Excerpt from: Global BANK Academy Newsletter July 6th, 2014

This begins a weekly feature on coaching from our esteemed Vice President, Phil Lechter. Phil has a tremendous background in coaching, beginning with the Rich Dad organization over 14 years ago and stretching into creating his own business coaching firm.

Accountability! For many business owners, the thought of being held accountable for producing results doesn’t sit well and hinders them from ever moving forward. Why? They mistakenly believe they should be free to act and do as they please, even if their business is not producing to its capability. The reality is that the FREEDOM of business ownership happens on the back-end, after the hard work is put in on the front end. There’s also a harsher reality to anyone who thinks they shouldn’t be held accountable by someone else, the market place is always there, and it is the harshest judge of all.

So, who is holding YOU accountable? A business partner, a colleague, your spouse? You need to find someone you can trust to hold you to the plan and action steps that YOU have created, someone you can trust to put on the right pressure to help you stick to your plan. (More on planning and actions steps next week.) Just having someone that you have to be accountable to will dramatically increase your ability to stick to your plan and execute.

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