Small business coaching can transform you, your business, and even your life.
According to the US Small 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.
Is Small Business Coaching Right For You?
Small business coaching is a specialized type of executive coaching. It is designed especially for those talented, successful, smart and inspired 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. They certainly have satisfied customers. 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.
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 definitely for you.
What is a Small Business Coach?
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 profit. 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 tried 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.
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 company 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, its quite possible that you have the wrong person in a crucial management position, even if they’ve been with you for a decade or more. Your small business coach will help you navigate these waters, too. 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.
Results won’t come overnight, but if you are determined, willing to work hard, and able to make tough decisions, they will come. You will soon see positive changes in your business. In your self. And in your life.
Are You Ready to Succeed?
If you’re ready to set your business on a course for success, then contact executive business coach, Doug Winnie, today. Small business coaching is his specialty. He is 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! Register for a Complimentary Coaching Session. Let’s talk about your business.