Tag Archives: goals

Success Mastery: Target

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Success Mastery January 11,2013

You cannot hit a target you cannot see. Set very clear measurable goals with timelines for achievement.

 

 

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Steve Pohlit, International Business
Turnaround and Real Estate Investment Coach

Steve Pohlit

International Business Turnaround and Development Consulting
Real Estate Investment Consulting
Executive Coach

Click Here and Discover If Coaching or Consulting  Is The Right Answer For You 

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PS :  I am very happy to share with you the link where you can get your copy of   “The Remarkable  Results of The Enthusiasm Factor In Business and Entrepreneurship”     instantly for FREE.  Click Here and get yours now.

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When There Is No Way, We Make One – Chrysler 2012 Superbowl Commercial

Does This Capture The Spirit of America?

The message is inspirational. Inspirational material can be very powerful. Each person I coach, uses the accelerated accountability worksheet I have developed for planning weekly optimal performance. This plan is linked to a longer term financial goal that we reverse engineer to what is required today in order to meet and possibly exceed the goal. The first line of the accelerated accountability worksheet is “self development..mindset”. I started with that line for everyone based on my own experience observing my own life when I did this work first and when I didn’t. huge difference.

This video is a call to action and a reminder of being focused. Each of us has different interpretations of what the second half means and what we need to do to win the second half. The teams come out with a plan and adjust the plan based on a continual evaluation of new information. Each one of us can view videos like this one and other resource material and do one of two things:

1. smile and say “that’s nice”
2. develop an action plan on how we can become better in the second half then implement that plan.

I have already picked #2…. and you?

The Fastest and Most Efficient Way For Most People and Companies To Achieve and Exceed Their Goals Is By Working With A Coach

Contact me now.

Steve Pohlit

International Business Development Consulting
Real Estate Investment Consulting
Executive Coach

Social Media Services
New Digital Media, Inc.

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Steve Pohlit is a CPA,MBA and has been the CFO of several major domestic and international companies. Today Steve is an expert business consultant focused on helping companies improve their business performance including growing profits, revenues and customers. For a FREE 6 week mini course where you will receive 10 easy to implement action steps guaranteed to increase business revenue and profits by at least 30% in the next 90 days, please visitwww.StevePohlit.com  All articles published by Steve unless specifically restricted may be freely published with this resource information.

 

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What Does Clearly Defining Your Goals Mean? …Not A Trick Question

Every business owner and entrepreneur I coach finalizes a financial performance plan for their business during Phase 1 of the coaching program.  This plan is for at least a year and may extend 18 months or so.  While that has been a foundation of the success experienced by the many people I have worked with, I have arrived at an enhanced formula for even greater success.

While the entire picture is reserved for my clients, this will give you insight as to the expanded formula for success.  Here are some questions that will give you an idea:

1.  Knowing what you know now, would you be in this business if you were to start fresh today?

2. What is the visualization of your life three years from now with this business and what behavior and action steps do we need to implement now for that picture to become reality. With this questions I am focusing on lifestyle goals including the material things that the client is dreaming about.  So this is a stretch the imagination exercise.

From these questions and more we develop action steps that are implemented to achieve the desired outcome and measure actual performance against plan.  Plan Actual Variance is the Gold Formula which will be the topic of a future article.

In summary, defining your goals really means defining how you want to experience your life.  I look forward to your comments.

Fact

There is no better way to move from where you are economically today than where you want to be than being in your own business.  There is no better way to succeed in your own business fast than to be led step by step by an experienced coach who has experienced success and struggles.

If you have limited funds – take a look at the free videos:

Build Your Business Even If You Are On A Low  Budget.
These Free Videos Will Show You How! Click Here

Note: there is only one surefire way of achieving the success you crave…take responsibility for your success. Become a better you.   Become valuable for others.

Build Business Profits Expert

"Steve Pohlit"

Steve Pohlit

 

Action Steps

Get A Business Coach! If you already have a business with more than 10 employees, Hire A Consultant who is  able to work with you part of the time on-site.

Would you like to be in the next group of very successful companies and entrepreneurs?

Contact me now.

Steve Pohlit

Business Development Consulting
Executive Coach

Social Media Services
New Digital Media, Inc.

Connect With Steve On:

Twitter

Facebook

Linked in

727-587-7871

Email

About: Steve Pohlit CPA,MBA has been the CFO and COO of  major domestic and international companies.  Steve has extensive business ownership experience having purchased and started off line and on line businesses.

Steve offers his  build business profits expertise to companies and entrepreneurs with business coaching and business consulting.  His  focus is on building business  profits and net asset value at above average rates.  Steve incorporates health and wellness plus relationship guidance in his work as they are at the foundation of achieving all goals.

All articles published by Steve unless specifically restricted may be freely published with this resource information.

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The Secret To Beating Business Profit Plans

“Steve, I am so grateful for how you have helped me understand my business and how to achieve profitable growth. “

…This comment is direct from one of my clients whose 2010 profits are on track to exceed plan by at least 50%. Exceeding plan by 50% is worth nearly $350,000. This is one very happy client and there are many more.

What is the one component that every successful client says is the reason they are achieving business profit goals?

The answer is consistently taking action on those areas of their business that make the most difference in growing business revenue and profits.

How do successful business owners and managers consistently guide their companies to outstanding profit performance?

Most have a business coach/mentor who guides them on remaining focused and holds them accountable for taking the right action.

When I look at the difference in business performance among the clients I coach it always comes down to taking directed action or not.

What does directed action mean?

Directed action is a sequential path of steps that achieves business revenue and profit goals.  It is common for business owners to actually be experienced in what to do but are not consistently implementing.  In other cases, they are taught what to do and always held accountable for taking action.

