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Using Small Business Coaching To Banish Three Business Frustrations
September 9th, 2010
When considering whether you are ready for small business coaching, check first to see if you are suffering from any of the following 3 business frustrations. An experienced coach can guide and support you in remedying these road blocks to small business success.
Not Enough Customers
Businesses need a constant stream of qualified prospects to fill the sales funnel with to survive. Have you got enough prospects coming into your sales pipeline now? Have you considered your approach to how you go about marketing your business?.Many businesses utilize a very limited tool box of strategies and tactics in bringing potential customers to their business. A small business coaching program can open your eyes to many different methods for pulling more clients and their dollars.
Lack of Focus and Lack of Direction
Non priority tasks are sometimes seen as quick wins leading you to concentrate on trivial projects at the expense of real progress.. Do you sometimes confuse busy work with productive work? Poor performance can often be traced to unclear priorities. Machines can multi task; humans weren’t designed for this function.
The only way to reach your goals and objectives is to have a structure to follow and a clear focus to aid your decision making. Making adhoc decisions on the fly is not really being entrpreneurial; it is robbing you of huge potential business success. A decision to commence a small business coaching program could be the answer.
Working Too Many Hours
Try this. Estimate and document the number of hours you are dedicating to running your business each week. Multiply this by say 50. Now jot down how much you draw in remuneration from the business per annum. Divide the dollar amount by the yearly hours and this will reveal your hourly rate. Sometimes owners will discover what they already feared; that they are earning less than some of their employees.
One of your reasons for starting a small business coaching regime may have been to be financial independent or at least to make enough to enjoy a great lifestyle. The main goal here is to improve your business to the point where:
- You are making more income than if you were working for someone else
- The business is making a profit (not just covering your drawings)
- You will eventually be working less hours
To download FREE reports and business tools immediately, go to my Melbourne Business Coaching website at http://www.profitkoach.com.au
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