How Business Coach Program Can Help You Become Peak Performer in Growing Your Business?

By Yuri Amadin

Do you play sports? Or do you ever pay attention to the world athletes such as Michael Jordan, Roger Federer, Tiger Woods, etc. I remeber when I was in the US, I saw an ad on TV, I forgot what what product was, but it showed how Tiger Woods, was hitting golf balls at the open driving range when it was raining hard. How does this relate to business and being a peak performer? Lets switch to business a bit now, another movie I just saw was “Social Network”. Movie about how “Facebook “ that was created by Mark Zuckerberg. The movie explored the process on how Facebook was created, and you can see how some of athletes qualities in becoming champion, were shown in Mark’s characteristics:

What are those qualities:

• Sure of his ability. He’s so confident and that when he was in the zone, there was time when he worked for 36 hours straight.
• He was always willing to participate to learn new materials and study with the best in the world. He attended Bill Gates lectures in Harvard and also participated in groups and communities that supported his goal.
• Always work hard.
• Willing to accept targets and objectives. He had an objectives in his mind to move the college social life in many universities online and he sticked to that goal.
• Constantly search for new ideas, trends and changes. He refused to immediately monetize from his Facebook, because he’s still developing it and putting new ideas and trends into it. He even moved to California and met Napster’s founder to browse for new ideas.
• He consistently applies the principle of “ Constant And Never Ending Improvement” or Kaizen in Japanese to achieve and transform his goals.

Now the question is, how can a business coaching program helps you, small business owners, achieve these qualities? For the last 5 years of my coaching practice, 90% probabilty of chance that created success in my clients results was the ability of the clients to be a peak performer.

I didn’t always had clients with above qualities, many of them actually did not. What changed them was the “WHY” factor. They were either in extreme business pain or want to get a certain reward so bad, so they had to change.

My job was a coach in the beginning is to lay down the rules for successful coaching results, these rules were made to drastically change their attitude to become peak performer. Once they agreed, all technical stuff to produce results are easy to achieve.

If you would like to discuss on how I can help you achieve your business and personal goals, please email me at bisnisgerilya@gmail.com and tell me your 3 biggest problems and what outcome you want to achieve in the next 12 months.

How To Build Cash Reserves in Your Business?

Building Cash Reserves

Building a financial cushion for your business is never easy. Experts say that businesses should have anywhere from six to nine months worth of income safely stored away in the bank. If you're a business grossing $250,000 per month, the mere thought of saving over $1.5 million dollars in a savings account will either have you collapsing from fits of laughter or from the paralyzing panic that has just set in. What may be a nice well-advised idea in theory can easily be tossed right out the window when you're just barely making payroll each month. So how is a small business owner to even begin a prudent savings program for long-term success?

Realizing that your business needs a savings plan is the first step toward better management. The reasons for growing a financial nest egg are strong. Building savings allows you to plan for future growth in your business and have ready the investment capital necessary to launch those plans. Having a source of back-up income can often carry a business through a rough time.

When market fluctuations, such as the dramatic increase in gasoline and oil prices, start to affect your business, you may need to dip into your savings to keep operations running smoothly until the difficulties pass. Savings can also support seasonal businesses with the ability to purchase inventory and cover payroll until the flush of new cash arrives. Try to remember that you didn't build your business overnight and you cannot build a savings account instantly either.

Review your books monthly and see where you can trim expenses and reroute the savings to a separate account. This will also help to keep you on track with cash flow and other financial issues. While it can be quite alarming to see your cash flowing outward with seemingly no end in sight, it's better to see it happening and put corrective measures into place, rather than discovering your losses five or six months too late.

Do You Know What Bookkeeping Is?

Bookkeeping Basics

Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is really one function of accounting, while accounting encompasses many functions involved in managing the financial affairs of a business. Accountants prepare reports based, in part, on the work of bookkeepers.

Bookkeepers perform all manner of record-keeping tasks. Some of them include the following:

-They prepare what are referred to as source documents for all the operations of a business - the buying, selling, transferring, paying and collecting. The documents include papers such as purchase orders, invoices, credit card slips, time cards, time sheets and expense reports. Bookkeepers also determine and enter in the source documents what are called the financial effects of the transactions and other business events. Those include paying the employees, making sales, borrowing money or buying products or raw materials for production.

-Bookkeepers also make entries of the financial effects into journals and accounts. These are two different things. A journal is the record of transactions in chronological order. An accounts is a separate record, or page for each asset and each liability. One transaction can affect several accounts.

-Bookkeepers prepare reports at the end of specific period of time, such as daily, weekly, monthly, quarterly or annually. To do this, all the accounts need to be up to date. Inventory records must be updated and the reports checked and double-checked to ensure that they're as error-free as possible.

-The bookkeepers also compile complete listings of all accounts. This is called the adjusted trial balance. While a small business may have a hundred or so accounts, very large businesses can have more than 10,000 accounts.

-The final step is for the bookkeeper to close the books, which means bringing all the bookkeeping for a fiscal year to a close and summarized.

You can email me at bisnisgerilya@gmail.com for free 10 Minute consultation to find out how I can help your business.

How to Audit Your Company’s Culture? A Case Study

By Coach Yuri Amadin

In my experience coaching many small business companies in Indonesia, one of the hardest problem to create growth is to change the culture of companies for growth. In this article, I am going to share with you the story with one of my client, what is currently going on and how we currently deal with this situation using Culture Audit. Lastly, we will give you on our special offer on how you can benefit from my service.

For the last 5 months, I have been coaching an old company that has been running for the last 35 years. Its a family business where the ownership is transferred from the father to the son with three brothers. The son has to lead a team of management with many of older people from his father generation. The son had no background in the industry, so for many years, the company focused on just making money without particular principle of keeping its promise, uncompromising quality.

The father had promise “uncompromising quality” to its clients and staff, but since the son led the team, the reality was the opposite. Due to chasing sales, they have used up all their resources for bad clients, so by the time good clients came, they had to add additional funds which ate up their margins.

So when I came, my job was to help them get uncompromising quality for real, not just lip service. Within a few months coching, the top management got their clarity on what outcome they would like to get and what core values that had to be reinforced so that it could become reality.

Problems started when I started to coach and push them in marketing, sales, planning and budgeting. I realized that it was hard to change their paradigmn from them depending on the clients to the clients depending on them,therefore;they had been comprimising. That session proofed that new core values that top management tried to implement did not work. Due to that, we did a culture audit.

After the culture audit, we found out that the core values that the top management set did not aligned with the management as well as with top management and the owner’s beliefs about the business. Knowing this is very important, because it will be useless to consult and talk about technical issues such as marketing and finance without addressing the company’s culture first.

Therefore;the next step that is need to be done is to bring this issue upfront to the whole team. Bring them into awareness that the culture is the real issue here. Then, coach them to go through it and get concensus on what are the next steps that the company want to make, cause technicals are easy, its the application that are not easy.

For those of you that want to know more on whether I can help your business, I offer you a 10 minute consultation with me over the phone. Within this 10 minute I can tell you straight on whether I can help your business and how. You can do that by emailing me at bisnisgerilya@gmail.com to set your appointment with me, Coach Yuri.