A sneak peek at this week’s business owner workshop

This Thursday, I will be leading the ExpressWay to Growth (TM) workshop “The Challenges of Growing a Business in 2014” for 12 business owners. In advance, I’ve asked the attendees to reply to me with their answer to this question:

If you could learn one thing, solve one problem, or answer one question, what would it be?

Here are the responses I’ve received. After each one, I’ve added the ExpressWay to Growth (TM) Accelerators that relate to it:

  1. Great leaders and innovators like Steve Jobs had a vision for what his company would be — what it would stand for. It had nothing to do with the products or services. It was bigger than that. Others like Richard Branson, Paul Orfalea (Kinko’s) and Fred Smith (FedEx) had/have visions they believe(d) in. Throw in Zuckerberg and countless others. How do you know when it’s right? There are countless others who went “all in” and it did not work out. What is the difference between those that made it work and those that did not? Is it personality? Confidence? Vision? Luck? Drive? All of these? Accelerator #1: Why are you doing this? and Accelerator #8: How do you lead the way?
  2. How to manage less and lead more. How do you lead by example when your job is completely different? Accelerator #8: How do you lead the way?
  3. Learn one thing: How to tether the line between operational efficiency and being a lean company. Answer one question: How to create accountability to marketing spend. Solve one problem: Help folks to figure out their brand idea- that one thing that differentiates their company from any one else in the world… and more importantly, how to communicate that to their potential customer. Accelerator #3: Where do sales come from? and Accelerator #5: Where do you excel?
  4. Learn how to better organize and prioritize my tasks/projects. Accelerator #5: Where do you excel?
  5. What is the best way to penetrate markets to grow the top line outside of the standard broadcast marketing programs?  Target networking?  Join different Chambers?  Join affluent organizations? Accelerator #3: Where do sales come from?
  6. Getting more market share in an increasingly competitive market while still maintaining profitability.  Decisions are still largely based on the low cost provider, yet the quality of service and the delivered project can vary. Accelerator #4: Why do customers buy from you?
  7. How can you run you company with a more democratic authority structure, but still reach the goals that one has as the owner of a business? Accelerator #1: Why are you doing this? and Accelerator #2: What is the personality of your business?
As you can tell, we have a wide range of relevant topics to discuss, from the very strategic to the very tactical. Not surprisingly, the topic of interest that pops up the most is around the challenge finding profitable customers in an efficient way.

From Around the Web

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Leadership Team Development Tip #2

http://www.power2transform.com/leadership-team-development-tip-2/

Leadership Team Development Tip #2

Leadership Team Development Tip #2

http://youtu.be/mOTxZq8XWpk

A leader that attended one of our workshops wanted to know how she and her team could learn from mistakes they make at work. Watch the video to discover the tip I shared so she and her team can develop the ability to learn from mistakes and fail forward.

Author: jbentley1005

From Around the Web

Is Your Business Accessing the Right Permits and Licensing?

Finding Legal Answers Online

legal adviceYou will need to apply for the right company permits and licenses, to be able to manage your company lawfully. Our team has more than 40 years of combined expertise in company and commercial law, and we’re small business owners ourselves.

Key recommendations were supplied by the pupil team for this landmark downtown company for future growth and expansion. What’s successful for one company might be a waste of time for another.

The Centre accepts applications through the year for this yearly plan. Since each company differs, there is a unique strategy needed when any specified company is attempting to address a present issue or evaluate their utility later on. We really love working with local corporations, family businesses and local business owners to help them solve business problems.

Supplies advantages to companies through new ideas and creative options that provide real business results. Talking engagements let you enlarge your clientele, your audience, and therefore.

No Two Companies Need the Same Legal Advice

We understand that each company differs and has unique issues and needs. Our business consultants are paid professionals with wide-ranging, practical expertise in areas including business preparation, businesses and marketing, finance & accounting. Company support may be limited by on-going demand for SBDC services, and is established on a case by case basis.

