Archives for Business Coaching category

No we’re not out of the woods yet, but it does seem there is some light at the end of the tunnel.

What are proactive companies and executives doing to prepare for the inevitable turnaround? If the increased traffic to our coaching sites is any indication, they are searching for a qualified business coach. What can business coaching do for your organization?

  • Clarifies vision, goals, core values and commitments companywide
  • Aligns a company’s culture and communication with these new understandings of vision, goals, values and commitments.
  • Creates a constant conversation between coach and key leaders about “What’s working, what’s not working, what’s missing, and what’s next?”
  • Shifts the organizations momentum at every level
  • Establishes committed plans of action that produce bottom-line results.
  • Creates accountability between coach and leaders so performers stay on track and produce measurable, goal-breaking results.
  • Guides the organization beyond it’s “predictable future” into a brand new “unlimited future”.
  • Strengthens the inner core of the organization through implementing specific, proven, tailor-made programs and systems in strategic planning, sales training, employee accountability, teambuilding, assessment and more.
  • Focuses and keeps the organization on track to continue its expansion and improvement over the long term.
  • Delivers increased revenues, bottom line profits, employee retention, product/market expansion, cost reductions, and quality of life enhancement for leaders and their teams.

For more information on our proven business/executive coaching programs, please feel free to call us directly at 954-840-0424, visit our site at http://www.frankelcoachinggroup.com.

Winning with Leadership

As a business coach, people often ask me how to increase productivity fast. The word Leadership is what always comes to mind first. Leadership is what allows businesses to run harder, go faster and, yes, make more profits while the leader works smarter, not harder. You say, “How can that be possible?” Let’s take a look.

First of all, a good leader should be willing to lead by example. Most people are willing to follow a leader who practices what he or she preaches. If she declares the corporate culture to be honest with open lines of communication, accountable and team-oriented, she should demonstrate support in that direction.

Next, all great leaders must have a vision. Talk about the future in living color. Express the future vision and how together we can achieve it. Often leaders forget to share their dreams with employees. This leaves employees in the dark about what direction the organization is headed, thus causing confusion.

To avoid confusion and create support share the vision with passion. Paint a clear picture of what you see and desire. Inspire the team to make it happen. You will be surprised by the results.

Now is the time to transfer dreams into reality. The leader will develop a specific, detailed plan. In order to create results the leader must assemble the necessary steps the team will need to take; a road map for how to get from point A to Point B. The more detailed the plan, the quicker the results.

Business planning focuses on the steps that are used to inspire the team to commit to the company’s vision. It assists in finding the underlying commitment that actually drives people and how to align unconscious commitment with the started goals, mission and vision.

Planning is the power tool for achievement, the magic bridge to our goals. But vision without commitment is an empty promise.

Commitment. It is what transforms a promise into reality. Commitment is the stuff character is made of; the power to change the face of things. Show your team what you are committed to, have them see it, feel it, breathe it. Commitment is the main ingredient to success. Without it there is no security in your vision. With it, all things are possible.

To your greater success,

Cris


Reprinted from an article by Cris Frankel who is a certified business coach at www.FrankelCoachingGroup.com. He can be reached at 954-840-0424. Download our latest publication, Supercharge Your Business In Turbulent Times, Winning With A Business Coach at www.frankelcoachingexec.com.


I was at a networking event recently and a gentleman asked me, “I’ve been hearing about the idea of using a business coach, could you give me three reasons why I should?” I said, “Why limit me to three?” He said, “Well if you have more I’d love to hear them.” I fired off twenty-four. Here they are:

1. Gain an objective opinion of your business.
2. Create a strategic plan that will direct how your business will grow.
3. Learn how and why leadership is so vital to business growth and success.
4. Increase the productivity of your business and employees, now and in the future.
5. Uncover skills you didn’t think you had.
6. Increased revenues and bottom line profits.
7. Locate what is missing in your plan in order to develop increased action.
8. Reduce the stress in your personal and business life.
9. Reach and achieve what you once thought were unrealistic goals.
10. Hear how others are achieving success in their business.
11. Cultivate a much larger capacity for producing exceptional results (compared to your current results.)
12. Operate in life as someone who can overcome ANY obstacle regardless of what it is.
13. Have power over your time instead of your time having power over you.
14. Experience having “fun” in business again.
15. Work from a place of creating in life rather than “surviving.”
16. Make a difference in the world in a far more profound way that you are currently.
17. Have greater awareness and greater clarity around goals and objectives.
18. Experience improved relationships among all of your departments in your business.
19. Greater capacity to initiate change within the culture or future of your organization.
20. Increase your competency for conflict management.
21. Become more assertive and make decisions easier.
22. Increase your competency of creating successful new leaders.
23. Experience increased retention and addition of high performance employees.
24. Experience significant ROI (Coaching produced a 529% return on investment and significant intangible benefits to the business. Including benefits from employee retention boosted the overall ROI to 788%.  (Source: Executive Briefing: Case Study on the return on Investment of Executive Coaching Prepared by: Merrill C. Anderson, Ph.D. MetrixGlobal, LLC.)

