Vancouver Business Coach | Business Owners Need These Skills
A common mistake for many entrepreneurs according to Vancouver business coach. Is entrepreneurs who are experts in their chosen field. Believe that running a business is going to be easy. Because they are very good at what they do in business.
While being an expert in their chosen field. Whether they are a doctor, a lawyer or a tradesperson. Is going to allow them to work well in that field. It does not mean that they are going to be a successful entrepreneurs.
The reason why, is because the skills needed. To run a successful business. Are not the same skills they need, to be an expert plumber, electrician. Doctor, dentist or lawyer just to name a few examples.
Therefore, they start their own business. With hopes of running a successful practice. Or, they need to increase their wealth. And end up, struggling. Often sooner than they expect.
There are many skills. That people need in order to run a successful business. And even people who have completed the business school. Do not necessarily have these same skills according to a business coach.
They typically graduate, knowing how to work within a corporation. Which means almost all business owners. Our lacking knowledge, and have a very sharp learning curve. When they start their business.
This is why working with Vancouver business coach is so important. They will be able to find out. What skills they need as an entrepreneur. So that they can be more likely to succeed in their business.
If being an expert in their field. Meant that entrepreneurs would succeed as an entrepreneur. Then the failure rate for businesses. Would not necessarily be so high. However, the failure rate for small businesses in Canada.
Is at a very alarming, 50%. For small businesses, within a five-year time period. The reasons why entrepreneurs fail, is because they cannot find enough customers. They run out of money.
And finally, they are unable to find or keep enough staff. Which forces them to close the doors to their business. Therefore, many business owners struggle. Because they are not overcoming these obstacles.
Since the first reason. Why business owners fail, is they cannot find enough customers. That is one of the first things that Vancouver business coach. Will work with for each entrepreneur.
They will learn what advertising and marketing initiatives. Actually yield the best results. And which ones are going to be able to fit their new entrepreneurial budget. Of very little money when they first start.
Then, as they are able to grow their business. Their business coach will help them figure out. What next advertising initiatives. They should move to, when they have a little bit more money to spend on this activity.
Any entrepreneur that would like help, learning what they can do. To avoid the failure rates in business. Should contact their business coach, inspired method marketing and coaching. Either by phone, or by email.
They will be able to set up an initial consultation. That will help entrepreneurs understand, what business coach will do. That will be able to help them succeed in business.
Vancouver Business Coach | Business Owners Need Certain Skills
Most people who start their first business, are experts in their particular field according to Vancouver business coach. And this is the best scenario. Because there is a steep learning curve.
That entrepreneurs need to learn. In order to run a successful business. And their chances of failing is incredibly high. If they decide to open a business. That they are also learning about.
This is why it is very common. For many industry experts. Such as tradespeople, like plumbers, and electricians. As well as professionals, like dentists, doctors and lawyers. To start their own business.
Unfortunately, they often end up struggling. Because they have assumed. It is going to be easy. To run the business, because they are an expert in their field. What they are not taking into consideration however.
Is that they will need a brand-new set of skills. Such as bookkeeping, reading financial statements. Setting up advertising and marketing initiatives. As well as finding, and training staff.
Therefore, they end up not being older find enough customers. Because even though they are the best in their field. At what they are selling in their business. Customers may not know they exist at all.
In fact, this is such a common scenario. That it is the number one reason. Why small businesses across Canada fail. They are unable to find enough customers. And are unable to remain viable, and are forced to close their doors.
This is why the first thing that Vancouver business coach will teach their entrepreneurs. Is to spend enough time on their sales and marketing efforts. Ideally, the minimum a business owner should be working on this.
Is the equivalent of one day per week. It can be broken up into several hours each day. But if entrepreneurs are trying to grow a business. By working an eight hour day, five days a week.
They will soon discover, that they do not have nearly enough time. In order to accomplish all of the tasks needed. To grow their business. As well as work on all of the billable tasks of the business as well.
Therefore, they will when they find out how much time should be spent towards marketing. They will be able to work with their Vancouver business coach. In order to create a schedule, that is much more functional.
In order to help business owners have the hours mapped out. That they must work in their business. To get everything done that they need. By learning this quickly, they will be able to overcome the failure obstacles.
In order to work with their business coach, all they need to do. Is reach out to inspired method marketing and coaching. Either by phone, or by email. In order to arrange an initial, and free consultation.