FocalPath Coaching helps small-medium business owners focus on the right things for effective and efficient business management. We also offer training workshops on topics such as: Leadership, Communications, Teamwork, etc. We offer Peer Advisory Boards to our clients so they have a board of directors, just like a large company. Accountability matters!
Today, let’s take a look at an important yet often underused tool – financial analysis. Having a solid understanding of your numbers can provide invaluable insights into your company’s health and trajectory. So why is sound business and financial analysis vital for your business growth? Simply put, it’s the compass that guides your financial decision-making, […]
My focus today is a crucial front-runner for business success: a clear and concise vision. A well-articulated vision serves as a roadmap, providing direction, enhancing focus, and instilling your business with a sense of purpose. It outlines your core values, reason for existence, and the goals you aspire to realize. Essentially, it represents your business’s […]
Effective strategic management is pivotal to corporate triumph amidst an increasingly competitive business environment. To achieve this, you need more than just a list of goals. You need a clear roadmap that everyone on your team can follow to work towards a common vision. The strategy map is a vital tool that helps organizations understand […]
A clear and connected business strategy is no longer optional; it’s a necessity to navigate the competitive corporate landscape. But how do you integrate these goals, ensuring that the entire team is aligned towards the same vision? The answer lies in using a comprehensive system to map out your strategy effectively. Regular corporate-wide strategy meetings […]
Have you heard of the Corporate Transparency Act that begins in January? I hadn’t either until I was having a recent casual conversation with a neighbor who works for a law firm. I’ve included an article that one of their Happy fall…kind of! Personally, I am in complete denial and I’m still wearing shorts and thinking (and acting) like it is still summer. How about you?
Have you ever felt like financial statements are written in a foreign language? And don’t get me started on the jargon: balance sheets, income statements, equity, liabilities… Obtaining valuable data often seems like a challenging task for many business owners. This month we’re straightening up that learning curve. I’ve noticed an issue: many business owners […]
Have you heard of the Corporate Transparency Act that begins in January? I hadn’t either until I was having a recent casual conversation with a neighbor who works for a law firm. I’ve included an article that one of their attorneys wrote on the topic. Please make sure you get with your CPA and/or attorney to know whether or not you are required to file the CTA form in January of 2024.
If you would like to discuss them further, or if I can be of any further assistance, please let me know.
Enjoy the rest of your summer and take time to recharge your batteries!
What do you know about neuroscience? Do you know that it impacts how you run your company? The two articles I’ve chosen this month are about emotional intelligence and being “present” and how neuroscience plays a part in Warren Buffett’s calendar habits. Hey, if it is good enough for Warren, then I think we can learn something from it.
I hope you will learn a few nuggets of knowledge from one or hopefully both of these articles.
If you would like to discuss them further, or if I can be of any further assistance, please let me know.
Enjoy the rest of your summer and take time to recharge your batteries!
Happy summer! While most of us are thinking about our vacation plans, others are looking at their 3rd quarter goals and deciding if the annual goals are going to happen.
While some businesses are harmonious when it comes to their teams, others are not so fortunate. Do you think about conflict in the workplace? Do you accept that it can actually be healthy dialogue? The two articles I’m sharing this month discuss how to make disagreements productive, and how to make feedback a team habit. How are you at delivering difficult conversations to your team? It’s never easy, but sometimes we make it much worse than it has to be. This month’s second article gives some great examples of what not to do. If you watch the TV show Succession, you’ll definitely recognize some of these tactics. Don’t be like the Roy family!
When is the last time you dealt with burnout? What about your team? I’m hearing more and more about people dealing with stress that is leading to burnout. I don’t know if it is a consequence of the pandemic, economic uncertainty, financial pressures, the housing market, or some combination thereof, but it is real. I recently saw this article in HBR and really liked the two-minute checkup. It’s quick and easy and accurate. You can use it multiple times throughout the year and your team will benefit from this tool. Give it a try and let me know your results.
How are you at delivering difficult conversations to your team? It’s never easy, but sometimes we make it much worse than it has to be. This month’s second article gives some great examples of what not to do. If you watch the TV show Succession, you’ll definitely recognize some of these tactics. Don’t be like the Roy family!