This Gentleman has now become a client and is on his way to creating an impossible future for his organization. If you think any of these reasons may affect your business in a positive way, please feel free to contact us at 954-840-0424 or info@FrankelCoaching.com.

To your greater success,

Cris

I just wanted to take a minute and congratulate our sister company, Frankel Media Group.

GAINESVILLE, Fla., June 18 /PRNewswire/ — The Sebastian Ferrero Foundation has selected Frankel Media Group to coordinate its marketing, promotions and publicity. The Gainesville, Florida based firm will begin developing an integrated campaign for the Foundation’s annual fundraising event, Noche de Gala taking place October 3, 2009.

Frankel Media Group is an excellent agency with a proven track record of innovation and creativity,” said Horst Ferrero, co-founder of the Sebastian Ferrero Foundation. “We look forward to working with FMG as we begin promotions for this year’s Noche de Gala.”

Frankel Media Group offers complete advertising and marketing campaigns through print, television, radio, outdoor, promotions and media relations. Since its inception in 2005, FMG has helped countless clients develop and deliver their message to local and national media.

“We are thrilled to partner with the Sebastian Ferrero Foundation,” said Ryan Frankel, President and CEO of Frankel Media Group. “We quickly recognized that the Foundation is making enormous, positive contributions to our community and we are excited to help further enhance their presence in the region.”

About Frankel Media Group

Frankel Media Group (http://www.frankelmedia.com) is a leading full-service advertising and marketing firm. The firm’s reputation is built on its deep commitment to client service, creativity and collaboration. FMG has posted significant growth since its inception in 2005 and has earned nine ADDY awards in the past two years. The ADDY Awards, presented by the American Advertising Federation (a nationwide not-for-profit industry association) acknowledges creative excellence in advertising.

About the Sebastian Ferrero Foundation

Horst and Luisa Ferrero created the Sebastian Ferrero Foundation (http://www.sebastianferrero.org) in honor of their son Sebastian, a happy and healthy three-year-old boy who died in October 2007 as a result of a series of medical mistakes at Shands Hospital in Gainesville, Florida. The Foundation’s mission is to advocate and fundraise for a full-service children’s hospital in Gainesville, Florida while promoting excellence in patient safety and insuring that all families are treated with compassion, courtesy and dignity.

The Foundation recently received the Cheers Award, a national award recognizing individuals, organizations and companies that have set a superlative standard of excellence in the prevention of medication errors and adverse drug events, from the Institute of Safe Medication Practices (ISMP).

SOURCE Frankel Media Group

ACQUIRE MEDIA

Additional content provided by Acquire Media

OK, we get it. We are in a recession. Now that that’s out of the way
what are YOU going to do about it? The truth is, if you are experiencing
a slow down in your business it’s not just due to “the recession.”
It’s very easy to blame it on the recession, the weather, the government,
your employees, the dog, blah, blah, blah, blah, blah!

Do you want to know a secret? It won’t help. Success comes once
you decide for it to come. Success comes once you decide to take
control of your destiny. Success comes once you declare an
impossible future that you are willing to commit to and have someone
hold you accountable to.

It takes courage, strength and commitment. Are you willing to step into
that place of possibility? Are you willing to do the work. Most people
are not and that is why they run average and ordinary lives and businesses.

I know that may sound cold, but it’s true. Yes we are in a recession, but
did you know that 16 of the 30 companies that make up the DOW were
started during a recession or even a depression!

For almost three decades I’ve coached employees, businesses and entrepreneurs.
What I’ve found out is that we all need a coach. Regardless of where you
are at in your life or business there is always another level to obtain. The
coaching relationship is unique, powerful and in my opinion one of those things
that should not be negotiable in your life today – especially today!

Coaching is an extraordinary relationship between two or more people that
commit to a common goal or future.

The role of the client is to be willing to change their approach to business
and be open to reinventing themselves and their current belief system.
The client must be committed not only to change, but to learning and growing.

The role of the coach is to discover what the client is passionate about in
their business and personal life. At times the Coach will intervene when he/she
sees the client drifting or losing focus on their goals. The Coach always
STANDS in The future that the client wants to create and is totally committed
to the CLIENT’S success.

Business Coaching is a powerful solution for organizations that want to
have breakthroughs in areas where they have previously been stuck or
experienced unsatisfactory results.

To make it work, the client must want it to work. The client must be coachable.

Are you coachable AND will you be coachable?

Let’s look at the four types of “Coachable” people.

Not Coachable

•    The person who ONLY takes action from their own
voice in their head to the exclusion of the coach’s voice.

Selectively Coachable

•    The person who ONLY takes action when they AGREE
with the Coach.

Reluctantly Coachable

•    The person who takes action with the Coach
while simultaneously living with DOUBT or DISTRUST.

