Blog

Overhead Expenses: What They Are, How to Track Them, and Top Strategies for Managing Them

As a small business owner, managing your organization’s finances is one of your key responsibilities, including meeting your business’ financial obligations. These obligations include the ongoing expenses related to your day-to-day operations. These costs are known as overhead expenses and represent the true cost of running your business. At Catalyst Group ECR, we often see business owners ...

Leaving Your Mark: Leadership Legacy Examples

The legacy you leave behind when you’re no longer part of leadership isn’t just about your accomplishments and accolades. It has to do with how you approach any and all issues that fall in front of you. In the modern business world, leadership legacy is all about moving towards sustainable success. It’s important that companies begin ...

 6 Traits of a Growth-Minded Leader

When Carol Dweck’s team studied the differences between companies and the predominant mindset of that business’s leadership, the results were nearly unanimous. A Harvard Business Review article summarizes them nicely:  “…Employees at companies with a fixed mindset often said that just a small handful of ‘star’ workers were highly valued. The employees who reported this were ...

Growth Mindset vs. Fixed Mindset: What Would You Do?

,
If being a leader was an easy job, everyone would do it. But it’s not.  Whether heading a team of 10 or 100, being a leader is incredibly challenging and comes with a boatload of responsibilities. How you handle them determines how much potential your organization has to grow– even in the face of market slumps, ...

30 Growth Mindset Quotes to Inspire You in 2024

,
“Growth mindset” is a term coined by American psychologist Carol Dweck in her book Mindset: The New Psychology of Success. In it, she compiles her decades of research and insights to explore how the way we think about the moldability of our talents and abilities can transform the way that we approach challenges and opportunities ...

Succession Planning Part 2: Developing Your Successor Into a Future Success Story

,
In Succession Planning Part 1: How to Choose Your Business Successor, we covered the importance of choosing a protege by balancing your business needs and your ideal candidate. Today, we’re talking about developing your successor by equipping you with tips to capitalize on the time between designating your successor and exiting your business. Get Into the ...

Merry Christmas and a Very Happy New Year!

It’s the most wonderful time of the year!  Despite all of the stress and chaos of planning dinners and wrapping gifts, I love this time of year because it reminds me to reflect on the progress I have made in a year and what I hope to achieve next.  When you’re in the moment, it’s sometimes impossible ...

Succession Planning Part 1: How to Choose Your Business Successor

,
Business owners often think of succession planning as a task for another day– sometime in the far-flung future when it’s time to retire and reap the fruits of your labor.  That’s not quite the case, though.  As we all know, life is unpredictable. Any number of things could suddenly force you out of your role as owner, ...

Gratitude in Leadership: A Thanksgiving Reminder

‘Tis the season for crunchy leaves, crisp air, and turkey with all the trimmings! We’re only a week away from Thanksgiving, so it’s a great time to reflect on actively practicing gratitude in leadership.   In this season of giving thanks, let’s explore how embracing gratitude can make us more effective leaders by cultivating a sense of ...

Quiz: Are You on the Path to Becoming a Successful Entrepreneur?

Section I: Leadership Skills Being a leader and being a successful entrepreneur go hand-in-hand. Without a strong sense of leadership, you’ll find it impossible to steer your venture and your employees toward your vision for the future. As you answer these questions, think about how you’ve been handling both your business and your team.  Question 1: How ...