good people.</p>
<p>His answer totally floored me. And, if you’ve ever said or even thought something similar I bet it gets your mind racing as well. He bluntly said, “You get the people you deserve.”</p>
<p>Now, given he’s extremely blunt, that’s all he said, no explanation, no nothing. I was furious, “what do you mean?” I thought, I deserve better than these people who aren’t motivated. I deserve more than two people calling when I run an ad. I deserve more and better. I was mad.</p>
<p>It took me a few hours to calm down and then give some serious hard thought to what he had shown me. Finally I did work it out. I almost came to agreement with him, well almost. You can’t admit your Dad is right when you’re 21.</p>
<p>It took me a few years to really master getting good people… so, here’s what I think he was trying to show me.</p>
<p>If you run a great company, you get great people. If you are a great leader, you attract great people. And vice versa, run a bad operation and you attract bad people. I’ve seen this in good times and bad, when there are lots of people to employ, and even now when it seems like there are none.</p>
<p>A word of warning first: building a great team of people is not for the faint of heart. If you recruit great people, you will have to be ready for growth, ready to really perform, they will push you as hard as you push them.</p>
<p>Here’s the top seven points I’ve learnt over the years on how to attract great people to work in your company.</p>
<p><a href="http://www.actioncoach.com/vision_and_mission"><strong>1. Have a solid vision or goal for your company.</strong></a> Great people are attracted when they get to join a company that is going somewhere. You need to have a group of people shooting for a goal, rather than just coming to work for a simple pay packet.</p>
<p><strong>2. Be a strong leader.</strong> Again, great employees are looking for a mentor, someone they can learn from and with. Someone who will help them grow and succeed in their work and their life. Every great team at one point had a great leader to build the team.</p>
<p><strong>3. Build a winning culture.</strong> Call it a culture, or as I do, your rules of the game, either way you need to put in writing just how you expect people will behave when they are a part of your team. Think of it this way: it doesn’t matter where the fruit is in the bowl, as long as it’s in the bowl. Great people want to know what the boundaries are, but they also want the freedom to perform inside those boundaries. <a href="http://www.actioncoach.com/14-points-culture">I sat down and wrote my culture statement many years ago for ActionCOACH (you can see it on my website)</a> and it’s really helped us select great people and have average people decide not to join us.</p>
<p><strong>4. Start with the end in mind. </strong>You’ve got to get clear on who it is you are after and what you want them to do. Making a list of their job requirements or complete position description is just the start. It’s more important to decide what personality profile or behavioural style would fit the position and your team.</p>
<p><strong>5. De-select rather than select new recruits.</strong> I have now for many years run group interviews and picked the top 10 or 20 candidates to come to an information evening about the position, showing them the company’s history, its future and our culture statement. This makes people choose to leave or really choose to stay. I make it hard for people to get the job so people take themselves out of the running, making my job easier. (<a href="http://www.actioncoach.com/Brad-Sugars-Books">My book Instant Team Building goes into serious detail on this.</a>)</p>
<p><strong>6. Rewards and recognition outweigh remuneration</strong>. Great people will work for money, but they perform for recognition and rewards. It could be as simple as a thank you, or as complex as a team reward structure. Either way, yes, you have to pay a little more (generally on bonuses) to great people, but personal recognition goes even further.</p>
<p><strong>7. The domino effect.</strong> Hire one great person and they attract another. It’s a culture that you build. A great team attracts more great team members; look at any sport: people want to join winners. So, whether your company has one person or 100, a great team starts with you as the leader.</p>
<p><a href="http://www.mybusiness.com.au/"><em>Article reprinted courtesy of My Business Magazine</em></a></p>
]]></content:encoded>
			<wfw:commentRss>http://bradsugarsblog.com/attracting-high-caliber-people/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>If You’re Treading Water, You’re Drowning</title>
		<link>http://bradsugarsblog.com/if-you%e2%80%99re-treading-water-you%e2%80%99re-drowning/</link>
		<comments>http://bradsugarsblog.com/if-you%e2%80%99re-treading-water-you%e2%80%99re-drowning/#comments</comments>
		<pubDate>Thu, 29 Dec 2011 22:06:13 +0000</pubDate>
		<dc:creator>stevezog</dc:creator>
				<category><![CDATA[Brad Sugars' Blogs]]></category>
		<category><![CDATA[ActionCOACH]]></category>
		<category><![CDATA[Brad Sugars]]></category>
		<category><![CDATA[business growth]]></category>
		<category><![CDATA[happy customers]]></category>
		<category><![CDATA[profits]]></category>

		<guid isPermaLink="false">http://bradsugarsblog.com/?p=1248</guid>
		<description><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-treading-water.jpeg"><img class="alignleft size-full wp-image-1249" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-treading-water" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-treading-water.jpeg" alt="" width="300" height="168" /></a>IT’S THE PLIGHT of many a business, sales are steady, things seem good but over time there is a case of the disappearing profits. It’s enough to drive you nuts.</p>
<p>Why does a company that is going well, keeping its best customers happy, and retaining good employees seem to be going slowly under?</p>
<p><a href="http://bradsugarsblog.com/if-you%e2%80%99re-treading-water-you%e2%80%99re-drowning/" class="more-link">Read more on If You’re Treading Water, You’re Drowning...</a></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-treading-water.jpeg"><img class="alignleft size-full wp-image-1249" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-treading-water" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-treading-water.jpeg" alt="" width="300" height="168" /></a>IT’S THE PLIGHT of many a business, sales are steady, things seem good but over time there is a case of the disappearing profits. It’s enough to drive you nuts.</p>
<p>Why does a company that is going well, keeping its best customers happy, and retaining good employees seem to be going slowly under?</p>
<p>It’s pretty simple actually.</p>