Completely Coachable

•    The person who takes action with what the coach has him
do and COMPLETELY trusts that his Coach has his best
interest at heart. (This is where magic happens!)

Which one best describes YOU?  If you really want to grow your
business, have more time and make more money and IF you will
be coachable, business coaching can be your competitive advantage.

If you would like to learn more, please feel free to visit us at
Frankel Coaching Group. Success in business will come when your
team is all showing up on the same court. It all begins with YOU –
the committed leader. Find an accountability partner and take your
game to the next level.

To your greater success,

Cris

I was flying out for a speaking engagement recently and was talking with someone on the plane about, what else – the economy. She brought up the subject and I just listened. She went on to share with me that she had been working with a company for about five years and last month they closed their doors. She was devistated and has been trying to decide what to do next. She then asked me my opinion. I felt her pain, acknowledged her situation empathetically and then said, I don’t mean to be an alarmist however, the world has changed. She looked at me with a puzzled look and said go on. Without wanting to deepen her fear further I explained my take on the current job market and suggested that regardless of what people around you might say, right now may be the best time to start a business. I didn’t know if her startled look was due to the turbulence we had just encountered as the pilot climbed above the clouds to find more stable air, or if she just thought I had lost my mind.

There was quiet for some time and after a while she returned to the subject and asked, “Why would you think now is a good time to start a business with the economy doing so poorly?” So, she really was interested in the idea, but like most people considering a major change in their life, she was scared and skeptical.

Looking out the window at 40,000 feet as we danced through the clouds I thought of the many times I started a new business or coached others on start-ups.  Here are just a few reasons I said:

1.    During a recession you can get great deals on equipment, office space, products, supplies, etc.
2.    Since more people are in the job market you can find a lot of talent or hire free lancers for less.
3.    Everyone is searching for bargains; so many people already in business are willing to look at new suppliers.
4.    Owning a business offers many tax advantages (please consult your tax advisor for further advice of course.)
5.    Many vendors, suppliers, etc. are willing to work with you if you need better terms. Many are just happy you need what they offer.
6.    Due to the poor returns the stock market has experienced recently, family and friends may be interested in helping you financially for a fair return.
7.    Because you have lost your job, you HAVE to do something. Sometimes what appears to be a negative is the Universes way of giving you a wake up call.   Depending on how you view the situation, i.e., this is a problem or this is an opportunity, is all it takes to rewrite your future.

She was taking it all in and I could see her wheels were spinning. “OK, she said, suppose I agreed with you, I don’t know what business I would do. I mean all I have done is this job, some temp work and years ago before the lines in my face began to reveal my age I was a fashion model. I don’t think the fashion world is hiring too may thirty two year old’s who used to model.”

I began to smile and for a moment she thought I was making fun of her. What, she said?” Think about what you just said, I told her. “What do you mean, she replied.” You were a fashion model! Think about how much knowledge you have about that industry. Don’t you think that is valuable to others wanting to enter the fashion world? Or to parents who want to learn about what their son or daughter needs to do to enter that field? I could tell she wasn’t getting the connection at first, but she sensed there was something here. “But how would I market it? What would it take to get started? That’s the easy part I said. We’ll get to that.

The point is you have information in you that when it’s properly put together and marketed, will generate you consistent monthly revenues for years to come. Done correctly, you won’t need to search for a job. You will create your future with what you already know. “I like the sound of that she said. Where do we go from here?” We’ll, if you decide to move forward I would coach you and begin looking at the following areas:
1.    I will begin identifying the information you hold within you that is the most marketable.
2.    I will teach you how to produce an information product that you can sell for about $95 – $695.
3.    Once we create the information product (in about a week or two) I’ll show you how to develop a targeted marketing campaign that is highly focused in niche markets.
4.    We’ll develop a website and lead generation system to attract already interested clients quickly and easily.
5.    And finally, you will have a system to follow up with every single person who inquires. And the best part is that we will automate the entire process!

“Do you really think people will pay for well, just the knowledge I have, she asked?”  I know they will. You have information that others would be interested in obtaining and yes; they will pay you for it.

I’ll give you an example, I said. Many years ago I decided to obtain all of my financial service licenses. When I was studying for my securities license I would go over and over an extensive amount of information required. I really didn’t have a great study system. Looking back, if someone who had the knowledge of how to pass the securities test would have produced a CD with a easy to understand workbook on “How to pass your securities license in 7 easy steps” for example, and marketed it to the specific niche of people studying for their securities license, such as me I happily would have paid say, $99, $199 or maybe even more to assure myself of passing that test. “I see what you mean, she said.”

We were both jolted by the wheels touching down as our flight landed and the flight attendant’s voice came across the loud speaker welcoming us to our destination. We exchanged contact information and agreed to get together to create her new future. (She has since become a new business development client and we are just finalizing the launch of her business.)

