Business Coaching for Start Ups
Starting a business is exciting, but it can be difficult to know where to focus your time and money. When starting out you want to keep costs low so hiring a coach is probably the last thing on your mind, but hiring a business coach for your start-up could be the best thing for your business.
Can a Business Coach help my start-up?
Coaches provide a non-judgemental environment where they can help you grow your business and meet your targets.
A lot of businesses wait until they’re making a healthy profit to hire a coach, but business coaching can help businesses at any level, whether they have just started out or have been established for many years.
How can a Business Coach help start-ups?
You may have been planning to start your own business for a while or you have just started but you’re unsure how to get the ball rolling.
In 2019 it was reported that 90% of new businesses failed. Business coaching can help your business avoid being part of that statistic.
Money
Start-ups have a lot of initial costs, and it can be overwhelming to know how to manage your finances.
Running out of money can be down to poorly managed costs, not enough sales or a lack of finances that are needed to sustain the business while you are starting to generate profit.
A business coach can help you understand your finances and how to manage them.
Target Market
Start-ups can often misunderstand who their target market is. It is common for start-ups to think their target market is everyone, but this doesn’t work.
You need to understand who your target audience is. A lot of money can be wasted on marketing to the wrong people.
A business coach will be able to help specify a target audience and how to market toward that audience.
Marketing and Planning
To succeed in business, you obviously need to have a passion for what you do. But the foundations of success for any business are good marketing and planning.
If you don’t have a business plan and marketing strategy in place then how do you expect to succeed? How do you expect to meet your targets if you haven’t even defined them? How are you going to sell if you’re not marketing?
There are so many things to think about when starting your own business that it can be overwhelming, and some important factors go unacknowledged because you don’t have the expertise to deal with them.
A business coach has years of experience with planning and marketing. Planning is essential and a good business coach will help you plan what you need to do day to day but also month to month, year to year. Only 2% of business owners have a written plan.
Plans are put in place so that you something to work toward and something to hold you accountable. Your coach will work with you to figure out what your goals are and how to achieve them.
Contact Us
When hiring a coach, you’re making a statement that you believe in your business, and it will succeed so, it’s important that you find the right business coach for your start up.
If you’re ready to build your dream business then John McHale ActionCOACH can help. We offer a number of services, starting with a complimentary first meeting and free downloads, that will benefit your business no matter the size of it.
John is an award-winning coach who has helped his clients grow.
Get in touch with our team to find out how we can help your start-up.
