Edmonton Business Coach | Mythbuster in Business
At Inspired method we get a lot of people asking us for business advice because we are an Edmonton business coach. We are always truthful and never sugarcoat the reality of how hard it is to own and run a business. There are three reasons for business failure and they are number 1 Not Enough Cash, number 2 not enough customers, and number three not the right team. As an Edmonton business coach we cannot stress enough how important these three things are to guarantee success in your business.
Many people think that everyone could start a business someday. This is simply not true. If you’re not the type of person to get to the office in the morning or the last one to leave at the end of the day then you’re going to find working for yourself even harder. You’re likely better off working for someone else that helps you keep on track.
Another myth that people believe in business is that a lot of people are knowledgeable about running business. If this were true The failure rate of businesses would not be so high. More than half of businesses fail within the first five years of being open. As an Edmonton business coach it is important for us to tell our clients what they need to hear, not what they want to hear. We do not want them to be another statistic.
Another interesting thing that people believe is that you can ignore different things in your business because you don’t like doing them. This is a sure way to fail in your business. This is where a Good Edmonton business coach will help you to get out of your comfort zone. You need to do things that are necessary and not just the things they love to do.
One of the hardest things to combat in people’s thinking is that having completed a business degree qualifies you to run a successful business. Business colleges are mainly there to produce employees who will work in a business rather than make employers of a business. Less than 5% of university graduates actually start a business. It is ironic to follow the advice of the business college professors that will train you to work in business but have never owned a successful business themselves.
When you start a business he might think that you are so special that you will be able to do things better than what the statistics show. However this is also false because most people who are interested in starting a business don’t even know the first things about what it takes to be successful. They think they have a uniqueness and in reality they are no different than those around them.
If you are ready to get started with your own business the first thing you should do is surround yourself with mentors, professional coaches and other successful entrepreneurs. Start learning from them and find out what truly takes to be the type of person who creates a successful business.
Edmonton Business Coach |Business Myths Busted
As an Edmonton business coach we encounter a lot of people who want to know what it takes to run a successful business. We also come across many myths about how to become successful as an entrepreneur. One of the main things is that most people think it is a good idea to start a business someday. This is not the case because if you are not the type of person to come into the office first thing in the morning and leave last at the end of the night you’re likely going to have a hard time putting in the hours that it takes to run a successful business.
A lot of people believe that they are knowledgeable about what it takes to run a successful business but at Inspired Method we are quick to share our expertise as an Edmonton business coach. It is important to know all of the ins and outs of running a business and not just be a specialist in whatever field you work in.
It is not a simple transition to go from being a specialist in your industry to creating a business around that specialty. A danger of this is that you will rely on your own skills to run your business rather than finding the right team. As we mentioned before, finding the right team is one of the keys to success in a business.
One of the biggest things we see especially nowadays is that people believe you can work less when you own a business than when you are an employee. This is actually the opposite of what is true. You are not going to be able to just work a four-hour work week on the beach and expect to have a successful business. You will just be another statistic.
The three keys to beating the odds and staying in business for longer than five years are: having enough cash, having enough customers, and having the right team. Additionally, you should know that working a five day work week is not going to be enough time, especially in the very beginning of your business.
If you want to grow your business faster and have a greater chance of success one of the most important things is to hire an Edmonton business coach. It is imperative to surround yourself with other successful entrepreneurs, mentors and professional coaches. This is where you will learn the most about the character that you need to be successful. A business coach will push you further and then you will push yourself.
If you are ready to hire a coach to help take you further in your business please fill out our contact form on our website at inspiredmethod.com. We will help you cut through the misinformation that is out there, so that you have a chance to run a successful business and also stay in business for many years to come.