<p>Retaining customers without increasing prices, keeping employees who get pay rises, staying with suppliers even though prices may rise 1% or 2%. It all adds up, and your profits magically fade into thin air…</p>
<p>So, what can you do about it? Well, there are solutions and to be blunt, one very important solution… <a href="http://www.actioncoach.com/grow-your-business">focus on growth</a>.</p>
<p>In business as in life, you’re either growing or you’re dying. Take a look at your garden, the trees can’t stop growing, or they wither and die. You have to think of your business in the same light – growth or death. And given that death is probably not a viable option, let’s go for growth.</p>
<p>So, how do you ensure you’re always in growth mode?</p>
<p>Before we get to the top nine ways to keep growing, remember that it doesn’t just have to be sales growth; it can be growth in many areas of your business…</p>
<p>• Top line revenues growth – always a favourite, getting more sales and revenues flowing makes cashflow positive and really gets the team fired up.</p>
<p>• Bottom line profits growth – my personal area of passion, getting more dollars in the top line doesn’t seem as much fun if there isn’t more left over for the owners.</p>
<p>• Product or service lines growth – often seems harder than it really is…</p>
<p>• Team or staff growth – so often new people bring new ideas and new business to handle growth in other areas…</p>
<p>• Geographic growth – opening new territories again leads to other growth…</p>
<p>• Other growth – so many other areas that you can open yourself up to… Whatever the growth focus you have, remember the simple story of the tree, either growth or deterioration. So, my top nine strategies for immediate growth in companies I start coaching…</p>
<p><strong>1. Raise your prices</strong> – Simply put, if you haven’t done it in the past year, you need to. Most business owners are scared stiff of moving prices, but the reality is, very few customers ever complain or even notice a 10% shift. The ones who complain are already complaining about your prices. Just test it on a certain range if you don’t believe me.</p>
<p><strong>2. Add on sell or package</strong> – You never get to leave McDonalds without the obligatory ‘would you like fries with that?’ Learn from their systems, what can you add on, or how can you package your services and products together to get people buying more every time they do business with you?</p>
<p><strong>3. Debt collection</strong> – I know it’s not really growth, but too many companies have no debt collection system in place. Make the letters, calls and emails happen on a set schedule so people know to pay on time.</p>
<p><a href="http://www.actioncoach.com/Newsletters"><strong>4. Newsletter</strong></a> – Just a simple monthly few quality pages is where it can start and eventually turn into a masterpiece. People love to know how to buy from you again and again, teach them what’s happening right now so they stay in touch and see you often, even when they are not in your store.</p>
<p><strong>5. Entire range</strong> – You’ll be amazed how many times a business owners hears,“Oh, I didn’t know you did that,” from their customers. Make sure you have a marketing piece or strategy to keep every customer or potential customer on your database (yes you need a database of every customer) aware of everything you do or sell.</p>
<p><strong>6. Sales training</strong> – Probably the biggest area of growth potential for any company with a salesperson or two. Doctors, sports stars and almost every other profession needs constant training, so too do salespeople; keep them learning and closing more and more deals.</p>
<p><strong>7. Referrals</strong> – Most companies make it so hard to refer people, how can you make it simple?</p>
<p><strong>8. Test and measure</strong> – you cannot manage what you do not measure. You’ve got to know your numbers, everything from how many new leads you got today down to your break-even numbers. Learn your numbers and you’ll be far more in control and far more profitable.</p>
<p><strong>9. Follow up your prospects</strong> – every time I go shopping, it blows me away how many companies never ask for my details, never call me back, never send me anything. You think that is too pushy, you’re right, but the so called ‘pushy’ companies are the ones getting the clients.</p>
<p>No matter what, put growth on your agenda. Set new goals, sales targets and challenge yourself and your team. Ask big questions and the chances are you’ll get big answers.<br />
<em><br />
<a href="http://www.mybusiness.com.au/">Article reprinted courtesy of My Business Magazine</a></em></p>
]]></content:encoded>
			<wfw:commentRss>http://bradsugarsblog.com/if-you%e2%80%99re-treading-water-you%e2%80%99re-drowning/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Raise Your Prices, Don’t Lower Your Profits</title>
		<link>http://bradsugarsblog.com/raise-your-prices-don%e2%80%99t-lower-your-profits/</link>
		<comments>http://bradsugarsblog.com/raise-your-prices-don%e2%80%99t-lower-your-profits/#comments</comments>
		<pubDate>Mon, 26 Dec 2011 21:14:02 +0000</pubDate>
		<dc:creator>stevezog</dc:creator>
				<category><![CDATA[Brad Sugars' Blogs]]></category>
		<category><![CDATA[ActionCOACH]]></category>
		<category><![CDATA[Brad Sugars]]></category>
		<category><![CDATA[discount]]></category>
		<category><![CDATA[happy customer]]></category>
		<category><![CDATA[raving fan]]></category>
		<category><![CDATA[value]]></category>

		<guid isPermaLink="false">http://bradsugarsblog.com/?p=1240</guid>
		<description><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-discount-versus-value.jpeg"><img class="alignleft size-full wp-image-1241" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-discount-versus-value" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-discount-versus-value.jpeg" alt="" width="259" height="194" /></a>YOU CAN SEE IT NOW, another sale sign out front of a retail store. For some strange reason people believe that dropping their prices will make them more money. It’s crazy … clear more stock yes, get you a job yes, build revenue yes, but make you more PROFIT … absolutely not.</p>
<p><a href="http://bradsugarsblog.com/raise-your-prices-don%e2%80%99t-lower-your-profits/" class="more-link">Read more on Raise Your Prices, Don’t Lower Your Profits...</a></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-discount-versus-value.jpeg"><img class="alignleft size-full wp-image-1241" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-discount-versus-value" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-discount-versus-value.jpeg" alt="" width="259" height="194" /></a>YOU CAN SEE IT NOW, another sale sign out front of a retail store. For some strange reason people believe that dropping their prices will make them more money. It’s crazy … clear more stock yes, get you a job yes, build revenue yes, but make you more PROFIT … absolutely not.</p>
