The MHC Blog

Powerful Business Insights for Succesful Leaders
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Making the Most of Your Time: 5 Productivity Tips Top Coaches Live By

It’s not enough to dream of success. It’s not even enough to set goals.

The only way to truly achieve your dreams and build the business you’re meant to build is to sit down and just do it.

And that’s where many of us…well, fail is a strong word. But it’s the doing that trips us up more times than not.

We overbook our calendars until today’s to-dos become next week’s past dues. We procrastinate on the things that are important while attending to things that are merely “nice to do.” And sometimes we simply take on too much—even when we know better.

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VAT Registered?

VAT implementation does seem to have been shrouded in mystery and confusion, there are still many unanswered questions, but clarity is forming and the one thing that is for sure, VAT in the UAE goes live on 1st January 2018.  All the unanswered questions will slowly be demystified as the months go by.

Time is ticking by, the deadline for VAT registration in the UAE is 4th December 2017 – so have you registered?

Hopefully you are not one of the many that have not registered in the hope that the implementation would be delayed.  If you are, time to get your head out of the sand and get registered by the deadline or face a fine.

For those of you who have yet to register, let me help with a simple overview of the VAT registration requirements for those that have yet to go through the process.

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Getting new business contacts

Finding new business is a constant focus for Company owners.  Depending on your deliverables and/or services, you cannot rely on repeat business alone to keep sales coming in.  Competition is tough and continuously snapping at our heels, so to keep the sales pipeline filled up is a goal for everyone in the Company to focus on, not just the Sales Team.

One of the things the Middle East is great at is networking – everyone seems to know someone in this region and so this allows you to focus your networking skills to get new connections working for you.  To do this, it’s very important that you have a clear and concise message that is easily understood and explained.

 

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Why do we need a BHAG?

In his book “Good to Great”, Jim Collins’ research found that all great companies had developed and pursued a goal through time that was so challenging they might not know how they would accomplish it when they first set out, it was likely to be thought as impossible by anyone outside the Company, but was internally regarded as completely possible.  Jim Collins called this goal a “Big Hairy Audacious Goal” or BHAG for short.

To have an exciting and achievable plan - either personal or business - you need to identify a BHAG. Something so inspirational that you (if this is a personal plan) or your Employees (for a Company plan) can get fired up over.  Something that gets the juices flowing, something challenging and yet fulfilling and totally possible if you put everything behind it.

 

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2017 – the last push!

Wow, where did 2017 go!  Has it whizzed past you at speed as it has us? 

Here we are at the beginning of November, and there are only 8 business weeks of the year left.  If you assume the “Festive Season” celebrations will put a stop to business for approximately 2 weeks, then in reality we have only 6 weeks left to achieve our business plan targets and cross the finish line.

So how are you doing?  

If at this point you are reaching into your bottom drawer and blowing off the dust that settled over the business plan you sweated blood and many hours over at the end of 2016 to write, then it’s likely that you have deviated away from your plan and have spent much of this year chasing targets and work that haven’t in any way moved you forward to your achieving the overall target.

If this is you, don’t despair, there are still a few weeks left to crack the essentials of the plan and see some positive steps forward.

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