Finding the Right Coach as a Part of Business Growth Planning

Many business owners will struggle for years trying to make their company profitable. However, until you have a clear picture of your financial goals and dreams and an effective plan to achieve them, there is a good chance your company will never reach its true potential.

Working with an experienced coach can be an effective tool for business growth planning. It is important to have an idea of what kind of coach would work best for your business, so that you can get the most from your mentor.

Past Experience

The first step in choosing a great business coach is to gain an understanding of their working experience. Someone who has years of experience in the business world or has owned their own successful business will have the knowledge to properly evaluate your business and determine areas for growth.

What Skills Do They Have?

Does your potential coach have an understanding of operations management and financial planning? Do they have the skills necessary to help you and your staff develop better business habits and methods? These are key elements of a good business coach. They should be able to identify strengths in you and your staff and use those to your advantage. They should also be able to identify weak areas and make recommendations for improvement.

What is The Plan?

How often will your coach meet with you?  Can your meetings happen over the phone? Will there be homework? Knowing the coaching plan upfront will tell you a great deal about the abilities of your mentor to be productive: the more active the communication, the better the result.

Remember, running a business successfully does not need to be complicated.  Keep it simple!

For more information on business analysis, business planning, and ways to grow your small business profitably, please check out our website www.portalcfo.com.

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