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Featured Facilitator / Business Coach

The Alternative Board UK.

United Kingdom
01423 810 891
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What TAB Members Say

Sharing experience, knowledge, hopes, ambitions and fears with a board of peers is enormously beneficial to my business and to me as an individual. Consultants can only go so far - nothing beats the real life lessons that a peer group of this stature can give. Give me real experience over books and gurus any day! The TAB process has made me do things that I needed to do in the business. Joining TAB is the most important thing that I have done in the last 6 months!

Ian Thompson - Partner, Thompson Brand Partners

 
Inside this issue
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Management and Strategy
Create a Planning Team for Decision-Making

In a small or medium-sized business, it’s common to be the only one making decisions about every aspect of your company– thus the saying, "it’s lonely at the top." No matter how large or small your business is, being the sole decision-maker for the company can be difficult and may impede your company’s success. It can become challenging for one person to constantly think of better ways to improve the business or make sure he or she has the most innovative ideas. Having the contributions of a planning team will help your company grow and become more successful, and should be an essential part of your strategic business plan…

 
That Which Gets Measured Gets Improved

In our TAB Board meetings, we often discuss opportunities to improve financial performance, including the importance of identifying and consistently measuring the key metrics driving the business. Preparing financial statements each month takes time and the statements are often unavailable for several weeks. Additionally, financial statements provide a comprehensive view of performance and the impact of a single business change is too easily masked over. For this reason, we identified a few key metrics that can be calculated quickly and help us measure the "cause and effect" of planned changes…

 
Sales and Marketing
Would You Play Football Without a Strategy?

As I watched my son’s football game this weekend, I was struck with how important it is to have a solid strategy to win the game. I know many would debate whether the game is won by good defense or a first class striker, but these are mere executables– the game, very few can deny, is won on the best game strategy…

 
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Target Tips View More Tips
Managing the Bigger Picture

Sometimes we need to be reminded of the basics, like delegating and not taking on other people’s challenges. Spend time once a week, maybe over lunch, with your individual managers. This is time to catch up with them and make sure they are on track. The other thing to do is to make sure you schedule time for yourself (and maybe with your team) to work on the business. This is crucial time. It is time where you don’t answer your phone, emails, etc. It is focused effort on your Critical Success Factor(s) and what you need to do to achieve your Business and Personal Visions.

By : Blair Koch, TAB Facilitator
Take Time to Sharpen Your Blade

While discussing the need to step back and relax from the continual daily grind, one of our members made the comparison of using an axe to cut down trees and the worker who refused to take the time to stop and sharpen the blade because it would mean he would have to stop working for a while during daylight hours. Failure to realise he could cut much faster during the available time stopped him from optimising revenue in optimum time. By stepping back and taking time away from the daily grind, a business owner is able "to sharpen the blade" and regain the ability to think clearly about their strategic plans and analyse changes necessary.

By : Mark Richman, Skeleton Key
Finding the Right Candidate Quickly

We had a unique position to fill in the company and I felt it would be an exhaustive search to find someone qualified. We did not have the funds for an executive search company, so we placed an ad in Craigslist and offered a £600 finder’s fee to anyone who could recommend a qualified applicant who would eventually be recruited. Instead of wasting many hours screening useless resumes, we were able to fill the position with a very qualified individual in a fraction of the time it would have taken, and at minimal cost.

By : Jack Mosinger, Mark Lemp Footware
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