25September 2009
Sometimes small business owners need to think outside the box. It’s very difficult to be objective about your own business because you’re too close to the forest to see the trees. Self examination is often diverted due to the day to day activities in the business. A business coach can help you get a clear and objective picture.
Even when owners can rise above the day to day activities, they don’t often have the time or specialized skills to fully analyze their business. They don’t often have specialized people on board either because there is no ongoing need for these skills. A business coach can not only bring those skills to a small business, but they don’t remain on your payroll.
Every business problem has a solution, but you must first understand the problem and the root cause. In other words, cash flow is a problem, but what is the root cause? Is it poor collection procedures, poor pricing of your product or service, poor productivity causing cost overruns? There can be any number of issues that are causing your cash flow problem.
A business coach can:
- Identify and strengthen operational problems.
- Improve accountability at every level.
- Design and implement performance measurements.
- Reinforce organizational control and results.
- Reduce day to day responsibility and stress for the owner.
Every small business would benefit from an objective and independent business assessment. What you learn could mean the difference between profit and loss. It can also help small business owners have a life and business too. You can get a FREE Business Assessment on this blog.