Tag: more profits

Professional development goals are the blueprint for advancing your skills, career, and personal growth. Whether you aim for a promotion, master a new skill or foster leadership capabilities, these goals help bridge the gap between your current state and aspirations. Here’s how to set effective goals and actionable tips to achieve them.

Steps to Setting Professional Development Goals

1. 1. Identify Your Vision – Start by reflecting on your career trajectory. Where do you see yourself in five or ten years? Defining a clear vision guides your goals.
   2. Set SMART Goals – Goals should be Specific, Measurable, Achievable, Relevant, and Time-bound. For example, instead of “improve communication,” aim for “complete a public speaking course by Q2.”

Developing a Strategic Talent Pipeline

Building a strategic talent pipeline is crucial. This involves identifying the roles and skills that will be needed in the future and developing strategies to attract and develop talent to fill these roles. Organizations can leverage partnerships with educational institutions, internal training programs, and external recruitment agencies to ensure a steady flow of qualified candidates. This proactive approach helps organizations stay ahead of industry trends and technological advancements (Harrier Talent Solutions) (The Predictive Index).

Embracing Leadership and Technology

Effective leadership is vital for aligning talent strategy with business strategy. Leaders should promote a culture of innovation and agility, ensuring that employees are motivated and aligned with the company’s vision. Additionally, leveraging technology can enhance workforce planning and management. Tools such as talent analytics can provide insights into employee performance, skills gaps, and future hiring needs, enabling data-driven decision-making (Korn Ferry | Organizational Consulting) (The Predictive Index).

Setting Clear Expectations and Performance Metrics

Clear communication of business goals and how they translate into specific HR initiatives is essential. This includes setting expectations for employees and managers, and ensuring that everyone understands how their roles contribute to the company’s objectives. Regularly revising these expectations and performance metrics ensures ongoing alignment and allows for adjustments based on evolving business needs (The Predictive Index).

Prioritizing Employee Experience

A positive employee experience is key to retaining top talent and ensuring high levels of engagement and productivity. HR leaders should regularly solicit employee feedback and make meaningful improvements in areas such as work-life balance and professional development. Recognizing employee contributions also plays a significant role in maintaining morale and commitment to the organization’s goals (The Predictive Index) (HR Executive).

Continuous Improvement and Adaptation

Aligning talent strategy with business strategy is an ongoing process that requires continuous improvement and adaptation. Regularly reviewing and adjusting talent management practices to reflect changes in business strategy ensures that the workforce remains a dynamic and strategic asset. This includes upskilling current employees, adapting recruitment strategies, and fostering a culture of continuous learning and development (Korn Ferry | Organizational Consulting) (HR Executive).

Conclusion

Aligning talent strategy with business strategy involves a multifaceted approach that includes understanding business goals, developing a strategic talent pipeline, leveraging leadership and technology, setting clear expectations, prioritizing employee experience, and continuously adapting to changes. By following these steps, organizations can ensure that their workforce is well-equipped to drive business success and maintain a competitive edge.

For more detailed guidance and examples, you can refer to sources like: Harrier Talent Solutions, Korn Ferry, Predictive Index, and HR Executive (Harrier Talent Solutions) (Korn Ferry | Organizational Consulting) (The Predictive Index) (HR Executive).

Gary Brunson
gary@myclearfocus.com

Debra Rider
debra@myclearfocus.com

574.361.2674

Sustainable Growth & Profit Consultant, Coach, Mentor, and Counselor/Therapist for Business Owners and Professionals.

Are you a business owner without a succession strategy in place? Even if you are years from exiting your business, the day will eventually come when you relinquish your post to a new generation of leadership. And that takes planning and elbow grease.

Owners who fail to plot their approach to succession are prone to greater stress and fewer options when they finally do decide to proceed with their exit.

Discover compelling reasons to begin your succession planning now by reading “Top Reasons to Have a Succession Plan in Place” at The Alternative Board (TAB).

Let me know if you want to discuss your exit plan and whether you have the leadership team you need to successfully implement it!

https://www.thealternativeboard.com/blog/top-reasons-to-have-a-succession-plan-in-place

#tabboards #businesscoaching #exitplanning

Gary Brunson
gary@myclearfocus.com

Debra Rider
debra@myclearfocus.com

574.361.2674

Sustainable Growth & Profit Consultant, Coach, Mentor, and Counselor/Therapist for Business Owners and Professionals.