Join your service company to grow and reach more solo entrepreneurs and micro business owners. I have been a a company owner for over 30 years and a professional salesperson for over 20 years and have come to understand that in regards to thoughts and advertising, business theories, a company owner can not find the forest for the trees.

We’re in the unique position of understanding small business and your sector. We offer risk management, hazard avoidance, and claims resolution services in order to concentrate on your company. The pupil team was needed by candle Makers to assess all facets of the company including in store merchandising of its various products.

Are You Seeking Information About Management? Then Take a Look at These Great Pointers!

When attempting to be a leader and learning all you can to do your best, you need to have complete info to excel. This post is full of quality tips you can use to hone your management abilities. When you have completed these steps, you will be more prepared to give it your all from day to day.

Never presume that your target group are mindreaders. Use precision in your communication and let people express follow-up concerns about tasks. If you do this, you won’t have to micro-manage them as soon as the task is theirs.

Being definitive will make your leadership abilities much better. When you are a leader, you will have to be decisive. If you are one of a group that is divided about how to solve problems, it is very important that you pick options that will benefit the entire group rather than only a couple of individuals.

Be honest when handling others. A truly successful company is an ethical one. Knowing that a business is honest makes consumers trust them far more. By cultivating a culture of morality within your company, you can help folks follow the rules more diligently.

If you desire to be trusted as a legitimate leader, never ever act like a know-it-all. You may think you have the best ideas and are right, however know that others can also help you reach decisions. Others may be much better able to see things that you cannot, such as methods to improve a specific procedure or a particular defect that has to be treated.

To be a reliable leader in business, never ever lower your standards in order to compete. If your competitors are trying a technique that you don’t feel comfy doing, then uncover a different means to compete. There are countless methods to do things, and you have to seek them out. If you can develop a new trick to compete, you’ll feel much better with your decision.

Set objectives and goals for the whole business. Setting goals helps your group reach for the stars. Don’t just set them up and then ignore them. Hold  monthly meetings about your objectives, and make certain that the entire team shares responsibility for achieving them.

Leaders listen more than they talk. Being an excellent leader is everything about hearing what others need to say. Actually listen to your employees when they speak. This indicates that you pay attention to the good comments as well as the grumbles. Hear when they inform you about how the business is managing things. You may be amazed at exactly what you can discover by just listening a tad amount better.

Stand by exactly what you say. Leadership starts with responsibility for exactly what you say and do. How you act figures in the outcome of numerous things in your business. If you have actually done or said things you ought not have, you need to fix it. It is not up to others to resolve these problems.

Don’t end up being compulsive about winning. In today’s world it can actually be simple to break down functions into objectives, stats, and spreadsheets. This assists you to break down objectives and measure progress. If you attempt success when working, the wins will pile up themselves.

Work to build cooperation within your team. Be there so that your employees can talk about issues, and afterward you can provide your finest response. This allows them to handle their daily tasks without micromanagement.

All staff members make errors, however a wonderful leader can ride through it as a teaching device to assist them to improve. Make the effort to share how the decision affected things in a way that wasn’t favorable. Assist them to see efficient courses to require to make certain it doesn’t happen once again.

Choose your impulses. One reason that you’re a leader is the reality that you have instincts that always lead you to efficient places. Of course, you’re going to make mistakes from time to time. Rather than swelling your mistakes, learn exactly what you can from them. However remember them; you require to discover from every moment like this.

As a leader, or manager, it is your responsibility to make sure the convenience, and safety, of all group members. A workplace that is physically awkward for your staff members will certainly lead to lower productivity and a loss of morale. Try to find methods to improve your employees’ work scenario.

If you are a leader, know that you’re a servant versus an employer. Your clients, customers and workers will need your support and support regularly. This will certainly construct your success through the roof.

