Turnover is Vanity, Profit is Sanity

Business Coaching: Series Two - Turnover is Vanity, Profit is Sanity

There’s an old saying, “Turnover is vanity, profit is sanity and cash is king!” In other words, just because you’re making sales or turnover, doesn’t mean that you’re making a profit. In this video we’ll take a closer look at these two measures and why you need to pay close attention to both, not just…

Financial Statements Demystified

Business Coaching: Series Two - Financial Statements Demystified

As the business owner, you don’t need to do the books yourself, or even understand the finer details. But it’s vital that you understand the basics. If you’re a business owner that has survived for any length of time then you’ve proven that you have a gut feel for the key numbers that drive your…

Maximise Your Profit

Business Coaching: Series Two - Maximise Your Profit

What is the primary aim of your business? It should be to maximise profit!All the other great things you’d like to achieve through your business won’t happen unless your business becomes sustainably profitable. You can argue all you like about Silicon Valley start-ups where it seems to be all about growth and market share with…

Giving Back

Business Coaching Video: Personal Growth - Giving Back

Chances are that somewhere in your list of reasons for starting your own business there was something about helping others, whether they be members of your local community or a certain cause that you’re interested in. But have you ever noticed that if you’re a business owner, you’re automatically assumed to be wealthy? You’re bombarded…

Taking Collective Action

Business Coaching Video: Personal Growth - Taking Collective Action

As business owners we’re often very ‘self reliant’ and ‘self made people’. But in any industry, individual businesses do best when they understand that they’re part of a wider ecosystem and need to stay connected, just like a branch and its leaves will die unless they’re connected to the tree. Yes, this does mean speaking…

Health, Diet and Exercise

Business Coaching Video: Personal Growth - Health, Diet and Exercise

You are not a machine! Your state of health directly affects how well you perform in your business. Physical, mental and spiritual health are areas that I’ve paid a lot of time and attention to in my own life. So I’m motivated to share all the hard-won experience that I’ve learned, especially with fellow business…

Big Rocks First

Business Coaching Video: Personal Growth - Big Rocks First

Following on from our last video, we ask how well do you manage your time? No matter how wealthy or successful we become, we cannot buy any more hours in the day. We all have exactly the same 24 hours per day, seven days per week and 52 weeks per year. So why is it…

Urgency vs Importance

Business Coaching Video: Personal Growth - Urgency vs Importance

Do you find yourself wanting to do more things than you have time to do? Do your days seem to race by with half the things on your ‘to do’ list still not done by the end of the day? If your answer is Yes, then welcome to the club! Just about anyone with any…

Work Life Balance

Business Coaching Video: Personal Growth - Work Life Balance

Surveys show that self-employed business owners on average work longer hours than typical wage earners. You don’t have to scratch too far beneath the surface with many business people before you’ll hear a comment like, ‘I know I should be spending more time with my family’ or ‘I wish I could spend more time with…

Taking Personal Responsibility

Business Coaching Video: Personal Growth - Taking Personal Responsibility

The world of business can be brutal. There’s no safety net. It’s survival of the fittest. If you have a tendency to sugar coat the facts or worse still, avoid them entirely, then there’s a strong chance that they will come back to bite you. You need to take personal responsibility for your actions and…