<p>Dropping your prices is the fastest way to put yourself out of business. Let me explain why I say the opposite, “<a href="http://www.actioncoach.com/Stop-Discounting,-Add-Value-and-Give-Away-Perceived-Value?pressid=63">stop discounting and put up your prices</a>”.</p>
<p>First, you as the owner are by far the most wrapped up in your prices, you probably even answer the phone by telling people the price and they say, ‘I’ll call you back’.</p>
<p>Trust me, people do ask for the price but that doesn’t make them a price shopper. How you answer them will turn them into either a price shopper or a <a href="http://www.actioncoach.com/Creating-Raving-Fans---Defining-Customer-Value?pressid=1249">good long-term customer</a>.</p>
<p>Here’s what I want you to do instead. When they ask, for example, ‘How much for a set of tires?,’ you respond with a simple line, it’s the magic line for turning price shoppers into great customers in every business.</p>
<p>“Thanks for your call, just so I can help you best, would it be OK if I asked you a couple of questions?” Then, guess what? You ask questions that focus on needs and value, rather than price.</p>
<p>In the tire example, ask about driving style, about whether kids ride in the car and so on.</p>
<p>Next reason for putting prices up rather than discounting: right now most business owners focus on the 5% to 20% of customers who complain about their prices. You’ve got to forget them and focus on the other 80 to 95% of your business, where price is NOT the central issue. One issue yes, but not the central issue.</p>
<p>Imagine this, if you went out to buy a new iron, do you assume the cheaper one is better than the most expensive?</p>
<p>NO, the more expensive it is the better it is in the mind of the customer. Now, you had better deliver to back up your prices, but get this clear, people don’t want the cheapest, they want the best value.</p>
<p>Next point, every time you attract a new customer with a sale price, what sort of customer do you attract? One that has no loyalty to you and your business, and one that will be drawn away from you with another cheap offer.</p>
<p>If you want to remain in business long term you have to make profit. If you want to make profit you have to raise your prices.</p>
<p>I’ll bet that if you raise prices by 10% on the 80% of your products or services that are the slowest moving (leave the high volume stuff where it is for now), more than 80% of your customers won’t, even notice. And where does that 10% go?</p>
<p>Straight to your bottom line.</p>
<p>Start using the magic sales line, start asking people questions that focus on value rather than price and you will win far more business at a far higher profit.</p>
<p>If you have to offer a special deal, don’t take CASH off the price, throw something in. Look at it this way, if you gave someone a 10% discount on a $200 bill, that’s $20 cash you lost out on.</p>
<p>What if you gave them a product or service valued at $20, what would be your cost in cash terms then? That’s right, less than the $20… Give away value NOT cash…</p>
<p>One last thing to do for this month: start to measure your conversion rate.</p>
<p>That is the percentage of people who enquire (walk into your shop, call your office etc) who actually buy. I remember one of my clients who, just by measuring his conversion rate, increased sales by 28%.</p>
<p><a href="http://www.mybusiness.com.au/"><em>Article reprinted courtesy of My Business Magazine</em></a></p>
]]></content:encoded>
			<wfw:commentRss>http://bradsugarsblog.com/raise-your-prices-don%e2%80%99t-lower-your-profits/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>It’s Not Enough to Know “How To”</title>
		<link>http://bradsugarsblog.com/it%e2%80%99s-not-enough-to-know-%e2%80%9chow-to%e2%80%9d/</link>
		<comments>http://bradsugarsblog.com/it%e2%80%99s-not-enough-to-know-%e2%80%9chow-to%e2%80%9d/#comments</comments>
		<pubDate>Fri, 23 Dec 2011 19:10:03 +0000</pubDate>
		<dc:creator>stevezog</dc:creator>
				<category><![CDATA[Brad Sugars' Blogs]]></category>
		<category><![CDATA[ActionCOACH]]></category>
		<category><![CDATA[Brad Sugars]]></category>
		<category><![CDATA[business lesson]]></category>
		<category><![CDATA[grow your business]]></category>
		<category><![CDATA[how to]]></category>
		<category><![CDATA[motivation]]></category>
		<category><![CDATA[profits]]></category>
		<category><![CDATA[Strategies]]></category>

		<guid isPermaLink="false">http://bradsugarsblog.com/?p=1235</guid>
		<description><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-how-to-know.jpeg"><img class="alignleft size-full wp-image-1236" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-how-to-know" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-how-to-know.jpeg" alt="" width="268" height="188" /></a>WHY IS IT that so many overweight people who really don’t want to lose weight buy weight loss books?</p>
<p>In a minute I’ll give you the answer, but first let’s get the <a href="http://www.actioncoach.com/Business-Lessons-from-the-Orchestra?pressid=1126">business lesson</a>. Last month I had a young business owner ask me at the end of a seminar all about how to <a href="http://www.actioncoach.com/grow-your-business">grow his small business</a>.</p>
<p><a href="http://bradsugarsblog.com/it%e2%80%99s-not-enough-to-know-%e2%80%9chow-to%e2%80%9d/" class="more-link">Read more on It’s Not Enough to Know “How To”...</a></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-how-to-know.jpeg"><img class="alignleft size-full wp-image-1236" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-how-to-know" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-how-to-know.jpeg" alt="" width="268" height="188" /></a>WHY IS IT that so many overweight people who really don’t want to lose weight buy weight loss books?</p>
<p>In a minute I’ll give you the answer, but first let’s get the <a href="http://www.actioncoach.com/Business-Lessons-from-the-Orchestra?pressid=1126">business lesson</a>. Last month I had a young business owner ask me at the end of a seminar all about how to <a href="http://www.actioncoach.com/grow-your-business">grow his small business</a>.</p>
<p>Problem was, I could tell that all the <a href="http://actioncoachstevegoranson.com/3-strategies-to-help-turn-activity-into-results/">strategies</a> in the world were not going to save this guy.</p>
<p>Here was a young guy with his entire life savings, all the income to feed and house his family tied up in his own business, and no matter what I showed him to do, none of it would have mattered.</p>
