TAB’s Business Diagnostic

Is everyone in your business on the same page? Is your business on track with the industry at large? TAB’s Business Builder’s Blueprint™️ Business Diagnostic is an online MRI for your business, designed to address ten key areas of performance that affect practically every business.

Based on a study of thousands of companies in dozens of industries, and the similarities of the challenges they faced, TAB’s Business Diagnostic helps you assess your business, identify gaps and focus on your priorities to boost the performance of your company.

Follow TAB’s Business Diagnostic with TAB’s Business Builder’s Blueprint plan to achieve your business and personal vision. Take advantage of the only business assessment tool you’ll ever need.

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Business Builder’s Blueprint™

More money, more time for you or with family, more freedom – do you remember why you started your own business? Chances are you aspired to achieve your dreams – rather than simply accomplish tasks – and TAB’s Business Builder’s Blueprint™ tool is about doing exactly that.

A proven strategic business planning process focused on forming the business owner’s vision of leading a successful business while also living a rich fulfilling life, the Business Builder’s Blueprint™ will help you demystify the strategic planning process with a clear picture of how to achieve your strategic direction and vision.

Find more enjoyment in your business and experience more happiness in your personal life. There’s no better way to formulate a plan for success.

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Pulse Survey

Small Business Trends

TAB’s Business Pulse Surveys Identify Small Business Trends

The modern business environment changes quickly, and as a business owner you need to be able to stay on top of shifting small business trends. That is why we conduct our Business Pulse Survey every quarter to identify and report key small business trends.

This information is critical to you because it allows you to benchmark your business metrics against the emerging small business trends. The Business Pulse Surveys will also help you see new opportunities that may be emerging, allowing you to drive innovation, growth and overall business success.

Place your finger on the pulse of today’s emerging small business trends. Click on any of the icons below to see the complete reports of our recent surveys.

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Tips from the Top®

Tips from the Top®: Small Business Tips From Business Owners For Business Owners

Articles

Five Tips From March 2019 TAB-Winnipeg Board Meetings

Five Tips From March 2019 TAB-Winnipeg Board Meetings
 
1. How to track re-work to reduce labour/material costs to Improve your Profit, Quality of Product/Service AND Customer Satisfaction?

Add a timecode for rework into your time tracking system.This can be used to measure the quality of the work you perform and monitor if you are improving.
Remember to also track material costs of re-work - if applicable. This can form the means to quantify, measure and improve Quality Control for your company.
 
Re-work usually means you had to pay staff twice to do the work and you may have paid twice for the material as well.
Almost guaranteed that you lost money on that job - and that your customer may not be happy.      
TIP - Whenever you decide not to charge a client for something be sure to send a No Charge invoice anyway as a reminder of what you have done for them and they see how much you saved them.
 
2. Need HR Help? Many Small Medium Enterprise (SME) Business owners need help with developing and executing HR. Consider..................

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Leveraging LinkedIn

Leveraging LinkedIn groups to add value can pay off! Start by joining groups associated with your target market or industry. Focus on adding value by sharing information or articles that educate - don't sell.
Consider ........

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Common Cause

When we keep having problems, we need to look at the causes of our problems, mistakes, scraps or reworks. We need to look for what is called “Common Cause.”

If multiple challenges seem to stem from the same root cause,  we need to .....

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Employee Reviews

Don’t merely rely on your annual one-on-one performance reviews. Meet with each employee at least monthly to ........

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Quick Tips

Business Investment Priorities

If you’re planning to pay off debt and then invest in your business, consider if the order should be reversed. Can you make more money with the investment and is the debt appropriate to the size of your business?

By : Bryan Williams
http://www.blineconstruction.com/

Fire the Smart Way

If you need to let a team member go and they are working on critical projects for the business, find a way
to have them complete their projects or get them to a good stopping point before you let them go.
Also, don't give them any new work in the meantime.

By : Nigel Dove
http://www.vortexdepollution.com/

Disappearing Tools?

We control our inventory of tools by using a software package and bar-coding system.
The software is called "Asset Panda". You should try it. It is much cheaper than buying new/replacement tools or renting them when they "get lost".

By : Randy Hunter
http://huntermechanical.com/

Assorted TIPs from TAB-Winnipeg Boards

HR TIPS
Business owners need to be careful when replacing staff.  Make sure the new hire will actually show up before firing the old guy.Sometimes when your new hire gives their notice - their current employer may make a counter offer to entice them to remain. 

Don’t use a company wide meeting to address HR problems of one person. Talk directly with that individual.
 