As I walked through the terminal to the rental car desk I thought of how the Universe works. It reminded me of the movie, The Wizard of OZ where Dorothy meets the Scarecrow; there is an intersection of yellow brick roads. Dorothy and the Scarecrow decide which of the three branches to take, and eventually find themselves at the Emerald City. Interestingly, each of the characters were searching for something, but as we come to realize in the film, they each already had inside themselves what they were searching for all along.

If this brief encounter resonates with you, maybe it’s time to reconsider your strategy for finding a new career. If you are like our passenger and have recently been laid off or are just searching for a change and want to rewrite your future, perhaps you should reach deep inside and pull out the valuable information you contain and create an extraordinary future that YOU design.

Your friend and partner in success,

Cris

PS. If you are at your fork in the road and are looking for the “Emerald City,” perhaps we should talk. In the mean time, you might find some interesting information about our subject of new business development here.

Cris Frankel Announces, “Strategies to Future–Proof Your Business” with the Launch of Frankel Coaching Group (FCG)

CORAL SPRINGS, FL., June 01, 2009 – Frankel & Frankel, LLC today announced the launch of the Frankel Coaching Group (FCG) (http://www.frankelcoachinggroup.com), a business coaching company based out of South Florida and offering its services throughout the United States. Business coaching services offered include both professional and executive management business coaching for small to medium sized businesses, as well as career and lifestyle coaching. FCG also specializes in new business development strategies for entrepreneurs, mentoring programs, sales training, employee assessment profiles and marketing and advertising for small businesses.

Frankel Coaching Group is the culmination of almost three decades of real world business experiences by recognized leadership expert and certified business coach Cris Frankel and co-founder, Helen Frankel, an accredited career and lifestyle coach.

The company enjoys a strategic alliance with it’s sister company Frankel Media Group, a Gainesville based award winning advertising agency and it’s technology partners, SE Partners. “Frankel Coaching Group focuses on a specific mission: To assist CEOs, senior executives and entrepreneurs create high-performance teams and winning cultures through future based organizational coaching. We focus exclusively on business coaching helping organizations rewrite their future, automated lead generation systems for small business and lifestyle design,” said founder and CEO, Cris Frankel.

Frankel Media Group (FMG) (http://www.frankelmediagroup.com) was founded in Gainesville, FL in 2004 and has grown 300% since then according to Cris Frankel. In 2008 FMG won a Gold ADDY Award for Mixed Media Campaigns-Regional / National and Publication Design, and a Silver ADDY Award for Brochure Design. The trend continues in 2009 with the winning of numerous ADDY Awards.

As technology partner, SE Partners role is to provide FCG access to their patent-pending approach to manipulating Google’s search engine algorithm as well as providing search engine friendly web design and development for FCG and its clients that conforms to the W3C and Google’s strictest web development guidelines.

SE Partners (http://www.searchenginepartner.com) has ranked companies like Fire & Ice on the second page of Google for the keyword, “diamond,” which receives over 20 million searches per month. SEPartners were able to produce the result through what they refer to as SEO 2.0, a term coined by their Vice President and co-founder, Clinton Cimring. Cimring is also a technology consultant with FCG and has been a search engine optimizer since 1996 with the International Cimring Group, Inc. (ICG, Inc.) and is the second entity to have ever filed a trademark for the term, “S.E.O.”

About the Frankel Coaching Group

When coaching executives Cris uses a proven methodology that has successfully served over 500 organizations, representing more than 60 different industries over a 20-year period. The average client of this methodology remains a client for 24 months and 92% say, “My business and personal life has dramatically improved.” The success rate is 95% according to Cris.

Clients of the methodology mastered by Cris see success in the following areas: 70% see over 200% in increased sales or profits. 54% see a reduction in overhead costs; 92% see improved relationships in the workplace or at home; 86% see improved work culture and moral and 96% see improved communication. For more information, visit http://www.frankelcoachinggroup.com .

954-840-0424

Frankel Coaching Group and FCG are pending trademarks of Frankel & Frankel, LLC. All content appearing on frankelcoachinggroup.com is copyrighted through the USCO and Library of Congress. All other company and product names may be trademarks of the respective companies with which they are associated.

Media Contact:

Lauren Royffe

Corporate Communications

954-840-0424

info@frankelcoaching.com

Business Coaching and Planning and business mentoring programs

Profit Models – Frankel Business Coaching and Development
How to use business models to produce greater profits.

Unreasonable Time Management – Frankel Business Coaching and Development
What does it take to make change in your company? How do you get a hold of your time and use it in the best way?

Business Strategy: Top Ten Tips and Tactics for a Tough Economy – Frankel Business Coaching and Development
Here are a few business coaching tips and tactics that will definitely help when things get rough. These tips apply whenever your company needs a boost. You can think of them as turnaround tactics.

Law of Compounding
How small changes in a few seperate but related areas of your business can add up to a huge increase in sales and profits.

Top 5 Mistakes Business Buyers Make When Buying A Business
Not making these mistakes won’t guarantee your success, but making them will often kill you.

The Myth of Sunk Costs – Frankel Business Coaching and Development
Having problems dealing with sunk costs and the time you have spent on this project and that investment? Be unreasonable and make each decision as if there were no past attached.

