Getting ROI By Developing Your Best People | The Business Coach - Episode 65

In this episode of The Business Coach Podcast, host David Finkel and coaching director Rich Wood dive into strategies for proactively investing in your team to achieve scalable business growth. They discuss the importance of identifying key employees (grow players) versus role players, effective training methods, and how to measure the return on these investments. Rich shares insights from his 30-year business career and 20 years of coaching experience, emphasizing the value of being a lifelong learner and the impact of time and dollar costs on growth. The episode concludes with practical advice on budgeting and planning for employee development to maximize productivity and profitability.

00:00 Introduction to Investing in Key People
00:53 Welcome and Episode Overview
01:21 Meet Rich Wood: Business Coaching Expert
01:45 Identifying and Developing Key Talent
02:22 Strategies for Investing in Your Team
06:27 Real-Life Case Studies and Examples
09:31 The Importance of Delegation and Perspective
22:15 Proactive vs. Reactive Training
32:41 Conclusion and Final Thoughts
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