QUOTABLE QUOTE TIPs 
"You don’t need to like the people you work with, but you do need to like the work they do"

"Just because you’re an owner doesn’t mean you should get to be an employee"

"Its fine to ask for input and suggestions from your staff but it’s important to level set expectations at the same time"

"Sometimes the best way to address an issue is to start by putting it down on paper"
 
MISC TIPS
Key staff/ principals would likely benefit from TAB Membership but it may not make sense to also have them on a TAB board. Talk to your TAB Coach about a monthly coaching arrangement for those people instead.
 
Sales Vs. Marketing. There is a big difference between Sales and Marketing. Might be best to separate the functions. Having a good marketing plan doesn’t mean you have a sales team that will know how to use it.
 
Life and Business Insurance Needs?  Carry as little Life Insurance as required.  If you are getting closer to retirement and don’t have dependents or debt - you may not need life insurance at all.
All companies DO however need Business liability insurance coverage at all times! Do not leave yourself or your business exposed. 
 
Buying vs Renting?  Buying is often a good option in this market, but while you are growing your business it is likely best to rent. Focus on building a stable business first, then invest in land and building(s).
 
Remind your CFO/Controller/Bookkeeper and any other managers that their reports are scrutinized each month by other business owners at our TAB meetings. This can keep them on their toes, 
 
Do your clients consider your company a Partner or a Supplier? Present price increases to your clients in the context of a partnership and that you require the increase to maintain or increase the level of service you provide. You should always use the word partner instead of supplier.Suppliers are easy to replace. Partners - not so much.
 
 
 

 

By : Kim Christie, TAB Winnipeg Inc
https://www.tab-winnipeg.com/

White Papers

Resources for Business Advice

TAB’s white paper library contains a variety of resources for business advice.

At TAB, our mission is to help all private business owners achieve their vision of success in both their businesses and in their personal lives. To help us achieve that mission, we produce a variety of quality resources for business advice for business owners around the world to access.

Are you looking for advice on your most pressing issues? From strategic planning and increasing profitability to leadership and work-life balance, our white papers are invaluable resources for business advice, aimed at helping you take your business to the next level. Our white papers are written and vetted by some of the most respected business experts in the field. Every business owner faces similar challenges, but now you have access to resources for business advice available for download at the click of a mouse.

Tap into TAB’s resources for business advice and start running your business more effectively so you can get what you truly want out of life.

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TAB Connect

TAB’s Business Owner Network

TAB Connect is the ultimate business owner network

It’s better to give than receive – and that’s exactly what the TAB Connect business owner network does. TAB members in Manitoba help each other solve their business challenges by tapping into our global business owner network.

Submit your business challenge or opportunity questions to TAB Connect and receive feedback from a network of thousands of business owners from around the world. Contribute your experience to other members of the community in a very active online “members only” collaboration group, or take advantage of a member hotline complete with multiple community resources and a TAB facilitator.

TAB Connect is the ultimate business owner network designed specifically to help you quickly resolve your business challenges. Connect with TAB and experience global business owner networking and TAB member collaboration at its finest.

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Business Coaching Sessions

TAB Business Coaching works hand-in-hand with Board Meetings

Knowing what you want out of life is only half the battle. The other half is a real opportunity to keep you focused, accountable and on track to achieve it.

TAB Business Coaching provides a trusted advisor you can count on to help you increase business performance, work through business opportunities and challenges, achieve greater success and truly live the personal and professional life you desire. TAB Business Coaching sessions will make you focused with more balance – and what feels like more time in your schedule to sit back and soak up the signs of success.

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TAB Board Meeting

Business Owner Advisory Boards

Inside a TAB Business Owner Advisory Board

TAB’s Business Owner Advisory Board Meetings put the power of collective wisdom, accountability, drive, creativity, and clarity of advice in your hands to align your business vision with your personal vision. Meet with fellow business owners in Manitoba to share expertise, solve challenges and help each other seize new opportunities. With your TAB Business Owner Advisory Board, you will create an actionable strategic plan and be held accountable to achieving your goals – all under the guidance of a qualified board facilitator. Are you ready for your own business owner advisory board, a sounding board of like-minded, driven and experienced professionals? Get ready to achieve your goals: join a TAB Business Owner Advisory Board.

Here’s what happens at a typical TAB Board Meeting:

  1. We greet each other like the comrades we are on both a personal and professional level.
  2. We learn something new about a particular business subject or trend.
  3. One by one we move around the table with each member sharing a particular issue or situation on which he or she wants to gain perspective. Each board member asks questions to clarify and then offers salient and practical advice on how they would handle the issue wearing your shoes.
  4. We list the goals we have for the next 30 days, quarter and year and hold each other to them, questioning why we have not met the goal and how the board can help.
  5. We set the agenda for the next board meeting.

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