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Vancouver Business Coach | Walking The Steps To Success

Vancouver Business Coach | Walking The Steps To Success

Many people may not realize what a Vancouver business coach will do for them. This is a person who not only has been there before. And has grown several successful businesses themselves.
Vancouver Business Coach

They also helped other businesses grow successfully. And implement systems that are not only fact-based. But have proven to work, several times in the past. This is why it is vital, for businesses.

To hire someone, to help them succeed. Even though many entrepreneurs. Have very little time, and even less money. Of all of the things that they can be spending money on. A business coach, is one of the best.

Not only will they know. What obstacles an entrepreneur. Is more than likely to encounter. But they also know how to avoid those obstacles. Or, how to deal with them when they encounter them.

Obstacles such as running out of money, not being able to find. Or keep staff in their business. As well as not being able to find enough customers. Are the most common obstacles. That not only all’s face.

But, are the most common reasons. Why small businesses in Canada fail. This is a huge cause for concern. And entrepreneurs who are successful. Should learn about them. And learn how to overcome them.

These statistics were gathered by statistics Canada. Who read essays, written by thousands. Of failed Canadian entrepreneurs. What they discovered, was not only is the failure rate.

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For entrepreneurs in Canada extremely high. 15% of entrepreneurs failed. Within the first year of owning their business. While 30% failed by year two. When businesses reached five years of ownership.

Only half of the businesses that started up at the same time. Are still in existence. And that number, climbs to an alarming 96%. That failed after a decade. And again, the reasons why they failed.

Our not very complex reasons. And there is not a lot of them. The 96% failure rate. Failed, overwhelmingly because they could not find enough customers.

That actually caused 42% of all failed entrepreneurs. To close the doors to their business. Which is why Vancouver business coach helps entrepreneurs. Focus on finding customers early on in their business.

Another reason why entrepreneurs failed. Affecting 29% of these businesses. Is that they run out of money. This is why it is of paramount importance. For entrepreneurs to keep their bookkeeping straight.

Look at their financial statements regularly. And review their finances. Before making any financial decision. Both big and small. Doing these things can help entrepreneurs avoid running out of money.

And finally, the third reason. Why small businesses failed in Canada, affecting 23%. Is that they simply could not find, or keep staff. Vancouver business coach also has strategies to overcome these obstacles.

As well as other strategies to entrepreneurs. Grow their business even larger. Anyone wanting to work with inspired method marketing and coaching. Only need to contact them by phone or email. And set up their initial consultation.

Vancouver Business Coach | Walking The Steps To Success In Business

Many entrepreneurs have stars in their eyes, says Vancouver business coach. When they think about starting their own business. They know it is going to take hard work. But that hard work is very abstract in their mind.

Vancouver business coach can turn that abstract idea of hard work. Into a concrete plan. One of the first things that they recommend entrepreneurs do. Is start working twelve hours a day. Six days a week in their business.

The reason why, is because quite simply. There are too many tasks. That need to get done, to grow a business. And by understanding all of these tasks. An entrepreneur can start to realize.

Why an eight hour work schedule. Is just not going to be enough. Not only will they be doing large tasks. Such as refining their product or service. Delivering their product or service. Having client meetings.

And working on their sales and marketing. But they also must focus on. Smaller aspects of their business as well. Such as reviewing their financial statements. If they are not yet able to hire a bookkeeper.

There going to have to do a lot of the bookkeeping themselves. Which may come with a sharp learning curve for some. Especially those people, whose brains do not work with numbers well.

Then, Vancouver business coach says they are also going to have to. Learn how to read financial statements. And then get practised at it, so that they can. Review their financial statements.

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Before making any financial decisions. They also will need to get good. At reading their financial statements. So that they can understand. If their costs are too high. Or if there prices are too low.

Or if there is a mixture of the two. Another thing that they are going to have to work on. On a regular basis in their schedule. That entrepreneurs may not even think about. Are creating processes.

It is very important for an entrepreneur to have processes and systems in their business. To ensure that it is scalable. And for businesses starting out, it may be as simple. As writing instructions for every single task in the business.

That way, when they are ready. To hire an employee. Not only can they avoid. The extremely lengthy, and time-consuming training process. But entrepreneur can hand over. The list of processes. And the employee.

Can start learning themselves. As well, that employee. Can now train other staff members. As the business grows. Having these systems and processes in place. Before an entrepreneur grows.

Will ensure that they can actually grow. As quickly as they need to, depending on. The growth of the business. Entrepreneurs that do not have these in place. Often stall the growth of their company.

Because they have no way. Of onboarding new staff. Without stopping their own growth. By having to stop focusing on the business. To train new people. These are just some of the things that they will learn by working with inspired method marketing and coaching.