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Posts Tagged ‘business advice’
Why Any Business Needs a Business Coach
How can you tell if you and your business have a need for a Business Coach? If you are working too many hours, making too little money, dealing with too many issues related to your team and employees, or simply feeling that working in your business is little better than having a job, then you probably need a Business Coach. In today’s economy, that is the state of most business owners. It’s also why more than 80% of all businesses fail within five years, even when run by smart, bright and highly motivated individuals. The good news is the gap between what people think they know about business and business reality can be filled very effectively by a good Business Coach. Why? Because good Business Coaches are generalists, as opposed to business consultants, who tend to be specialists, or who tend to be highly skilled in a particular area or expert in a particular industry. Not that there is anything wrong with that … but for most small businesses (and that accounts for more than 98% of all businesses), owners are looking for exponential changes in their companies very quickly (typically in terms of six to eight weeks). While a business consultant is used to delivering incremental results (which, for a large corporation can mean millions to the bottom-line), a Business Coach’s results can deliver tens or hundreds of thousands of dollars in profits to a small business owner (which, for a small business and its owner can literally be business – and life – changing). In addition, as the world of business change becomes more rapid, most business owners have more questions about how to run their companies than they have answers. Business coaching is the perfect solution to this … because answers to issues are arrived at and strategies executed in real-time, with the Business Coach serving to guide the process instead of just writing up a report and leaving it for the owner to implement. In this way, a Business Coach shares many similarities with a sports coach. Both use strategies and tactics to guide others to victory. In business, this takes the form of a business plan; in sports, a game plan. A good Business Coach will also see each team member as unique, and will work with the owner to find more effective and efficient ways leverage existing resources to get better results. He or she will also motivate, inspire and challenge a business owner to succeed, becoming an “unreasonable friend” to achieve a goal or outcome. This idea of accountability is important for small businesses for a number of reasons, and it is one of the reasons business coaching is so successful. For many owners, running a company means “freedom,” and it can be liberating to work as an independent owner. But true freedom is only attained after the business has become a commercial and profitable enterprise that is able to operate without the owner being physically present in the business. In large companies, this level of accountability is provided by a board of directors. In a small business, the owner is on his or her own. Not only can a Business Coach provide a “sounding board” for new and current initiatives, he or she can hold the owner to knowing the numbers of the business, creating and delivering on 90-day plans, and testing and measuring marketing efforts – from increased leads to higher profit margins. So if you are a small-to-medium sized business owner (and by that I mean any business with revenues up to $50 million), and you are looking at outside help for business, consider business coaching as an alternative to business consulting. To learn more, visit http://www.businesscoaching.comEnglish Football
Continue Reading »Business Mentor vs. Business Coach – which is better
The truth is both business mentors and business coaches are great options if you’re looking for business help. They both serve different purposes, however, A business coach makes clients focus on the results of the job, and extends the time span of attention to months rather than days. They explore the problem with the learner and set up opportunities for the learner to try out new skills. A business mentor focuses on the individual learner developing through their career or life. A business mentor acts as a friend willing to play the part of an adversary in challenging the learner to widen their view. As the world of business moves faster and gets more competitive, it is difficult to keep up with both the changes in your industry and, the innovations in sales, marketing and management strategies as well. Having a business mentor helps with all these changes. On top of all this, it’s difficult to get a truly objective answer from yourself. A business mentor will provide valuable insight, help you develop long-term and short term goals and strategies, as well as improve your business in areas that you might have overlooked. A business mentor: *will make you focus on the game and your long-term strategies.*will make you run more laps while making each round easier and more efficient.*will tell it like it is.*will give you small pointers based on years of experience.*will listen.