<p>He was a heavy man buying a diet book he would never read. He was a cigarette smoker buying gum that he would never chew. When you looked in his eyes you could easily see he had no desire to be a success, no desire to build a great company, no will to do whatever it takes… all he had was a desire to just keep his head above water…</p>
<p>He and thousands of business owners like him had no big reason WHY…</p>
<p>You’ve probably read enough books, been to enough seminars, all you need now is a push. I believe that everyone in life knows enough ‘what’ to do and ‘how’ to do it…</p>
<p>If you’re overweight, you eat less and do some exercise. There’s no rocket science to it. Same is true for business…</p>
<p>If there is something that needs fixing, I would bet that in at least half the cases you already know what to do…</p>
<p>But, the problem isn’t knowing what to do. In fact, if you grabbed a sheet of paper right now I’ll bet you could list at least 20 things you know you should have done, but have not. Go on, run through the list in your head…</p>
<p>It’s not just about knowing what to do, or even how to do it anymore. It’s the motivation, the inspiration, the gumption to get off your backside and do what you already know…</p>
<p>So, back to this young guy.</p>
<p>I had only one job to do with him, to get him back to a stage where he would do whatever it took to get his company growing again. He had to find his “why”, and we had to do it fast…</p>
<p>First he had to learn the difference between a MUST and a want…</p>
<p>Most of us want to be rich and successful, and we want to be fit and healthy, but the reality of life, I have found, is that most people don’t move until they get the ‘MUST’ card dealt to them.</p>
<p>They have a stroke and survive, their business almost goes under, or their wife threatens to leave them, and so on.</p>
<p>So for him, success was a want, not a MUST…</p>
<p>The difference between big business and small is that corporations have investors demanding a return, demanding growth, demanding success. There is a MUST level of pressure to achieve or they’ll lose their job.</p>
<p>What could turn your wants into MUSTS? Here’s what I do… I make a public statement, or a personal promise. One time I promised to take my kids to Disneyworld and gave them pictures of where we were going and when we were going, and boy did I work that much harder to make it a reality.</p>
<p>As a business coach I find that outside pressure is usually far more powerful than internal motivation to start with. At some point though, as people, we move from external motivation to internal.</p>
<p>That’s when you move from painful motivators to pleasurable goals…</p>
<p>Make the leap today, set a goal to grow your company, get the 20 things you should have done and do them, work on growth instead of survival…</p>
<p>Remember, you already know enough “how to” to get started, so work on your “why to”…</p>
<p>Our young guy… he rang his wife and promised her a two-week holiday in 12 months, right there in front of me. Now he has some motivation, now he has a MUST, now he has a reason why…</p>
<p>So, then we sat and discussed how he could grow his company, knowing that he would apply what he learnt.</p>
<p>Oh, and the reason why overweight people buy diet books… it makes them feel like they are doing something. Feeling like you are doing something and actually doing it… two totally different things. You know which one works.</p>
<p><a href="http://www.mybusiness.com.au/"><em>Article reprinted courtesy of My Business Magazine</em></a></p>
]]></content:encoded>
			<wfw:commentRss>http://bradsugarsblog.com/it%e2%80%99s-not-enough-to-know-%e2%80%9chow-to%e2%80%9d/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Finding Your Winning Niche</title>
		<link>http://bradsugarsblog.com/finding-your-winning-niche/</link>
		<comments>http://bradsugarsblog.com/finding-your-winning-niche/#comments</comments>
		<pubDate>Tue, 20 Dec 2011 20:46:46 +0000</pubDate>
		<dc:creator>stevezog</dc:creator>
				<category><![CDATA[Brad Sugars' Blogs]]></category>
		<category><![CDATA[ActionCOACH]]></category>
		<category><![CDATA[Brad Sugars]]></category>
		<category><![CDATA[never compete on price]]></category>
		<category><![CDATA[niche]]></category>
		<category><![CDATA[price shoppers]]></category>
		<category><![CDATA[target market]]></category>
		<category><![CDATA[value]]></category>

		<guid isPermaLink="false">http://bradsugarsblog.com/?p=1231</guid>
		<description><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-niche.jpeg"><img class="alignleft size-full wp-image-1232" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-niche" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-niche.jpeg" alt="" width="274" height="184" /></a>HOW WOULD YOU like to <a href="http://www.youtube.com/watch?v=2XKfS1-jSjw">never compete on price again</a>? Easier said than done, I know, especially in this economy.</p>
<p>But now is the perfect time to find the “sweet spot” in your business where you can compete on anything other than price. That “sweet spot” could also be called your <a href="http://www.action-australia.com/?page_id=26">niche</a>, and when you find it and operate from it, you’ll find business becomes a lot more fun and profitable.</p>
<p><a href="http://bradsugarsblog.com/finding-your-winning-niche/" class="more-link">Read more on Finding Your Winning Niche...</a></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-niche.jpeg"><img class="alignleft size-full wp-image-1232" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-niche" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-niche.jpeg" alt="" width="274" height="184" /></a>HOW WOULD YOU like to <a href="http://www.youtube.com/watch?v=2XKfS1-jSjw">never compete on price again</a>? Easier said than done, I know, especially in this economy.</p>
<p>But now is the perfect time to find the “sweet spot” in your business where you can compete on anything other than price. That “sweet spot” could also be called your <a href="http://www.action-australia.com/?page_id=26">niche</a>, and when you find it and operate from it, you’ll find business becomes a lot more fun and profitable.</p>
<p>My definition of a niche is pretty simple: a place you can operate with no price competition. When you find a great niche for your company, price as an objection goes to the bottom of your prospects’ and customers’ lists. In fact, companies with great niches soon discover they have customers who will go to great lengths to do business with them – many times, regardless of price.</p>
<p>This is important because when companies continually discount and compete on price, they are not only losing the pricing game, they are also losing the<a href="http://itunes.apple.com/us/app/the-actioncoach-5-ways-to/id349895699?mt=8"> profit</a> game – and as so many companies have so recently discovered, without profit, the game is over.</p>
