Edmonton Business Coach | Don't Be Fooled
Learn the most valuable business lessons from your Edmonton business coach at inspired method marketing and coaching.
For only one dollar you will get four weeks of world-class business coaching and marketing assistance. Simply click on the contact button and fill up the form to schedule time with an Edmonton business coach.
You can also reach out at 780-937-2939 to get in touch with us to schedule a one hour consultation. This will see if you’re the right fit for inspired method, and if we’re the right fit for you.
Small businesses in Canada have a 50% failure rate. This is statistics from industry Canada. When you look at Forbes magazine, those odds look even worse. They say that up to 90% of small businesses fail within 10 years.
This statistic is not very promising for somebody who is looking to get into business for themselves.
If you want to succeed, you need to get in touch with the Edmonton business coach and see how we can help you to beat the odds it business. One of the first myths that we like to bust with our new business owners is that not everyone is your customer.
Too many business owners assume that everybody is going to fall in love with their business. The biggest problem they face when they first start out is nobody knows that their business even exist.
Because nobody has any idea that your business exist they, of course, cannot buy from you. You need to invest in some marketing in order to get some eyeballs on your business.
You also need to take some time and discover who is your perfect customer. What do they look like? Where do they live? How much money do they make?
These are all relevant questions that every small business owner needs to answer. Without knowing who your ideal likely buyers are, you have no idea what they really want.
One mistake that businesses often make is they will create a product, or open up a storefront with a particular idea in mind. The problem is they don’t actually know if somebody will buy it. The best way to go about developing a product or service, is finding where there is irritation in the marketplace.
If you can discover where people are annoyed with a current business, you can create a new solution for that ideal client that will steal them away from who they are currently using.
You just have to take the time to research any problems that you see in the market and take advantage of them. Most of the time people are trying to solve their own problems when developing businesses that are revolutionary.
You should always be trying to find a solution to a problem, not trying to force your ideas on somebody else.
The other mistake that we see is people often assume they’re going to have an amazing work life balance. This is not the case when you are wanting to grow successful company. There are people who start a business, only to work 20 to 40 hours a week. These people often fail.
Edmonton business coach | you can win if you work
If you are diligent Doer, the Edmonton business coach wants to work with you. There is no amount of coaching that somebody can receive that will miraculously change their business if they are not willing to put in the work.
You have to be willing to put in the effort that is required in order to have a winning business. There is no winning without sacrifice. This is a law of nature, and it cannot be circumvented. If you try to go past these natural laws, the success will be short-lived.
Your Edmonton business coach doesn’t make up the rules, it just recognizes that they are true. We will help you to grow your business and become successful, only if you are willing to put in the work and sacrifice for it.
Just like building a body, it takes a lot of pain and sacrifice. Your business is no different than building a healthy and strong body. There are certain things that make your body healthy and strong, just like there are certain things that will make your business strong and profitable.
If you would nor these laws of business, then you are doomed to fail. 50% of all Canadian businesses fail within five years. This is a statistic that is completely unnecessary.
The problem that we see is that new business owners assume that is going to be easy. What they don’t realize is that is going take 10 times as much effort to create a winning business than they first thought.
If you decide to get into business for yourself, then you must put your hand to the plow and start working on it. Many small business owners are great technicians but terrible business managers.
One of our favourite books at your Edmonton business coach headquarters is the e-myth revisited by Michael Gerber. In this book he discusses how most entrepreneurs are a technician who is had an entrepreneurial seizure.
They are great technicians but they have no idea how to make a business grow. Developing critical systems for your business is the only way you’re going to ever have a day off.
If you want significant time off from working, you have to be able to develop systems in your business. These systems have to be robust yet simple enough for low skilled workers to be able to do.
If you are the only person who is able to service your clients and customers, then you will never have a day off. If you ever do take a day off, or two weeks offer vacation, you will not have any money coming into your business.
You have to be prepared to duplicate yourself in order to create time and financial freedom. You may have to be okay with things being okay, and not perfect.