3 Things Entrepreneurs Do to Grow Their Business 10X Faster

Business Coaching, business growth, business coacch, The entrecoach

The art of building a successful business is the desire of every entrepreneur. No one wants to fail in business, but only very few business owners are prepared to pay the price of building a successful business. The question is, what does it take to succeed in business?

Well, as you will soon discover, the anwer is; not a lot! While many people are continuously growing business as a matter of life or death, in my personal opinion and experience, growing a successful business is quite simple. That said, let me add also that simplicity is not to say that the process is going to be easy. Notwithstanding, if you understand and apply the very simple steps of the process, I bet you will succeed against the odds. In this post, I am going to give you three simple steps, or what you can call strategies used by successful entrepreneurs to grow their businesses faster.

You know, as creator of The EntreCoach™ Program; a comprehensive business growth support system that leverages small business coaching tools and proven concepts designed for ambitious entrepreneurs to grow their businesses 10x faster, I have no doubt in the efficacy of the strategies I’m about to share with you, and there is no risk whatsoever if you choose to apply them to grow your business.

1. Be aware of where you are right now

Before you start to grow your business, it is critical to understand where you are starting from. This doesn’t make sense to a lot of people who claim to understand the ‘ins’ and ‘outs’ of their business, when infact they do not.  To grow your business, you need to be aware of the resources at your disposal as well as the limitations you’re struggling with presently. The result of your awareness will give you a realistic picture of how much you might want to grow by, and any additional resources you’d need to achieve your growth.

2. Determine how much you want to grow by

Every entrepreneur I have come across want to grow. But the challenge is that only a few of them are actually willing to sit down and articulate the extent of growth they want, and when they want to achieve the growth by. In the The EntreCoach™Program for example, there are hundred of results-focused business coaching tools  such as the Roadmap™ and many more, which our clients use in projecting their three years growth. The tool shows at a glance, the key areas you’d like to see growth in your business over the next three years. This might include ‘quality’ of clients,  profitability, number of employees, product/service segmentation, new markets, number of free time, and many more.

3. Apply disciplined execution

Execution is the the most powerful of all strategies that drive result in any business. If you do not take action on agreed plan, you would succeed only in sentencing your business to a few more years of struggle. In order to execute effectively, you need to be clear about what to do really well. In the EntreCoach™ program, we have a powerful business coaching tool which we refer to as Key Breakthrough Actions (KBAs). KBA is used to identify the five most important actions, which our clients are bound to execute over the next 90 days in order to see the results they seek.

As you can imagine, implementing above three business growth strategies can be quite simple; aren’t they? When combined with few more strategies which time will not permit me to share on this page, you are guaranteed an accelerated business growth.

“Nkem Paul is founder and President of Cognition Global Concepts Cambridge, an international firm developing leaders, and helping entrepreneurs build a Self-Sustaining Enterprise. He is the creator of The EntreCoach™ Program.

3 Leadership Habits for Leading a High Performance Team

Leadership development, high performance team, Cognition Global Concepts

Few weeks ago, I wrote you about the three things, business executives do well to attract, nurture and retain best talents. I also share some tips about it is important to make talent acquisition a key strategic objective in your organisation. I hope you found them useful?

Today, I’ll be sharing another important aspect of developing a high performance team, which business owners and executives do not often take seriously.

As I said in my earlier post, the success of every business is tied directly to the quality of people such business attract and to work for them. This means that it is not sufficient to only attract good talents, successful business leaders take steps further to nurture and retain them.

In this post, I have listed summarised version of the 3 essential leadership development habits that are super useful for leading and managing a high performance team.

If you’d like to read the full version of this post and and perhaps share with your team, go here.

1. Nurture Vision and Core Values

Your vision and core values are essential for helping your team understand where you are headed. To not inform them means keeping them in the dark, which might mean for them to start looking out.

2. Adopt Knowledge-Worker perspective

A high-performingteam is a knowledge worker. Knowledge workers do things their own way and needs special leadership skill to manage. To manage them can be quite challenging for control-freak leaders, who are used to telling people what to do.

3. Demonstrate credibility

In Kouzes & Posner research that took 25 years and involving hundreds of thousand people in six continents, respondents voted to follow a leader who is credible. Credibility in order words means honesty and transparency. It therefore means that high performance people are looking for a leader who will tell them the truth and be able to do what they say they would.

In conclusion, it is important for business owners and corporate executives to recognize that in the present information age, high performance talents have so much information at their disposal that helps them become more effective. That said, they also have lots of choices part of which includes ability to choose where to go and be relevant.

To read this article in full, go here

“Nkem Paul is founder and President of Cognition Global Concepts Cambridge, an international firm that helps entrepreneurs and business organisations develop high performance leadership capabilities that grow businesses 10x.”

How To Stay Focused In The Midst of All The Distractions in Town?

