Being an entrepreneur is not easy. You may well have come from a background of working for another business and now find yourself on your own, managing your own brand. It’s exciting and scary all at the same time. It may take weeks to write a business plan and months to build a sales pipeline and to see the results of your marketing endeavours.
If you have already started your own business, just take a moment to reflect on where you are right now and ask yourself the following questions.
Knowing what you know today, what would you have done differently at the beginning and through the first six critical months?
What lessons have you learnt from being an entrepreneur so far?
Would you do it all again or is once enough?
If you are thinking about starting your own business, read on.
The first 12-18 months of a new company start-up is the most critical time, with the failure rate in the first year particularly high. According to the Office for National Statistics, 80% of UK companies fail within their first year. Our experience in working with start-up and newly fledged businesses is that poor planning was one of the stand out reasons for failure.
Most people start a new business based on their experience, in other words, leaving a business to start their own with the knowledge that they have gained. Unfortunately, it’s not that simple. You will become the MD, Sales Director, Marketing Director, Web Master and Finance Director, just to get going.
And that’s where a business coach comes in, right at the beginning.
Your first step is to create a Business Plan and then ensure that it is watertight. What is your strategy, sales forecasts, marketing plans, expenditure and networking focus? How will you actually achieve the sales figures you have included in your plan? If you work with a business coach you will gain the focus necessary to begin from the right place.
How can a Business Coach help to develop me?
Be open about what a business coach can offer you. For example, a good coach will have personal assessments that they can work with you on, all designed to help you build your own personal profile of key strengths and areas for development. The more you understand about yourself, the better your intuition when it comes to developing the business and team members.
If you are currently looking to start a new business or you are moving your existing business to another level, be sure to factor in a business coaching programme within your budget. This is as essential as getting your market focus correct and will help you lay the foundations for your business.
Some of the Benefits of Entrepreneur Coaching
Interpretation of your thoughts, behaviours and actions.
Develop a road map of sound ideas and strategies for growth.
Understand yourself, preferred ways of learning, thinking and doing.
Structured goal setting and accountable actions.
Coaching and Workshops
Account Management Skills | Sales Training Courses | Customer Services Courses | NLP Courses | Body Language Course | Stress Management Course | Mental Toughness Training | Conflict Resolution Training | Effective Coaching Workshops | Managing Remote Working | Managers Leadership Training | Communication Skill Training | Productive Management of Meetings | Time Management