Latest Blog Posts
We have all heard the phrase "Failure to Plan is Planning to Fail". That is why planning, and having a live business planning document is the key to sustained growth in any business. But what stops us from executing our business plan and achieving our goals?
After working with dozens of businesses, there seems to be a few very consistent trends...
1) Business owners like ‘doing’ the work themselves!
There is still a lot of subjectivity in the decision to lend or invest in business.
How can I prove this? Simple! Give your business plan to different lenders – you’ll get different responses. Now give it to investors – you’ll get another set of responses.
There will be some consistent messages– but you won’t get exactly the same response. That’s the subjectivity at work and it is one of the reasons that you need to be talking to more than one investor or lender.
The word Lean was used by James Womack to describe what was found in a study of automotive companies in 1989. Despite the fact that Womack has since gone on to outline Lean practices in non-manufacturing sectors, the initial link with production remains till this day.
Ask 10 people what they mean by the term Lean and you will most likely get 10 different answers. Some view Lean as a relentless cutting of costs and understandably this view attracts few willing participants.
At Business Coaching Ireland, we often ask business owners if they would hire an employee for €30,000 a year and then never check to see if they accomplished anything or even showed up to work. They usually look at us as if we have three heads, and say "Of course not!" We then ask; “Why do you do that with your marketing budget?” That's when we get we the 'aha' moment!
If you want a quick explanation of the changeover from the City and County Enterprise Boards to the new Local Enterprise Offices (LEOs) and you would like to know what services you can access from the LEOs, take a look at this short video.