22October 2009
A large percentage of small businesses find it hard to recover their initial investment. In fact, several studies show that a small fraction of start-up businesses barely make it the first two to four years. Lack of vision and business planning are some of the most apparent causes. Not to mention their utter disregard for marketing, financial planning and market segmentation.
These are said to be the reasons why small businesses need to hire a business coach. While this option proves financial in nature, promising results are expected in place of such additional cost.
Reasons why you need the services of a business coach:
- First, you need someone to give you intelligent advice. Hiring a professional means working with him during a specific period of time. In turn, you have to relate to him your various concerns and problems. He will listen and try to put both temporary and permanent solutions to any perceived problem. The real advantage comes when he will also ask you for opinions and concepts that he feels are worth-keeping.
- When hiring a business coach, small businesses and their owners should never disown their part when it comes to obligations. Holding oneself accountable for unsuccessful tasks is an important move. While others expect total immunity from supposed responsibilities, small businesses must remember that it is still the owner who will decide and make critical decisions.
- The presence of brilliant ideas is not enough, particularly if you are a starting entrepreneur. There has got to be some execution. You need to know how to translate your ideas into meaningful concepts that could help you in developing your business goals. And this is where a business coach is a valuable asset.
Find out where you are now with your business by requesting a FREE Business Assessment here now.