*will help you develop long-term plans that will allow your business to function more efficiently and make even more profit. What is a Business Coach? A Business Coach is just like a sporting coach. A sporting coach pushes an athlete to achieve optimum performance, provides support when they are exhausted and teaches the athlete to execute plays that their competition does not anticipate. That’s what a business coach does – through business advice and coaching, a business coach teaches small business owners how to be successful and anticipate what other business owners don’t. The role of the Business Coach is to coach business owners to improve their business through business advice, guidance, support and encouragement. Business advice helps owners of small and medium sized businesses with their sales, marketing, management, team building and so much more. Just like a sporting coach, your Business Coach will make you focus on the game, and prepare for the game with business advice, guidance and support. For more information on Brad Sugars please visit: http://www.actioncoach.com/bradsugars -or- For more information on Business Mentor http://www.actioncoach.com/business_advice_and_business_help_mentor/Smartphone Software
Continue Reading »Why Getting a Business Coach is a Good Investment
Recent studies have proven that business coaching is an up-and-coming industry – the second-fastest growing industry in the world. Business coaching is just like sports coaching ? like a sports coach coaching an athlete and trains them to get better, business coaching not only helps businesses establish organized plans for every challenge they come across, it helps set those plans in motion. Business coaching is very similar to sports coaching – a business coach helps businesses establish plans for challenges and to achieve goals they set, just like sports coaches do for their athletes. Companies that have business coaching tackle challenges with a plan and business strategy from the business owner?s view and an outside view: the business coach. This way, the business owner can achieve all he wants. Here are some general statistics about business coaching today: ?Annual spending on executive coaching in the United States is estimated at $1 billion.? ? Harvard Business Review, November 2004. ?Use of coaching is widespread in UK organisations, with almost nine in ten respondents reporting that they now use coaching in their organization (88%).? ? University of Bristol Newsletter, 2005. ?The Australian Institute of Management says 70% of its member companies hire coaches.? ? Inside Business Channel 2, July 2006. ?A recent study estimates that 40,000 people in the U.S. work as coaches (work or life) and the $2.4 billion market is growing at a fast-paced 18% per year.? ? MarketData Report, 2007. ?Coaching is the second-fastest growing profession in the world, rivaled only by information technology.? ? National Post, April 2007. What Do These Statistics Mean? The statistics and reports don?t lie ? business coaching is not only a fast-expanding industry, it?s expanding because it?s a successful industry. Just like sports athletes have to keep ahead of their competitors with a coach, business industries, especially in this recession, are getting extremely competitive. Think about if a sports athlete didn?t have a coach. He might keep doing the same things that have worked for him many times before, and he might be fine for a while. But eventually, since he?s doing the same things and not necessarily getting better at his sport or his skills, the competition will surpass him. It?s the same thing with business. With all the industry changes, innovations and management strategies, business owners can?t keep doing the same thing they?ve been doing. Eventually competitors will leave the company in their dust, so to speak. It?s even true with the big brands ? McDonald?s, Starbucks and Coca-Cola are constantly ahead of the game and dealing with challenges. Especially in the recession ? how many brands that used to be around (Fannie Mae, Bombay Co., Circuit City) aren’t anymore? When it comes to a company’s competitors, business coaching is a sound investment in your company’s future because it keeps you ahead of them. It?s still a relatively new business industry, but the statistics don?t lie: business coaching is fast-becoming a great investment because it keeps the company ahead of competitors.Business coaching is the second fastest growing industry for several of the following reasons: – Business coaching increases performance. Coaching develops the best qualities of people and teams, making the most of everyone?s qualities and significantly increasing productivity, making the most of everyone?s talents and skills for the company. – Business coaching enables owners to motivate their staff. Coaching helps people to work to their utmost potential, increase their self-esteem and thus raise the quality of their work and increase productivity at the same time. – Business coaching improves employees’ development. Staff development means not only educational seminars and trainings, but also unlocking the inner potential of the company?s employees. Whether the employees are going to develop themselves or not depends mainly on the company?s management style. Initially, all of us have a great potential which can be revealed through coaching. Coaching allows the employees to develop themselves directly in the workplace, thus increasing their efficiency. If you?re convinced, you?re one step closer to bettering your business. For more information on Business Coaching please visit http://www.businesscoaching.comMovie Plots
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