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See all of our business-related blogs written by our business coaches.
ActionCOACH iNala’s Proven Formula for Growth Running a business is one of the most rewarding journeys you can take—but let’s face it, the path to profitability can sometimes feel like an uphill battle. The good news? There are 5 [...]
Why Productive Teams Matter More Than Ever There are so many things you can do to increase team productivity in your business. And behind every successful business is one thing, a winning team. You can have the best business [...]
A lifestyle business and a growth or value creation business differ chiefly in their goals, scale, and potential for growth and profit. Lifestyle Business This is a type of business that is set up and run predominantly to maintain a [...]
When it comes to investing in your business, the question of whether to prioritise cash flow or Business Coaching can be a challenging one. Both are crucial for the success of your enterprise, but which should come first? Let's explore [...]
In the dynamic landscape of business, the value of investing in employee training is widely acknowledged. However, what happens when a considerable investment in training is made, only to see trained staff depart? This scenario is not uncommon, and it [...]
1. Financial Management According to Jessie Hagen of U.S. Bank, as cited on the SCORE/Counsellors to America’s Small Business website http://www.score.org the main reasons small businesses fail: 82% – Poor cash flow management skills/poor understanding of cash flow, 79% – [...]
When your business is growing revenue, it’s also growing the amount of money owed by clients through a growing amount of debtors, growing overheads with a change in your staff numbers, hiring qualified people to manage different areas of your [...]
I have recently read the book. JEFF SANDS is a corporate turnaround specialist who has devoted his career to saving businesses, jobs, and the communities they support. He grew up in a family manufacturing business and returned in his thirties [...]
An effective remuneration system is essential to attract, motivate and retain skilled employees. Here are some important elements that constitute a good remuneration system: Competitiveness The overall pay package should be competitive compared to other organisations in the same [...]
Determination A strong drive is necessary for overcoming obstacles and meeting company goals. Determination often is what separates successful entrepreneurs from others. Risk-taking Business requires making decisions that may involve considerable risk. Being a risk-taker isn't about making haphazard decisions; [...]
Successfully implementing strategic plans and executing business strategy is a vital aspect of corporate success. Here are some steps that could help ensure effective execution: Set Clear Goals and Objectives Clearly define your goals and objectives. This gives you a [...]
Designing a company's strategies involves comprehensive analysis, planning, and implementation to ensure the company achieves its goals and objectives. Here's a step-by-step guide on how this can be done: Define Your Vision Start by defining the company’s long-term vision. Where [...]
The expectations for net profit as a percentage of revenue and return on investment (ROI) in a small to medium enterprise (SME) can vary significantly based on numerous factors such as the industry, geographical location, stage of the business, [...]
Delegation is a vital management skill, allowing you to allocate tasks efficiently while also developing your team members. Below are the critical steps: Identify the Task First, determine which tasks are necessary and can be delegated. They should not [...]
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ActionCOACH Team
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