Archivio tag: Best business coach in india

Financial Wellness and Employee Well-being: A Strong Foundation for a Healthy Bottom Line

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Recently, the financial stress weighing on employees has taken centre stage, significantly impacting employee well-being.

A series of lockdowns between 2020 and 2022 left 21 million people unemployed, with the income of about 97% of the households declining. Subsequently, geopolitical tensions in Ukraine and Global Macroeconomic Uncertainty has meant that the cost of living has gone up.

Inflation soared to 6.7% last year on the back of huge rises in fuel and food, leaving many households with challenges.

According to a survey by EY, a study showed that 81% of Indian employees faced financial shortfall between pay cycles, and nearly half reported that they were stressed about their finances.

Why does this matter for businesses?

Well, employees grappling with financial insecurity often demonstrate a dip in their productivity, impacting the company’s performance, be it sales, service, process efficiency and profits.

Nearly three-fourths of employees said financial worries had a negative impact on their productivity.

A few organisations have recognised this predicament and pre-emptively given benefits and support through this challenging period.

However, a glaring challenge persists in transparency, especially when it comes to most companies outside a handful.

A majority of employees don’t feel comfortable sharing information about their finances based on a survey.

As we progress into the year, understanding and supporting employee financial wellness is pivotal for thriving workplaces.

By integrating robust financial well-being programs, companies aim to enhance employee well-being, drive productivity, and curtail absenteeism, attrition and related costs.

Visit the recent article posted by a business coach for entrepreneurs highlighting the vital link between financial wellness and employee well-being, stressing the impact of financial stress on productivity. It suggests tailored financial wellness programs and measurement strategies to create a positive work environment and boost overall employee happiness and efficiency.

Unleashing Growth Potential in a Challenging Sales Environment

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In today’s dynamic commercial landscape, sales professionals face ever-growing challenges that demand innovative solutions. The once straightforward sales process has evolved into a complex and intricate journey, making it essential for businesses to adapt and thrive. Studies show that a majority of sales professionals find the selling process more arduous than before, and startups are grappling with longer sales cycles. The scarcity of leads, increased costs, and overall prospecting inefficiency necessitate a growth mindset to strategically position businesses for success.

Ready to thrive? The recent article shared by the Best Business Coach in India explores insights on how to unlock the key secrets to thriving in a challenging sales environment, empowering your business to soar above obstacles and achieve sustainable growth.

Business Coaching Growth Stage: A Game-Changer for Businesses

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Coaching has evolved from a luxury to a strategic necessity in the corporate world. Extensive evidence supports this shift, highlighting the remarkable return on investment (ROI) of coaching.
Studies reveal an impressive 529% ROI, along with substantial intangible benefits for businesses. When considering the financial gains associated with employee retention, the ROI skyrockets to an astounding 788%.
A dipstick conducted among 30 participants further validated these findings. Three-quarters of the respondents reported a significant to a very significant impact on at least one of nine key business metrics as a direct result of coaching. 60% of these individuals were able to identify specific financial benefits stemming from their coaching experiences. These compelling statistics underscore the transformative power of coaching in driving positive outcomes for organisations.
Regardless of the growth stage, businesses of all sizes recognize the profound impact of coaching in all stages of business growth.
From fledgling startups to established Fortune 500 firms, coaching has emerged as a game-changer, providing invaluable guidance, support, and strategies that pave the way for sustained success.
Coaching is not just about surviving in the competitive business world—it’s about thriving and achieving remarkable results.
Explore the incredible power of coaching in the corporate world and how it can unlock the potential for success. The recent blog shared by Business Growth Consultant shares insights on how coaching drives professional growth, enhances leadership abilities, and fosters.

What is networking in business?

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In the intricate and ever-changing world of business, there is a crucial, unwavering element which drives success – Networking.

Business Networking is more than just a trendy term. It is the heartbeat of contemporary entrepreneurship. 78% of new ventures have been propelled to prosperity due to networking.

It is a calculated means of gaining a competitive edge, securing almost a quarter more clientele through forging personal connections.

One can view networking as a resource-rich ecosystem waiting to be harnessed.

The importance of networking in business goes beyond customer attraction. It also provides recruitment opportunities and opens doors for increased profits. Additionally, it provides critical industry insights.

Effective networking is a powerful tool that is often overlooked in the business world. Honing networking skills cements your company’s future and heightens your business prowess.

Are you ready to utilize networking and elevate your business to the next level?

Read our full blog to learn more about what is networking in business, its importance and how to Build Strong Relationships in business Networking.

Elevating Business Growth: The Importance of a Growth Mindset

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Do you have a growth Business Mindset?

Are you bullish about your growth?

Are you innovating, taking calculated risks to scale?

