Blog: Random Thoughts and Teaching

Welcome to our little corner of the Internet. Kick your feet up and stay awhile.

The topics might be different, but the destination is the same.

ready-for-the-future-sm-300x200 Closing Strong Coaching: Random Thoughts and Teachings

ARE YOU PREPARED FOR WHEN YOU NO LONGER OWN YOUR BUSINESS?

To be prepared for when you no longer own your business, you need clear answers to two questions. What will I DO when I step away from the business? What will I NEED when I step away from the business? The question of DO is the most important. DO has to do with fulfilling your…
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minimum-wage-300x200 Closing Strong Coaching: Random Thoughts and Teachings

WHY DO YOU PAY MINIMUM WAGE?

Why do you pay minimum wage? This question is NOT a political statement and NOT even an economic one. By “minimum wage,” I refer to the compensation (e.g., hourly rate, salary, benefits, etc.) you pay to new employees. Minimum wage is a business strategy defined by your company, not just a reaction to regulation or…
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growing-multiples-300x300 Closing Strong Coaching: Random Thoughts and Teachings

HERE’S HOW SYLVIA STARTED SIX SUCCESSFUL BUSINESSES!

I recently had the blessing of speaking with Sylvia McNiel, a Mary Kay business owner. In our discussion, I was touched by the experience and wisdom of her words. Due to a series of moves around the U.S., Sylvia has successfully started six different businesses from scratch. Three times Sylvia’s business was successful enough to…
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Screen-Shot-2021-11-03-at-4.21.09-PM-217x300 Closing Strong Coaching: Random Thoughts and Teachings

THE DISCIPLINE OF MARKET LEADERS

Successful businesses know precisely who their customers are, what they need, and how they want to receive their product or service. They also need to choose the correct strategy to maximize their value to the market. In The Discipline of Market Leaders, authors Michael Treacy and Fred Wiersema suggest that “No company can succeed today…
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company-culture-scaled-e1634241068642-300x240 Closing Strong Coaching: Random Thoughts and Teachings

AVOID IMPLEMENTING THE WRONG CULTURE

Management guru Peter Drucker famously said “Culture eats strategy for breakfast,” and the race was on for consultants and coaches to help companies implement a winning culture. There are many stories of successes, but there are even more failures, often due to pursuing the wrong culture. Here are three examples of implementing the wrong culture.…
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Screen-Shot-2021-09-21-at-1.09.19-PM-300x287 Closing Strong Coaching: Random Thoughts and Teachings

LESSONS FROM A TV SHOW

I enjoy watching the genre of reality TV programs where an expert helps owners fix their business. One show, “Restaurant: Impossible,” features an expert who helps a business owner turn around their restaurant with a budget of $10,000 and only 48 hours. Many aspects of the fix are glossed over in a one-hour show, but…
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