Posts Tagged With ‘ Big 5 Performance ’

Many years ago, a business coach and mentor I knew named Gerry Fusco introduced me to a phrase he invented. Return on invested time (ROIT). As business owners and leaders, we know about ROI, ROE, EBITDA, SDE, etc. But have you ever spent any waking hours measuring ROIT? We make plans, build budgets, measure KPIs, and do many other quantitative things to assess business performance yet we seldom ask about the time we spend and the return on THAT! However, time is the one thing that can be the most valuable commodity you manage. Or does time manage you? There are so many related questions to ask... Continue Reading

Trust is a critical element in our everyday lives. The relationships we enter are centered on trust. Whether we are going to work, shopping online, or meeting a stranger, trust becomes the yardstick for how far that relationship may go. For those of you in a significant relationship with a life partner, trust means everything to that relationship. Break the trust and the relationship bond shrivels and dies. Bob Burg is famous for coining the phrase “know, like and trust (KLT).” His teaching says we only do business with people we know, like and trust. It’s a progression of experience that... Continue Reading

Management-run businesses have become increasingly popular in recent years, as business owners recognize the benefits of delegating and collaborating with a team of experienced professionals. Many managers and entrepreneurs are acutely aware that managing a business is much more than just making sure the bottom line is profitable. It involves developing long-term strategies, leading teams, fostering creativity, and much more. In this blog post, we’ll break down what it means to run a business from a management perspective, and why it’s crucial to understand this approach, whether you’re running... Continue Reading

Most managers get their start because they were good workers. They get recognized as being the best performer on the team. There is nothing wrong with that, except… Being a good manager requires a level of leadership. Without the right training and development, you might find that being a manager is a struggle. “Management is about process. Leadership is about people.” To reach your leadership potential, you need to be a fearless, bold, and effective coach. But where do you start? Check out these 7 strategies that will help you become the manager your employees (and company) need you to... Continue Reading

<img width="650" height="433" src="https://i0.wp.com/dougthorpe.com/wp-content/uploads/2023/09/admanity-169788000_l.jpg?fit=650%2C433&ssl=1" class="attachment-medium size-medium wp-post-image" alt="doug thorpe and small business cooaching" style="margin-bottom: 10px" data-attachment-id="21918" data-permalink="https://dougthorpe.com/finding-time-as-a-small-business-owner-the-top-challenges-and-solutions/group-of-multiracial-business-people-working-at-laptops-in-company-office/" data-orig-file="https://i0.wp.com/dougthorpe.com/wp-content/uploads/2023/09/admanity-169788000_l.jpg?fit=2508%2C1672&ssl=1"... Continue Reading

The workplace in the 21st century is made up of people from different age groups and generations. Differences in values, communication styles, and work ethics can create a divide that leads to misunderstandings, tension, and conflict. As an owner, entrepreneur, or executive, bridging the generational gap at work is a crucial skill to possess. It will help you build a cohesive and productive team, foster open communication, and maintain a positive work environment. In this post, we’ll explore some practical strategies to overcome generational differences at work. Understand the Different Generations The... Continue Reading

As a business owner, entrepreneur, or executive, investing in the development of your team is crucial for the success of your organization. Executive coaching is a popular method used to enhance leadership skills, boost productivity, and achieve personal and professional growth. But how do you measure the return on investment (ROI) of executive coaching or business therapy? In this blog post, we will explore the various ways you can evaluate the impact of executive coaching. Define your goals and objectives The first step in evaluating ROI on executive coaching is to clarify your goals and objectives.... Continue Reading