Excellent leaders play an important duty, for instance, by making things simple for everyone or by striving others to succeed. Leadership can be found in many various kinds, and in order to achieve terrific things you need to make the most of the capabilities and talents of all those around you. Keep all things you’ve discovered here in mind to really become the finest leader you can be.

An interview with Daniel Goleman, Psychologist. See how you can make use of psychological and social intelligence to enhance your very own and your organization’s performance.
Video Rating: 4 / 5

accounting

How Much In-House Accounting Should Small Businesses Do?

It may be difficult to recall, but just 30 years ago it was nearly impossible to imagine small businesses bringing the day to day accounting function into their own house. While personal computers had begun to play a regular role in business offices, there had yet to be seen an affordable, customizable software package on which operations could be recorded.

Long before the PC, internal accounting was conducted by clerical staff when practical, but even more often it was handled by independent accounting firms who then reported operating results back to company owners and management on a monthly basis. Often, those same firms would prepare payroll tax reports and quarterly estimates before finishing the year by preparing the annual tax return.

Old habits die hard, so when PCs first came along, very little changed for in-house accounting. But relatively inexpensive platforms like Peachtree and QuickBooks arrived shortly thereafter and began offering small business owners a financially viable alternative to outsourcing.

I’ve done it both ways in my career: actually been a part of the in-house accounting team and have also hired the service out as a leader of a business. Here’s an article that I saw today that not only talks about in-house accounting but then goes on to discuss the decision about other accounting and tax functions. It’s really an excellent analytical piece and mercifully brief.

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Are You An Excellent Leader? Idea And Trick On Improving Your Abilities

It can be hard to establish strong management abilities if you have never ever worked under an efficient leader. Enhancing your skills in this area is vital to your total success as a leader. The suggestions that follow will no doubt assist you on your trip to becoming a respected leader.

Let your team understand exactly what you expect. Your objectives and goals ought to forever be a compass for you. Make sure your team gets a concept of what the bigger image is about so they can celebrate their successes. One simple method is to provide direction and develop a healthy professional relationship.

Honesty is essential in leadership. Any good leader must be trustworthy. As you demonstrate your skill as a focused leader, maintain honesty and full transparency with those around you. When people understand they can trust and rely on you, they will grow to respect you as a leader.

Any efficient leader has to focus on days to come. You need to understand what’s next and adequately prepare for it. Of course, you can’t always understand exactly what will transpire, but it is very important to hone this skill in time. Keep asking yourself about your objectives for the next year, or perhaps 6 months, so you can drive to the ideal result appropriately.

When you are in a leadership role, focus on individuals and the work will care for itself. Inspire and encourage your employees. Without placing too much scrutiny on specific tasks, encourage the team to perform well overall.

Keep in mind, no matter how great of a leader you are, you still have enormous room for development. Embrace advice from your colleagues and hear their ideas with an open mind. They can improve your plan with their top ideas.

Synergy is something to always bear in mind. Make certain you understand your goals. Also remember specifically what your company objectives are. They need to be lined up and have resemblances. Always strive towards exactly what’s best for BOTH you and those around you. If this isn’t possible, be willing to show that you regret show.

Work on your composing skills. Being a leader includes even more than your vision and the method you hold yourself. You should have the ability to articulate yourself. If you make use of poor grammar and misspell words, it’ll be challenging for your company partners or associates to look at you as a leader. Keep in mind of this, and pay attention to what and how you compose.

Great leaders pay attention to their team and value their feedback on problems. They can offer concepts on enhancing all aspects of company. Don’t believe two times about asking the viewpoints of your team. This will certainly show your workers that you trust them.

Do not seclude yourself. Many people can improve and expand the whole group. As you lead, bring everyone together to share ideas and decide. This will certainly free you up to lead.

Don’t enable favoritism to affect the work environment or other employees ideas. Pay attention to everyone with interest, regard, and an open mind. An effective leader constantly treats his group in the very same manner where he would like to be treated himself. Being fair is one of the very best qualities of an excellent leader.

