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.
1. A Business Coach Will Help You Keep up with the Latest Market Trends
Things move fast in business. If you can't keep up with shifting consumer demands and industry changes, you will increase your chances of failure. A small business coach will monitor the latest trends in your industry and provide you with valuable insights and in-depth business intelligence. You can use this information to make more timely decisions and facilitate day-to-day tasks in your workplace.
Still not convinced? Research shows that hiring a business coach provides you with a 570 percent return on your investment.
2. A Business Coach Will Provide You with Expert Guidance
Sometimes everyone needs a helping hand. Think of a business coach as a mentor who develops your small venture into a viable money-making enterprise. Whether it's sales or marketing supply chain management, these professionals will guide you on your journey to success.
"A business coach will challenge your thinking, goals and willingness to grow," says executive coach and author Jeff Boss, writing for Entrepreneur magazine. "As somebody who has 'been there, done that,' a coach also acts as a role model because of the experience that he or she shares."
3. A Business Coach Will Help You Set Goals
Goal-setting is one of the most important things you can do in business. A business coach will help you set objectives based on your company's values and make sure you stick to your intentions.
Some people think that business coaches are an unnecessary expense. This couldn't be further from the truth. In fact, hiring one of these professionals in Denver will pay for itself in the long run as you push your limits and realize your goals.
Why You Need to Choose an EOS® Implementer
Not all business coaches are the same, mind. An Entrepreneurial Operating System® Implementer is a business coach that will transform your company from the inside out. These professionals follow the concepts of the Entrepreneurial Operating System® (EOS®) — a set of tried and tested tools that will help you gain traction in your industry and provide your company with a common vision.
EOS® Implementations work from six core principles: vision, data, traction, people, issues and process. These values will help your business solve problems, generate revenue, increase visibility and outrank your competitors.
A small business coach in Denver will keep you up-to-date with the latest market trends, provide you with expert advice and set goals. To maximize return on investment, though, hire an EOS® implementer who will revolutionize your business and generate brand new opportunities.
Are you ready to get started? Contact Traction Inc. today and get a free consultation!