Is your business agile to pivot to manage change?

If the answer to any or all of the above is ‘no’ or a ‘maybe’, it’s a wake-up call.

A growth business mindset is essential in today’s competitive market to stay relevant and increase market share. This mindset keeps the focus on growth and increases customer value. It also attracts investors and talent.

It’s a mindset that pushes entrepreneurs to continuously challenge themselves and scout for opportunities, resulting in increased profitability and success.

Challenged with finding your chi, engage a Business coach, your best worst friend who will help you develop a growth business mindset and make you accountable.

Do not be the person to hold back your growth. Take action. Connect with the team Ethique Advisory, and we would be happy to work with you towards your business’s success! Contact us today to learn more about how you create a mindset for business success.

Start your journey towards achieving a better work-life balance.

Top 4 Benefits of Hiring a Business Consultant

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In today’s competitive business environment, it is essential to have a strategic plan for growth and success. However, many businesses need help to identify and execute effective growth strategies on their own. This is where a growth consultant can make a significant difference.

A growth consultant is an expert in identifying growth opportunities, developing strategies to achieve them, and executing those strategies for maximum impact. They can provide valuable insights and expertise to help businesses overcome obstacles and achieve growth goals.

This article will highlight the importance of hiring a growth consultant for your business. We will discuss how a growth consultant can help businesses:

Identify growth opportunities: 

A growth consultant can help businesses identify new markets, products, and services that have the potential to drive growth. By analyzing market trends, consumer behaviour, and industry data, they can identify opportunities that may need to be apparent to the business.

Develop growth strategies: 

Once growth opportunities have been identified, a growth consultant can help develop strategies to achieve them. They can provide a fresh perspective and offer innovative solutions that may have yet to be considered by the business.

Execute growth strategies: 

A growth consultant can help businesses execute their plan by providing guidance and support. They can help identify and overcome obstacles, monitor progress, and adjust.

Improve overall business performance: 

By working closely with the business, a growth consultant can help identify weaknesses and provide improvement recommendations which result in improved efficiency, increased profitability, and enhanced competitiveness.

In conclusion,  hiring a Business growth consultant  can provide businesses with a competitive edge by identifying growth opportunities, developing effective growth strategies, and executing those strategies for maximum impact. Companies can position themselves for long-term success and growth by investing in a growth consultant.

Ready to take your business to the next level? Contact the  Best Business Coach In India , Ratish Pandey, to achieve your goals and unlock your business’s full potential.

Guide to effective time management strategy

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It is usual for business owners to feel overwhelmed by tight schedules. Between chasing new leads, attending client meetings, and managing employees, it can be easy to lose track of the number of hours spent in a business. Some business owners work between 16-18 hours a day yet complain that most of their tasks remain pending. A study conducted by Harvard University found that businesses lost $ 65 billion in revenues after failing to meet their required deadlines. Business owners, especially those running startups, SMEs and MSMEs, must focus on honing their time management skills. It is vital on two accounts, to transition from working in the business to working on the business, and secondly, to reduce the loss of opportunities because of the inefficiencies of poor time management.

Why is Time Management Important Strategy for Business Owners? 

As an entrepreneur, you are constantly challenged to do more in less time. Time management skills help you organize, plan, and control the time spent on each task. Unlike employees, Entrepreneurs are their bosses and can decide how they allocate their time between activities; in the process, they often miss out on prioritizing by accountability, thereby losing the plot.

Drawbacks of Poor Time Management Strategy

Poor time management Strategy leads to missed deadlines and rushed submissions, which translates to shoddy output, unsatisfactory or delayed client delivery, and client dissatisfaction.

Over time poor time management adversely affects the health and brand of the organization. Delayed decisions and high pressure on deliverables drive teams to extend themselves, resulting in stress & a strained work-life balance. Unhappy customers bring in bad reviews, increased dissatisfaction, and loss of self-esteem among employees. Disengaged and demotivated employees lead to increased employee turnover earning a poor reputation as a workplace of choice, which further makes recruiting talent a challenge.

Click Here  to Know how Business Owners Can Effectively Manage Their Time 

The formula for Sustained Business Success

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Have you ever heard of an entrepreneur starting a company to make ends meet rather than profit? Not!

Every entrepreneur aspires to be in the most prosperous phase of the economic cycle. It’s a great dream but making it a reality is another story. Businesses begin with BHAG goals and a vision for success.

Growing a firm requires the right intellectual assets, strategic partnerships, services, or goods that address unsatisfied customer needs or fulfill a demand gap in the market. A sustainable company model requires a strong operational foundation to decrease long-term risks.

Understanding sustainable business growth and how it is measured should come first.

What does “sustainable growth” actually mean?

