Edmonton Business Coach | Success Does Not Come Easy
Speak with an Edmonton business coach at inspired method marketing and coaching. We will show you all the tips tricks and tactics to help your business to grow.
Success is not an easy thing to do when you’re starting a new business. There are a lot of unknown factors that most business owners don’t account for when they are just getting started. This is not to say that all small business owners don’t have a clue when they’re starting their business. A lot of them are well aware of the fact that it’s going to take a lot longer than the first imagined it would take.
Our Edmonton business coach clients often need some help when they are working on their product or service. Sometimes it just takes a little bit of insight from another person to help develop that product into a winning system.
When you first start out, the business is very rudimentary and you are limited as to what you can do. It can be from lack of income, or initial startup capital. It’s not to say that you cannot build an amazing business from the start, but is just going to take a lot longer than you first imagined.
So what’s going to happen when you’re just getting rolling with your new venture, as you can have to invest a lot of time in the business working one to one with your clients. This way you’re able to understand what their biggest needs are and find a way to fulfil that need for them.
Working with an Edmonton business coach is one of the best ways to help you figure out who your ideal and likely customer is. With an ideal person in mind, with the specific problem, then it’s much easier to create a product or service that is specifically designed for a particular client.
When you have your ideal and likely buyer and the problem that you’re trying to solve for them in the forefront of your mind, it is then up to the business owner to create the perfect fit for them.
This can take months, or it can take a year or more. If you are a wise business owner, you will always be continually improving your product and service. Even companies have been around for over 100 years are always bringing new products to the market, or their working on improving their formulas so that you can serve a wider range of people and maintain their raving fans.
Obviously it’s not scalable for the business owner to always be working on the business so, with that in mind you have to be ready to develop systems templates and checklists that your future employees will be able to do what you do. Once you can replace one of the major roles in your business then you can look at developing the system for the next one.
As you are continuously improving and changing your service offering, and the different roles and tasks that are necessary to make your business run smoothly, you are creating for yourself a business that is both saleable and scalable.
Edmonton business coach | rinse and repeat
Creating a repeatable process is something that the Edmonton business coach can help you with. It’s almost like you are creating a jig for a manufacturing process. Once you have the ideal jig made you can make thousands and thousands of the same product identical in every way.
When you have systems like this in place for your business that work almost like magic, your business will begin to serve you, as opposed to being an all consuming nightmare.
Together with an Edmonton business coach, he can begin to create both financial freedom and time freedom with your business. This is not an overnight process, but once done you will be able to do some of the things that you’ve always wanted to.
Initially when you are starting your business you are responsible not only for dealing with the customer’s day-to-day but you also have to do all of the sales and marketing for your business.
This means that you are working on networking events, you may be developing a dream 100 list, or a detailed phone script that will help you to grow your business in the initial stages.
This is not something that can be done overnight, but it can be done when you apply consistent effort over a long period of time. Some of the other things that hinder a small business with are just getting started is cash flow.
Using an Edmonton business coach will help you understand some complexities surrounding cash flow. There are three main reasons why businesses fail. One reason is the inability to attract enough customers. Another reason is that they run out of cash. When small business owners oversell their product or service, they often run into difficulties with cash flow.
When the government and suppliers required their money and you are still waiting for your Accounts Receivable than you can run into an issue where you are out of money but you still have clients you have to serve. This is why you have to be smart when you’re planning your business growth.
It’s always a good idea to have some kind of financing in place for operations. If you can do this then you will be a lot better off than many small businesses who have to bootstrap when getting started.
Another misconception that some more established businesses have is thinking that they can hire an outside CEO to help grow their business faster. Jim Collins in his book good to great shows that the companies that outperform the stock market over extended period of time all had CEOs who were promoted from within the company.
Get in touch with inspired method marketing and business coaching for a one month trial. For 30 days you will get coaching and marketing help for your business for only one dollar. Visit our website inspiredmethod.com or give us a call at 780-937-2939.