Last week we shared with you 10 Top Tips to Revolutionize Your Business in 2015. This week we are going to get more specific about tip number one: Set the bar to be the best. Here are two proven practices to help you, your team, and your business be the best.
- Invest at least 3% a year in personal development. You must invest in personal development (building skills, time management, productivity, success thinking, motivation, energy, focus, leadership, communication, etc.) for yourself and your team if you expect to raise the performance bar each year and achieve the kind of success you desire. How much should you invest? Many experts recommend investing a minimum of 3% of an individual’s gross annual salary each year. They recommend you invest even more if you are growing a business or have some big goals. 3% equates to investing $1,500 a year for someone whose gross annual salary is $50,000 a year. This is $4.10 a day. A lot of people spend at least that if not more every single day on coffee, lunch out, or cable TV services. It’s all a matter of priorities. If it’s important to you, you can make it happen.
- Work with a professionally trained and certified coach. A coach can help you achieve your goals faster by helping you: get clear on what you want, map out the most effective actions to get there, find solutions to problems that get in your way, identify your strengths and build on them, and develop a success mindset. A coach provides accountability, encouragement, support, and dedication to helping you achieve your goals.
The International Coach Federation (ICF) says coaching “delivers results by increasing effectiveness and empowering employees”. ICF research data shows some of the things coaching helps improve are performance, time management, business management, team effectiveness, self-confidence, relationships, communication skills, and work/life balance. ICF data also shows many individuals and companies see a return on their coaching investment of at least 10 to 49 times their investment. 19% see a return on investment of more than 50 times their investment.
Take action: Now you know two best practices that boost personal and business performance. Don’t stop with knowledge. Take what you’ve learned and put it into action. Take some time to determine, write down, and commit to how you will implement these two best practices.
Carla Walter and Cynthia Spradlin are Professionally Trained and Certified Coaches, Co-Founders of Core Performance Breakthrough LLC and Co-Creators of The Performance Breakthrough Blueprint Program. Together, they work with Business Owners and Leaders Who Want to Increase Energy and Engagement for Themselves and Their Organizations.
This content was originally posted on Core Performance LLC Blog November 19, 2014.