Vancouver Business Coach | Skills Entrepreneurs Should Have
There is an incredibly sharp learning curve says Vancouver business coach. That most people will need to learn. In order to have a successful business. As well as grow that business.
Even people who have completed the business school. Will not have all of the skills required. To start a business from scratch. As an entrepreneur. Their schooling will have. Them. For working inside a corporation instead.
Therefore, many people. Who are experts in their own particular field. Such as doctors, dentists and lawyers. Or even tradespeople, like construction workers, plumbers and electricians.
Want to start their own business. Because they know they will be able to earn more money that way. However, they do not know the skills they need. In order to grow a successful business.
Making the assumption, that since they are experts in their particular field. They will be able to grow a successful business. Unfortunately, Vancouver business coach says the two types of skills are different.
And no matter how good a dentist is at cleaning, and filling teeth. Or placing dental implants. Or how good an electrician is at pulling wire. And installing electrical fixtures. Those skills are not transferable.
To the skills required to run a business. Such as creating marketing and sales initiatives. Bookkeeping, and reading financial statements. As well as hiring and training great staff members.
Therefore, they tend to struggle more often. Then they are prepared for. Which is why so many businesses in Canada struggle, and fail. In fact, according to industry Canada.
Who did a survey, to find out. What the failure rate in Canada was. That 50% of small businesses that started up in this country. Ended up failing, within five years of opening the doors to their business.
What is even more startling. Is the fact that the reasons behind this 50% failure rate. Were essentially three different reasons. That were completely avoidable, if entrepreneurs had the right information.
The first reason why entrepreneurs failed. Is because they could not find enough customers. This is often caused by many different reasons. First of all, many experts in their field.
Believe that it is going to be so easy. To find customers, because they are extremely good at what they do. Without realizing that it does not matter how good they are at what they do.
If customers do not know they exist, they will not come to buy products and services from them. As well, many business owners believe. That they will find customers, because of their location.
Without realizing that they need to target their ideal and likely customers. And that they need to make contact with the customers. At least seven times, before they will make their first purchase.
Which is why a marketing and advertising strategy. Is one of the first things. That entrepreneurs will need to have in their business. This is something that they can work with their Vancouver business coach on.
So that they can find enough customers. To remain viable in business. And avoid closing their doors. Sooner than they expect.
Vancouver Business Coach | Entrepreneurs Should Have These Skills
Growing a successful business takes many different skills says Vancouver business coach. Many experts who start their own business. Do not realize, that the skills required to start and grow business.
Our not the same skills that they developed, in their field of expertise. Therefore, they start a business. In order to gain time freedom. Or financial freedom, and end up struggling instead.
The first thing that they need to learn. Is that the skills they have in their trade. Our different than the skills they need to grow business. And to learn those skills, they should be working with a trusted professional.
Such as Vancouver business coach. They will help entrepreneurs learn what they need to do. In order to avoid the most common obstacles. That new entrepreneurs face. Such as not being able to find customers.
Running out of money in their business. As well as not being able to find or keep staff. But learn these skills. While running their business successfully. By working on initiatives that are cost-effective.
And the things that entrepreneurs can actually do in their business. Because they know that entrepreneurs. Typically have very little money. And therefore, must use their own time as leverage.
As well, entrepreneurs are likely going to learn. From their Vancouver business coach. That they are not going to be able to work. Eight hours a day, five days a week. In order to grow their business.
Typically, they will have to work on providing their product or service. And that may take them a hours a day, five days a week. Therefore, they need to work over and above that. In order to work on the initiatives.
That will help them grow their business. Such as sales and marketing strategies. Entering their financial information. So that they can read their financial statements. And understand the financial position of their business.
As well as work on strategies. Such as checklists and templates, that will allow them. To train new staff easily. And scale up their business. When the time is right. Because when they are ready to scale up their business.
Entrepreneurs are not going to have the time. To devote to creating those systems. Because they will be even busier than they were before. These are all of the things that their business coach will help them with.
That they do not end up falling victim. To a common obstacles that entrepreneurs face. Despite the fact that they are very avoidable. With the right knowledge. When entrepreneurs are ready to get help.
Two develop the skills that they need, to grow their business. As well as help them be accountable. To all of the tasks that they need to do. In order to grow their business. They can start working with their business coach. Simply by calling or emailing. And arranging an initial consultation for free.