Marcus Straub Intl Coach Header

Blog

Job Benchmarking: Cut Costs and Increase ROI - Business Times Column #112

Marcus Straub

Marcus Straub

All businesses experience turnover for a variety of reasons and endure very real costs associated with finding, training and developing new team members. Wise business owners endeavor to reduce the high costs of turnover and maximize their return on investment with new hires.

Extensive studies have estimated the cost of turnover to range from several thousand dollars to upwards of 150 percent to 200 percent of a team member’s annual salary.

Continue Reading

How Will You Expand Your Team's Potential in 2016? - Business Times Column #111

Marcus Straub

Marcus Straub

Human potential expands or becomes static depending upon whether or not it receives the stimulation it needs to grow and develop. The phrases “I’m in a rut” and “I’m stuck” are born of an individual’s languishing potential. Business owners, team members and business themselves get in ruts, too, and this must be overcome if they’re to expand their potential.

The path out of this stagnant state is through continual and ongoing learning opportunities designed to expand the potential of the team — professional development that challenges, stretches and increases the capabilities of your team members over time. Trainings are a vital component in consistently providing opportunities for team members to learn, grow and develop.

Continue Reading

Does Your Business Produce Happiness and Success? - Business Times Column #110

Marcus Straub

Marcus Straub

A widely held belief in business is that success is the result of selling as many products or services as possible to as many consumers as possible at the highest price possible to make as much money as possible.

When followed, though, this limited view of success leaves everyone involved feeling used, taken advantage of, vastly undervalued and, most importantly, unhappy.

Continue Reading

To Change or Not to Change? That is the Question - Business Times Column #109

Marcus Straub

Marcus Straub

Change is a constant in life and business. It occurs on a regular basis whether we want it to or not. Business environments change, economies change, team dynamics change, relationships change, the weather changes and so on. Life in general is about change. But if we habitually resist change, we limit the potential of all that’s available to us personally and professionally.

One reason we avoid change is because we must change with it. We become comfortable in our current position, even if it’s not making us happy or successful. Another reason we resist change is that we have the tendency to focus on how hard change will be and possible negative outcomes that are typically assumptions based on our fear of the unknown.

Continue Reading

Want Happiness? Strike a Balance Between Life and Work - Business Times Column #108

Marcus Straub

Marcus Straub

As an owner, you’re the foundation of your business. The more inspired and invigorated you are, the stronger your company will be. Conversely, when you become worn down, your business suffers because you don’t have the mental energy and clarity needed to be the caliber of leader necessary to create the level of success you desire. Plus, you’re unhappy.

A great deal of time, attention, effort and energy goes into running a business. With all there is to do, it’s easy for those who own a company to sacrifice many aspects, if not all, of their lives in the pursuit of success. There’s no true benefit to working yourself into the ground. But there’s a tremendous benefit to everyone involved — the business owner, company, team members, customers and families — when business owners strike and maintain a balance between life and work.

Continue Reading

Do You Build Trust and Loyalty in Your Team Members? - Business Times Column #107

Marcus Straub

Marcus Straub

If you’ve been a business owner for any length of time, you probably understand the harm a lack of trust and loyalty can have on the success of your operation and overall happiness. Conversely, you no doubt recognize the tremendous benefits trusting and loyal team members bring to you and your customers.

Trust and loyalty go hand in hand. Anytime trust between you and a team member is broken, any loyalty that existed is damaged. Once damaged, it can be a lengthy process to rebuild it, if not impossible. As the leader of your company, team member trust and loyalty begins with you. The wisest choice is to build trust and loyalty from the outset and continually work to strengthen that over time.

Continue Reading

Are You Hiring Effectively and Building a Powerful Team? - Business Times Column #106

Marcus Straub

Marcus Straub

If you want your experience as a business owner to be more enjoyable and rewarding — and your company to be increasingly successful — it’s imperative you consistently work toward building and maintaining a dynamic and powerful team.

Do you want to derive more joy from owning and running your business? Are you interested in greater efficiency and productivity? Would you like your business to operate with fewer errors and less interruptions to the flow of operations? Do you want your business to be more successful overall?

Continue Reading

Business Times Column #102

Do You Serve Up A Good Feeling In Your Business?

Article date: Jul 7 2015

Marcus Straub

Marcus Straub

With every transaction and interaction, a business gives its customers and the team members who serve them a good, neutral or bad feeling. The last two have no place in a thriving company, while the first constitutes a necessary component to happiness and success.

Continue Reading

Logos LIGC COY mobile SM