Watch your business grow! Find a suitable business coach to suit your business needs.
We all know it's almost impossible to do everything ourselves. Most people fear the idea of delegation. Delegation means losing control and when you run a tight ship, its even harder to let go and let others help. However how can we let the business grow if we try to juggle everything ourselves?
Most tradies are fantastic at their jobs , whether they are a carpenter, an electrician, a plumber, or a builder, they have been running their one man show since they were 16 years old.
However whilst they may be good at that, they are not very good managing their business in a financial aspect or knowing how to structure, grow and manage expenses or calculate profits.
This is when you need to outsource, one key to becoming a successful businessmen is knowing your weakness and knowing when is the right time to hire others to help them grow.
This is why people hire Business Coaches.
They help you
- Establish your reachable business goals
- Identify problems within your business that need fixing
- Restructure and reconfigure the business by implementing systems that save your time and money
- Create strategies to grow and Scale your business faster and easier
- Provide you continuous financial advice and structured business planning
- Sort out cashflow issues
- Increase profit margins
- Help you to achieve maximum results with minimal effort
- Increase efficiency
Once the business is reconfigured for growth you can take on a different role and have a more hands off approach and focus on other aspects of the business instead of doing the hard work.
Let your employees do the job and you can work on growing the business.
Now we have established that you need a business coach. Now here are some tips to finding the most suitable one for you.
1. Find one who knows and understands your business. For example, If you are in the building industry then find a business coach who understands this industry. Look at his client list and ask for examples of clients that have a similar situation in the same industry
Accountants have a wealth of knowledge about tax laws, and bookkeeping methods to keep your business in check.
They know exactly what systems to use in order to boost efficiency in terms of invoicing, and ways to minimize expenses, positioning the business in a way where it can save you thousands of dollars or more.
Knowing what to do and what not to do. Accountants see many mistakes everyday that businesses make and with this expert knowledge they are able to guide you on what not to do with your own business.
3. Friendly and Flexible
Gone are the days of old fashioned systems and black and white methods.
You want a business coach who is smart, young, adaptive and driven so they are excited and passionate about your business as much as you are. You want someone who is excited to see your business grow and will help to think of out of the box ways to help you grow your baby and turn it from a mess to a thriving profitable business.
This information is not to be relied upon without speaking to your accountant, tax agent or financial adviser depending on the advice.
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