According to the US Business Administration, about half of all new businesses fail in the first 5 years. Now there are many different reasons why businesses either fail or survive. When it comes to small businesses, however, it is most often because a talented, successful, smart, and inspired entrepreneur decided that they could do it better. And they were absolutely correct. So what stopped them from succeeding?
Unfortunately, exceptional talent or skill in providing a service, or producing a product, most often does not include the skills needed to manage and systematize the running of a profitable business. This is where small business coaching comes in.
If you feel like you are being run by your business, instead of the other way around, then this type of personal executive coaching is for you.
You got questions, we have answers
Is Small Business Coaching right for you?
Small Business Coaching is a specialized type of executive coaching. It is designed especially for entrepreneurs who need to learn how to run a profitable business. They need to do it now. They already have a business. They often have employees. And they know their brand, product, or service, has a real value in today's marketplace. Furthermore, they do not have the time, money, or interest in getting an MBA.
A Small Business Coach or Executive Business Coach is very similar to having an experienced business partner by your side, except that there is no need to share the stocks or profits. Small Business Coaches see the BIG picture. They recognize your strengths and your weaknesses. They help organize your business, systematize your process, and realize your goals. They push and encourage you to make critical decisions. They provide honest feedback, sound advice, and a valuable perspective.
What if I don't have the time?
The most common obstacle facing most small business owners is a lack of time. In fact, one of the very first things your small business coach will help you with is how to gain back control of your time. Did you know that most small business owners find themselves spending unnecessary time and effort on tasks that are better delegated to a team member?
Small Business Coaching will help you learn trial and test methods of managing your time, your team, and your money. Soon, the days of wasting time and resources on unnecessary things will be a thing of the past.
Your business coach will help you navigate as well. Cultivating the right team, just like running a business, is more about learning the skills than about having the inspiration.
How can I afford another expense?
Successful small business coaching, like successful marketing, should never be an expense. It is an investment. In fact, anything that allows you to improve your operations, multiply your customers, increase your profits, and synergize new opportunities should probably be seen for what it is. A valuable business investment.
Who will manage my staff if I'm not there?
Another important step facing most business owners is learning how to recruit and motivate a team of winning employees who will uphold the culture you want. Once established, giving trust and authority to your team will come naturally. If you honestly feel unable to leave your business for even an hour, it's quite possible that you have the wrong person in a management position.
Are You Ready to Succeed?
If you're ready to set your business on a course for success, then contact Executive Business Coach Firm, Doug Winnie, today.
Small business coaching is our specialty. A two-time recipient of the ActionCOACH of the Year award recognized internationally for his ability to transform struggling businesses into market leaders.
So what are you waiting for? Get started on increasing your profits today!
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