Focus on your vision

It is no more story that the environment is now characterised with absolute distractions! If you’re not weighed down by news from television about crime, rape, robbery, kidnap, war or crisis in one part of the world or another, you’re probably bombarded with much more information than you can handle in less than a minutes from the internet, smartphones or mobile tablets. This trends seems unabated that unless you are careful, you’ll definitely by discouraged or give up.

But in the midst of all the daily distractions, some people are consistently making progress in life, business or career. The question I’ve always been asked by my clients, colleagues and friends is, “how do you keep focused in the midst of all these distractions?”

After helping many entrepreneurs and business leaders build successful businesses and career, I believe that the strategy for building successful businesses works for other areas of life including relationships, personal development or health and fitness.

Here are some of the key principles that could help you…

Define your compelling vision of where you want to be and stick with it. If you don’t know where you are going, everywhere you get to will look like the place to you. So in other to really be successful at whatever you want, you must first decide to be responsible for it, and develop the mental image of the end-result in my mind’s eye.

You’ve got to believe in yourself. Everything is created twice; one in the mind, followed by the physical creation. If you do not believe in your ability to achieve what you want, you can not create it in the physical.

You’ve got to stay with empowering people. Negative people or negative environments suck! As far as it is possible for you, stay away from the people that aren’t going anywhere. How do you know them? They have no vision, no goal of what they want to achieve in the next 12 months, no prioritised action plan for achieving what they want, or always focusing on past failures.

Read good (empowering) books like The ART of Achievement and Fulfillment. Learn from people, who have succeeded or succeeding at what you want.

Get yourself a Coach. Do you know any sportsman or woman that records multiple levels of success without a coach? The same is now true about life, business and career. If you want to record multiple levels of success in any area of your life, find a coach who can help you see what you’re not seeing.

I hope this helps.

Share your comments below or if you have any questions, shoot me an email at info@cognitionglobal.com

Start and Grow Your Business With a Compelling Vision

Having a compelling crystal clear and extremely well communicated vision is without doubt the number 1 business growth strategy for building any successful organization irrespective of size, industry, or geography. Notwithstanding the enormous benefits organizations stand to gain from having vivid vision, the concept has been so overused, trivialized and misunderstood by many people hence the obvious confusion around the terminologies like Mission, Vision, and Values (MVV) statements.

Let me begin by clarifying this confusion, and take a step further to explain how to grow businesses with the principle of a compelling clear vision.

So then, what is Mission? What is Vision? And what are Values statements?

Mission Statement:
A Mission Statement is the description of what you or your organization is meant for. It captures the purpose and primary objectives for your being, living or establishment. In other words for an organization, a mission describes the solutions you are meant to provide to your employees, customers, communities around you, and the world at large through your products and services.
Every mission must answer three basic questions about:

1. Why do we exist?
2. Whom do we serve?
3. What value or benefit do we give to our stakeholders, communities and the world?

Vision Statement:
A Vision Statement describes where the organization wants to be (when it grows up), and the directions it would take to get there. Vision statements paint vivid image of how the future will look when the organization and its employees get there in such a way that everyone knows well in advance and recognizes it when they get there.
Vision is futuristic; it is the dream or image leaders have in the mind’s eye about what their organizations will be say 5 years, 10 years, or 20 years from today.

Values Statement:
Values Statements are different. They are the fundamental beliefs, behaviors, and commitments that organizations agree to abide by. Unlike mission and vision, values are not created; they evolve from the character and behaviors of both leaders and employees within the organization and are the codes of conduct by which the business is built.

For example, an organization’s values may be honesty, integrity, professional development, transparency, or customer satisfaction. These written codes define how each person within the organization behaves to one another in the course of executing their tasks. It is important to understand that while most organizations tolerate errors and mistakes that often occur in their day-to-day business execution processes by employees, any violation of one aspect of its values can be viewed very seriously by senior management as breach of a fundamental code of conduct, and can be severely punished.

How then can a clear vision lead to business growth?

May be you are still wondering how to grow a business and increase profitability by simply having clear compelling vision. Well, as I said earlier, vision is the inspiring picture of what transformational leaders and everyone else in their organization is working so hard to accomplish together. It is the reason they go to work everyday, the impact they want to make to their customers and the world.

Many businesses struggle because they lack clear vision, and those that have it fall down completely when it comes to what they do with it. True vision reflects the products and services you want to create for your customers. It defines the benefits you and your business will be remembered for, and also the strategies and various ways you can go about creating them.

Develop A Shared Vision

For your vision to be truly effective; it has to be shared with your people. Visions are shared when the ideas are clearly and consistently communicated for everyone to see and understand. The reason many leaders do not make significant positive impact in their organizations is because no one else sees the vision they see. When no one understands where you’re going, they will be unwilling to follow you, and a leader with no follower cannot grow any organization.

