Big Business vs Small Business

Which is easier to coach - a big business or a small business?

The answer is a big business. Hands down.

A big business is led by people that understand they did not achieve their company's size on their own. They had help along the way. They had mentors, experts, consultants, training, business education opportunities, and/or other business knowledge bases that they took advantage of. They are already familiar with the concept of coaching, because they have already used third-party methods to drive the growth they have already experienced. They welcome the opportunity to bring in a trained coach to put their business on a path toward key goals. The Business Coach is there to lead that process and ensure objectives are met, goals are obtained, and success is realized. A big business becomes an even bigger business, using tried and true tactics and a professional overseer.

A small to medium-sized business is often built on the hard work and risk-taking of one or two business owners. It's an enterprise that owes its existence to good ideas, solid product or process management, sufficient financial practices, and some level of effectiveness in marketing. Blood, sweat, tears, time, and money have all been drawn from the owners to make their enterprise a system to supply them with money to live. How does a Business Coach fit in that scheme?

The key element that illuminates the role of a Business Coach for a small or medium-sized business is the need for growth. It's the moment in time when a business owner wants to take steps toward becoming a large business - a solid industry leader. It's that moment when a business owner's dissatisfaction with the state of his enterprise overcomes resistance to change. That is the moment when a Business Coach becomes a key player in that business's success.

 

But will the dissatisfaction of that moment carry the small business owner through the learning curve ahead? Will that business owner be able to trust and keep up with the foreman they have placed in charge of their business growth to ensure the results they want are obtained? Is that business owner willing and able to shift their mindset to the next level, and take their business to the next level with it? Those are some of the questions a small to medium-sized business owner needs to ask themself.

If it's growth you want, ActionCOACH has the systems and tools to make it happen. Don't procrastinate making the most of what you have. Take action and call me today.

Start at the End

Always know the end of a business venture before you begin. Plan for it and don't lose sight of it. While it may seem paradoxical, the end will one day come and you need to know your exit strategy before you step through the door.

Are you planning to build a business that will give you a good living until retirement? Are you planning to build an international enterprise that will not only support your lifestyle, but effectively financially position your children's children? Are you intending to build the business to a certain point, sell it, and move on? How does your venture contribute to your vision of life in ten years, and when will the time come for you to part ways? What will be the key indicators that will signal that the end is near? Knowing how the story ends is key to determining how it will begin and how decisions will be made as the business grows.

If you're thinking about starting a new venture, or diversifying your corporation in new directions, or buying a new enterprise to complement the holdings you already have, take a long look at how you picture the end of the road. I recommend reading Start With Why by Simon Sinek, or Business Stripped Bare: Adventures of a Global Entrepreneur by Richard Branson. Make sure you know where you're going, why you're going there, and how you will know when you have arrived. And when the time comes, execute the exit strategy you have always planned.

Don't Accept Mediocrity

“I believe we’re born into greatness, but we’re conditioned into mediocrity.”

            --James Ray

Check out the pic on this page; does it make you think again about accepting something a little less than ideal? Especially of yourself?

If you knew you were born to be something great, why are you choosing to maintain a standard that won't allow you to realize that potential?

As a Business Coach, I inspire my clients to see a grander vision of what their life can be. We work together to ensure that their business is systemized to run without them; they are then free to accomplish all that they want to in life. Their business is no longer their focus; it is the means by which they are able to fulfill their goals and live their dreams.

At ActionCOACH Lethbridge, we believe excellence is the minimum standard. It's the starting point for pushing your business above the crowd and becoming leaders in your chosen industry or field. As we work with you to maximize your business potential, we also work to accomplish our own ActionCOACH vision: world abundance through business re-education. And we mean to achieve just that - not just a living for everyone, but abundance. The world over.

Join the wave of business owners across the world who are transitioning to the bigger picture and a broader vision. Take action by contacting Coach David Green now.