Creating a More Profitable Business
Most Small Business owners / Managing Directors see having their own business as though they have made it, and all is golden now that they have their own company.
Typically they expect many luxury holidays, big pay packets, fast cars and of course the big house.
Unfortunately 80% of businesses do not make it to the 5th year of trading and fail rapidly in the first couple of years.
Often they find themselves left with debts and a tarnished reputation, even if they would have put their heart and soul into the business.
The other 20% survive, and a small percentage of these will even thrive.
So they are either very lucky or they actually do know something different about running a business.
The truth is that they do know something different, and they have a very different way of working.
You need to decide whether to go it alone or seek help.
If your business keeps going round in circles and you can't resolve your issues then you need to ask yourself some cold hard questions.
Most businesses do face challenges and seemingly impossible problems, here are a list of the most common, see if you can recognise any of them.
...
A business coach can offer sales growth advice and profit growth strategies as an alternative path to successfully running your business.
It all starts with an in depth understanding of where you want the business to go and what you want from the business.
Secondly, a plan of action has to be created.
This plan would map out a way forward for the business.
Reshaping it to an alternative way of working.
Your business coach will guide you through the plan, each week and each month you will see small areas of change, then out of the blue you will look back and notice how far the business has really come.
All the graphs start to read in the same positive direction and the healthy profits will return.
Surprisingly, the perks of owning your own business return.
Typically they expect many luxury holidays, big pay packets, fast cars and of course the big house.
Unfortunately 80% of businesses do not make it to the 5th year of trading and fail rapidly in the first couple of years.
Often they find themselves left with debts and a tarnished reputation, even if they would have put their heart and soul into the business.
The other 20% survive, and a small percentage of these will even thrive.
So they are either very lucky or they actually do know something different about running a business.
The truth is that they do know something different, and they have a very different way of working.
You need to decide whether to go it alone or seek help.
If your business keeps going round in circles and you can't resolve your issues then you need to ask yourself some cold hard questions.
Most businesses do face challenges and seemingly impossible problems, here are a list of the most common, see if you can recognise any of them.
- Your Profits are shrinking
- You work longer hours than your staff and take shorter holidays
- Everyday you are fire fighting for the business
- Your motivation has evaporated
- You need more leads, more enquiries and more customers
- Your business falls apart if you are not there
- Cashflow has dried up and you can't get paid quick enough
- Your sales team have lost their drive and you are frustrated
- It's difficult to recruit, motivate and keep good quality staff
- Your business has potential, but you just can't make it happen
...
A business coach can offer sales growth advice and profit growth strategies as an alternative path to successfully running your business.
It all starts with an in depth understanding of where you want the business to go and what you want from the business.
Secondly, a plan of action has to be created.
This plan would map out a way forward for the business.
Reshaping it to an alternative way of working.
Your business coach will guide you through the plan, each week and each month you will see small areas of change, then out of the blue you will look back and notice how far the business has really come.
All the graphs start to read in the same positive direction and the healthy profits will return.
Surprisingly, the perks of owning your own business return.