Charging Higher Prices: Perspectives On Your Bottom Line – Frankel Business Coaching and Development
By now you may be asking yourself, “What should my prices be…”

Higher Prices Lead to Higher Profits – Frankel Business Coaching and Development
I know at first glance this sounds obvious…

Customers

Connecting with Customers
Why exactly do clients buy from you? What is the full value of your product/service to your clients? Learn why these are a must know for you to bring in continual waves of new clients.

Customer Advisory Boards – 10 Tips – Frankel Business Coaching and Development
Ten tips for creating and using a customer advisory board.

General Business

Attracting (and keeping) Top Performers
A framework for positioning your company to appeal to, and retain, the top people your business needs to flourish.

Business Coaching Self-Assesment
A transformational coaching tool to determine whether you are ready for action.

The Comfort Zone – Frankel Business Coaching and Development
Perhaps you are already familiar with this insidious disposition. Did I say insidious? How can comfort be insidious?

Getting There Faster
How to get things done, faster than ever before (It’s really simple…)

How to Get Out of a Rut
They say a rut is a shallow grave with two open ends. The good news is that the ends are still open…

Law of Compounding – Frankel Business Coaching and Development
How small changes in a few seperate but related areas of your business can add up to a huge increase in sales and profits.

Ten Things to Consider
Discover 10 critical ideas guaranteed to grow your business while making it more productive and efficient. Discover the 20% that produces 80% of your results.

The Vital Few
How to use the law of least effort, also known as the 80/20 rule, to make a significant difference in your company’s profits and your overall performance.

What Stops You?
Have you ever had a terrific idea which you didn’t act on? This article will stop your procrastinating and keep you in action.

What’s Valuable About Values – Frankel Business Coaching and Development
Understanding your values to improve your business performance immediately.

Will and Vision
It might sound a bit Nietzchean for some people’s tastes, but in our post-911 world, I think these two might be the most important one-word concepts going.

Leadership

Unreasonable Time Management – Frankel Business Coaching and Development
What does it take to make change in your company? How do you get a hold of your time and use it in the best way?

10 Qualities of a Transformational Leader
What does a transformational leader need to know? Who do they need to be?

Breakthroughs Now
Stop reading already. Just pick an idea and get busy…

Creating Breakthroughs – Frankel Business Coaching and Development
Runaway success is never based on incremental improvement. Here is a reliable, repeatable “technology” for creating breakthroughs – unprecedented shifts in capability, performance and results.

Giving It Away: The Art of Delegation
For those of you who find you have too much to do, and not enough time to do the things that count

Four Keys to Effective Delegating
You know you have to delegate if you want to build an effective business. Here’s how.

How to Make Mistakes – Frankel Business Coaching and Development
Making Mistakes for Greater Profits and Satisfaction: Promoting Risk Taking and Eliminating Fear of Failure

Six Ways Bosses Hurt Employee Performance
I’ve counted over 23 ways (23!) owners and managers make it hard form employees to give their best. Here are six of them.

Specific Measurable Results – Frankel Business Coaching and Development
Want to make an immediate and dramatic increase in the overall performance of your company? Try creating a set of Specific Measurable Results (SMR) for each department or functional unit.

Ten Entrepreneurial Mistakes
Any of these common business mistakes can kill your company. Find out how to fix them, fast!

Time Well Spent
The first step towards making the transition from Entrepreneur to Chief Executive, and from manager to leader.

Unreasonable Requests
Ask people for more and they will do more for you.

Visions of Leadership
Vision is a key component of effective leadership. But many people think either you have one or you don’t. Not true! Here are the steps to develop your own vision.

Why Predict the Future – Frankel Business Coaching and Development
Do you ever try to predict the future? Are you ever right? Why do you even bother?

Marketing

Business Strategy: Top Ten Tips and Tactics for a Tough Economy
Here are a few business coaching tips and tactics that will definitely help when things get rough. These tips apply whenever your company needs a boost. You can think of them as turnaround tactics.

7 Steps to Ensure Your Core Message Gets To Your Target Market
How much of your marketing is reaching your prospects where it counts? A lot of what passes for advertising and marketing today bounces right off because your messaging is weak. Learn 7 easy steps to reaching your target market.

25 Ways to Get More Business
Discover these 25 cash producing strategies designed to make you money in the next 30-90 days. Any one of these strategies can grow business immediately, and most are things you probably wouldn’t think of.

Lead Generation 101
Once you get your streamlined sales force up to speed, it’s going to need more people to talk to. Leads! We need more leads. Who hasn’t heard that recently? Learn hard hitting ways to get more leads into your business.

Marketing Brain Trust
They say two brains are better than one. What about 2, 3 or 5? Learn how to get answers to your marketing problems faster and easier than ever before.

Which is Better: New Customers or Repeat Business? (Part 1 of 2)
Creating loyal customers is important in business, but creating new customers is essential. Focus on attaining new clients continually and your business will have breakthrough growth.