Aligning talent strategy with business strategy is essential for achieving organizational success. This alignment ensures that the workforce is equipped with the skills and competencies needed to meet current and future business objectives, thereby driving performance, innovation, and competitive advantage. Here’s how organizations can achieve this alignment:

Understanding Business Goals

First and foremost, organizations need to have a clear understanding of their business goals. This involves analyzing the company’s strategic objectives and determining the specific talent requirements to achieve these goals. This analysis should consider current workforce capabilities, future skill requirements, and potential gaps that need addressing.

Developing a Strategic Talent Pipeline

Building a strategic talent pipeline is crucial. This involves identifying the roles and skills that will be needed in the future and developing strategies to attract and develop talent to fill these roles. Organizations can leverage partnerships with educational institutions, internal training programs, and external recruitment agencies to ensure a steady flow of qualified candidates. This proactive approach helps organizations stay ahead of industry trends and technological advancements (Harrier Talent Solutions) (The Predictive Index).

Embracing Leadership and Technology

Effective leadership is vital for aligning talent strategy with business strategy. Leaders should promote a culture of innovation and agility, ensuring that employees are motivated and aligned with the company’s vision. Additionally, leveraging technology can enhance workforce planning and management. Tools such as talent analytics can provide insights into employee performance, skills gaps, and future hiring needs, enabling data-driven decision-making (Korn Ferry | Organizational Consulting) (The Predictive Index).

Setting Clear Expectations and Performance Metrics

Clear communication of business goals and how they translate into specific HR initiatives is essential. This includes setting expectations for employees and managers, and ensuring that everyone understands how their roles contribute to the company’s objectives. Regularly revising these expectations and performance metrics ensures ongoing alignment and allows for adjustments based on evolving business needs (The Predictive Index).

Prioritizing Employee Experience

A positive employee experience is key to retaining top talent and ensuring high levels of engagement and productivity. HR leaders should regularly solicit employee feedback and make meaningful improvements in areas such as work-life balance and professional development. Recognizing employee contributions also plays a significant role in maintaining morale and commitment to the organization’s goals (The Predictive Index) (HR Executive).

Continuous Improvement and Adaptation

Aligning talent strategy with business strategy is an ongoing process that requires continuous improvement and adaptation. Regularly reviewing and adjusting talent management practices to reflect changes in business strategy ensures that the workforce remains a dynamic and strategic asset. This includes upskilling current employees, adapting recruitment strategies, and fostering a culture of continuous learning and development (Korn Ferry | Organizational Consulting) (HR Executive).

Conclusion

Aligning talent strategy with business strategy involves a multifaceted approach that includes understanding business goals, developing a strategic talent pipeline, leveraging leadership and technology, setting clear expectations, prioritizing employee experience, and continuously adapting to changes. By following these steps, organizations can ensure that their workforce is well-equipped to drive business success and maintain a competitive edge.

For more detailed guidance and examples, you can refer to sources like: Harrier Talent Solutions, Korn Ferry, Predictive Index, and HR Executive (Harrier Talent Solutions) (Korn Ferry | Organizational Consulting) (The Predictive Index) (HR Executive).

Gary Brunson
gary@myclearfocus.com

Debra Rider
debra@myclearfocus.com

574.361.2674

Sustainable Growth & Profit Consultant, Coach, Mentor, and Counselor/Therapist for Business Owners and Professionals.

Always be closing. It is a sales mantra we are all surely familiar with, but such a pithy statement belies what is often a much more complicated process.

Every step of the sales process involves specific skills in moving a prospect through the pipe.

Learn four essential approaches to closing the deal by reading “Closing Techniques That Help Build Sales” at The Alternative Board (TAB).

Do you have a closing tip that works for you?

https://www.thealternativeboard.com/blog/closing-techniques-build-sales

#tabboards #businesscoaching #alwaysbeclosing

Gary Brunson
gary@myclearfocus.com

Debra Rider
debra@myclearfocus.com

574.361.2674

Sustainable Growth & Profit Consultant, Coach, Mentor, and Counselor/Therapist for Business Owners and Professionals.