A Shared vision energizes teams and employees to perform with more enthusiasm and coordination. Nothing grows an organization faster than having inspired employees and teams who are moving in one coordinated direction to achieve common goals. This movement occurs only when leaders help their followers to see their own individual future in the mission, vision, and values of the organizations they work for.

No matter how compelling and clear your vision may be, if you do not over-communicate it to your world, it will never be achieved. Shared vision brings focus and holds the people accountable. It gives a sense of security and direction to employees who believe that their own future are fulfilled when they accomplish their company’s objectives.

So engaging your employees and teams regularly about the future of your organization (the Vision) will keep them constantly motivated and aligned with you and your objectives. This is a key leadership skills development you must acquire. You can achieve this by sending monthly email broadcasts, newsletters, or posting them on your websites; notice boards, or as screen savers on your company’s laptops and desktops.

Nkem Mpamah is CEO of Cognition Global Concepts, Cambridge. Nkem will help you grow your business, increase productivity & profit by at least 30% in year 1. He also works with teams to align their objectives with company’s missions, visions, & values to build a successful business.

Perfection is a Killer Disease; Don’t Let it Stop Your Dreams

As humans, we are endowed with plethora of creative abilities to innovate, create, and make extra-ordinary things happen. Ultimately, we are the highest force of creation in the whole universe. This endowment from the Creator of life sets us apart to achieve high performance results and successes far beyond anything else that was created. Essentially, this is what makes you a powerful force of creation.

You have the capacity to dream, set goals, execute actions, and bring your dreams to reality. By this simple process, you can transform the world. You don’t need to ask for this ability or what others call power, it’s already in you right now. The people that invent new technologies and build successful businesses are not better than you; the only difference is that they recognize that they have the ability to do so, and use it. They believe very much in themselves.

Aside from people who don’t recognize the ability they have, there is another set of people, the perfectionists. They are people who understand the great potential they have but fail to explore them. I work with people in business and other professions to help them start new businesses or grow existing ones. Some of the reasons many people give for their failures revolve around the fact that they don’t want to make a mistake. They want everything to be perfect before they launch. Unfortunately, this is the same reason many people take their ingenuity, great dreams and ideas with them to their graveyards.

The purpose of this article is to challenge you to understand the impact of wasting what you have that could change the world. I want you to realize the danger of waiting for the “perfect time” before executing your dreams. Perfection is the cancer that destroys goals, dreams and aspirations. It leads to failure, poverty and regret and should not be allowed to influence your decisions if you want to make progress in life.

Perfection is the state of flawlessness; a condition of 100% accuracy without the need for further improvement. In reality, perfection does not exist. It does more harm to growth and progress of a person than it sounds as blessing. The objective of any good vision, goal or dream is to create what was not, or improve what already exists. It is of absolute necessity therefore that your ideas and dreams are matched with urgent inspiration and execution of actions to bring them to live. Anything contrary to this, you risk the chance of manifesting your dream.

The Reality of Life

If you want to become successful (which I believe you want), do not wait for “the perfect time;” there is no time as that. The more you wait for the perfect time, the more you stand the chance of losing enthusiasm for the action to bring your dream to live. Dreams and goals need your enthusiasm to come alive, and perfectionism kills enthusiasm. Anytime you set a goal or have a dream to achieve something new, you will stand a better chance of success if you take “baby step” to start. When I work with my start up business clients, my usual recommendation is for them to start small.

There is never a time you would build or grow a successful business or career to the extent that it would become perfect. No! If there were a state of perfection in business or career, Microsoft, Apple, General Motors, and other multi-national corporations and individuals would have attained it. In it’s extreme case, perfection leads to procrastination and the key for overcoming procrastination is to begin with the smallest part of every major action in order to fulfill your goal. Do not be afraid of making mistakes. Many people are stuck in perfection because they are afraid of making mistakes; but it is impossible to start and grow your business or career without making and learning from mistakes. So, don’t let the fear of mistakes stop.

But you need to be proactive to succeed. For example, if you want to change your career, start a new business, or become a transformational leader; the best time to start is now. Research what you want and obtained useful information on it. Read good books in the area of your interest. Surround yourself with the people who are succeeding in those areas. If you are seeking a new job; make job applications to your prospective employers, and prepare for job interviews well in advance.

Be proactive, research your industry and acquaint yourself with current trends and developments within that industry. Finally, “deep your feet in the water.” Don’t take things for granted; you must prepare in your mind that the worse things would probably go wrong at the worse time, and it would probably cost you the “worse” amount of money to fix it. This is far from being negative because by doing this, you don’t set false expectations of building a life, career, or business full of roses.

Take Action Now And Change Your Life

If you are not making decisions and implementing simple daily actions to achieve your goals, tendency is that you are not growing. If you want to develop high-performance capability, break free from procrastination and achieve your goals, sign up now for a free “Mastery Coaching Strategy Session” and a member of my team will contact you to confirm your session. Book your Free Coaching Session