Posted 16-08-2007
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Your Business
by Paul Wright

Are you working too hard?

Shocking small business survey results

The Right Team, Business Growth Specialists is a member of the Results in Business Institute (RIBI) - a network of independent business coaches and consultants in Australia and New Zealand. RIBI supports coaches like me and provides the business systems and manuals that I use to structure and guide my coaching programs.

There's a point to this, trust me. RIBI recently conducted a survey of more than 300 businesses across Australia and NZ and I thought I would share the results with you. Some of you contributed at a request from me - thank you.

The survey highlighted how tough some small business owners are doing it and how many of us are paying a high price for our independence.

More than 60% were paying a staff member more than they were paying themselves and more than 60% felt their salary did not justify the time and effort they put into running their business. This was despite more than half being tertiary qualified and more than half having spent money on self improvement or business training.

The three top issues for business owners were:

1.  Finding, motivating and retaining staff
2   Cash flow
3.  Marketing / finding clients

Ross Hancock, the CEO of RIBI was quoted in the press as being shocked but not surprised at the results of the survey - "many business owners are not really reaping the fruits of their labours when they have to factor in the high costs of just being in business"

If this sounds like you - you are not alone! That's not much consolation, I know but it perhaps tells you that you are not necessarily completely incapable - it really is difficult.

Now some of you may have spotted this coming but...................a business coach will work with you to find a way to change this (that's me!)

OK, sales pitch coming, block your ears if you don't like them.

The Right Team, Business Growth Specialists uses the proven and excellent business management systems from RIBI to coach small to medium business owners to improve their business's performance. We focus on the drivers of profit - that's Turnover (sales and marketing), Productivity (your effectiveness, your management and the process and systems in your business) and Costs (cost of goods and overheads).

We'll work with you to make change within your business and we'll focus our attention on those areas.

Coaching only works if you want to be coached and if you want a process and a person to hold you accountable for making the changes in your business, so only call me if that applies to you

I will give you a free 1-hour coaching session if you call me on 1300 66 44 89 or reply to this email - I try very hard to add value in these sessions and you are not obliged to take me on as your coach.

Email me on paul@rightteam.com.au

Referral Request

As a small business, operating locally, The Right Team Business Growth Specialists, like many other businesses, is keen to grow.

Over the last 18 months or so I have been writing Your Business column weekly and my desire has and will continue to be to add value to my fellow business owners.  I want to thank the those of you that have provided feedback throughout this time either via email or when we’ve met in person at networking events in the Illawarra, The Shire, Parramatta or beyond.
Your feedback is appreciated and helps me to judge whether I am hitting the mark.
That said I understand that you may or may not be considering working with a business coach right at this moment.

As an encouragement to consider it, I'm offering a free coaching session so you can try it out (see the sales pitch above)

If you're not considering it, you might know someone who is or who could benefit. Please pass this article on to them and encourage them to take up the offer of a free session - it really is free and I really try to help them out. Or, send me their details and I'll ring them to explain myself and who sent me to them.

The type of businesses that benefit most are:
• keen to grow or change
• prepared to invest in that growth
• ready to use external tools (like coaching) to help them achieve their goals
• and finally...able to afford it!
Next week:

As a business owner you are (or at least should be) rightly focused on getting a (good) return on investment (ROI) from your business activities.

So I will be sharing an insightful story around why your greatest return on effort (ROE) comes from learning to control your thoughts.

For the moment I’ll leave you with this quote,

“We make the world we live in and shape our own environment”

Orison Swett Marden

 

This column was written by Paul Wright respected businessperson, writer and business growth specialist. Paul is a Director of The Right Team Business Growth Specialists and also the Results In Business Institute Visit our websites www.rightteam.com.au; www.ribi.biz; www.paulwright.biz: Tel: 1300 66 44 89 (Australia) or + 61 2 4297 5305 (International)

 

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