What to Look for When Hiring a Consultant
Business consultants can help your company solve problems you can’t tackle on your own, or offer a brand new perspective by bringing their unique expertise to the table. Whether you need help starting a new business, are looking to expand into a new market, or need a...
How to Write an Effective Mission Statement for Your Business
Effective mission statements embraced by successful companies across the globe range from incredibly dull to wildly inspiring — but they all have something in common. Effective mission statements tell the world, which includes everyone from potential customers to...
These are The 4 Types of leadership
When it comes to styles of leadership, there are four main categories. These four categories are Autocratic, Democratic, Laissez-Faire, and Paternalistic. Autocratic leaders will centralize decision making and power. He assigns duties and tasks and gives orders...
Why You Should Share Your Business’s Vision
Every business owner has a vision for their business. Whether that’s just to make a living for themselves, or to create a big and lasting impact on the world in some way, clarifying your vision is important to the success of your business. Once you have a clear idea...
How to Grow Your Business: Cutting Costs vs. Increasing Revenue
The basic idea of having a profitable business is to have more revenue than cost. That’s the equation for profit after all: revenue – cost = profit. The difficult part of that equation is trying to increase your revenue and cut costs to maximize your profit. But...
What is a KPI?
You don’t have to go to business school to hear the term KPI thrown around like it’s the acronym of the century. But what is a KPI, and why is it so seemingly important? A KPI is defined as a Key Performance Indicator is a measurement of business performance. Defining...
Great People Make Great Businesses: Hiring and Recognizing Talent
One aspect of the EOS Model is "People." By surrounding yourself with great people from the top position of your company to the lower ranks and entry level positions, you can achieve success and fulfill your business’s vision. The key to getting great people is to...
How to Create an Efficient Company
Companies that operate at low efficiency are never going to grow as quickly as a business that has perfected high efficiency. Working twice as hard is never as good as working twice as smart. While personal efficiency is an easier concept to tackle and improve,...
The Myth of Work-Life Balance for Entrepreneurs
Work-life balance is a term that gets thrown around a lot, especially during this time of pandemic when most offices are shut down and working from home is becoming a more common trend. “How can I separate my home life from my work life if they are all happening in...
Vision vs. Mission: What is the Difference?
At M1 Core Traction, we use EOS®, the Entrepreneurial Operating System®, to help your business bring its vision to life. But what is your company’s vision? When writing your business plan, you probably had to outline a vision statement and a mission statement. But...
