What are your business goals?
Business Coach, Jim Malski featured on Channel 12 News - click on the image below to watch the video
What are your business goals? Jim Malski – Channel 12 On The Money discusses what questions small business owners should be asking themselves.
Would you like to Learn How You Can Increase Profits and Leads in Your Business? If so, here is how you can take the next step:
Attend our ActionCOACH Networking Night on Aug 4th to register CLICK HERE
To get started today click the link above. We look forward to helping you grow your business and making the kind of money you always thought possible.
Are you looking for a break through for your business?
Why wait to seek professional business advice?
I recently commissioned a survey of 500 people on LinkedIn: Business owners running companies from 10-50 employees in the Greater New York metro area.
The results were fascinating. Overall, 86% of respondents would consider recommending a business coach to a friend for one of four reasons:
- You see their business is struggling (14%)
- You worked with a coach and got results (26%)
- You support professional development (31%)
- They’ve confided in you that they need help (15%)
- Only 14% would not recommend a business coach for any reason.
- Although men responded at a higher level to the survey than women (57% vs. 43%), women were more likely to recommend a business coach (93% vs. 84%).
- That said, one of the more interesting aspects of the survey is that while 30% of adults 18-34 would never recommend a business coach only 15% of adults 35-55+ feel the same way.
Ironically, adults 18-34 are the most likely to start a business: They have either just graduated from high school or college, or who have recently spent the last five to ten years working for a company (i.e. for someone else).
So, assuming they’ve run a financial analysis in advance and know their breakeven point, they would freely spend money on a lawyer to register their business, an accountant and bookkeeper to set up the financials and of course spend thousands of dollars building a website and developing brochures and other advertising materials. Yet fully 1/3 of this age group would never even consider the idea of bringing in a business coach to help them develop proper fundamentals and ensure that the business got off to the right start.
This is particularly startling when you look at the statistics on business failures. Because according to Dun & Bradstreet,
“Businesses with fewer than 20 employees – i.e. privately-owned entrepreneurial enterprises – have only a 37% chance of surviving after four years of business and only a 9% chance of surviving in business for 10 years.”[1]
So the group that is actually the most resistant to hiring a business coach is also the most likely to fail in business!
Most of my clients have been in business for at least 20 years and fit the definition of successful business people – they’ve certainly beaten the D&B statistics… But at the same time, I start working with them because they realize they are blocked. They’re reaching retirement age, they can’t seem to break through to the next level of financial growth or they have no strategy for creating a succession plan or developing the business for sale. I can’t help but wonder what might have happened if these people started working with me 10 years earlier, or even more.
If I helped them learn how to make just $50,000/year more in net profits, that would be an additional $500,000 for their retirement. They would be implementing a transition strategy so that they could either generate passive income or sell the business for its maximum value.
If you think you need to establish your business before you would ever seek out a business coach, I encourage you to really think about the wisdom of waiting 10-20 before coming to work ActionCOACH of CT.
Why get off on the wrong foot and make all sorts of unnecessary mistakes when you can start your business the right way and realize the kind of profits you want, to achieve the lifestyle you want, when you want it.
Business Seminars
Sign Up for our one of our FREE Business Seminars.
Simply click the link below to get started.
Use Promotional Code "ActionBlog" for FREE registration.
-