Which is Better: New Customers or Repeat Business? (Part 2 of 2)
Creating loyal customers is important in business, but creating new customers is essential. Focus on attaining new clients continually and your business will have breakthrough growth.

Mergers and acquisitions, Investment Banking,
Buying a Business and Valuation

Top 5 Mistakes Business Buyers Make When Buying A Business
Not making these mistakes won’t guarantee your success, but making them will often kill you.

Pricing

Charging Higher Prices: Higher Prices Lead to Higher Profits – Part 1
I know at first glance this sounds obvious…

Charging Higher Prices: Perspectives On Your Bottom Line – Part 2
By now you may be asking yourself, “What should my prices be…”

Equity – The Golden Handcuffs
Specific ways to use equity compensation for attracting and retaining the top people your business needs to flourish.

How to Communicate Value Proposition and Return on Investment
I know at first glance this sounds obvious…

Why Cutting Prices Is Like Cutting Your Own Throat
Don’t cut prices to get business. Add value. At least if you want to stay in business…

Sales

Five Ways to Beef Up Sales & Immediately
Sales stuck? Here are some quick ways to make a big difference. Fast!

Strategic Plans

19 Questions to Supercharge Your Business Plan
asks key questions which will focus your attention on success factors critical to outside investors and to anyone formulating a marketing and product strategy.

Profit Models
How to use business models to produce greater profits.

Critical Success Factors
Focusing on the critical factors for success to really drive your business.

How to Get Things Done: A guide to strategic planning
A step-by-step program for creating a strategic plan and tactical plan guaranteed to help you get more of what you want done.

The Myth of Sunk Costs
Having problems dealing with sunk costs and the time you have spent on this project and that investment? Be unreasonable and make each decision as if there were no past attached.

Never Enough Time
What if there is an alternative to to-do lists, one which focuses you on what’s important, and let’s you dump the rest.

New Year’s Planning
A fresh take on creating (or reviewing) your annual strategic plan. Included is a list of critical factors to address for sustained business success.

Next Year’s Planning
Every businessperson’s favorite sport – with a twist.

Planning For Growth
Are you planning for business as usual, or are you planning for growth?

Secrets of Strategy, Part 1
I’ll bet you think you already have a strategy &

Secrets of Strategy, Part 2
How to create strategies that work profitably in today’s markets.

Seeking Passive Income
What’s involved with making money without effort? Wrong question–there’s no such thing.

Seven Ways to Be Unreasonable
First decide what you really want to do – what would make work worth working and life worth living. Then figure out how to do it.

Strategic Critical Factors Jump Start
The Ben Franklin Program for Focusing on What’s Important.

Strategic Philanthropy
This little known strategy works to increase your company’s profits while doing good things for the community and developing a great reputation. Learn how to make the community see your business as a golden beacon and flood you with more business because of it.

Strategy as Invention
The following article looks at some distinctions between Strategy and Strategic Planning, and offers useful suggestions for thinking about strategy in your organization.

Surviving Survival
Aren’t you tired of sitting around waiting for something to happen?

Ten Crucial Questions for Your Business Future
They may not be the only 10 questions, but your sure better answer them

Thinking About More Business
What does an old Soviet joke have to do with getting more business?

Thinking about Thinking, Part 1
A short meditation on the process of thinking

Thinking about Thinking, Part 2
Working smarter through daydreaming.

Tracking For Profits
You can’t manage what you don’t measure…

What not to do
I am concerned by people’s continually need to get even more done in what seems like even less time. Maybe this will help.

What One Thing
How to find time to do everything…

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What Business Coaching Can Do for Your Organization

We develop high performing organizations by creating a consistent and cohesive culture. Our specialty is high level of communication that produces bottom-line results. We coach CEO’s, leaders, executives and managers in various areas including leadership, communication, relationships, teambuilding, action planning, hiring smart and so on. We are professional business coaches with the commitment of producing results in any small business or organization that has a commitment to improvement.

Our goal is to create profitable organizations that are engaged, empowered, accountable and consistently improving performance. It is our job to put everyone in your organization on the same page and moving in the same direction. There is always a commitment and desired result communicated in every conversation in a performing business culture. This is the key ingredient to having a structure of accountability that will produce bottom-line results.

Leadership, integrity, commitment, accountability and authentic communication are a few of the key distinctions that we use as a baseline for ensuring extraordinary vs ordinary productivity in the organizations we work with.

Mangement Business Coaching and Planning Advisors

Management consulting refers to both the industry of, and the practice of, helping organizations improve their performance, primarily through the analysis of existing business problems and development of plans for improvement.

Organizations hire the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice, access to the consultants’ specialized expertise, or simply as extra temporary help during a one-time project, where the hiring of more permanent employees is not required.

Because of their exposure to and relationships with numerous organizations, consultancies are also said to be aware of industry “best practices”, although the transferability of such practices from one organization to another is the subject of debate[citation needed].

