Traction Inc.

Around 20 percent of all small businesses fail in their first year, and 50 percent fail by the end of their fifth. There are various reasons why people can't get their business off the ground — inadequate marketing, bad decision-making and a lack of interest from the public are just three of them. Imagine if you could identify the problems in your small business before they happened. Imagine if you could increase your chances of success. This is where a small business coach comes in. These professionals have the skills you need to take your venture to the next level. Don't be part of that 50 percent — here's why you should hire a business coach right now.

Hiring a business coach is often a great move that can help you break through boundaries and reach new goals. Forbes states that a good business coach can not only help you reach goals but can help you increase your self-awareness, improve existing strengths and build productive relationships. Unfortunately, there are some relationships that don't always work out. There are several signs that indicate it may be time to break up with your current business coach.

If you’re on the fence about hiring a business coach, you likely still have questions about their purpose. Do they just provide generic advice you can find online? Are they there to tell you how to run your business? The answer to these questions is “no,” but that still doesn’t tell you what to expect. If you’re one of the many entrepreneurs seeking a small business coach in Denver, here’s what you need to know about what they really do.

If you've set out to create a great business, you understand how difficult the road to success can be. Many people with entrepreneurial spirits, though, have recognized the fact that a business coach can increase their likelihood of building a thriving company. If you’re looking for a small business coach in Denver, your research has likely given you a lot to work with. Unfortunately, there are several business coach myths out there that could derail your success. In fact, you must avoid the following myths at all costs.

Experienced business owners know there's no need to go it alone. They have a support system of trusted peers, employees, family and friends – and the best ones also have a business mentor.

Hiring a business coach is an effective way of supporting you as you develop and grow your business. A good coach will help you deal with the challenges of your company and ensure you learn as you develop. But you may be wondering how much all this is going to cost you. You heard that coaches charge high fees, which could be an obstacle if you are starting out with only a small amount of finance. However, here's how a good business coach can pay for themselves and help you grow a successful venture.

If you're a business owner, chances are you like venturing out on your own and making your own decisions. But to make your business everything it can be, you'll need guidance from an outside source. A qualified business coach can bring a fresh perspective and a level of expertise that can make the difference between a mediocre and a highly successful business. There are several specific things a business coach can do to improve your business.

Owning your own business might seem like a dream come true when you’re working for someone else; but once you’re in the front lines of entrepreneurship, you’ll find out just how hard it is to fly solo — unless you have a net. Here are five of the biggest challenges of owning your own business — and how a business growth coach can help.

As an entrepreneur, hiring the right people to work with you will likely be some of the most important decisions you will ever make. Apple guru Steve Jobs understood the importance of onboarding the right team right from the start. He noted that "when you're in a startup, the first ten people (you hire) will determine whether the company succeeds or not." It is for this very reason that the EOS® (Entrepreneurial Operating System®) platform considers People as one of the top six pillars of any business model.

No matter how well your business is running there's always room for improvement. Whether it's more sales, greater customer satisfaction or increased employee performance, your business likely needs a boost. This is where business coaching and consulting can play a vital role. Before deciding how to utilize these services it's important to understand the differences between business coaching and consulting.