Business Coaching

Business Coaching2018-02-22T11:03:20+00:00

Most business owners build a business in order to build a better life.  Unfortunately there are far more businesses that fail during the start-up phase than there are businesses that succeed. These businesses typically fail for the following reasons:

  1. They start for the wrong reason and there is inadequate passion to see the owner through the challenges of a new business
  2. Insufficient research goes into the business and this culminates in inadequate planning for the various aspects of managing the business
  3. The owners have the wrong skill set and a lack of knowledge required by the business
  4. The owners have inadequate access to networks

Sadly, even more businesses fail annually for the same reasons when they reach the growth phase.

Of the businesses that survive the growth phase, very few can operate independently of the owner and as a result, the owner cannot exit the business through a sale or by having the business operate independently as part of a wealth-generating portfolio.

While there are many reasons for business failure, there are just as many strategies to counter problems before they arise.

Whether you’re planning to sell your company sometime soon or in the future now is the time to ensure that your business isn’t all about you.

There are two key factors that are linked to the probability of getting an offer for your business when it comes time to sell:

  • You’re almost twice as likely to get an offer if your business can survive the ‘hit by a bus’ test.
    If you were out of action for three months and unable to work, would your business keep running smoothly? The more your staff and customers rely on you, the less valuable your company will be to a potential buyer.
  • Companies with a management team (as opposed to a sole manager) are getting offers at almost twice the rate.
    If you don’t have a management team you are at risk of key man dependency and this is unappealing to a potential buyer and compromises your ability to earn an ongoing income from your business without your intermittent involvement.
Business Coaching is meant for the person who is committed to creating a thriving, successful business.
  • You are committed to your entrepreneurial journey and to your success
  • You want to base your business on a solid foundation of personal values, vision and purpose
  • You are looking for accountability, support and a framework for achieving your goals
  • You feel it’s important to fully engage your energy and set boundaries
  • You know that creating a sustainable business depends on your internal resources as much as it depends on your financial, intellectual and social resources
  • You want to define success in your own terms
  • You have all of the ingredients and need to determine how much and in what order they are put together to make the best possible recipe for success
  • You are ready to raise the bar and bring more prosperity into your life
  • Do you have a clearly articulated vision for your business with a clear plan with which you will achieve that vision?
  • Does your business have clear growth targets for this year?
  • What is your business’ strategy for growth in this year?
  • Do you have clear goals in the business and targets for your team members so that you achieve your results and take your business closer to your vision for it?
  • Do you have processes and systems in place to ensure the continuity of your business when you experience staff changes?
  • How will you increase your revenues this year?
  • How will you reach new and bigger markets this year?
  • What investments must you make to take your business to the next level?
  • What investments must you make in yourself to achieve the growth you are looking for?