Consultancies may also provide organizational change management assistance, development of coaching skills, technology implementation, strategy development, or operational improvement services. Management consultants generally bring their own, proprietary methodologies or frameworks to guide the identification of problems, and to serve as the basis for recommendations for more effective or efficient ways of performing business tasks.

Management consulting grew with the rise of management as a unique field of study. The first management consulting firm was Arthur D. Little, founded in 1886 by the MIT professor of the same name.[citation needed] Though Arthur D. Little later became a general management consultancy, it originally specialized in technical research. Booz & Company was founded by Edwin G. Booz, a graduate of the Kellogg School of Management at Northwestern University, in 1914 as a management consultancy and the first to serve both industry and government clients.

After World War II, a number of new management consulting firms formed, most notably Proudfoot Consulting, founded in 1946 by Alexander Proudfoot, which implemented sustainable operational improvements within its clients, and Boston Consulting Group, founded in 1963, which brought a rigorous analytical approach to the study of management and strategy. Work done at Booz & Company, McKinsey, BCG, and the Harvard Business School during the 1960s and 70s developed the tools and approaches that would define the new field of strategic management, setting the groundwork for many consulting firms to follow. In 1983, Harvard Business School’s influence on the industry continued with the founding of Monitor Group by six professors.

One of the reasons why management consulting grew first in the USA is because of deep cultural factors: it was accepted there, (contrary to say, Europe), that management and boards alike might not be competent in all circumstances; therefore, buying external competency was seen as a normal way to solve a business problem. This is referred to as a “contractual” relation to management. By contrast, in Europe, management is connected with emotional and cultural dimensions, where the manager is bound to be competent at all times. This is referred to as the “pater familias” pattern. Therefore seeking (and paying for) external advice was seen as inappropriate. However, it is sometimes argued that in those days the average level of education of the executives was significantly lower in the USA than in Europe, where managers were Grandes Ecoles graduates (France) or “Doktor” (Germany), though this is very difficult to quantify given the vastly differing management structures in American and European businesses.

It was only after World War II, in the wake of the development of the international trade led by the USA, that management consulting emerged in Europe. The current trend in the market is a clear segmentation of management consulting firms.[citation needed]

Another branch of management consulting is Human Resource consulting. Such firms provide advice to their clients regarding the financial and retirement security, health, productivity, and employment relationships of their global workforce.

In general, various approaches to consulting can be thought of as lying somewhere along a continuum, with an ‘expert’ or prescriptive approach at one end, and a facilitative approach at the other. In the expert approach, the consultant takes the role of expert, and provides expert advice or assistance to the client, with, compared to the facilitative approach, less input from, and fewer collaborations with, the client(s). With a facilitative approach, the consultant focuses less on specific or technical expert knowledge, and more on the process of consultation itself. Because of this focus on process, a facilitative approach is also often referred to as ‘process consulting,’ with Edgar Schein being considered the most well-known practitioner. The consulting firms listed above are closer toward the expert approach of this continuum.

Many consulting firms are organized in a matrix structure, where one ‘axis’ describes a business function or type of consulting: for example, strategy, operations, technology, executive leadership, process improvement, talent management, sales, etc. The second axis is an industry focus: for example, oil and gas, retail, automotive. Together, these form a matrix, with consultants occupying one or more ‘cells’ in the matrix. For example, one consultant may specialize in operations for the retail industry, and another may focus on process improvement in the downstream oil and gas industry.

Management consulting refers generally to the provision of business consulting services, but there are numerous specializations, such as information technology consulting, human resource consulting, and others, many of which overlap, and most of which are offered by the large diversified consultancies listed below. So-called “boutique” consultancies, however, are smaller organizations specializing in one or a few of such specializations.

Management consulting has grown quickly, with growth rates of the industry exceeding 20% in the 1980s and 1990s. As a business service, consulting remains highly cyclical and linked to overall economic conditions. The consulting industry shrank during the 2001-2003 period, but has been experiencing slowly increasing growth since. In 2007, total global revenues for management consulting are expected to exceed the $300 billion mark.[citation needed]

Currently, there are four main types of consulting firms:

1. Large, diversified organizations that offer a range of services, including information technology consulting, in addition to a strategy consulting practice (e.g. Accenture, Deloitte). Some very large IT service providers have moved into consultancy as well and are also developing strategy practices (e.g. Wipro, Tata)
2. Medium-sized information technology consultancies, that blend boutique style with some of the same services and technologies bigger players offer their clients (e.g. IDS Scheer, arinso).
3. Large management and strategic consulting specialists that offer primarily strategy consulting but are not specialized in any specific industry (e.g. Bain, McKinsey, BCG).
4. Boutique firms, often quite small, which have focused areas of consulting expertise in specific industries, functional areas or technologies (e.g. Heidrick & Struggles, Towers Perrin, the Avascent Group) . Most of the boutiques were founded by famous business theorists. Small firms with less than ca. 50 employees are often referred to as niche consultancies (e.g. Agility Works, iProCon HCM). If they have a unique concept and market it successfully, they often grow out of this segment very fast or are bought by larger players interested in their know how.

