A company budget is your cash accountability plan. It’s a plan for how much money is expected to come in, where your money is going and what your expected profit is. Creating a comprehensive company budget doesn’t have to be an overwhelming process. Industry expert, Donna Febus of Temple Executive Coaching shows how simple it can be. If you do not control your money, it will control you.
In this interview Mike Temple and Donna Febus of Temple Executive Coaching discuss the importance for entrepreneurs to get a handle on their finances. Virtual CFO Donna Febus, walks viewers through how to get a handle on where their cash is coming from, when it should be coming, and where it should go.
In this interview, Mike Temple and Donna Febus of Temple Executive Coaching discuss the importance for entrepreneurs to get a handle on their finances. Industry expert, Donna Febus, explains how increasing your sales might not be the solution to increasing revenue. Donna gives four areas where business owners should look to help increase their bottom line. Mike and Donna explain how attempting to increasing your sales might make the
problem worse of controlling your cash before it controls you.
Is developing our remote work staff all that it’s cracked up to be. Ann Holm of Temple Executive Coaching/ Ann Holm.net gives us her insight on Zoom taking over personal interaction within the work force. As many employees demanded more of a work/life balance, has remote meetings blurred the lines even more so? Is there such a thing as Zoom fatigue? Is it possible that working from home is more stressful than not? As in all things, is there a balance to remote work? Let us know what you think.
Employee training and development are sometimes used synonymously. What’s the difference between the two? In this podcast, industry expert, Ann Holm discusses what they are. Employee Training focuses on the tactical, these are functions found in the company manual, procedures, the “how too” of things. Employee training can happen on levels of individuals or groups. Employee training can only advance people as far as you show them the “how to”. Most employee training doesn’t continue until a “new how to”. Employee Development goes much deeper. Here is where you help them recognize their strengths and blind spots. Helping them interact with other employees, or enhancing communication skills with different personalities. Implementation is ongoing and never fully developed. Employee development increases self-awareness, and typically leads to other levels of awareness. A simple example could be a very talkative individual. If another employee needs to communicate to them about something very important, they may avoid speaking to them out of concern of how much time the talkative party will take. Toxic environments are due to lack of employee development. If you address the people development, this could lead to better training on the “how to”.
As we return to work after the pandemic, we are facing new challenges. Despite our best laid plans, there is still an enormous amount of uncertainty about what it will look like when we return. In this episode, industry expert Ann Holm of Temple Executive Coaching, explores 9 different mindsets known as “saboteurs”, that at first glance, look like helpful strategies to use during these uncertain times. What we will learn is that they actually get in our way of the outcomes we seek, and what’s more, make our relationships stressful as well. The end of this episode will outline the first steps you can take to silence your
It’s never too late to create and use a budget. If you wait you perpetuate the problem of no clarity of where your money is going. If you set goals you have no idea if you’re coming close to them. All of this could be a sign that the money is controlling you instead of you controlling your money. Why not start immediately so you know exactly where you’re at; which will give you clarity on your current state. It’s a discipline of mindset to start a budget, stick to it, if you approach your numbers with a willy nilly mindset, that’s what you’re going to get willy nilly results. People are feeling anxiety, depressed, that lost feeling of what am I going to do. Controlling your cash helps alleviate a great deal of those feelings.
Knowing how to have difficult conversations with staff can either make, or break a leader. In this episode, Mike Temple and Ann Holm of Temple Executive Coaching, introduce a 4-step strategy that ANY leader can utilize to move difficult conversations to effective conversations.
You need to control your cash and dictate how your funds are managed instead of your cash controlling you. In this episode, Donna Febus. MA, of Temple Executive Coaching, demonstrates how some trends are good and need to be sustained, and some could be catastrophic and ruin your business. You need to be able to spot them, root them out before
they take hold of your business. We show how to prepare a budget using your own historical data. Having at least 3 years of historical data to spot trends in your business would be ideal to gain an understanding of how your funds have been utilized. Every month you need to run a budget to actual report. You should then look at what was budgeted and what actually happened. If there are any drastic differences, you should be asking “why”. Not only why did we go way over, but why were we drastically under? You never know what you will find through this process. Who knows, just like Donna, you might find a bigamist when digging through your budget!
