As a business coach, I’m usually guiding clients on how to gain work, rather than the other way around. However, there are times when you definitely need to knock back and reject work. There is also a right and wrong way to do it. Find out Why Businesses Fail. When…
Business does fail, the statistics tell us that all the time. It happens for many reasons, but one of those reasons is that the business owner makes critical mistakes around their marketing. Here are 16 marketing mistakes business owners make – and how to avoid them. No Money We’ve all…
I am frequently asked why a business can have great profits but are struggling with their cash flow. There is a great reason for this. Profit does not always equate to cash. Learn How to Read a Profit and Loss Statement. Firstly, let’s be super clear about the difference between turnover…
There are a number of reasons that we lose money on projects or jobs. When you lose money on a project or don’t make as much profit as you should have, these impacts on your bottom line and on the overall profit and success of your business. As a business coach, I always ask prospective…
If you are in business, or in management, you need to develop the art of negotiation. It’s in every part of our working day. A staff member wants a pay rise, or you’re trying to get a client’s business, or you’re shopping around for a new supplier. Negotiations are occurring every day. It isn’t…
Being in business can be hard work and if we are not on top of everything, then sometimes profits have a way of pulling a ‘Houdini’ on us and simply evaporating … so I wanted to share with you a quick (but effective) batch of financial tips that any business owner can implement. Read Do…
Every successful business owner is dealing with stress in business. You may be stressed about time (or lack thereof), money, glitches in your processes and delivery, team or suppliers letting you down, customers not paying you … well the list could go on and on. Stress can even be the reason some people do stop…
As I coach businesses, this is a common goal – to achieve work-life balance. We often go into business to have a better life, yet find ourselves having to work harder, longer and deal with more stress. If we have families, especially young children, comments like “You love your clients more than me” are not…
Do you ever feel you’ve been bullied, pressured or intimidated in business? It happens all the time, in various forms; bullying goes far beyond children and the playground. Maybe the word ‘bullied’ is a little strong, but it definitely happens. Sometimes we are pressured by clients, suppliers, competitors, staff or even salespeople. We get intimidated,…
In business we sometimes want to give the illusion, or impression, that we are larger than we actually are. We may well be a home based business where you are the one and only employee, but you don’t want your customers or prospects to know that you are a ‘one man band’. Perception is…