Technology has made it easier for entrepreneurs to launch small businesses that they hope to grow and expand as time goes on. Unfortunately, not all small businesses reach their goals, and many are forced to close their doors. A skilled business coach will provide valuable advice that will keep your company thriving.
If you are looking to partner with a business coach for your Parkville, MO small business, do not hesitate to reach out to me, Sean Quigley at 816-810-9346 or squigley@focalpointcoaching.com. I am an experienced Focal Point business and executive coach. I will use my expertise to provide you with the tools you need to get ahead.
Why You Need a Business Coach for Your Small Business
It’s sad but true. Statistics show that 20% of new businesses fail during the first two years of being open. 45% fail in the first five years, 65% fail in the first 10 years and only 25% make it to the 15-year mark.
Businesses fail for a variety of reasons including poor management, business plan problems, financing issues, inconvenient locations, lack of effective marketing and more. Business coaches are aware of common pitfalls. They will help you avoid these issues ensuring your success.
Will Investigate the Market
Before you launch your business, you must investigate the market. You may have a passion for a certain industry, but the reality is that it may be saturated with agencies making it difficult to break in.
A business coach will give your realistic advice on whether you are entering a lucrative market. They may help you find an unmet need in the market so you can do what you love and make money.
Helps Create a Business Plan
Every business needs a smart business plan that outlines long and short-term goals and the necessary steps to take to achieve them. A business coach will help you come up with a financial plan and they will ensure you stick to it. They will tweak it to suit your needs as the business grows.
Assists with Financial Planning
Many businesses close due to poor financial planning. A business coach will advise you, so you make wise investments and maintain healthy cash flow.
Opens Your Mind
Innovation is a necessary component of business success. If you are not open to new ways of doing things, your business may fail. Business coaches will help you stay on top of trends, so you are aware of your possibilities. They will assist you in adjusting your strategy in a way that feels comfortable to you.
Poor Visibility
Businesses must remain visible online and offline. They must have strong marketing campaigns; an internet presence and they should be conveniently located. Your business coach will ensure you are doing all you can to stay in the public eye.
Business Coaching for Small Businesses Parkville, MO
Getting ahead in the world of business is not easy, but you can put the odds in the favor by contacting me, Sean Quigley at 816-810-9346 or squigley@focalpointcoaching.com. I will use my executive and business coaching skills to ensure your success. I will give you the tools you need to take your Parkville, MO business to the next level.