There are three types of individuals that make up every company culture. In this session I break them down for you, and reveal what to watch for.
Creating company culture is one of the most critical elements that many business leaders over look. By not creating your company culture, it will grow on its own. If that happens you have no idea what type of company culture you will get. In my experience working with entrepreneurs all
Many “experts” discuss the importance of company culture, but no one shows HOW to create authentic values that lead to company values. In this video I show you the “how to” of creating authentic company values.
The dirty little secret of why your company is not growing. Your revenue can not exceed your company structure or process.
Knowing how to have difficult conversations with staff can either make, or break a leader.
You need to control your cash and dictate how your funds are managed instead of your cash controlling you.
As we return to work after the pandemic, we are facing new challenges.
It’s never too late to create and use a budget.
Is developing our remote work staff all that it’s cracked up to be?
In this podcast, industry expert, Ann Holm discusses differences between employee development and training.
Donna Febus gives four areas where business owners should look to help increase their bottom line.
Creating a comprehensive company budget doesn’t have to be an overwhelming process.
Learn about the importance for entrepreneurs to get a handle on their finances.
You can develop grit by doing the following:
- Have a growth mindset that recognizes that you can continuously improve your attitude, skills, and knowledge. Treat setbacks as an opportunity to grow and improve.
- Know your why, which will remind you to focus your efforts on what matters most, compelling you to do the work, take risks, and push forward regardless of how hard the path becomes.
- Identify a movie character or scene that moves you to keep going and bring that extra effort.
- Listen to a song or songs that inspire you to push forward regardless of the odds or obstacles.
- Avoid negative media that can sap your energy and demotivate you.
- Think of a relative like a parent or a grandparent who embodies grit in your mind.
- Avoid the “what the hell” effect which is the feeling you get when you’ve already failed so you decide you might as well fail spectacularly. To keep the progress going, manage your slips.
Slay the Procrastination Dragon
Procrastination keeps us from tapping into our true excellence. Learn how procrastination and it’s tag team brothers Distraction and
5 Ways to Bring Your “A” Game
- The term “A game” is typically used in athletics and it means bring your best game, the right attitude, a winning, focused, positive mindset
- “A game” is now used broadly and refers to the attitude, effort, and skills required to slay the moment
- You must find ways to act even when you are not feeling confident and positive
- Your A game doesn’t come like a lightning bolt from the sky, you must learn to create your A game when you need it
Saboteurs: How You Sabotage Yourself When Trying to Sell or Run a Small Business
- Saboteur type comes from the book, Positive Intelligence: Why Only 20% of Teams and Individuals Achieve Their True Potential and How You Can Achieve Yours
- You deploy certain strategies that have been with you since you were very young, that you used to navigate your life.
- The strategies helped you meet three basic needs: independence, acceptance, and security by asserting, earning, or avoiding. They become a hindrance rather than a useful strategy as you become an adult and your life becomes complex.
Understand How Your Customer Thinks
- Knowing the varying temperaments will assist in understanding the differences between how people think. It’s easy to remember, and the tips are immediately helpful.
- All customers think differently; however, temperament is being able to take a calibrated guess on how they will feel.
5 Ways 3PL Sales Have Changed
- 5 ways 3PL (third-party logistics) sales have changed
- Suggestion on how to deal with these changes is offered.
- How do you approach sales from lead to close?
- Knowing the sales personalities of your team is invaluable.
- Communication needs to be adjusted between different personality types.
Emotional Intelligence 101
- This is an easy to understand overview of emotional intelligence
- It has broad implications for work and life
- Additional focus and examples are explained in the contest of sales
Stop Toiling in Obscurity
- Toiling in obscurity may indicate you lack leadership, influence, and you are not recognized for your contributions.
- This podcast gives easy to use tips to learn how to leverage your skills and accomplishments and become part of your industry conversation.
Leaders are like everybody else. We don’t wake up every single morning thrilled to go to work. Often, we want to call in sick and go hiking, play tennis, or play hooky with our family. But we don’t. One thing that sets leaders and up-and-coming leaders apart from most people is our ability to generate […]