Three Questions To Determine Whether You Need An Executive Coach

The decision to use an executive coach is an important one. Here are three questions to help make that decision:

1. Do I Consistently Accomplish My Goals?

Successful people set SMART Goals and accomplish them on a consistent basis.

SMART Goals are:

  •  Specific
  • Measurable
  • Attainable
  • Realistic
  • Timely

Successful people have a common characteristic in that they live a goal-oriented lifestyle. They do not accomplish every goal, but they do attain them on a consistent basis. But this takes time and effort. This should be a major component of any executive coaching program or process.

2. Do I Hold Myself Accountable For Results?

Accountability is the expectation or assumption of account given behavior. The ability to do what you say is a key ingredient to business and personal success, and also one of the key indicators of leadership ability.

Organization and the ability to prioritize are crucial for anyone to obtain success. Life can be chaotic and busy and it is easy to get off-track. Professional lives and personal lives can get mixed together at times. Which makes success rarely a straight-line affair.

A coach is a person who can be relied upon to keep you on track. The ability to talk to a person who can give you an outside perspective can be very helpful and encouraging.

3. Do I Solve Problems Effectively And Efficiently?

Problems and challenges will always be present. Business owners and professionals must constantly be up to that next challenge. Balancing professional and personal lives is a challenge that all people face. The ability to properly identify the problem and devise the proper solution in a timely manner is crucial for success in business.

Executive coaching is a great way to deal with problems and challenges. Executive coaches bring a fresh perspective to the table that allows for innovation and creativity to be expanded upon in diverse and unique ways.

What If I Answered “I Am Good” To All 3 Questions?

Congratulations! But what if you could be GREAT at all three?

How Small Businesses Can Improve Cash Flow

One of, if not the biggest, challenges facing small businesses is cash flow. The simple fact is that up to 70 percent of business fold in their first year, most because of cash flow.

Many turn to a bank for a line of credit, or turn to other types of financing to get them over the hump. It’s a simple solution for continuing to pay bills and employees on time.

That said, there are ways to keep the cash flowing even during rough patches.

Stay on top of your money on a daily basis. Make sure everything is in order.

  • Budget for the off-season. Don’t make the mistake of not accounting for a slower business season.
  • Don’t be afraid to ask for payments upfront. And don’t be afraid to reward customers who pay early.
  • Digitize your receipts. Take advantage of mobile apps to take pictures of receipts and upload them.

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