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8Tips for Keeping Your Finger on the Pulse of Your Business

So many people work harder not smarter in their business or at their job. How do you focus on what is really important? You first must determine WHAT is important to you and then what is important to managing your business. Aligning your personal motives with the profit motives of your business is critical to your success.

1. Clearly design and define the two to three key measures of success and failure in your business. Can’t hit a target you can’t see. What does it look like when you are successful? By defining success in your terms you will really know when you actually hit it.

2. Develop and review daily and weekly reports that bring you meaningful information (the measurables). These ACCURATE reports will keep your progress in focus by giving you early warning of trends in progress – both those that you need to correct and those that you will use to a greater advantage. A leader is a visionary. See the big picture and how these measurables really affect your business. Do not use these reports as “hammers” for your people. Use them as tools to detect trends, both positive and negative. React like a leader!

3. Spend one hour a week with your best customers — listening, collaborating, suggesting, and understanding. You will learn exactly what your customers are thinking and this will be a powerful and pleasant way to build customer loyalty. Think of this from the internal customer perspective as well. When was the last time you sat with one of your employees and observed what they did?

4. Spend two hours periodically (a week, a month, etc.) answering the phones — from customers, prospective customers, the public, etc. Imagine using what you learn from these calls as a way to increase customer loyalty. You are hearing first hand what they think and need.

5. Have regular (monthly- quarterly) meetings with your competitors and a mastermind group, discussing the trends within your industry/profession and ways to cooperate. Look for new opportunities to expand into and get your name into the community in a positive way.

6. Have at least a dozen people in every aspect of your business who will tell you the truth. Listen to them carefully and with an open mind to improve.

7. Ask people (employees, customers, suppliers, etc.) for their opinions, i.e. what are the things hampering the way we do business, what do they like, how can it be better, are you providing what people need. Keeping an open mind will bring unprecedented results to those who listen actively.

8. Develop action plans with dates and people for the major areas and major functions within your business. Distribute it to your key people. Review it regularly to keep your business on track to reach your goals on time.

These ideas not only come from me but from Benjamin Franklin, Thomas Leonard, Dale Carnegie, Andrew Carnegie and other very successful people. Many business owners have implemented them into the daily routines of their companies and have reported great success.

Here are some quick questions for you to think about:

Are you using tools like this now?  If yes, how can you improve them? If no, why not start today?

How will you use these ideas to grow your business profitably while having more fun?

To your continued success,
Coach Nancy

Posted in Coaching, Executive Leadership, Small Business Management0 Comments

Choosing the Right Person for Management

One of the best decisions upper management can make in healthcare or small business is to promote from within when hiring  managers. Nursing managers, administration managers, operations managers, finance managers – you name it – finding a person within your organization who is suited for management is no easy task.  But promoting from within saves enormous time when trying to acclimate someone to an organization’s culture.

It also is an incredible motivator to those seeking more in their career.

Here are 5 Tips for Choosing the Right Person for Management
* Have a very clearly defined set of expectations for yourself and them before choosing a manager.

What is it you REALLY want them to do? (help make money  is a key component)

Write down those roles and responsibilities well in advance of choosing a manager so the candidate fits the job, not visa versa.

Make sure these roles and responsibilities align with your mission.

* Management is a people job. Look for a people person first and foremost. They  should have  that positive attitude necessary to lead others.

Identify those  folks with good people and organizational skills, and with the ability to see the big picture.

Identify those with a positive outlook and a good sense of humor who demonstrate a “can do” spirit. They will need these traits when things get tough.

Look for people who seek out the best in others.

* Determine who may be interested in accepting more responsibility and taking on a leadership role by asking.

Tenure, loyalty and friendship are not reasons for putting someone in management positions. As a matter of  fact, those are the three worst reasons to promote someone.

Leave no stone unturned. The quietest person may be just the one. It’s just no one ever asked them.

Who are those people who are self starters and take personal responsibility for all their actions?

* Seek out people who challenge you and the status quo -  you don’t want a “mini me”.

“Yes people” are followers – not leaders.

Find the person who understands where you are going and why and wants to be a part of making that happen.

* Develop a management preparedness program so the right people are ready when the opportunity presents itself.

Have a written training plan for those interested in becoming a manager so they earn the right to be considered. This is a natural weed out process.

Begin delegating people and project responsibilities to those you are grooming with a follow-up process to measure their progress.

Remember taking the extra time to choose the right person on the front end will save countless hours of wasted time for you in the future.

Hiring the right person to help you manage your practice or business is but the first step toward success. The next critical yet often overlooked step is using a qualified management coach to develop those necessary habits, attitudes and behaviors of an exemplary leader once you have made your decision.

To your continued success,

Coach Nancy

Posted in Coaching, Corporate Coaching, Executive Leadership, Healthcare Management, Management skills0 Comments

18 Habits for Winning in Any Business

Competing for the section leader position of my high school band drum section taught me lessons about life that still hold true in my career today. At the ripe age of sixteen, it was win at all costs, while not taking the time to realize how I got in my own way. Eventually I won that coveted spot as section leader but not before a very smart band director sat me down and mentored me on what winning was really all about. Winning is less about what we win and more about how we got the win, especially our treatment of competitors.

Amazing when you take the time to think about why you may not be winning at your  healthcare business or any service business, the one major thing standing in the way is usually YOU. From how you define success to how you go about achieving it, all is reflective of your attitude.

Take a look at these 12 habits and determine if any of them may be contributing to the YOU factor keeping you from being all you can be.
1.    Winning too much: The need to win at all costs and in all situations – when it matters, when it doesn’t, and when it’s totally beside the point.

2. Adding too much value: The overwhelming desire to add our two cents to every discussion.

3. Passing judgment: The need to rate others and impose our standards on them

4. Making destructive comments: The needless sarcasms and cutting remarks that we think make us sound sharp and witty.

5. Starting with “No,” “But,” or “However”: The overuse of these negative qualifiers which secretly say to everyone, “I’m right. You’re wrong.”

6. Telling the world how smart we are: The need to show people we’re smarter than they think we are.

7. Speaking when angry: Using emotional volatility as a management tool.

8. Negativity, or “Let me explain why that won’t work”: The need to share our negative thoughts even when we weren’t asked.

9. Withholding information: The refusal to share information in order to maintain an advantage over others.

10. Failing to give proper recognition: The inability to praise and reward.

11. Claiming credit that we don’t deserve: The most annoying way to overestimate our contribution to any success.

12. Making excuses: The need to reposition our annoying behavior as a permanent fixture so people excuse us for it.

13. Playing favorites: Failing to see that we are treating someone unfairly.

14. Refusing to express regret: The inability to take responsibility for our actions, admit when we’re wrong, or recognize how our actions affect others.

15. Not listening: The most passive-aggressive form of disrespect for colleagues.
16. Failing to express gratitude: The most basic form of bad manners.

17. Punishing the messenger: The misguided need to attack the innocent who are usually trying to help us.

16. Passing the buck: The need to blame everyone but ourselves.

How we do our business is a direct reflection of who we are and how we think. Isn’t it interesting that every habit is a reflection of our personal attitude. Change attitudes, which are our habits of thought, and positive results are endless.

To your enduring success,

Coach Nancy

Posted in Coaching0 Comments


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Nancy Proffitt- “Helping Leaders Get Employees as Excited About Their Business As They Are”

Profitable Business Coach - Leadership - Effective Management

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