Understanding the weak points and strengths of each team member is crucial to good management. Variety can be harnessed to create success. Comprehend your workers separately. To construct trust, it also helps to inquire about their family and individual life.

Management can put big needs on those who lead. These needs regularly make it tough to reserve quality time for your friends, household and other interests. Remember that being well-rounded and delighted will certainly make you a better leader. So make sure to construct in some playtime so that you can enjoy your life.

Never imitate you are better than your employees, and constantly be there for them. While you are the true leader, it assists to see yourself as an employee as well. Don’t attempt to do everything alone! The team you have surrounding you is what will certainly make or break you, so make sure that everyone feels important.

You must learn ways to guarantee your decisions as a leader. If you wish to be seen as a good leader, it’s needed to make snap decisions and take liability for them. Employees aren’t going to like following a leader that does not have a clue ways to make their mind up. If you keep changing your decision on important issues, it will certainly damage the confidence of individuals who trust you.

There isn’t anything that comes close in company to a business that has a great leader who knows what they’re doing. However, if you don’t understand exactly what goes into being an excellent leader, you most likely will not understand how it’s possible to be one. Ideally you can utilize exactly what you have actually read here to assist you get on an efficient course.

There are lots of management programs readily available today, from 1-day workshops to corporate training programs. But most often, these will not actually help.
Video Score: 4 / 5

A Restaurant in St. Michaels That You Must Try

I think we all enjoy a good restaurant. And I, in particular, enjoy a good seafood restaurant. that’s probably because I was raised on the Eastern Shore of Maryland, an area known as Delmarva because it bridges both Delaware and Virginia.

front-streetMore specifically, the Eastern Shore is home to the best of the world famous blue crabs. The fact that they’re so delicious on the peninsula is probably owing to equal parts climate (breeding and growing conditions) and the particular concoction created in the area and now famously known as Old Bay seasoning. It’s spicy, savory and and the specific recipe is kept under lock and key at the McCormick Spice Company – but it is amazing and blends perfectly with the sweet flavor of blue crab meat.

I had a phenomenal crab cake sandwich the other day at a relatively new restaurant and bar in small town St. Michaels at a place called Front Street. It turns out that the chef who prepared this culinary treat is classically trained, but not a native of the Eastern Shore. His name is Eric Nunamaker, and he forms the “kitchen half” of the duo that everyone in the area now calls Mike & Eric for their growing reputation as Eastern Shore foodies.

The “Mike part” is Michael Whittington, a native of the Shore who is completely in his element when whirling around the bar and dining area interacting with patrons. His laugh and personality are both informal and inviting. As host of Mike & Eric’s, he is certainly in his element.

I may be a creature of habit in ordering the crab cake sandwich, as their menu branches out in directions that aren’t local at all. What’s really obvious is that Eric is born to prepare sauces that tantalize. His flavorings are strong parts of recipes that involve lamb or steak, too. As I said, the menu will take you into places that amaze!

Third partner Randy Schiera joined the mix with this opening. He can be seen in both kitchen and dining room, but what really shines with his involvement is his ability to create mouthwatering quiches for the daily special. Paired with a light and refreshing salad – the Watermelon salad itself can bring any brutally hot day back in line – the quiche du jour is is an inexpensive lunch item that has St. Michaels abuzz.

I could ramble on and on about the entertainment and bar atmosphere, or even the dig-friendly back deck. And yes, they really do hope you’ll bring your pooch! Mike has two dogs of his own and will steal your pet’s heart with treats and cuddles. I saw it first hand as he did the same with my flighty terrier-chihuahua mix, who clearly loved the experience.

My suggestion is to go go go. It was fun, casual and friendly. But the food that comes to your table from the kitchen is made with all the attention in the world. What a perfect combination for an evening out, or a quick St. Michaels lunch treat.