Research shows companies that seek external expert advice achieve a stepped change in their growth and performance. Yet many SMEs can still be reluctant to take the leap.
Paul Clarke, Financial Director and General Manager of TC Matthews Carpets, the largest independent carpeting and flooring retailer in Ireland shares his experience on how engaging an external Business Coach has helped galvanise their team, increase sales, and achieve real growth. Listen to Paul’s story below:
We hope you enjoyed listening to Paul’s experience. If you feel that your business could benefit from a fresh perspective, and you would like more information on how you could achieve similar results to TC Matthews, we would be delighted to speak with you.
Please take a moment to fill in your details below and we will be in touch:
Last week when listening to a feature on the cost of childcare in Ireland on Today FM’s Last Word with Matt Cooper, I was struck by the rather alarming findings from Early Childcare Ireland on the cost of doing business in the sector.
Their report states that the average childcare service in Ireland, whether private or community run, urban or rural, is operating on a break-even basis.
For those that do make a small profit, it’s usually too little to re-invest or provide good career opportunities for staff, making recruitment and retention of good team members a huge challenge.
Consider the additional external factors coming down the tracks such as an increase in minimum wage, increases in refuse costs, rents, rates and insurance, the task of building a sustainable, profitable childcare business may seem unachievable!
Making a Profit In Childcare
Fortunately, that doesn’t have to be the case. Just like any other type of business, you can build a very successful and profitable childcare business by implementing some small but significant changes to your business model, and introducing systems to measure the numbers.
Hear Nessa from Little Learners Success Story…
Case in point is one of our clients Nessa McNamara who established the award winning Little Learners Montessori & Pre-School in Drumcondra in September 2011.
Back then Little Learners was a preschool running for 3 hours a day, catering for children aged 3 – 5 years, with a maximum of 33 children.
Nessa’s business concept was an instant success. Parents loved her unique combination of a creative curriculum delivered through the Montessori method. The business strived to be a friend and support the family first. The business end of things came second as a result it struggled to keep it’s door open at the end of its first year.
Nessa sought help and funding from her local bank, and her AIB bank manager suggested she consider a Business Training and Coaching programme run by ActionCOACH. This course informed and opened Nessa’s eyes on how to structure a business without losing its essential charm.
Today Little Learners is starting into its seventh year, employs over 30 team members, has 3 locations and caters for over 380 families. Nessa has turned what she originally described as a ‘hobby’ business that was just covering the costs into a highly profitable enterprise that has won multiple awards, has a firm plan for the future and most importantly of all has not lost its heart.
Please take a moment to listen to Nessa’s success story in her own word’s in this short 1 minute video:
If you would like more information on how you could achieve similar results to Nessa, we would love to speak with you, so please take a moment to fill in your details below and we will be in touch:
Would you like to be the best in your industry? Can you take your business from Good to GREAT?
The book Good To Great by Jim Collins is an essential read for any entrepreneur and business owner. It outlines the organisational changes required to move from performing at industry average level to becoming industry leader.
This short video that we have come across by Callibrain provides a great visual summary of the key take-way’s from the book. We recommend you check it out in order to help you make some key changes to take your business from good to great:
If you would like some help putting your plan together to transform from good to great, we invite you to join us at our upcoming Quarterly Business Planning Workshop taking place Thursday 14th April in Dublin. Please click here for more information or to sign up today.
Have you ever asked yourself: Why am I doing this? What’s it all for? If you are a Business Owner there is no doubt that at some stage of your career as an entrepreneur, those questions have crossed your mind. But what exactly is the purpose of business?
If asked this question, any random group would say: “To make money of course”. In this short video, Brad Sugars, Founder and Chairperson of ActionCOACH Business Coaching explains the subtle difference in the purpose of business versus the purpose of having your own business;
The Purpose Of Business – is to Profitably Create Raving Fans.
The Purpose Of Having Your Own Business – is to Create Excess Income For Investment.
Peter Drucker famously wrote in The Practice of Management that the purpose of a business is to create and keep a customer. However, as Brad explains says in this video:
“the raving fan is important in business. But the raving fan without profit is of no benefit.”
To learn more, watch this short video clip:
If you would like to generate more profit in your business, why not join us at our upcoming Quarterly Business Planning Workshop taking place Thursday 14th April. Click here for more information or to register your place, or give us a call on 01 891 6220.