Coaching & Advisory Boards
What Can A Business Advisory Board Do For You?
The Alternative Board Hawaii is a membership organization that specializes in business and leadership development. By combining the diverse experience of Hawaii business owners in a collaborative, confidential atmosphere, you benefit from the wisdom, knowledge and hard won experience of your peers. Hawaii is an island, but we are not alone and not without resources to help. The Alternative Board Hawaii offers the proven business model of coaching plus an advisory board to give you the advice and confidence to move decisively. We have developed a performance and learning environment ideal to accelerate the positive results of any committed entrepreneur.
10 Lessons Learned in 10 Years of TAB Business Coaching!
Over the last 10 years I have coached many business owners, and I have learned a lot from them. I’d like to share the 10 most impactful lessons I learned, and the key areas where I have helped my clients succeed.
1
Don’t wait to look for a Second in Command
Your most important hire will be your second in command. This person will allow you to concentrate on what your best at to catapult your business to the next level...but how do you find that person? What should they do? My hiring team can help you find them!
2
Understand the True Costs of Doing Business
Most business owners I’ve worked with either don’t know their costs at all or greatly underestimate them. Your costs are what you can control, and I have helped my clients understand their true costs - often an eye-opening experience!
3
Charge What You’re Worth
Many business owners are afraid to charge enough, leading to lower profits or even losses in the long-term. You can’t offer more for less and at the same time pay your staff well, provide a great service, and make a good profit. You can pick only two. Raise your prices!
4
Learn About Your Blind Spots
At TAB we use the DISC model of human behavior to help business owners understand their blind spots . Do you know yours? My experience shows these blind spots are directly related to the difficulties you have that hold you back from success – but with help you can overcome them and reach your goals.
5
Plan for Success
So often our plans seem like dreams, and we hold back because we are worried about the economy or some other issue. To reach your goals, you need to act like you expect to meet them. Plan for success, for it won’t come without that plan!
6
Take Action Now
After coaching for so many years, what is most surprising is how many business owners are in the same place they were the last time I met them years ago from a lack of action. Don’t wait to make the necessary changes - TAKE ACTION ASAP! Help is out there.
7
Get the Right Coach and Peer Group
I’m amazed at how few business owners have a coach. Even fewer have been in a peer advisory group. A good business coach has worked with multiple business owners and can see your issues quickly. A Peer board with a coach turbocharges the pace of learning... if you are ready to listen and learn from others!
8
Delegate, Outsource or Eliminate Tasks
You have to learn to delegate, it’s not an innate skill. But it’s getting harder to find qualified personnel to do many admin tasks... they are either too expensive or not available. To speed your growth, many business owners are building a remote team to perform routine admin, accounting, lead generation and customer service tasks... getting things done and making more profits.
9
Understand What Drives the Value of Your Business
One day you will exit your business... until then you need to work on the factors that increase the value of your business. Most business owners I have worked with didn’t fully understand them... and wished they had taken action earlier, so they had an asset to sell!
10
Culture is More Important Than You'd Think
The way you say you get things done, and the way your company actually operates, can be a deal breaker. Your employees’ shared assumptions, feelings and perceptions create an invisible organizational structure that critically needs your time and leadership to mold.
At TAB we combine experience business coaching, peer advisory and sophisticated tools to help business owners reach a higher level of success. Plus, I have built a team of colleagues to help you get answers and support.