As a business consultant and executive coach with very valuable experience running companies owned by others as well as my own companies (click here for my resume) I know what works and even more importantly I know the mistakes most  make.

What is the number one mistake made by business owners and managers?

That mistake is thinking they are the only one who can do what needs to be done.  I am always working on the mindset with the people I coach of leveraging tasks that must be done and training them on effective leveraging of those tasks.  I address the mindset of the person running the company. In the case of businesses working with employees or contractors, we are consistently looking at ways to have everyone become more valuable by leveraging tasks to less costly people or technology.  Systems, meaning the way people work and the tools they use are the key to effective leveraging.

A Program That Fits Most Budgets

If you want to be successful with any business, work with an experienced business consultant/coach who will guide you to building business profits faster than you ever imagined.  I am an expert business consultant/coach. I have a program that will fit most budgets. Email me now and tell me about your business. Include your complete contact information and I will schedule a 20 minute complimentary call to determine how we can work together for the benefit of your business.

Steve Pohlit

Business Consulting, Executive Coach
Turnaround/Crisis Management
Temporary CEO, CFO, Controller Services

Social Media Services
New Digital Media, Inc.

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Facebook

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727-587-7871

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About: Steve Pohlit CPA,MBA has been the CFO and COO of  major domestic and international companies.  Steve has extensive business ownership experience having purchased and started off line and on line businesses.  Steve offers his  business building experience to companies and entrepreneurs with business coaching and business consulting.  His  focus is on building business  profits and net asset value at above average rates.   All articles published by Steve unless specifically restricted may be freely published with this resource information.

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The Exact Steps To Increasing Profits In A Challenging Economy

There is a very important fact to understand that applies to every business…”nothing stays the same”. The current business environment in the United State is one where the real estate market in general is one with declining property values, the value of the dollar is declining, and revenue for many companies is under pressure.

So!!!

Companies struggle because they continue to do the same things while everything around them is constantly changing. Every business, in theory, has a primary goal of increasing revenue and profits. The process of achieving that goal is no different in an economy that is experience major challenges in key sectors than in one that is vibrant. The introductory lessons in my 10 Minute MBA Program gives away the roadmap.

There are a huge number of examples of companies thriving and failing in both strong economies as well as weak ones. The only thing that matters for your business is what is happening in your business in relationship to the clearly defined performance gaols you have set. You have clearly defined business performance goals correct? These goals are in alignment with your own personal mission and lifestyle goals correct?

I am injecting the point about personal mission and lifestyle goals since I realized one of the key differences between many business successes and failures is the passion of the company’s leadership for the business and there is a direct link between the level of passion and the individual’s view of how the business contributes to the achievement of their personal mission.

For the record this goes way beyond achieving personal income objectives and includes: how much you really enjoy the business model; is your position one where you know you are using and developing the talents and skills you are passionate about and does your position fit in with how you want to develop the family, friends and community relationships that are important to you? I am now very focused personally and with clients on addressing the total picture of satisfaction and not just the business goals. Join the growing Prosperity Tip List that is FREE and you will be surprised at what this material will do for you personally.

Here is an example of a common situation that I have found in business. Business leadership will say, when the profits improve or when the cash flow improves or when this acquisition is done, or we fill this open position, or etc. then I will spend more time with my family or fishing or restoring my favorite antique or …well you get the idea. I submit to you the personal activity, whatever it is, never happens for those people even when those business milestones are achieved. If you are spending a lot of time with your professional mission, I hope you really love it. If you do not and you are frustrated because you are not spending time with your family, if you are not exercising like you should, if you are not enjoying your home, your car, your boat or your fishing pole then there is no way you will optimize the performance of your business. The negative personal energy will transmit throughout your organization and you will not consistently optimize your performance. If you have lifestyle issues, they need to be addressed. How do you think I know that?

Back to delivering what I promised with the headline of this article:

The Exact Steps To Increasing Profits In A Challenging Economy:

1. Set clear clear measurable performance goals for the next 12 months. For example: Revenue and profit goal is an increase of 30%.
2. Understand and instill in the culture that performance goals for the next 12 months are achieved by what happens today. All parts of your business need to be in sync with achieving the goals for the company. As and example what do sales need to be this week and this month to hit the 30% growth goal? What does gross margin need to be and with what expense structure for the 30% growth in profit goal to be achieved?
3. Each function within the business must have clearly defined performance goals and defined accountability for achieving those goals.
4. An objective performance monitoring process must be in place to identify quickly any areas of unusually positive as well as shortfalls in performance. For the revenue, gross margin and expense driver areas of the company this usually means a formal weekly meeting along with informal daily monitoring. There are exceptions and one is where there is a cash crunch situation. Cash flow is then monitored very closely daily.

There are two reasons why companies ask me for assistance:
1. They know what to do but want an independent third party experienced business development consultant to drive the process as that approach demonstrates management’s commitment to achieving the goals.
2. Management understands the need for improved performance and understands they do not have the experience to implement what is required.
3. There is actually a third reason and that is where a business is in a crises situation and turnaround business consulting procedures need to be implemented fast. Nobody likes that situation, even the consultant. However, many companies can be salvaged with the right action. Think of the what goes into action when a person has a heart attack. Timing and action are the differences between life and death.

Be Well and Prosper,
Steve Pohlit
Business Development Consulting

Steve Pohlit has more than 20 years experience running very large and medium sized companies. Steve consults with clients to design and implement processes that will deliver improved business performance for the long term. Learn more about the process of Increasing Profits by 30% or More In 90 Days or Less by visiting 10 Minute MBA or you can call 727-587-7871 and speak with Steve directly. Have a question? Click Here To Visit Ask The Consultant

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