A fifth type of global consulting firm is emerging.

Sourcing Advisory services deal with choices between insourcing and outsourcing, vendor selection, and contract negotiations. The top 10 sourcing advisors (as ranked by the Black Book of Outsourcing) were Alsbridge, TPI, EquaTerra, NeoIT, Pace Harmon, PA Consulting, RampRate, Deloitte, Gartner, and Everest.[1] Although a fast growing sector, the largest sourcing advisory practices would likely be classified as boutiques when considering the management consulting industry as a whole – with one of the largest players, TPI, for example, citing 2006 revenues of less than US$150M during its acquisition by ISG.[2]

Management consulting is becoming more prevalent in non-business related fields as well.[citation needed] As the need for professional and specialized advice grows, other industries such as government, quasi-government and not-for-profit agencies are turning to the same managerial principles that have helped the private sector for years.

One important and recent change in the industry has been the spin-off or separation of the consulting and the accounting units of the large diversified firms. For these firms, which began business as accounting firms, management consulting was a new extension to their business. But after a number of highly publicized scandals over accounting practices, such as the Enron scandal, accountancies began divestiture of their management consulting units, to more easily comply with the tighter regulatory scrutiny that followed.

Added to these approaches are corporations that set up their own internal consulting groups, hiring internal management consultants either from within the corporation or from external firms employees. Many corporations have internal groups of as many as 25 to 30 full-time consultants.

Internal consulting groups are often formed around a number of practice areas, commonly including: organizational development, process management, information technology, design services, training, and development.

There are several potential benefits of internal consultants to those who employ them:

* If properly managed and empowered, internal consulting groups evaluate engagement on projects in light of the corporation strategic and tactical objectives.

* Often, the internal consultant has less ramp up time on a project due to familiarity with the corporation, and is able to guide a project through to implementation—-a step that would be too costly if an external consultant were used.
* Internal relationship provides opportunities to keep certain corporate information private.
* It is likely that the time and materials cost of internal consultants is significantly less than external consultants operating in the same capacity.

Note: Corporations need to be conscious of and consistent with how internal consultant costs are accounted for on both a project and organizational level to evaluate cost effectiveness.

* Internal consultants are often uniquely suited to lead external consulting project teams or act as organizational subject matter experts ‘embedded’ with external consulting teams under the direction of organizational management. As a group internal consultants can closely work with, and monitor, external consulting firm delivery, quality, and overall operating relationship.

External firms providing consulting services have a dichotomy in priority. The health of the external firm is in aggregate more important that the health of the client organization. (client objectives are ultimately secondary to that of the strategic goals of the external firm)

Again assuming proper management, internal consulting groups are less likely have a dichotomy in priority. The health of the client organization is in aggregate more important that the health of the internal consulting group. (Put the company objectives first)

There are several qualifications that can lead to becoming a management consultant; they include:

* The internationally recognized Certified Management Consultant (CMC) professional designation.
* Certificate in Management Consulting Essentials (IMC) – UK, Diploma in Management Consultancy (IMC) – UK
* Accountancy qualifications: Chartered Management Accountant (CIMA), Chartered Certified Accountant (ACCA), Chartered Accountant (CA), Certified Public Accountant (CPA), Certified Management Accountant (CMA) Chartered Cost Accountant CCA Designation from AAFM
* Actuarial qualifications: Casualty Actuarial Society (FCAS) – US, Society of Actuaries (FSA) – US, Institute of Actuaries (FIA) – UK, Faculty of Actuaries (FFA) – Scotland
* Finance qualifications: Chartered Financial Analyst (CFA) Certified Treasury Professional (CTP)
* Consulting qualifications: Master of Science in Business Consulting (BCM) Hochschule Furtwangen University Germany
* Consulting qualifications: Master of Business Administration in International Business Consulting (MBA) Hochschule Offenburg University of Applied Sciences, Germany
* Business Administration qualifications: Master of Science in Management -Europe- (MSc.in Management) ,Master of Business Administration (MBA) -USA Canada Doctor of Management ( Ph.D.), Doctor of Business Administration-USA/Canada- (DBA),Master of Science in Management Consultancy (MSc) – UK
* Public Administration qualifications: Master of Public Administration (MPA) -USA/Canada, Doctor of Public Administration
* Project Management qualifications: Project Management Professional (PMP) recognized globally, Master of Project Management (MPM)- USA/Canada
* Advanced Professional Degrees such as Ph.D.s or Master’s degrees in Engineering and Science, M.D.s, J.D.s etc. are specifically targeted by firms like McKinsey, Bain & Company and the Boston Consulting Group. These degrees may also have concentrations in management consulting, international management, or other relevant focus.
* Akademischer Unternehmensberater (Academic Management Consultant) – Austria – incite -institute for management consultants and information technology experts, Vienna

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