Archivio tag: business coaching india

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.

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!

Coping with Stress and Avoiding Burnout: Advice for Entrepreneurs

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Do you often find yourself tired? Is your productivity decreasing? Do you feel the world is plotting against you? Is the new you an irritable short-tempered version of you? Are you devoid of enthusiasm?

If any or all of the above is a yes, you are letting the stress get the better of you and heading for burnout.

Time to take stock and bail out!!

Bailing out of the situation requires an objective review, discipline, and deploying the right tools to avert stress. Let’s look at 5 steps you could consider:

  1. Set realistic goals and priorities.
  2. Practice self-care – both mental and physical
  3. Delegate and ask for help:
  4. Automate- employ technology.
  5. Seek support – get a Business Coach/ Mentor

Simply put, it’s about creating order out of Chaos. It is your business; no one knows it better than you, but who says you need to do it alone? Getting an expert Business coach to help you create the order speeds up the process and gives you access to expertise, knowledge, and a range of tried and tested strategies.

Schedule your free consultation today and start moving towards a better work-life balance.

Effective Time Management Strategies for Business Owners

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No time?

Too much work?

Juggling multiple responsibilities?

If the above describes your day, then Entrepreneur, you need help.

You are working more on your business, stretching to keep it running rather than working on the business to focus on your goals.

First things First.

As a young entrepreneur wearing multiple hats is a reality, so how do we manage that?

Let’s start with the basics and see if you have aced your time management skills.

Some tips if you are not there and a checklist for those who believe they aced the skill.

  1. Prioritise your tasks -Prioritise your tasks using the Eisenhower matrix of – urgent, not urgent & important, and not important. Tasks urgent and important – Action, tasks Important & not urgent – Delegate, tasks not important but urgent – Put it low on priority & tasks neither important nor urgent remove from the list.
  2. Use a calendar – Keep track of deadlines and appointments using a calendar to avoid missing important tasks.
  3. Use technology- Automate processes. Use productivity tools and software to streamline tasks.
  4. Learn to say NO- do not over-commit.
  5. Create a schedule & stick to it – while you need to wear multiple hats as an entrepreneur, it does not mean to have to wear them all at once. Schedule time for each role and give it your full attention. Always keep a close time for the day – remember all work & no play makes for a dull entrepreneur.

Do share how many of you ticked off all the above and who feel they gained from this. I would love to hear what techniques you have employed that make time management a breeze for you.

I have, over the years, found these helpful in increasing my productivity, optimizing my time utilization, and not losing focus on self-development and what is important to me as a person. I look forward to hearing back from you.

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.

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.

What is product strategy? What do you do to ace it?

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Have you ever wondered about the secret sauce to the success of seven companies like Amazon, Ikea, Microsoft, or Coca-Cola? The common denominator in achieving their global ambitions is their product strategy. A survey conducted across top organizations shows that nearly 70% factor in their product strategy when making quality business decisions, such as the marketing strategy for a new product, research and development, and customer use cases. Startups and Small and Medium businesses can learn from these organizations to develop a winning product strategy for their products and services. But what is product strategy, and why is it essential for an organization to develop a great product strategy? We discuss this and the best framework to create a successful product strategy.

What is A Product Strategy? 

A product strategy is a series of steps to help companies bring the envisioned product/service to life. Essentially, the product strategy is a road map that helps employees understand what the company wants to achieve with its products and the steps involved in accomplishing it. A product strategy helps identify how a company’s product first into the market, the target customers who’ll benefit from it, and how it complements the other products and services in the company’s portfolio. A well-thought-out product strategy can help position the product right, clearly differentiating it from available offerings in the market and identifying why it will be the preferred choice for the customers.

There are several benefits to developing a successful product strategy. When a clear and well-thought-out plan is in place, teams at the company will be in a better position to work together to deliver their best and achieve the set targets. In addition, the sales and marketing teams in the organization will be able to better identify and articulate their unique selling propositions. Customer success teams will also determine the use cases for their products to better help their customers deal with support. The product strategy helps the development team keep true to the drafted vision and stay focused.

In addition to helping employees better understand the product and their roles, the product strategy also helps prioritize the roadmap. Building a compelling roadmap with a high-level action plan will help management prioritize the straightforward tasks that will help advance the vision to get the product to market. In the absence of a roadmap, the likelihood of misaligned prioritizations, measurement metrics and allocation of time and resources is given, resulting in delays and many mishaps – a product strategy fixes this, making product development streamlined & result oriented, saving both cost & time.

Click Here to learn more about the best framework to create a successful product strategy, its types and why you should employ one.

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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