Archivio tag: business coach india

Using DISC for Team Building

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What is the DISC Behavioral Assessment? Is building a high-performing team important?

Yes, it is! It has been recognized as the driving force behind the success of companies, not today but for years. For instance, investors in startups prioritize the team’s quality and the synergy among its members over the business idea itself.

Research shows that the management team’s quality is the most critical non-financial factor in evaluating an IPO, with 1.9 times increased likelihood of achieving above-median financial performance when the top team works collaboratively towards a shared vision. This further highlights the vital role of a superior team in achieving success.

Building a high-performing team is challenging, despite its value. Hiring the best-fit results in a diverse group of energetic, ambitious, and capable individuals who need to work together effectively.

It requires understanding each employee’s mental makeup and actives to help optimize their performance and set up team dynamics.

One helpful approach is to use behavioral assessment tools, such as DISC Profiles, grounded in behavioral psychology. Using DISC for Team Building helps in understanding team dynamics and building a high-performing team.

Team profiling is a powerful tool for building a high-performing team. It offers a detailed understanding of each member’s unique attributes and how they mesh to form a cohesive unit.

It identifies the team’s strengths, areas of effectiveness, and potential growth points. By bringing to light individual differences, it enhances team dynamics and helps make informed managerial decisions.

Visit Us to learn more about what is the DISC Behavioral Assessment and why DISC Profiling is the Key to Building a High-Performing Team!

Why Team Building is Crucial for Effective Leadership: Find Out More

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In the modern workplace, with hybrid teams, remote teamwork and collaboration have become important. Many executives and leaders fail to recognize it, resulting in communication breakdowns, distrust, and poor productivity.

Hiring an executive coach is a good option. It can help leaders align themselves and develop the skills necessary to lead and manage a team. This will ensure that the team works towards the same corporate goals.

Does the leader’s success at leading a team define their success?

Yes, because effective teamwork is crucial for the success of any organization. A leader with strong team-building skills is invaluable. They can use the unique skills and talents of each team member to reach shared goals. This will increase productivity and foster innovation.

Team building promotes a positive work culture. It makes employees feel valued and supported, which motivates them to work together towards a shared purpose.

A leader can help foster a positive working environment. This includes collaboration, trust, and open communication. Such an atmosphere boosts team morale and job satisfaction. As a result, the employee turnover rate is lower, and there is better retention.

Moreover, team building helps to identify and address areas of weakness or conflict within a team. A leader who excels in conflict management and provides constructive feedback and criticism can enhance team dynamics. This boosts overall performance.

A leader with good team-building ability is essential for building a high-performing team. This team should be engaged, motivated, and productive.

Maintaining this level of performance is also dependent on the leader. A leader can drive success for the organisation by fostering a positive work culture. They can also resolve conflicts and leverage team members’ strengths to achieve shared goals.

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.

How to Create a Roadmap for Business: A Step-by-Step Guide

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Many organizations fail to successfully implement their strategies, despite investing billions. Why? The answer is simple: lack of successful implementation. Despite being a top priority for executives, surveys report that fewer than 15% of organizations worldwide have successfully implemented their strategic initiatives. This huge gap between expectations and outcomes highlights the importance of creating a strategic business roadmap. So, what exactly is a strategic roadmap, why does your organization need it, and how can you create one? Read on to find out.

Why Does a Company Require a Strategic Business Roadmap?

When leaders, employees, and stakeholders aren’t on the same page about the organization’s future, it can lead to disarray. The State of Leadership Development 2020 surveyed 21,008 employees and found that only 29% believed their leaders’ vision for the future aligned with the organization’s. Leaders also make on-the-fly decisions that may not optimize long-term success. A strategic business roadmap provides a clear path to achieve goals and ensures all actions align with the plan, avoiding these challenges.

What is a strategic roadmap? Learn how to create one for your business.

A strategic roadmap is, to put it simply, a road map that shows the direction that a business should take to succeed both now and in the future. The roadmap not only outlines the company’s current situation and the best route to its objectives, but it also speeds up the process by preventing staff from having to figure things out as they go.

Organizations can identify the decisions they must make for long-term success using a strategic business roadmap. A strategic roadmap makes sure that the company’s founders can look past the operational fog and lay out a clear goal for everyone in the organization. If properly implemented, it gives employees across the cadre the ability to make decisions of high quality that are in alignment with the objectives of the organization and acts as a reference point for staff members, managers, stakeholders, and other interested parties.