Business sustainability is the balancing act between growth and resilience. The kind of growth that a company can achieve practically without running into problems is sustainable growth. A business that grows too quickly can have trouble finding the money to expand. A business that develops too slowly or not at all can eventually become stagnant. The objective is to determine the ideal growth rate.

The secret to a company’s long-term success is in it.

What does a sustained growth rate mean?

An organization’s sustainable growth rate (SGR) is the highest level of growth it can achieve without needing outside financial support in the form of equity or debt to finance its expansion.

Finding a sustainable growth rate for an organization can be challenging because it requires assessing external factors that might limit development. Market dynamics and social and economic factors are examples of external factors.

I suggest using the series of steps to maintain an enterprise’s momentum for business success:

  1. Adopt a business-minded mindset.

  2. Be a great leader if you want to succeed in business.

  3. The dream team should be invested.

  4. Risk should be befriended rather than avoided.

To Read More, click here.

Connect with Ratish Pandey – “The top business coach in India”

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What type of leader are you? Reactive Or the Creative?

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What is Your Leadership Style?

The Leadership Style of a manager significantly weighs on a firm’s performance.

A study conducted across half a million firms showed that the top 10% of high-performing firms had managers and founders that scored in the top 20% in leadership effectiveness. In contrast, the companies that scored in the bottom 10% had leaders score in the bottom 30% of leadership effectiveness.

Therefore, a company needs to evaluate its managers’ leadership effectiveness. For that, it is vital to understand the styles of Leadership. While there are several styles often discussed in this blog, we shall focus on two broad types that all leaders can we classified as Reactive Leadership & Creative Leadership.

What are Leadership Styles?

A leadership style refers to a leader’s approach when managing people / teams reporting to them.

Leadership styles determine how managers execute the path to achieving the company objectives while meeting stakeholder expectations and the team’s well-being.

A study by Daniel Coleman analyzed 3,000 managers, and they found that the Leadership style directly impacted 30% of the company’s profits.

Effective leaders  inspire, delegate, empower and develop their direct reports.

Leaders fall into one of two categories based on their leadership style – Reactive or the Creative Leaders.

Reactive vs Creative Leadership

Reactive Leaders are those who decide in a reaction to a situation. They seldom think long-term. Their focus is on responding to the situation at hand.

Depending on the individuals’ inherent strengths, reactive leaders can be compliant, controlling, or protective.

Reactive leaders are a little stuck in the mud and are not good at responding to change. Being out of their comfort zone, they operate out of insecurity, fear, vulnerability, and self-interest. Typically, individual contributors having earned the elevation to the manager role based on their performance find themselves challenged to manage the transition from the role of an individual contributor to that of collective performance.

Research reveals that nearly 80% of leaders or managers worldwide operate from a reactive place.

Protecting self and self-interest is the priority for Reactive Leaders. Everything else comes next. As a result, their decisions, on occasion, may not align with the organizational values or goals.

Creative leaders are change managers. They work and decide in line with the organizational values and goals. Working with the team to fire new ideas, innovate, and look for creative solutions that can significantly improve organizational efficiency while keeping the long-term progress of an organization are a few traits of the creative Leader.

Creative Leadership invests in team building and development. They delegate and empower their team members to take decisions while keeping them focused on their career development. They create an environment that allows team members to learn from their mistakes and take risks. Creative leaders make for inspirational moral leaders.

Creative leaders are more secure, positive, and confident and build an agile organization, in stark contrast to Reactive leaders that focus on the situation today with little or no long-term vision.

Read More on  what is the Right Leadership Style to Adopt .

Connect  Ratish Pandey  Official website, Best business coach in India

How to make business decisions – 7 ways

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Is this the right decision to make?
How often have you encountered this dilemma professionally or on a personal level?
We all want to make the right decision. Entrepreneurs are no different.
Here are some guidelines to prevent entrepreneurs from erring in making sound decisions

Base your choices on your values: Every successful business has a set of values that serve as a framework for employees to make decisions. Decide based on options consistent with your company’s value sets. This helps narrow down the possibilities.

  • Consult an expert – An “expert” is the appropriate individual with knowledge and domain expertise. Best Busines coach in India  and industry experts make for an excellent option. One should explore both in-person advice and Research.
  • Mind Mapping – A visual method of organizing concepts and data is mind mapping. A mind map, which is a graph illustrating a major issue branching out to subtopics that elaborate on the central subject – in this case, a decision to be made – is the result of mind mapping. By giving the user a foundation to view the larger picture, mind-mapping helps visualize and structure ideas, assisting in decision-making and problem-solving.

Read More on  7 ways to  make business decisions

Connect Ratish Pandey Official website, Best business coach in India