5 Ways to Increase Your Profit

By Action Coach David Beam

If you have been hanging around Action Coach for very long, you have heard of the “5-Ways”. It’s great to know about simple profound principles that can really boost your business success. However, the only way that the “5-Ways” is going to do that for your business is by taking ACTION. So here is a challenge for every reader of this newsletter. Today, create at least one strategy from each of the five ways to implement in your business over the next 30 days, and do it.

Your Biggest Competition

by Action Coach David Beam

A common question that I get asked as a business coach by business owners is “Who do you think is my biggest competitor?”

Many business owners are very focused on their competition. “How much are they charging?” “What are the new services or products that they are going to roll out?” “What do they say about us?” “How well do we compete in the market compared with them?”

Frankly, searching for answers to those questions really has minimal value. The reality is that your biggest competition is not the other guy or gal, but YOU! The single largest limiting factor to your success is not outside, but inside. Instead of focusing on what others are doing, the most leveraged way to improve your business and realize success is to look in the mirror.

Looking for Opportunity in a Challenged Economy

by Action Coach Dave Beam

Just like the seasons of the year, the economy cycles. It appears that we are headed for a heavy economic winter season. Winter is not bad. It just requires preparation and an appropriate response to make it good. In fact, if you are a child, you look forward to the fun that comes with the change of season. A fundamental principle for facing any challenge is to understand that circumstances are neither good nor bad. It is your response to circumstance that turns that circumstance into a fun adventure or a devastating disappointment. It is essential, especially in challenging times, to be ready to create, change, and innovate. People who are filled with fear, worry, and distress are not in a creative frame of mind. Remember that spring will eventually come, and how you respond in winter will prepare you to plant in the spring.

Using Your Reticular Activating System (RAS)

Using Your Reticular Activating System (RAS)
By ActionCOACH Dave Beam

Your brain is amazing; and setting and focusing on goals is a powerful way to harness its massive energy and power.

There is a network of nerves in the brain that control the state of awareness and attention. This system functions as a filter or doorway to accept and reject the overwhelming stimuli that we all encounter when we are awake.

Help To Recession-Proof Your Small Business

Help To Recession-Proof Your Small Business

by ActionCOACH David Beam

The ‘doom-and-gloom’ crowd is out in force these days. Whether you believe their warnings or prefer to embrace optimism, a prudent business owner should take steps to recession-proof the company in these uncertain times. The key is to take positive steps to acquire and retain market share.

Small-to-medium sized businesses can survive a recession, if they act early while customers have still not committed to other vendors. Securing revenue during a recession is no different than any other time. The company simply needs to increase its marketing effort and scope to reach more customers.