Is your organization currently without a strategic roadmap? Don’t worry; developing one may not be as intimidating as it seems.

We have prepared a step-by-step guide to assist you in creating a strategic business roadmap for your organization. Our blog offers a straightforward framework to help you get started.

So why not take a look and learn how to create a roadmap for your business?

Establishing Your Organization’s Direction
Determine Your Destination
Establish Goals and Measure Progress Through Processes
Create a Map of Your Pathway to Success
Gather the Necessary Tools to Achieve Your Objectives
Assign Responsibilities to Ensure Accountability
Regularly Measure Progress and Course Correct as Needed.

In conclusion, crafting a winning business roadmap is a critical aspect of achieving success for any organization. By taking the time to identify your goals, create a clear and actionable plan, and gather the necessary tools and resources, you can develop a roadmap that will guide your organization towards success. It’s essential to regularly measure your progress and course-correct as needed and to assign responsibilities to ensure accountability.

Visit Our Blog to learn these steps more in detail and continuously refine your roadmap; you’ll be well on your way to unlocking the full potential of your organization and achieving your business objectives.

Why startups fail? Top reasons and lessons learned.

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Lack of Product Market Fit Indian Startups had a stellar year in 2021, setting several new records -the number of startups acquiring unicorn status, the number of new startups launched, and the record funding received by startups.

Now more than ever, Indian startup founders are aspiring the unicorn status, that is a $1 billion valuation.

All the good news could make one forget the struggle to launch a successful startup. It is no surprise that 90% of all startups fail within five years of being founded.

Why startups fail?

What should the founders do to mitigate failure?

Let us look at five factors that spell doom for startups and how the founders can address the situation fitfully.

  1. Failing to raise new capital

  2. Lack of Product Market Fit

  3. Competitive Landscape

  4. Pricing/Cost Challenges

  5. Product Launch Timing

Discover the common reasons in detail why startups fail & how to avoid them. Gain insights from industry experts to help your startup succeed. Read more now Visit Our Blog!

Employee Coaching: Elevating from Good to Great

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Organizations and employees often prioritize degree or skill-based hiring, but research has shown that success is driven more by EQ than IQ, with 80% attributed to EQ. Industry leaders suggest hiring for attitude over skills.

An all-star team isn’t enough without support and collaboration.

While senior management is responsible for building a thriving workplace, it can be challenging.

An executive coach can provide a solution by helping senior executives acquire coaching and management skills while enhancing personal development. With an unbiased and skilled perspective, executive coaches bring fresh insights and make coaching more acceptable to employees.

According to a recent International Coaching survey, people who participated in coaching saw a median Return on Investment of 3.4 times their initial investment, with one in five reporting a staggering 50 times Return on Investment.

In addition, the same survey revealed that 95% of individuals who worked with a coach gave them a “good” or “outstanding” rating. proving that investing in coaching may help an organisation grow and become more productive.

A young firm may find it difficult to determine which coaching is the best fit for their organisation, given the possibilities and variety of coaching solutions on the market.

Learn how employee coaching can transform good employees into great ones. Discover tips and strategies for effective coaching from industry experts.

Primal leadership drives great performance

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In the current times of change and uncertainty, employees look to leaders for reassurance and conviction, which calls for effective Leadership. Leaders are mandated to address expressed and unexpressed fears of their team to keep them focused on the job at hand and prevent emotional turbulence from impeding productivity.

In 2001, a study by Daniel Goleman of 3,871 executives across organisations revealed that the leader’s style determines around 70% of the emotional climate, which drives between 20% and 30% of business performance.

It further reiterated that a leader who acknowledges and alleviates the employees’ concerns is able to get them to perform more efficiently towards their goals.

Primal Leadership approach to Leadership has the potential to positively influence not only the team but the atmosphere of the entire organisation.

What is Primal Leadership?

Primal Leadership is a leadership style that factors in the leader’s emotional intelligence. It is grounded in the idea that an individual’s emotional state impacts their behaviour and, in turn, impacts the people around them. The same holds true for a leader. In their case, it affects peers, employees and the overall atmosphere of the company. Therefore, leaders must be cognizant of their emotions and learn to manage them for the best results. Primal Leadership, in a nutshell, focuses on enhancing emotional intelligence for positive results.

Mood and emotional intelligence are two sides of a coin when it comes to Primal Leadership.

The science of moods focuses on how emotions become infectious and spread from one to another.

