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Category - Brand Leadership

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1
Don’t leave a seminar without taking at least one action!
2
How to implement lasting change in your business
3
The difference between Leadership and Management
4
Six Steps to Make Your Business Resilient
5
The Psychology of Business Success

Don’t leave a seminar without taking at least one action!

I’m sure that you’ve attended a seminar or webinar, watched an instructional video or presentation, and thought “wow, I really learned from that, I can really use some of that stuff!”

But be honest, have you?

My own principle is that if I walk away having learned one thing, it’s been a valuable experience – but only if I use that one thing!

So I impose a rule on myself – I never leave a seminar or training presentation without immediately taking at least one action.

I don’t care what that single action is – just do it – and you will find that it builds a momentum of its own and the next thing you know you’ll think of the next action.

It might be to make a call and discuss what you learned, it may be to make a change in your business, it may be to follow the training and map out a process to implement it on the back of an envelope – whatever it is take that action, then work out what the next action is and when you intend to do it.

This is the way to turn the value from attending a seminar to the value of using what you learned, otherwise it’s a waste of money. And before you start with your “yes, but” comments, I do realise that immediately after you leave the seminar you are likely to get back to ringing telephones and problems, but do you want to live in a world of problems or do you want to move to a world of improvement and growth? One small step leads to another and you’ll end up running to victory!

As usual the most exciting stuff happens now – let me know what you think, how do you make things happen? How do you get value from seminars? Get over to the website https://teikoh.com and leave a comment, or get over to our Facebook page Teik Oh Dot Com and leave a comment there.

And while you’re at it, how about subscribing to our newsletter here to get valuable but free tips, tools and resources to grow your business delivered directly to your inbox. Our subscribers get special free gifts from time to time with no – repeat NO – sales pitch!

How to implement lasting change in your business

We know that death and taxes are constant. Well, when you are in business, change is also constant.

There’s an old saying – “if you do nothing, something terrible happens….nothing”.

In business change can be demanded by the market, by your customers changing, by new trends and technologies, by changing team members and by your own changing life goals. If you don’t change, one of these things will jump out an bite you and if you don’t respond, your business will inevitably suffer.

But if you’ve ever tried to change something in your business, have you found that it may have worked for a while, then after some time, people slip back into their old ways. Or, it has been impossible to put through a change because people just don’t want anything to do with it!

Why is that?

Because change has to be implemented by people, and people just hate change.

You know how it is. You get comfortable doing the same things over and over again. In fact you get really good at it that you can do it in your sleep, with your eyes closed! You get so good at it that you start to justify why you don’t need to change – it would cost too much, you would need retraining, it would take a long time to be as efficient as the way you have been doing it because you can do it in your sleep, with your eyes closed.

You even say this when the need for change is staring you in the face.

Your product is getting old. New entrants into the market are using mobile apps to deliver your product. Yet you say “they’re not as good, they don’t go into the detail like your hands on approach can provide”. While that may be true enough your customers are voting with your feet. Remember Kodak had the best film processing chain in the world. They stuck to what they knew because it was so good. Meanwhile customers started buying better and better digital cameras.

So, how do you implement change in your business that will “stick”?

Here’s those 8 steps again:-

Read More

The difference between Leadership and Management

Your business needs both leaders and managers.

At different times, you need leadership that says “up and at ’em, follow me!” and you need management that says “let’s make sure we have enough resources”. The best situation is that both leadership and management come from the same people but they bring out what is required for any given situation.

Neither are characteristics you are born with – both leadership and management can be developed.

But, what is the difference between leadership and management?

How can you develop both leadership qualities and management qualities in your people?

Read More

Six Steps to Make Your Business Resilient

Reckless person

 

As I write this, there are fresh concerns across the world economy over recovery in Europe and North America, Chinese GDP is slowing, and the Australian mining boom seems to be coming to an end.

These are world-wide economic affairs, and as owners of small businesses you might be wondering how this affects you, the small fish in a big pond.
The effect on you trickles down from what happens on a global scale. As countries batten the hatches, the larger companies in your nation’s economy slow down because their customers buy less. These larger companies buy from smaller companies, and these smaller companies buy from you. As the larger companies tighten the belt, employees might lose their jobs. Some of these individuals buy from you. Business might still seem good to you today, but it may take some time for an economic crisis to trickle down.
Nevertheless all is not doom and gloom, there are some signs of opportunity that encourages continued optimism. So what do you do today with these mixed messages?
As a small or micro-business you need to recognise and take advantage of modest opportunities to grow, but at the same time recognise the existence of potential downside risks.
Certainly, pay attention to your bottom line but at the same time, focus on cash flow and not just profit growth. Ensure that you are putting away sufficient working capital to survive any shocks. You need to continue pursuing business opportunities, but with discipline and careful planning. And, this is the time to put in genuine efforts at reorganising your business for efficiency.
As a small or micro business today, realising that you are at the mercy of market forces outside your control, I would look at these 6 steps to build resilience into your business.

The Psychology of Business Success

To be successful in business, you don’t just need to be skilful in what you do, you need the right psychology.

You may know your product well, you may have all the learning and skill to deliver it, you may have the experience of managing people, you may even have some training in all the subsidiary skill-sets like marketing and book-keeping; however without the right psychology, being in business could defeat you.

But I’m not a pessimist at heart. I believe that if your really set your mind to get something, you will find your way. And that is part of having the right psychology.

So what do you need to think and believe in to be successful in business? In this video I outline the characteristics you should cultivate.

As usual the fun is at the end – come on over to the website teikoh.com and let me know what you think. While you’re there subscribe to out email newsletter to be kept up to date with all the tools and resources you need to run a successful business.

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