Vancouver Business Coach | Effective Business Growth Strategies

Vancouver Business Coach | Effective Business Growth Strategies

When entrepreneurs start their first business, Vancouver business coach says they may never realize. How easy it is, to fail. Or how quickly it can happen until it happens to them.

Vancouver Business Coach

In fact, industry Canada did a survey. In order to find out how many Canadian small businesses were successful. Versus how many small businesses failed each and every year.

And they also asked the failed businesses. About what cause them to fail. And the results, are extremely shocking. Especially to new entrepreneurs that are just starting out.

Industry Canada discovered that 15% of small businesses in Canada failed within the first year of business ownership. And 30% of the small businesses failed by year two.

And most shocking, 50% of the small businesses that started up in this country. Ended up failing within five years. And while these numbers are very surprising. The reason why businesses are failing is even more so.

They discovered that there were three reasons. Why Canadian entrepreneurs were failing. And the number one reason, is because they were unable to find enough customers to sell or products and services to.

Therefore, this is one of the most important things that people will learn from their business coach. How to stand out from their competition. So that they can be more likely to get noticed.

And attract customers to their business. However, just being unique is not good enough. While it can help people get noticed in a crowded marketplace.

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Vancouver business coach also helps business owners understand. Who their ideal and likely buyers are. So that they can send a consistent message to those consumers on a regular basis.

It is not just enough to know who their ideal and likely buyers are. It is also important to know as much as possible about those customers. Such as what is most important to them.

That way, they can ensure that that it is part of the customer experience. And part of the products and services that they offer. So that when they do attract those ideal and likely buyers to their business.

They can deliver what is most important. Whether that is exceptional quality, and amazing experience. Or even things like purchasing from a business with a social conscience.

A great example of this, is the shoe brand toms. That build their business. On the premise of for every pair of shoes they sold. They would give another pair to a person in need.

And even people who were not necessarily fans of how the shoes looked. Bought them. Because the customers that they attracted. Wanted to be a part of something larger, and help the world.

When business owners are able to work with Vancouver business coach about their unique sales proposition, and their ideal and likely customers.

Not only will they have a consistent marketing message. But they will be able to grow their business with customers who value things more than just the lowest price. And will become loyal, repeat customers. Who will share the name of the business with their friends and family.

Vancouver Business Coach | Effective Business Growth Strategies

Many business owners think all they have to do to succeed is to open the doors to their business says Vancouver business coach. Unfortunately, there are statistics showing that this is not true.

Not only do 50% of Canadian businesses eventually fail. But the reason why they fail, is overwhelmingly because they cannot find enough customers. In order to buy their products and services.

Therefore, this should be one of the most important things. That entrepreneurs are focusing on. And one of the reasons why they should be hiring Vancouver business coach to help them.

Not only will they be able to figure out what their differentiation factors are. Such as competing on quality, experience. And giving customers what is most important them.

Instead of the differentiation factors that many business owners think is most important. Which is the cheapest price. Because even if they are able to attract a lot of customers with the lowest price in the market.

Chances are quite high that they will be very busy, and may not even be covering their expenses. And that is going to guarantee that they will go out of business sooner rather than later.

However, even if they are not losing money by offering things at the lowest price. They will find it is impossible to scale their business. And may not even be able to add an additional employee.

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Because they will not have enough money in their business to do that. Despite the fact that they are busy from the moment they open, to the moment they close.

In 1 Important Way that they can figure out what is most important to the customers they hope to attract. Is by working with Vancouver business coach to define the customers they are hoping to attract.

And while many business owners often say that their ideal customer is everybody. Just because everybody can purchase their product or service. Does not mean that everybody will purchase their product or service.

And by thinking of in a perfect world, who they would want to have as a customer. Can help them figure out who that ideal and likely buyer is. And help them understand what is most important to them.

They should think of their own consumer experiences. In order to figure out what is most important to customers. And very rarely, if ever is it going to be the lowest price.

For restaurant, it might be the most exceptional ambience or experience. Or could be that they need to have fast service. Or a restaurant that offers many different options, due to allergies or food aversions.

By knowing that there is an entire world of things that businesses can offer customers. That sets them apart from the competition. Will help them figure out a differentiating factor that makes sense for them. To help them find their ideal and likely buyers to help them grow their business.