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Posts Tagged ‘Brad Sugars’

Why Executives Hire Executive Coaches

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 Executive Coach.

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?

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Attracting High Caliber People

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.

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.”

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If You’re Treading Water, You’re Drowning

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.

Why does a company that is going well, keeping its best customers happy, and retaining good employees seem to be going slowly under?

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Raise Your Prices, Don’t Lower Your Profits

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.

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It’s Not Enough to Know “How To”

WHY IS IT that so many overweight people who really don’t want to lose weight buy weight loss books?

In a minute I’ll give you the answer, but first let’s get the business lesson. Last month I had a young business owner ask me at the end of a seminar all about how to grow his small business.

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Finding Your Winning Niche

HOW WOULD YOU like to never compete on price again? Easier said than done, I know, especially in this economy.

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 niche, and when you find it and operate from it, you’ll find business becomes a lot more fun and profitable.

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Back to Business Basics- Part 2

You will also need to put an extreme focus on profitability. 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.

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Back to Business Basics- Part 1

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.

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The Company That Jack Built

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.

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Why You Should Get on the Business Coaching Bandwagon

Challenges are hard to anticipate in any business, but they’re easier to overcome with business coaching.

Business coaching 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.

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