Learn How Mood Impacts the Outcome and how to improve your Primal Leadership skills through the four building blocks of Primal Leadership.

Transitioning to being an effective Leader

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A recent survey showed that 71% of businesses still feel that their leaders aren’t ready to guide the company into the future. It is an alarming statistic, given the role effective leaders play in developing an organization’s culture and growth. It is causing many leaders to re-evaluate their current methods to become more effective. But what traits do effective leaders possess that separate them from the rest? 

And how can you be an effective leader?

Who is a Leader? 

Leaders exude influence over peers and subordinates, enthusing them to achieve a company or a team goal and work cohesively as a team. Regardless of the title, leadership is a mindset in action. Leadership is not a mantle to be handed out. Leaders earn their position because of their competency to inspire those around them, focus on the organization’s objectives and work to maximize the firm’s value.

Who are Effective Leaders? 

From Steve Jobs to Jeff Bezos, effective leaders empower their employees, support the organization’s long-term goals, and deliver the best experience to their customers. Research has shown that effective leadership can lead to a 12x jump in a company valuation compared to those that ineffective leaders lead. Furthermore, when Ken Blanchard conducted a study on more than 200 organizations, they found that each year of delay in improving leadership skills cost the company 7% of its annual revenues. Since this effect compounds over time, effective leadership can mean giving up millions in potential revenue opportunities in the future.

Effective leaders are visionaries who can inspire innovation in the organization by motivating their team members to reach beyond their potential. Effective leaders create a shared vision to unify those around them, build processes to foster collaboration, and recognize each individual’s unique strengths and weaknesses to best deploy their skill sets to solve complex problems.

To know What Sets an Effective Leader Apart from a Leader and How you can be an Effective Leader  Click Here !

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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How to align Business Development and Marketing for Growth?

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Let’s take a fresh look at the two functions and their roles in an organization.

Marketing: The go-to-market strategy decider. A company creates products or services to fulfill demand(s). The end consumer will know of it only once availability is communicated and how it addresses a specific need – implicit or explicit.

Business Development (BD) is the team that front-ends the Customer. They bring in ideas for new products, competitor intelligence, and needs in the market that the organization may be well equipped to address with new and unique products or services. They are the face of the company.

The two teams need to work in unison to amplify the messaging and for consumers to see the offering in the right light. It is critical for creating the personality of the offering in question- the positioning, needs it addresses, whom it’s meant for and what sets it apart from the rest.

The BD team knows the Customer better, and the marketing Team knows the messaging better. The two must come together to arrive at the winning messaging and strategy.

Being as different as chalk and cheese, how does one achieve this?

Sales & Marketing Alignment.

A shared communication system, strategy, and goals to make the marketing and sales work as a unified organization.

Once aligned, the teams can cohesively deliver high-impact marketing activities, improved sales effectiveness, and increased revenue. Some steps the organization can take in this direction includes:

Step1: Create a single customer journey. Create systems and processes to ensure a seamless and consistent experience from the Customer’s awareness stage to being a loyal advocate. Employ CRM

Step 2: Agree on a customer persona. Align on who is the end customer. In other words, create a customer profile. For best results, have the marketing and BD team work on this together. Thereafter arrive at the target market.

Step 3: Align on goals. Both teams aim to grow the company’s sales, but their functional goals and KPIs need to be defined and aligned to realize the bigger picture. Business Plans that arise post the alignment have a higher propensity to succeed.

Step 4. Strategize together. Often the BD lament is, “I know better; I am the one in front of the Customer”. Marketing lament, “I know the product positioning and what the Customer wants.” Sitting together to strategize brings all concerns to the table, resulting in a strategy with a buy-in.

Step 5. Align Roles & Processes. Each views its role in the sales process differently. Understanding each other parts and responsibilities is a must. It needs to be complemented by putting processes in place that allow for seamless communication and information between the two teams to build transparency & trust.

Step 6. Align Systems and Technology to enable both the sales and marketing teams. Depending on your business, choose what is needed. Irrespective of the requirement – tool for drip email marketing, lead management system, or account-based marketing- the approach adopted should keep both sales & marketing informed.

Support each other and flourish together.

Marketing and business development are uniquely positioned to increase revenue significantly. It is vital not to replicate actions and constantly complement each other’s efforts, making seamless communication between the two teams imperative.

To trigger the growth engine of your business & to find how to align both in detail, Click Here