<p>So how do you go about finding your company’s niche?</p>
<p>First, find your own USP – or Unique Selling Proposition. What is the one thing your company does that others in your category don’t do?</p>
<p>Is it a method of delivery? Is it customer service? Or is it something else that uniquely defines your business, a unique way you manufacture your product, or an interesting geographic location? Whatever it is, identify it, define and it and start using it to differentiate yourself in the market place.</p>
<p>Don’t think that a “commodity” product can have a USP? Just go online and look at how the grass seed company Scotts markets its “Turf Builder” line of grass seed.</p>
<p>Don’t know if a “small” company can define itself against a larger competitor? Pick up a copy of the new book about the US- based company, In-N-Out Burger, which beats McDonald’s in terms of overall profitability and same-store sales – with fewer stores and less menu items.</p>
<p>Wonder if you can profit in your small niche? Take a look at Porsche, which targets a select few customers at a very high product performance level and price point, and in turn is one of the most profitable car makers around.</p>
<p>Second, offer a guarantee. While every business is required to make good on its products or services, add some extra value to your guarantee, and make it part of your overall customer experience.</p>
<p>For years, top-tier retailers have all had generous guarantee and return policies, and those policies have only strengthened customer loyalty to their stores.</p>
<p>Can you make your guarantee stand out? Can it become the industry standard? If so, start telling your customers and your prospects and start making it a distinction you can sell in the marketplace. And don’t worry about getting ripped-off with a strong guarantee. Sure, some will take advantage. But in the end, your reputation and additional sales will more than make up for the single digit percentages that look to scam you or take advantage of your policies.</p>
<p>Finally, market yourself in terms of your USP. Once you identify your USP and get your guarantee set, start defining each in your marketing. There’s an old adage in marketing that if you can’t find your niche, create a new one.</p>
<p>What this means is that it is always better to be the first in a niche than the second or third company in a proven category. New niche makers and category leaders tend to be highly focused. Sometimes, that focus can appear too narrow.</p>
<p>Yet in the end, almost paradoxically, the narrow niche or category can grow precisely because it is so unique and different than anything else.</p>
<p>Ultimately, of course, that is your goal – to find the one key phrase your customers and prospects use or will use to describe what your company does in an ideal business world. You want people to say, “Oh, you’re the people who … ”</p>
<p>Not only will your marketing efforts start to generate real results, you’ll be able to compete on everything other than price.</p>
<p>You’ll also find once you and your customers get price out of the way, you’ll be a lot more creative in your added value propositions, your marketing and your customer service.</p>
<p>You’ll also have much bigger numbers on your bottom-line.<br />
<a href="http://www.mybusiness.com.au/"><em><br />
Article reprinted courtesy of My Business Magazine</em></a></p>
]]></content:encoded>
			<wfw:commentRss>http://bradsugarsblog.com/finding-your-winning-niche/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Back to Business Basics- Part 2</title>
		<link>http://bradsugarsblog.com/business-basics-part-two/</link>
		<comments>http://bradsugarsblog.com/business-basics-part-two/#comments</comments>
		<pubDate>Mon, 19 Dec 2011 00:51:19 +0000</pubDate>
		<dc:creator>stevezog</dc:creator>
				<category><![CDATA[Brad Sugars' Blogs]]></category>
		<category><![CDATA[ActionCOACH]]></category>
		<category><![CDATA[Brad Sugars]]></category>
		<category><![CDATA[Leverage]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[profitability]]></category>

		<guid isPermaLink="false">http://bradsugarsblog.com/?p=1226</guid>
		<description><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-more-business-basics.jpeg"><img class="alignleft size-full wp-image-1227" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-more-business-basics" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-more-business-basics.jpeg" alt="" width="284" height="177" /></a>You will also need to put an extreme focus on <a href="http://www.actioncoach.com/Profit-Breakeven?pressid=1153">profitability</a>. This may mean scaling back your plans for 20 locations nationwide to ten locations that run on higher profit margins. Now is not necessarily the time to overstretch. In fact, doing so and getting caught short of cash and/or human capital, is death for any business.</p>
<p><a href="http://bradsugarsblog.com/business-basics-part-two/" class="more-link">Read more on Back to Business Basics- Part 2...</a></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-more-business-basics.jpeg"><img class="alignleft size-full wp-image-1227" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-more-business-basics" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-more-business-basics.jpeg" alt="" width="284" height="177" /></a>You will also need to put an extreme focus on <a href="http://www.actioncoach.com/Profit-Breakeven?pressid=1153">profitability</a>. This may mean scaling back your plans for 20 locations nationwide to ten locations that run on higher profit margins. Now is not necessarily the time to overstretch. In fact, doing so and getting caught short of cash and/or human capital, is death for any business.</p>
<p>A laser-like focus on profit and operations will pay off big during the next economic spring. Not only will you be better positioned financially than your competition, you will develop the discipline to stay close to your core business.</p>
<p>While other companies will use the next boom to chase after any market or <a href="http://www.actioncoach.com/Sell-By-Asking?pressid=1259">sell any product</a> – your efforts now to pare down and narrow your focus will keep you from making the same mistakes in the future.</p>
<p>In addition to a changed mindset and business focus, you’ll need to commit to <a href="http://www.actioncoach.com/Modern-Marketing?pressid=1257">marketing</a> at every level of your business.</p>
<p>This doesn’t mean buying high priced ads in newspapers or on TV. It means creating a marketing and sales oriented culture that runs your business – from how your team answers the phone, to how they greet customers and guide them through the sales process, to developing a solid customer data base.</p>
