According to the U.S. Small Business Administration (SBA), small businesses make up 99.7 percent of U.S. employer firms and account for 67 percent of new private-sector jobs. That translates into a lot of people transitioning from an “employee” position to “employer” status.
If you’re one of those sporting a scar from an entrepreneurial bug bite, you know how hard it can be to get a small business going. As soon as you get one thing running smoothly, another takes a nosedive.
No one ever said running a small business was easy, and you probably learned the truth of this statement relatively quick. A business startup can be costly — in capital, time, sleepless nights, missed family events, a lot of sweat and more than a few tears.
Again, according to the SBA, only about half of new businesses survive for five years or more. Only about one-third survive for 10 years or more. Those are not exactly inspirational statistics.
Enter the Small Business Coach
More businesses are turning to small business coaches to help them get organized and running smoothly. Many need help with business plans, implementation and marketing strategies, employee management, and a host of everyday business functions.
Small business coaches bring experience and training to the table, providing you with the tools to be successful. Benefits of hiring a business coach, according to successful founders from Young Entrepreneur Council, include the following:
- A small business coach can coax you to venture beyond your comfort zone.
- A business coach has training and experience, and you get the benefit of that through personal attention. Your coach will be the sounding board for your entrepreneurial spark.
- A coach is not a “yes man.” Your coach will tell you when you’re wrong or need to consider moving in a different direction.
- Your coach will help you turn your ideas into reality for your business. Your coach can evaluate your plans with “fresh eyes” and assess objectively whether they’re viable.
- You’ll interact with successful people. That means more opportunities for networking. Successful networking can translate into a successful business.
A Well-Oiled Machine
You want a business that runs like a well-oiled machine. For that, you need some serious organizational skills. That means you need a small business coach with a system that helps you get all your collective acts together.
You need an EOS small business coach.
The Entrepreneurial Operating System (EOS)® is a comprehensive business system model. When implemented, this business process can get all aspects of your business organized and aligned toward one goal: growing a thriving business.
An EOS coach’s training lets him use every tool in the EOS Toolbox™. With this set of management tools, your EOS coach can help you address and strengthen all aspects of your business.
Right Employee in the Right Position
One of the toughest aspects of building any business is hiring the right employees. Hiring mistakes happen all the time, even in companies with massive human resource departments. That isn’t much consolation to the business owner who gets stung by a bad hire, however.
No business will ever achieve a perfect score in hiring employees. Interviewing and hiring employees is not an exact science, but with the EOS process, you make choices grounded in a data-based methodology.
EOS coaches can show you how to look for the right employee for the right position. You’ll learn how to conduct interviews, analyze what you’re looking for in an employee, and then make the best personnel selections for your company.
From accountability to hiring the right people for the right job, your EOS coach will show you how to put together your own leadership team to manage all aspects of your business efficiently and effectively.
Data Makes the World Go Around
We live in a technology-centered world. With the extensive use of technology comes a lot of generated data. Businesses can use data to enhance marketing strategies and business management, including employee accountability.
The type of data collection strategies that work best for your business and seamlessly fit your marketing campaigns depends on the type of technology you’re using. You’ll also need your technology optimized to collect the specific data you need for your marketing strategies.
Again, enter your EOS coach.
It has become increasingly important for businesses to analyze the data they collect and act on it. Companies must be able to react quickly to demands from customers and the shifting winds of global markets.
EOS coaches put data to use in the most advantageous manner for your business. They interpret the information they glean from raw data, organize it in a way that is understandable, and provide you with a solid, objective report on the status of every aspect of your business.
With an EOS business coach, you make decisions based on factual information, backed up by objective data. You don’t have to worry about feelings interfering, personalities clashing, egos exploding or opposing opinions going to war in the break room.
Your business EOS coach will help you get your business organized in a way that promotes the best in your employees and encourages your company to grow and thrive.
When All Is Said and Done
With an EOS business coach on your side, you’ll learn problem-solving skills and organizational methods to run your business efficiently and effectively. Your EOS coach will be there through the good times and the bad. Should difficult times arise, you’ll know your EOS coach has your back.
What are you waiting for? Jump-start your business through the proven EOS method. Contact Chris Hallberg, Certified EOS Implementer, today.
The Entrepreneurial Operating System (EOS) was created by Gino Wickman (Author of Traction-get a grip on your business) and is a registered trademark of EOS Worldwide. Chris Hallberg of Traction Inc. is a Certified EOS Implementer(tm) that helps business owners and their leadership teams get more of what they want from their business.