Many business owners dream of the day they will exit their company and live the life they dreamed of (or move on to launch their next business). There is almost always a strong psychological component to exiting, and it is not always a positive or fulfilling one.

Stepping away from your business, or even just the thought of it, can trigger unexpected and intense emotional responses. As transition approaches, it is common for business owners to experience feelings of profound loss, fear, and sadness that can catch them off guard.

The key to experiencing a healthy and successful exit is to understand and address common psychological challenges associated with ownership transition and personal well-being.

Discover five smart strategies that can help you mentally prepare for your exit by reading “The Emotional Side of Exit Planning” at The Alternative Board (TAB).

https://www.thealternativeboard.com/blog/the-emotional-side-of-exit-planning

#tabboards #businesscoaching #exitplanning

Gary Brunson
gary@myclearfocus.com

Debra Rider
debra@myclearfocus.com

574.361.2674

Sustainable Growth & Profit Consultant, Coach, Mentor, and Counselor/Therapist for Business Owners and Professionals.

TAB boasts some of the best peer advisory board industry retention rates. So, we asked some of our longtime TAB Members to share how their TAB boards and business coaching have repeatedly improved their businesses and lives.

Find out why many business owners and CEOs embrace TAB as a strategic catalyst for long-term personal growth and business success.

https://www.thealternativeboard.com/long-time-tab-member-case-study

#tabboards #businesscoaching #peeradvisoryboards

Gary Brunson
gary@myclearfocus.com

Debra Rider
debra@myclearfocus.com

574.361.2674

Sustainable Growth & Profit Consultant, Coach, Mentor, and Counselor/Therapist for Business Owners and Professionals.

Effective leadership is not a one-size-fits-all approach. CEOs who succeed in today’s dynamic business environment do so by leveraging a leadership style that aligns with their values, personality, and business objectives. But how can CEOs identify their leadership style? This article will provide practical steps to help CEOs understand and refine their unique approach to leadership.

1. 1. Understand the Types of Leadership Styles

Before you can identify your style, you need to know what’s out there. There are various leadership styles, each with unique advantages and challenges. Common styles include:

• • • Democratic Leadership: Involves group decision-making, where the leader guides but gives equal voice to all team members.
    • Autocratic Leadership: The leader retains full control and makes decisions independently.
    • Transformational Leadership: Focuses on driving change and pushing employees to exceed their limits.
    • Transactional Leadership: Focuses on clear structure and rewards based on performance.

By studying these styles, you can determine which traits resonate with your natural tendencies and which may be less effective for your leadership goals.

1. 2. Assess Your Personality and Strengths

To find the right leadership style, it’s essential to take stock of your personality and how it influences your decision-making. Utilizing assessment tools like DISC, Myers-Briggs, or TTI Success Insights’ behavioral assessments can be insightful. These tools measure key traits like emotional intelligence, communication preferences, and leadership tendencies. By identifying your strengths and weaknesses, you can see which leadership styles are most compatible with your personality. For instance, a CEO with a high degree of empathy may thrive in a transformational or coaching leadership role, while someone more structured might gravitate toward transactional leadership.

1. 3. Seek Feedback from Your Team

Getting feedback from colleagues and team members is crucial to understanding how your leadership style is perceived. This can help you bridge any gaps between how you think you’re leading and how you are leading. Create opportunities for open dialogue and consider anonymous feedback systems to get honest insights into your leadership effectiveness. This practice aligns with the idea that leadership credibility is built over time by engaging with your team, listening, and treating them as valued assets.

1. 4. Experiment with Different Styles

Leadership is fluid. As the business environment changes, so should your approach. It’s not uncommon for CEOs to adopt multiple styles over time. For example, during a crisis, an autocratic style may be necessary to make quick decisions, but during times of growth, a transformational or democratic style could be more effective. Don’t hesitate to experiment and adjust your style based on the context. Leadership development is an ongoing process, and flexibility is key.

1. 5. Measure the Impact

Once you’ve identified and started to implement your leadership style, measure its impact. You can use metrics such as employee engagement, productivity levels, or business outcomes to gauge how your approach is working. If needed, adjust your style to achieve the desired results.

Ultimately, successful leaders are not defined by rigid adherence to a specific style but by their ability to adapt, communicate, and motivate their teams.

