Real-Time Accounting vs. After-the-Fact Accounting

In the ever-evolving and fast-paced world of entrepreneurship, the journey to success is often fraught with challenges and opportunities. As a business owner, navigating this dynamic landscape, one of the most critical elements that can either propel you forward or hold you back is the quality and timeliness of your financial information. Sound financial information is not just a tool for tax filing; it is the backbone of informed decision-making, strategic planning, and sustainable growth.

The Bedrock of Success: Sound Financial Information

For business owners, sound financial information is like a GPS that helps you navigate from point A to point B. Set up properly, your financial information can provide direction, clarity, and confidence, enabling entrepreneurs to steer their ventures toward success.

Accurate financial data allows you to:

• Make Informed Decisions: With precise financial information, you can make decisions about investments, expansion, cost-cutting, and pricing strategies. It empowers you to evaluate the financial health of your business, identify trends, and anticipate future needs.
• Plan Strategically: Financial information is crucial for creating realistic and achievable business results. By understanding your financial position, as a business owner, you can set goals, allocate resources effectively, and devise strategies that align with your long-term vision.
• Manage Cash Flow: Cash flow is the lifeblood of any business. Reliable financial data helps you watch your cash flow, ensuring you have the ability to meet obligations and seize opportunities as they arise.
• Secure Financing: Whether seeking loans, attracting investors, or negotiating with suppliers, having sound financial information enhances credibility and demonstrates your business’s stability and growth potential.
• Ensure Compliance: Accurate financial records are essential for complying with regulatory requirements and tax obligations. They help avoid legal issues and penalties that could derail the business.

Read more on our website!

Your Gateway to Performance Improvement and Business Success

If you’re feeling some pressure to address the success of your business, don’t wait – it doesn’t take more than a brief phone call…

David is an accomplished and experienced business professional who brings over 40 years of insight to the table. As a business coach, he specializes in helping business owners prioritize their needs. He can help you examine the health of your business and find critical areas which once addressed will result in performance improvement for your business.

It all starts with a single, free conversation. Call 734-726-5208 today for a free coaching session or contact David. Your success is waiting!

Creating a High-Performing Sales Team: Get The Sales Outcomes You Want!

Creating a Sales-Focused organization that is resilient, focused on new and repeat business, and successful in achieving its revenue and profit goals is not transactional. It requires a commitment and the investment of time, energy, and effort with a clear vision of what success looks like. Why not take stock now and find a few areas that will make a difference?

Is your company focused on the right areas, and producing the performance and outcomes you want? Thinking of your current organization, its focus on sales, the culture, employee & management attitudes (mindset), along with sales performance, read the statements below and ask yourself: are these in place and are they optimized?

If your answer is NO to two or more of the following statements, then you would likely benefit from a shift in sales related focus in your organization:

• All employees have a positive view of sales and selling in our organization
• The sales leader meets regularly with the business owner /leadership to ensure alignment of sales and organizational strategy
• Strategic prospecting targets are defined and included in each salesperson’s territory plan
• All employees in the organization understand the importance of sales and the role they play in supporting and increasing both sales and customer satisfaction

Read more here on our website!

Your Gateway to Performance Improvement and Business Success

If you’re feeling some pressure to address the success of your business, don’t wait – it doesn’t take more than a brief phone call…

David is an accomplished and experienced business professional who brings over 40 years of insight to the table. As a business coach, he specializes in helping business owners prioritize their needs. He can help you examine the health of your business and find critical areas which once addressed will result in performance improvement for your business.

It all starts with a single, free conversation. Call 734-726-5208 today for a free coaching session or contact David. Your success is waiting!

High Performing Sales Team: Inspiring Success

What is the view or mindset of your organization toward its sales team? The sales team should be viewed as a high-performance team, no different than a professional sports team. The entire organization (employees / leadership) must get behind the sales team and be supportive, helpful, and passionate about winning, succeeding, and driving results. Something as simple as setting the mindset of ‘everyone sells’ can be a shift in the culture and attitudes embraced by the organization.

Has organizational leadership made clear its go-to-market strategy, along with high value targets? Is the sales manager and sales team equipped and armed with the needed information to carry to prospective customers? Too often sales teams are expected to function just like an owner or leader would, often relying on passion and inside knowledge the sales team doesn’t have access to. Is your sales team set up for success or failure? What information does the owner or leadership have that once shared becomes a game-changer?

We’ve found that many organizations truly want great results, but when it comes to a sales-focused organization with a high-performance team, gaps in this concept emerge. These gaps may include mis-hires in the recruiting of sales team members, not being clear about the role and results expected for the position, and not providing the right tools or direction that supports the optimal success of the sales team. It may be sales management, where success is expected, not celebrated, or assumptions that the team is trained and knows what to do, but no one is checking to see if that assumption is valid.

Creating a Sales-Focused organization that is resilient, focused on new and repeat business, and successful in achieving its revenue and profit goals is not transactional. It requires a commitment and the investment of time, energy, and effort with a clear vision of what success looks like. Why not take stock now and find a few areas that will make a difference?

Read more on our website.

Your Gateway to Performance Improvement and Business Success

If you’re feeling some pressure to address the success of your business, don’t wait – it doesn’t take more than a brief phone call…

David is an accomplished and experienced business professional who brings over 40 years of insight to the table. As a business coach, he specializes in helping business owners prioritize their needs. He can help you examine the health of your business and find critical areas which once addressed will result in performance improvement for your business.

It all starts with a single, free conversation. Call 734-726-5208 today for a free coaching session or contact David. Your success is waiting!

