Traction Inc.

When your business grows, you are undoubtedly thrilled. After all, expanding and becoming increasingly profitable has always been your goal. That happy expansion can also come with some serious pains. Growth alone is not enough. Your business's health requires a in-depth management plan, one a business coach can help you devise. Don't let your success do you in.

The mere mention of growth can be a scary proposition for many business owners. Without growth, however, your business can become stagnant, maybe even boring, and crumble over time. It’s important to understand why you may be resisting business growth, why growth is so important and how a small business coach  can help you develop the right growth strategy.

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.

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.

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.

The new year is a great time to put your intentions to practice. If you have visions of starting a small business, you can take practical steps to make that dream a reality. By taking time to plan, research and carefully execute your business idea, you can develop something that's a financial success as well as a personal passion.

Whether you’re a few months into your new startup or the owner of a profitable company that’s served the community for years, you understand that running a business is anything but easy. One way of relieving some of the burdens you face is by finding a mentor. If you’ve already decided this is the right course, you’re likely asking what you should look for in a business mentor. For those still on the fence, however, here are some of the most important reasons to hire a business mentor.'

When your business is failing, it's understandable to face the feeling of defeat or having the urge to give up. However, a failing business isn't a reason to quit. While about 50 percent of businesses fail within five years, you don't have to be a part of that statistic. There's still time to turn your business around. If you want to know how to turn around a failing business, there are some key steps that you need to take:

Business coach and entrepreneur, Chris Hallberg, has spent more than 17 years helping others build a solid foundation for business success. Those in the small business entrepreneurial circles refer to Hallberg as the "Business Sergeant." He earned this title by creating a successful business philosophy that intertwines his elite military and law enforcement training into an effective and efficient business operating system.