<p>While I’m sure you’ve heard all of this before, you’d be amazed how many owners don’t do the simplest things that could make them successful. For instance, ActionCoach has discovered only about seven percent of all business owners know what their breakeven is on a given day – let alone over the course of a month or year.</p>
<p>Do you know yours? Isn’t it time you found out?</p>
<p>Focus, marketing mastery and numbers mastery will be crucial if you want to ride out this downturn. Put another way – it’s not your competition that is forcing the game this time. It’s the market – and although the market’s judgment is harsh, in my experience it is always fair.</p>
<p>You simply can’t run a successful company without profit and without systemised ways to grow your customer base and keep them coming back.</p>
<p><a href="http://www.actioncoach.com/How-to-Leverage-Your-Way-to-the-Top?pressid=1266">Leverage</a>, as many companies have brutally discovered, is great when the economic tide is rising and lifts all boats.</p>
<p>In a downturn, the squeeze of debt on business cash flow and overstretched operations can be ruinous.  Just take a look at the list of victims in the “destruction” part of the “creative destruction” equation and take note of the seemingly blue chip companies that don’t exist anymore – and you’ll understand the value of cash in this kind of environment.</p>
<p>The upside of all of this is that right now, the world’s economic stage is being set for the next big boom. When will it happen? Who knows?</p>
<p>The point is that now is the time to get your own basics right so when the economic recovery hits full swing, you’ll be ready to capture even greater profits and success. So start now and take the next few days to develop a new vision and plan for your company – based on what your customers, and the market, is telling you.</p>
<p>That feedback could be the foundation for some of the best (and most profitable) decisions you could ever make for your company.</p>
]]></content:encoded>
			<wfw:commentRss>http://bradsugarsblog.com/business-basics-part-two/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Back to Business Basics- Part 1</title>
		<link>http://bradsugarsblog.com/back-to-business-basics-part-1/</link>
		<comments>http://bradsugarsblog.com/back-to-business-basics-part-1/#comments</comments>
		<pubDate>Fri, 16 Dec 2011 17:17:06 +0000</pubDate>
		<dc:creator>stevezog</dc:creator>
				<category><![CDATA[Brad Sugars' Blogs]]></category>
		<category><![CDATA[ActionCOACH]]></category>
		<category><![CDATA[Brad Sugars]]></category>
		<category><![CDATA[business advice]]></category>
		<category><![CDATA[business basics]]></category>
		<category><![CDATA[Business Coach]]></category>
		<category><![CDATA[business help]]></category>
		<category><![CDATA[entrepreneur]]></category>

		<guid isPermaLink="false">http://bradsugarsblog.com/?p=1223</guid>
		<description><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-business-basics.jpeg"><img class="alignleft size-full wp-image-1224" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-business-basics" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-business-basics.jpeg" alt="" width="276" height="183" /></a>SOMETIMES, it pays to change your business for the sake of change. At other times, you have to change your business because the market tells you to. And if you don’t change, you’re dead.</p>
<p><a href="http://bradsugarsblog.com/back-to-business-basics-part-1/" class="more-link">Read more on Back to Business Basics- Part 1...</a></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-business-basics.jpeg"><img class="alignleft size-full wp-image-1224" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-business-basics" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-business-basics.jpeg" alt="" width="276" height="183" /></a>SOMETIMES, it pays to change your business for the sake of change. At other times, you have to change your business because the market tells you to. And if you don’t change, you’re dead.</p>
<p>Like it or not, we are living in those times.</p>
<p>Market forces worldwide are causing a whirlwind of creative destruction for businesses and their owners. The question is, how will you react to our current economic circumstances, and how can you make the money you’ll need to survive?</p>
<p>In past columns, I’ve talked about seeing the world as entrepreneurs do. This is simply a matter of looking at <a href="http://www.actioncoach.com/businessforum2012-event">events</a> (no matter what they are) and reacting not in a negative way, but rather in a way, and from a perspective, that uncovers value, upside potential and opportunity.</p>
<p>With that in mind, I thought it would be a good idea to devote a series of articles this year to getting “Back to Business” – with <a href="http://www.actioncoach.com/ActionCOACH-Tools-and-Strategies">proven strategies and tools</a> that have transformed companies around the world and in every type of economy, including downturns like the one we find ourselves in now.</p>
<p>Not only will these strategies help readjust your entrepreneurial attitude, they will also help your business survive and thrive immediately – and will serve as the foundation for continuing growth well into the next economic spring and summer.</p>
<p>So how can you gain some clarity for your business amid all the media noise and pessimism? First, you must realise that the needs of your customers and your market are different than those needs were a year ago – or even six months ago.</p>
<p>Simply put, you’ll have to adapt to those different needs and change your business in the direction of meeting those needs in order to survive. The new vision for your business should be highly focused – and scaled to what your customers truly want.</p>
<p>In these times, success won’t necessarily be based on what you want to offer, but rather what the market is telling you to offer.</p>
]]></content:encoded>
			<wfw:commentRss>http://bradsugarsblog.com/back-to-business-basics-part-1/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Company That Jack Built</title>
		<link>http://bradsugarsblog.com/the-company-that-jack-built/</link>
		<comments>http://bradsugarsblog.com/the-company-that-jack-built/#comments</comments>
		<pubDate>Wed, 14 Dec 2011 23:44:29 +0000</pubDate>
		<dc:creator>stevezog</dc:creator>
				<category><![CDATA[Brad Sugars' Blogs]]></category>
		<category><![CDATA[Goal Setting]]></category>
		<category><![CDATA[Accountability]]></category>
		<category><![CDATA[ActionCOACH]]></category>
		<category><![CDATA[actionplan]]></category>
		<category><![CDATA[Brad Sugars]]></category>
		<category><![CDATA[Goals]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[mission]]></category>
		<category><![CDATA[rules of the game]]></category>
		<category><![CDATA[success]]></category>
