Edmonton Business Coach | Small Business Advice
If you’re looking for an Edmonton business coach, contact inspired method marketing and coaching to receive a free month of marketing and business coaching.
Contact our office at 780-937-2939 and one of our business coaches will schedule you in for a free one hour consultation and book you and for your four weekly strategy sessions.
The odds for small businesses to succeed are not very good. The average Canadian small business has a failure rate of 50% by year five. This is completely unacceptable and we want to help small businesses to succeed.
Many small businesses don’t have every thing all figured out when they just get started. It can take a number of years to get all of the right systems in place, and build the right team.
One of the tips we have for our small business clients is that not everyone is your ideal customer. A lot of excited entrepreneurs believe that everyone will be the perfect candidate for their product or service. This is not the case.
You have to determine who is the ideal and likely buyer for your products and services. You have to think about the demographics, income level, and a lot of other factors to determine who’s going be that perfect customer.
One of the other secrets that we share with our business owner clients is the myth of worklife balance. When you’re starting a small business you can expect to work 80 hours a week for 5 to 10 years. A lot of small businesses are under the impression that when they are the boss, they can work whenever they feel like it.
This is an assumption that is incorrect and based on some bad intelligence from online gurus. If you’ve read the four hour work week by Tim Ferris and year assuming that you can started business and only work four hours, you’re sadly mistaken.
Get in touch with an Edmonton business coach at inspired method marketing to learn more about this amazing 80 hour work week.
Many of your friends and family won’t understand what you’re doing, or why you’re doing it. The typical employee mindset is ingrained in our society which includes most of our family and friends.
There are some things that you’re going have to sacrifice in order to become successful in business. You have to decide for yourself what you’re willing to give up in order to attain the success that you desire.
When you’re starting any new business, it’s going to take 10 times longer than first anticipated. Call an Edmonton business coach at 780-937-2939 and schedule a free consultation, and you can get marketing and business coaching for only a dollar.
One of the other tips that we like to share with our business coach clients is to start building a culture right away. Building culture takes a lot of time to do, it just doesn’t happen overnight. Building a great culture is one of the sure ways to build a strong team.
Edmonton business coach | doing business the hard way
Working with an Edmonton business coach will be one of the best decisions that you’ve made for your new business. If you’re on the website right now click the start now button and fill out the contact form.
You can also schedule a free consultation with our Edmonton business coach by calling 780-937-2939 and will will help you determine your goals, and hold you accountable to reach those goals.
One of the teambuilding life facts that we have employed here at inspired method marketing and business coaching is the group interview. There are so many hours that are wasted by human resources departments in finding and recruiting new team members.
The goal of any business should be to build the right team, and the right culture. The only way to build the right team is to see a lot of people. You cannot compete with larger competitors because they have more staff and can see more people.
The only way you can see more people is to hold a group interview. If you want to learn how to start the group interview system for your business, call the Edmonton business coach at 780-937-2939 and schedule your one month of business coaching for only one dollar.
Another important thing to employee in your business is to look at your numbers regularly. If you are unsure as to how much your income is, and your expenses, then you will not have a firm grip on your cash flow.
You must also have systems in place to ensure that your money is safe from thieves. 75% of employees steal from the workplace. This is a fact and if you are not looking at your numbers regularly, then you might be open to someone helping themselves to your money.
The next most important life fact for any small business is to create repeatable systems in your business. When you’re thinking of great businesses that have revolutionized our world, they all have robust and tested systems that they rely on.
When you think of McDonald’s, Amazon, or any of these other large businesses that we would love to be like, they all would be incapable of growth and sustainability if they did not have proven systems.
The type of systems that you need to employ make it simple for anyone to get started working in your business. If you only hire people with higher education, and skill set, then you can’t get a firm handle on your expenses. A lot of your funds will go to paying high-value employees.
With new business, this is not sustainable for the long term.
Bill Gates once said that most people overestimate what they can do in a year, and underestimate what can be done in 10 years. This is true of most entrepreneurs. They set high expectations for their first year in business that are for the most part unattainable.
The one thing we can say is that entrepreneurship is difficult, but worth it.