The Gateway to Performance Improvement and Business Success

We’ve found that many organizations want results, but when it comes to a high-performance team, gaps in this concept emerge. These gaps include unsuccessful recruiting of sales team members, not being clear about the role and results expected for the position, and not providing the right tools or direction that supports the optimal success of the sales team. While a sales manager can be key to building and sustaining a Performance Sales Team, each team member must have the potential to grow and excel. An effective sales manager will help grow that salesperson and work to release their potential.

When it comes to creating a high-performance sales team, having, adding, or enhancing talent is critical. A high-performance team needs goals, direction, and feedback about how they are doing, progress toward sub goals (milestones, KPIs) and their approach, acumen, volume of work and effort. They may need to split their time up strategically, so a certain portion of their day is geared toward developing new business opportunities and some of their day to expanding existing business. A sales leader/manager should squarely be focused on the development of strong performing sales team members and working closely with them to refine skills and abilities that result in enhanced performance and therefore better results. All salespeople should be highly focused on their goals that align strategically with the organization – the activities required to build a robust, predictable pipeline and have sufficient volumes in both areas that goal achievement is reliable, predictable, and greater than expected. 

Read more on our website!

Your Gateway to Performance Improvement and Business Success 

If you’re feeling some pressure to address the success of your business, don’t wait – it doesn’t take more than a brief phone call… 

David is an accomplished and experienced business professional who brings over 40 years of insight to the table. As a business coach, he specializes in helping business owners prioritize their needs. He can help you examine the health of your business and find critical areas which once addressed will result in performance improvement for your business. 

It all starts with a single, free conversation. Call 734-726-5208 today for a free coaching session or contact David. Your success is waiting!

Together Everyone Achieves More (T.E.A.M.)

Last month we addressed Sales Fundamentals and Sales Management, part of the Five Business Dangers series. Continuing our exploration of the ingredients for a successful sales program, we’ll now get specific about developing a high-performance sales team, a necessary element for a highly effective sales-focused organization. 

Creating a High-Performance Sales Team:

Together Everyone Achieves More (T.E.A.M.). What goes into building a great, high performing team? In our series, we have addressed elements that include sales process, messaging, the conversations salespeople have, and sales management. We now turn our attention to a high-performance sales team. Critical elements that must come together include people, talent, execution, and effectiveness – all to achieve a desired result. 

Read more on our website!

Your Gateway to Performance Improvement and Business Success 

If you’re feeling some pressure to address the success of your business, don’t wait – it doesn’t take more than a brief phone call… 

David is an accomplished and experienced business professional who brings over 40 years of insight to the table. As a business coach, he specializes in helping business owners prioritize their needs. He can help you examine the health of your business and find critical areas which once addressed will result in performance improvement for your business. 

It all starts with a single, free conversation. Call 734-726-5208 today for a free coaching session or contact David. Your success is waiting!

Do You Need Sales Management Help?

What is your current mindset around sales management?

Thinking of your current sales management situation, read the statements below and ask yourself: are these in place and are they optimized? If your answer is NO to two or more statements, then you would likely benefit from a shift in your sales management solution, mindset, or approach.

• You have a sales manager/leader in place - their primary role is to lead and grow the sales team, coach, and train them, and develop a high performance sales team
• The sales manager meets regularly with the business owner to ensure alignment of sales and organizational strategy
• The sales manager holds salespeople accountable to goals, territory management, and activity levels
• The sales manager meets at least 1x per month 1-2-1 with salespeople for feedback, coaching and support
• The sales manager holds team meetings at least 1x per month

Every sales-focused organization has room for improvement! If you aren’t implementing all the statements above, or only a few, you may need to adjust your mindset or priorities around sales management… it may be time to get some help.

Read more on our website!

Your Gateway to Performance Improvement and Business Success

If you’re feeling some pressure to address the success of your business, don’t wait – it doesn’t take more than a brief phone call…

David is an accomplished and experienced business professional who brings over 40 years of insight to the table. As a business coach, he specializes in helping business owners prioritize their needs. He can help you examine the health of your business and find critical areas which once addressed will result in performance improvement for your business.

It all starts with a single, free conversation. Call 734-726-5208 today for a free coaching session or contact David. Your success is waiting!

High Performing Sales for Your Business

Have you struggled in the past to develop the tools your business needs to thrive?

Are you ready to build a high performing sales team with a solid sales management strategy?

Business leaders and owners understand that more focus is needed on sales efforts in their organization but aren’t sure exactly how to get started, or how to drive positive change when it comes to their sales efforts.

Sales Fundamentals:

Consider the following with your sales team to ensure you’re implementing these sales fundamentals:

• A complete Sales Story (Power Statement) has been developed and is used by all salespeople
• Salespeople speak in terms of client need and challenges, not products and service offering
• Messaging and selling are aligned properly with all marketing efforts
• A clear sales process has been defined for acquiring NEW sales from NEW customers
• The CRM system meets the needs of salespeople and is actively used by all

If you need to refresh the sales message and process to re-energize your sales team, it may be time to seek professional help from a business coach.

Learn more here! 

Your Gateway to Performance Improvement and Business Success

If you’re feeling some pressure to address the success of your business, don’t wait – it doesn’t take more than a brief phone call…

David is an accomplished and experienced business professional who brings over 40 years of insight to the table. As a business coach, he specializes in helping business owners prioritize their needs. He can help you examine the health of your business and find critical areas which once addressed will result in performance improvement for your business.

It all starts with a single, free conversation. Call 734-726-5208 today for a free coaching session or contact David. Your success is waiting!