		<category><![CDATA[Vision]]></category>

		<guid isPermaLink="false">http://bradsugarsblog.com/?p=1217</guid>
		<description><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-company-jack-built.jpeg"><img class="alignleft size-full wp-image-1218" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-company-jack-built" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-company-jack-built.jpeg" alt="" width="143" height="191" /></a>JACK WELCH, the former CEO of General Electric, used to get rid of the bottom 20 percent of his employees each year. While some see this as a harsh way to handle business, Welch had both strategic and practical reasons for following this mandate.</p>
<p><a href="http://bradsugarsblog.com/the-company-that-jack-built/" class="more-link">Read more on The Company That Jack Built...</a></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-company-jack-built.jpeg"><img class="alignleft size-full wp-image-1218" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-company-jack-built" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-company-jack-built.jpeg" alt="" width="143" height="191" /></a>JACK WELCH, the former CEO of General Electric, used to get rid of the bottom 20 percent of his employees each year. While some see this as a harsh way to handle business, Welch had both strategic and practical reasons for following this mandate.</p>
<p>First, he realised this type of ‘pruning’ was necessary for GE’s success. So he made it part of the overall company plan.</p>
<p>He knew that in order for GE to be the best, he had to have the best people on the job for him – and enough room to replace those who didn’t work out.</p>
<p>Second, Jack believed in a company culture that rewarded performance. As others have pointed out, a lot of Jack’s ‘firings’ were mutual. Some employees simply didn’t like his aggressive style, his penchant for numbers and details, his vision for the company, or his standard of <a href="http://actioncoachuk.com/smallbusinesscoach/">accountability</a> for every department.</p>
<p>Sometimes, company culture clashes with an employee’s value system. Sometimes the employee is constantly at odds with the <a href="http://www.actioncoach.com/vision_and_mission">overall culture and ultimate mission of the company</a>.</p>
<p>Despite the wishes of some government and union types, owners need to free-up unproductive workers with people who can actually do the job so the company can survive.</p>
<p>So let’s say you’ve decided to raise company standards. You’ve developed a clear mission, you’ve established the rules of a positive company culture and you’ve got a new attitude toward your customers and suppliers.</p>
<p>But some of your team aren’t with the program. Some never will be. What do you do? The best thing to do is stay the course.</p>
<p>If you’ve ever segmented your customers into As, Bs, Cs and Ds, you could also apply the same rationale to your employees. Some may not be up to your standards, but others will be attracted to a company that knows what it wants and where it is going.<br />
Setting the Standard</p>
<p>For those of you who haven’t set standards, you need to. Take a cue from Jack. Not only will you benefit long-term, you will also allow others to achieve success in their own right.<br />
<strong><br />
1. Establish your own Vision, Mission and Culture for your company</strong> – Jack was a big believer in a culture based on innovation, efficiency and continuous improvement. He also believed in rewarding results, from awarding employee bonuses based on innovation to allowing staff to participate in stock option compensation. Does your company have incentives or reward employee performance?</p>
<p><strong>2. Develop strong leadership</strong> – Without strong direction, your business will be like a ship without a rudder. This doesn’t mean you need to be an autocrat or a dictator. Just the opposite. I’m talking more in terms of ‘quality’ here. Passion and the ability to take total responsibility are important keys.</p>
<p><strong>3. Have a common goal</strong> – Both you and your team need to know what the goal of the business is. When Jack ran GE, he had 12 businesses under the GE umbrella. All had their own goals and objectives – but each operated under the overall GE Vision and Mission. That helped all team members to see the ‘big picture’, one they could be part of and adapt to their specific situations.<br />
<strong><br />
4. <a href="http://www.actioncoach.com/Rules-of-the-Game?pressid=888">Set the rules of the game</a></strong> – Team members need to know what they can and can’t do. Everyone must know what game your company is playing, as well as the rules of the game. It’s up to you to create the rules and the playing field. If you don’t, your team will be without direction, and will set their own guidelines for you.</p>
<p><a href="http://www.actioncoach.com/9-Steps-to-Developing-a-Plan-for-Action?pressid=1121"><strong>5. Have an action plan</strong></a> – All your team members need a position description that spells out their duties in clear and unambiguous terms. This helps define responsibilities and also helps limit jurisdictional disputes about what a person should or shouldn’t be doing. Ideally, all of this is done in a systemised way, one that can be written down, replicated and repeated. Do this by department and you’ll have an operations manual for your entire business.</p>
<p><strong>6. Support risk taking</strong> – You must be willing to take risks. If not, your team will lag and not want to push boundaries. If you don’t push your team to take business risks, your company will push conservatively towards its goals. Know that risks and rewards are two sides of the same coin – and make sure your team knows that, too.</p>
<p><strong>7. 100 per cent involvement and inclusion</strong> – Practice the art of inclusion. Ask your team for their opinions and listen. The key is to make sure everyone is involved and everyone gives their all to their respective jobs. In Jack’s view, “every person counts.” Every person does. And you really want them to count in moving the whole team toward the company’s objectives.</p>
<p>And let’s not forget that Jack Welch increased GE turnover six-fold from the time he started to the time he left. He couldn’t have done it with people who didn’t buy into his vision for the company – and he had a pretty big vision for GE. Nor could he have done it with employees who underperformed and resisted change. Can you?<br />
<a href="http://www.mybusiness.com.au/"><em><br />
Article reprinted courtesy of My Business Magazine</em></a></p>
]]></content:encoded>
			<wfw:commentRss>http://bradsugarsblog.com/the-company-that-jack-built/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Why You Should Get on the Business Coaching Bandwagon</title>