Conclusion

Finding your leadership style as a CEO involves understanding the different approaches, assessing your personality, seeking feedback, experimenting, and continually measuring impact. By developing a style that reflects both your values and the needs of your team, you can guide your organization more effectively and foster long-term success.

Gary Brunson
gary@myclearfocus.com

Debra Rider
debra@myclearfocus.com

574.361.2674

Sustainable Growth & Profit Consultant, Coach, Mentor, and Counselor/Therapist for Business Owners and Professionals.

Times are a bit turbulent right now. And nobody knows how current global and domestic factors will affect the industry or the economy. As scary and uncomfortable as uncertainty is, the good news is that, as a business owner, your ability to adapt, lead, and plan for fluctuations was both challenged and honed during the pandemic years. So, you are far better informed on the best ways to avoid the full brunt of just about any bump that may come your way.

And it all starts with strong leadership skills.

Read “Economic Uncertainty: Your Crucial Role As Business Leader When Times Are Tough” at The Alternative Board (TAB).

https://www.thealternativeboard.com/blog/your-crucial-role-as-business-leader-during-economic-uncertainty

#tabboards #businesscoaching #adaptability

Gary Brunson
gary@myclearfocus.com

Debra Rider
debra@myclearfocus.com

574.361.2674

Sustainable Growth & Profit Consultant, Coach, Mentor, and Counselor/Therapist for Business Owners and Professionals.

Strategic Insights to Overcome Workforce Challenges

Business leaders face a variety of challenges that can disrupt growth and profitability, from poor hiring decisions and disengaged employees to high turnover rates. A powerful tool to address these issues is employee assessments, which offer data-driven insights into a candidate’s or employee’s behavioral style, motivations, emotional intelligence, and skills. These assessments equip leaders with the information needed to make strategic decisions, improving workforce alignment and overall business performance.

How Assessments Solve Business Challenges

1. 1. 1. Improving Hiring Accuracy: Many businesses struggle with high turnover rates or poor job performance due to mismatched hires. Employee assessments, such as behavioral or cognitive assessments, help identify individuals whose strengths and personality traits align with the role. This reduces costly hiring errors and boosts retention.
      2. Enhancing Employee Engagement: Assessments can diagnose engagement issues by evaluating factors like employee motivations, work environment preferences, and communication styles. Leaders can use this information to foster better team dynamics, improve job satisfaction, and optimize collaboration across the organization.
      3. Increasing Retention through Personalized Development: One of the most impactful uses of assessments is in tailoring professional development. By understanding the strengths, weaknesses, and growth potential of employees, companies can design individualized development programs that foster career progression and boost loyalty, ultimately reducing attrition.
      4. Strengthening Leadership and Team Performance: Leadership assessments, in particular, help identify traits and areas of improvement in managers. Organizations can use this data to promote high-potential leaders and offer targeted training that sharpens decision-making, emotional intelligence, and team management skills.

By integrating assessments into talent strategy, businesses can create a more engaged, efficient, and high-performing workforce, resulting in a sustained competitive advantage

Gary Brunson
gary@myclearfocus.com

Debra Rider
debra@myclearfocus.com

574.361.2674

Sustainable Growth & Profit Consultant, Coach, Mentor, and Counselor/Therapist for Business Owners and Professionals.

Uncertainty is an inevitable but uncomfortable fact of business ownership, particularly when the economy appears to be in flux.

An important asset for organizations during unpredictable times is a defined and healthy company culture.

Company culture is a business’s collective set of beliefs, attitudes, and practices embodied in the workplace. A positive culture fosters better employee satisfaction, higher employee retention, and more innovation and resiliency (and that is just the tip of the iceberg).

Want smart tips on fortifying your business for whatever comes our way? Read “Build a Strong Company Culture to Overcome Economic Uncertainty” at The Alternative Board (TAB).

In what ways do you actively work to bolster your company culture?

https://www.thealternativeboard.com/blog/build-a-strong-company-culture-to-overcome-economic-uncertainty

#tabboards #businesscoaching #companyculture

Gary Brunson
gary@myclearfocus.com

Debra Rider
debra@myclearfocus.com

574.361.2674

Sustainable Growth & Profit Consultant, Coach, Mentor, and Counselor/Therapist for Business Owners and Professionals.