Training > Business Coaching
Business coaching has helped owners of small and medium sized businesses across the world to dicover ways in which their businesses can be:
Any business that has survived its first five years can rank itself amongst the 20% of new businesses who reach that milestone. It will have done so by the unstinting efforts of the owners, the investment of a great deal of time, money and acceptance of risk. Hard work becomes a habit for many business owners, and they can find themselves continuing to work long hours, at the mercy of the daily pressures. Some may immerse themselves in creating their product, acting for the most part like a technician; others spend a good deal of time on the road, selling their product, behaving like a sales rep. In the meantime, the true role of Managing Director - planning, envisioning, looking to the future and the bigger picture, seeing the business as an asset not a job -gets ignored.
Business coaching enables owners to free themselves from that treadmill. The benefit of having an objective third party who will tell it like it is quickly becomes apparent.
Unlike consultancy, business coaching involves a medium-term commitment by both the business coach and the business owner to work together to maximise opportunities and resolve problems. The process usually starts with a concentrated effort to create a Strategic Plan - a vision for the business owner and his team to aim for over the coming 3 to 5 years. With regular weekly contact by telephone and monthly progress-check meetings, goals and targets are set that are aligned with the Strategic Plan. As the weekly and monthly goals are accomplished by the business owner and his team, guided and encouraged by the coach, the business moves on its way towards its vision - a set of conditions that would have seemed impossible before the coaching relationship began.