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A common difficulty that business owners face is finding clarity of purpose.
Many underestimate the need for a strategy, and put their businesses at risk. Watch this video to use the 5 key elements an efficient business strategy is comprised of.
Would you rather drive your business blindfolded, or craft the most efficient strategy for it?
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The holiday season is upon us. It is not too late to treat yourself, and your team, with a nice end-of-the year gift, and start 2020 on the right foot.
Below are my book recommendations:
Next books on my reading list: This is Marketing by Seth Godin, The Chimp Paradox by Dr. Steve Peters, and Emotional Intelligence: Why it Can Matter More than IQ by Daniel Goleman.
Take care of yourself
As a CrossFit addict and a CF-L1 Trainer, I must emphasize the importance of exercising regularly. Being healthy and in good physical shape will significantly improve your efficiency at work and at home.
I was not really taking care of myself before I found this sport. It has transformed my life, to the point where I know I am not going back to the previous me. I feel stronger, I am more relaxed, I think sharper, and I work faster.
There is no age to be the fittest version of yourself.
Stop procrastinating and buy yourself a membership for the most suitable physical activity for you, something you can perform minimum 3 times per week. It should not feel like a burden. Instead, it should be the moment to be with yourself, forget everything else, and simply enjoy the challenge.
The secret weapon
I will conclude by the best gift you can reward yourself with: A notebook and a pen! Entrepreneurs' minds are always full of ideas and things to do. Go back to the basics: write them down to get them out of your brain, archive them, and free up mental space for new stuff.
Enjoy the holiday season!
PS: Of course business coaching is an excellent gift to put yourself on the right tracks for the new year. Training courses, in Leadership for example, are a nice way to reward your team while improving their skills. Book a time with me to talk further about it.
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One of my first entrepreneur clients had reached a point where his company was stuck because of a lack of qualified people. Money was no issue, but he was too much involved in operations to take a step back and see the situation. He loved project management and could not resolve to give it up because he thought the customer service quality would suffer.
Both business owners had attained some sort of a plateau, where action was required to start a new growth cycle. They needed a plan, which they could not come up with because they were overwhelmed with day-to-day operations.
Do their stories sound familiar to you?
Entrepreneurs usually have to do everything at the early business stages, and do not necessarily realize that their responsibilities must evolve with growth. Focusing on quality is important, but having a solid structure where people will strive for even better quality is essential. There comes a time where entrepreneurs' role has to switch from doing the work by themselves to building the business under them to do the work. By not letting go, entrepreneurs may become the main bottleneck of their own companies.
I'd like to suggest 3 options to tackle that challenge:
PS: Ready to talk about coaching? Book a time with me and tell me about your issues.
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20 years of working in business management has taught me the importance of mapping out the company’s journey. ⅔ of that time spent in the market research industry has provided me with one key tool: asking questions. Successful entrepreneurs understand their weaknesses and acknowledge they don’t know everything. They know that with the right questions comes the right answers.
Often, we get stuck in a situation because we aren’t asking ourselves the questions that lead to the right answers. This video will provide you with 4 practical steps to help you think clearly and ask the right questions in any situation.
So, are you asking the right questions?
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Joakim Achrén is the founder of Elite Game Developers. His passion is to help people build successful games companies. He has been a game's entrepreneur for 15 years, previously founded Next Games, Ironstar Helsinki, and he was an early employee at Supercell.
In his podcast, we discussed tactical and philosophical topics, everything that goes into leadership, company culture, values and taking care of oneself. We also explored why we both believe that CEOs, taking the game industry as an example, should all hire a Business Coach.
Questions that we cover in this episode:
Listen to the podcast now.
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Let me open this up for you. Business owners need to develop, and as they do, so do their staff.
You may have heard some say: “What if we train our staff and they leave?" or “What if we don’t train them, and they stay?"
Indeed, what if your staff stay while they lack the skills to perform their job to the best of their abilities, because, since you are afraid they quit, you have decided that they should not be trained?
I have met many business owners claiming that they had stopped providing training to their staff because they were leaving the company afterward. Interestingly, I never had that issue in 18 years running businesses. Of course, I had to deal with staff resignations, not because I was offering training courses, but because, one way or another, I had ceased caring about them.
To train the staff or not to train the staff, that is not the question. The real question is: To show leadership or not to show leadership?
If you practice a sport, you easily understand that you need to put a certain amount of training in order to get better at it. The same principle applies at work. Competence is a basic human need. As a leader, you are responsible to develop your people's skills so they keep on progressing.
Here are 5 easy-to-implement suggestions to create a learning environment:
Training is not a cost, it is an investment.
PS: If you understand the importance of investing in your staff, and would like guidance, book a free coaching session with me on the calendar.