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

Lessons Learned from the Acquisition Process

After five years of receiving multiple inquiries, some concluding with "not interested" and "let’s talk later," an industry competitor approached me on the possible acquisition of his firm. The competitor stated an asking price that he felt was fair for his business. Like most valuations by business owners assessing their own company, the asking price was far more than the value of the business. I told him he must get a business valuation to learn the real value of his business in the current marketplace.

I also needed to determine the proper multiplier of EBITDA (earnings before interest, tax, depreciation and amortization) for this type of business to calculate a fair price. After the valuation and review of his financial statements for the previous three years, I presented the buyer with a non-binding offer (letter of intent).

Some lessons I learned through this process include…

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How to Have Tough Conversations

I have found the following three approaches to help minimize potential anger and defensiveness when I am about to have a difficult conversation…

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Quick Tips

Effectively Lead the Follower’s Needs

I have learned from Ken Blanchard that, when we lead people, we need to match our style to the needs of the follower.

If they need a great deal of support and not much direction, we are supportive. If they need a lot of direction and not just support, we are directive. If we delegate to these individuals or, worse, to the people who need both support and direction, we are not going to be effective.

Delegate to the people who are highly competent and have a high commitment. 

By : Rick Arthur, Rick Arthur CFO
http://www.cforickarthur.com

Second Chances

When looking to hire "second chance" employees (those who previously served time or were fired from other employers for cause), it is absolutely critical to have a built-in system of support. Otherwise failure is very, very likely. 

By : Randy Hunter, Hunter Mechanical
http://www.huntermechanical.com

Listen for the Competition

Your customers will help keep you competitive. All you have to do is listen to them. 

By : Kim Christie, TAB Winnipeg Board 401
http://www.tab-winnipeg.com

Cart Before the Mission

The problem with mission or vision statements is that, as soon as they are hammered out and written down on paper, some companies assume they have been executed or achieved. 

By : George Efthymiou, Royal Windows and Doors
http://www.royalwindow.com

Log In a Lot

Make sure you know your log-in credentials for every single piece of equipment that requires passwords (machines, servers, computers, tablets) and log in to them quarterly to make sure they still work. This practice will surface any hacking, fraud or ransomware situations so you can fix them. 

By : Steve Gilbertson, Electramatic, Inc
http://www.electramaticinc.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 Metro East and St. Louis Metro East 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 Metro East and St. Louis Metro East 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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