		<link>http://bradsugarsblog.com/why-you-should-get-on-the-business-coaching-bandwagon/</link>
		<comments>http://bradsugarsblog.com/why-you-should-get-on-the-business-coaching-bandwagon/#comments</comments>
		<pubDate>Mon, 12 Dec 2011 23:42:48 +0000</pubDate>
		<dc:creator>stevezog</dc:creator>
				<category><![CDATA[Brad Sugars' Blogs]]></category>
		<category><![CDATA[ActionCOACH]]></category>
		<category><![CDATA[Brad Sugars]]></category>
		<category><![CDATA[Business Coaching]]></category>
		<category><![CDATA[business performance]]></category>
		<category><![CDATA[profits]]></category>
		<category><![CDATA[Revenue]]></category>
		<category><![CDATA[Team Building]]></category>

		<guid isPermaLink="false">http://bradsugarsblog.com/?p=1210</guid>
		<description><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-business-coaching-bandwagon.jpeg"><img class="alignleft size-full wp-image-1211" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-business-coaching-bandwagon" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-business-coaching-bandwagon.jpeg" alt="" width="225" height="225" /></a>Challenges are hard to anticipate in any business, but they’re easier to overcome with business coaching.</p>
<p><a href="http://www.actioncoach.com/business-coaching">Business coaching</a> is just like sports coaching – like a sports coach coaching an athlete and trains them to get better, business coaching not only helps businesses establish organized plans for every challenge they come across, it helps set those plans in motion. Companies that have business coaching tackle challenges with a plan and business strategy from the business owner’s view and an outside view: the business coach. This way, the company achieves its desired outcome.</p>
<p><a href="http://bradsugarsblog.com/why-you-should-get-on-the-business-coaching-bandwagon/" class="more-link">Read more on Why You Should Get on the Business Coaching Bandwagon...</a></p>
]]></description>
			<content:encoded><![CDATA[<p><a href="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-business-coaching-bandwagon.jpeg"><img class="alignleft size-full wp-image-1211" style="border: 2px solid black; margin: 2px;" title="brad-sugars-blog-business-coaching-bandwagon" src="http://bradsugarsblog.com/wp-content/uploads/brad-sugars-blog-business-coaching-bandwagon.jpeg" alt="" width="225" height="225" /></a>Challenges are hard to anticipate in any business, but they’re easier to overcome with business coaching.</p>
<p><a href="http://www.actioncoach.com/business-coaching">Business coaching</a> is just like sports coaching – like a sports coach coaching an athlete and trains them to get better, business coaching not only helps businesses establish organized plans for every challenge they come across, it helps set those plans in motion. Companies that have business coaching tackle challenges with a plan and business strategy from the business owner’s view and an outside view: the business coach. This way, the company achieves its desired outcome.</p>
<p>Here are some general statistics about business coaching:</p>
<p>“Annual spending on executive coaching in the United States is estimated at $1 billion.” – Harvard Business Review.</p>
<p>“Use of coaching is widespread in UK organisations, with almost nine in ten respondents reporting that they now use coaching in their organization (88%).” – University of Bristol Newsletter.</p>
<p>“The Australian Institute of Management says 70% of its member companies hire coaches.” – Inside Business Channel 2.</p>
<p>“A recent study estimates that 40,000 people in the U.S. work as coaches (work or life) and the $2.4 billion market is growing at a fast-paced 18% per year.” – MarketData Report.</p>
<p>“Coaching is the second-fastest growing profession in the world, rivaled only by information technology.” – National Post.</p>
<p>What Do These Statistics Mean?</p>
<p>The statistics and reports don’t lie – business coaching is not only a fast-expanding industry, it’s expanding because it’s a successful industry. Just like sports athletes have to keep ahead of their competitors with a coach, business industries, especially in this recession, are getting extremely competitive.</p>
<p>Think about if a sports athlete didn’t have a coach. He might keep doing the same things that have worked for him many times before, and he might be fine for a while. But eventually, since he’s doing the same things and not necessarily getting better at his sport or his skills, the competition will surpass him.</p>
<p>It’s the same thing with business. With all the industry changes, innovations and management strategies, business owners can’t keep doing the same thing they’ve been doing. Eventually the competition will surpass them.</p>
<p>It’s even true with the big brands – McDonald’s, Starbucks and Coca-Cola are constantly ahead of the game and dealing with challenges. Especially in the recession – how many brands that used to be around (Bombay Co., Sharper Image) aren’t anymore?</p>
<p>With competition and other factors in the mix, business coaching is a sound investment in your company’s future.</p>
<p>It’s still a relatively new business industry, but the statistics don’t lie: business coaching is becoming a popular way for companies to edge out competitors.</p>
<p>Business coaching is the second fastest growing industry for several of the following reasons:</p>
<p><strong>- <a href="http://actioncoachuk.com/">Business coaching increases performance</a></strong>. Coaching develops the best qualities of people and teams, making the most of everyone’s qualities and significantly increasing productivity, making the most of everyone’s talents and skills for the company.</p>
<p>- <strong>Business coaching enables owners to motivate their staff</strong>. Coaching helps people to work to their utmost potential, increase their self-esteem and thus raise the quality of their work and increase productivity at the same time.</p>
<p>- <a href="http://www.actioncoach.com/book-Instant-Team-Building"><strong>Business coaching improves staff development</strong></a>. Staff development means not only educational seminars and trainings, but also unlocking the inner potential of the company’s employees. Whether the employees are going to develop themselves or not depends mainly on the company’s management style. Initially, all of us have a great potential which can be revealed through coaching. Coaching allows the employees to develop themselves directly in the workplace, thus increasing their efficiency.</p>
<p>If you’re convinced, you’re one step closer to bettering your business.</p>
]]></content:encoded>
			<wfw:commentRss>http://bradsugarsblog.com/why-you-should-get-on-the-business-coaching-bandwagon/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

