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SMALL BUSINESS COACHING -
ENTREPRENEURS
Business Development Coaching
If you are an entrepreneur or small
business owner, you may be looking for someone to help you to maintain
focus so you can carry out the vision for your company. We coach
start-ups, small businesses, family-owned businesses and their sales
teams. We can work with you to develop everything from strategic plans
to marketing concepts. We will look at where you are and where you
want to go and help you get there. We work on such issues as:
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Do you have a plan for the next year?
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What is your niche?
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What works and what
does not?
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Do you work all the
time?
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What products or
services are you selling that no longer work for you?
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Are you wasting time?
The Top 8 Reasons Why
Entrepreneurs Hire A Coach!
Entrepreneurs and
small business owners hire coaches for many reasons, but there are
eight which typify the intentions most often expressed.
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To
increase the entrepreneur’s ability to leverage his/her time and
stay focused.
The role of the
entrepreneur and leadership methods used must be continually
upgraded to stay ahead of an increasingly fickle customer
base and less-loyal work force. The business coach works to
substantially increase the entrepreneur’s leverage and
effectiveness. The result: increased sales, satisfied customers and
employees.
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To
expand
upon, clarify, and clearly put into words the entrepreneur's vision
for the company.
A clear and simple
vision keeps customers and employees focused, reducing the
need for management and constant motivation. For example,
Microsoft's vision: "A computer on every desk and in every home, all
running on Microsoft software." The
business coach is an expert at "languaging" concepts, goals and
visions, and assists the entrepreneur to properly put into words the
vision for his/her company. The result: the vision is clear,
causing goals and objectives to be accomplished on time.
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To improve the
entrepreneur’s presentation.
Character,
communication skills, and listening ability are more vital today to
the entrepreneur as the customer base expects more
sophistication and subtlety. This, plus the increased use of virtual
communication methods, requires that the authentic personal side of
the entrepreneur comes through in order to maintain
sales-by-attraction vs. sales-by-price. The result: better
self-image.
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To foster
discussions of the entrepreneur's ideas that are still in the
incubation stage.
Often, the next
generation or evolution of a company is conceived during an open
discussion of ideas. Most entrepreneurs don't take enough time for
this type of creativity, nor do they have the right "listening
partner." The business coach provides the environment in which the
entrepreneur's inklings, ideas, and concerns are respected and
expanded. The result: Ideas and intentions are fleshed out before
goals and objectives are formulated.
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To get an objective
opinion from someone who has no vested interest in the outcome of
the situation.
Everyone the
entrepreneur works with, including the spouse, has a need to either
maintain the status quo or to make changes that benefit
themselves/their turf. This self-interest is normal, but may lead to
a lack of objectivity and encourages a "not invented here" culture.
The business coach is usually the only person in an entrepreneur's
Rolodex whose only priority is the entrepreneur's interests. The
result: unlimited support.
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To have a secure,
safe, and confidential outlet for venting, when necessary.
Pent up
frustrations, anger, and disappointments impair good judgment. Every
entrepreneur needs a special person to hear complaints, and with whom
they can talk things out. The result: a clearer direction.
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To point out what
the entrepreneur can't, won’t, or doesn't want to see.
Smart business
people understand that they have blind spots and most grant an
insider, outsider, or a team with the permission and mandate to
speak frankly and illuminate the entrepreneur's blind spots.
Most individuals aren't
empowered to speak their minds. The business coach has an ethical
obligation to point out what he/she sees. The result: cutting edge
products.
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To find a better way
to reduce stress, increase effectiveness, and have a life.
The time of the
passive/suffering entrepreneur spouse is coming to an end, as is the
work-is-all-that-matters obsession. Leadership today requires a
clear-thinking individual who is in touch with the many parts of life,
not just running a company. Entrepreneurs are expected to have a real
life. The business coach works with the entrepreneur to design a
balanced and sustainable personal and professional life. The result:
a more balanced approach to living.
Case Study:
Working Entrepreneurs
When Mike came into my
office several years ago he had just walked away from a good paying,
but stressful job. Despite his decision to leave the company, the
company was willing to pay unemployment. Mike had recently become a
father and was a valuable employee. When Mike came to me, his
unemployment was about to run out. He was panicked and unsure how to
support his family in the near future. Mike had tried several
different routes to finding a new career, but nothing seemed to fit
him. He had a plethora of ideas, but was unable to stay focused.
My initial work with
him centered on identifying his values and the things that mattered to him, like spending weekends with his family and making a
difference in life.
We were thorough in
our approach and looked at every area of his life. My constant
question to him: How do you want to feel when you get up in the
morning and how do you want to feel when you go to bed at night?
The second phase
included an inventory of his resources. What were his assets, his
liabilities? We looked at his finances, education, support system,
network, etc.
After a few weeks, Mike
decided to start his own business as a general contractor. It was a
perfect choice that was in line with his values – spending time with
his family, needs (low-stress job, being in a leadership position,
wants (providing for his family) and desires (building an organization
of his own).
Because our approach
was thorough, it was obvious what resources were available to him and
what needed to be acquired. For example, Mike was an excellent sales
person with many years of experience. It was easy for him to write
estimates, plus his customer service skills were fantastic. He had no
trouble finding customers willing to purchase services. All
he needed was training. With help from skilled
professionals, he was able to carry out a variety of contractor jobs he
bid on.
Mike started his
business six weeks after we started coaching. Within six months, it was
profitable and he was ready to expand.
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