Symptoms of an Underperforming Business
As a seasoned business coach who has led multiple entrepreneurial turnarounds and coached executives across various industries, I often see similar patterns in struggling businesses. It usually starts with subtle symptoms like declining sales, rising costs, unhappy employees or customers, and a lack of alignment on priorities.
Often, the root causes tie back to operational deficiencies in a few key areas:
Inefficient Systems & Unclear Metrics
Many businesses lack streamlined systems to move work through the organization smoothly. Workflow optimization needs a good starting point. Without clear metrics and benchmarks, identifying problems is impossible.
Reactive Mindsets Over Proactive Planning
Leadership teams trapped in reactionary crisis mode rarely carve out time for strategic planning. Problems pop up unexpectedly, and we can’t plan for growth.
Communication Breakdowns & Misalignment
When information flows poorly across silos and management seems out of touch with lower levels, misalignment breeds. A culture of blame emerges rather than one of accountability.
As both a business coach and entrepreneur myself, I know firsthand how these operational gaps can quickly spiral into profit loss, talent turnover, and business failure if left unaddressed.
Practical Steps for Turnarounds
The good news is most struggling businesses can implement targeted changes to turn things around quickly. Though the exact approach depends on the unique situation, often the process involves:
Conducting Assessments
It starts with thorough evaluations of the business from multiple angles—leadership, financials, operations, market landscape, etc., to expose root cause issues.
Creating an Action Plan
Next, we build a focused action plan with emphasis on the vital few priorities that will catalyze a turnaround once addressed. These typically map back to the core problem areas noted above.
Building New Habits Through Coaching & Training
With the roadmap set, execution begins. Stronger leadership, developed through coaching, and improved technical skills, gained through training, are both needed to get the job done.
Tracking Metrics Disciplined Measurement
A turnaround takes relentless discipline, which is why we institute robust tracking of key performance indicators with routine assessments against targets. Progress depends on transparency and mid-course corrections as needed.
Communicating for Alignment
With so many moving parts, constant communication ensures continued buy-in, focus, and coordination across the business throughout the turnaround process.
The good news for those based here in Chandler, AZ, and other nearby cities is that business turnarounds absolutely can happen rapidly with an experienced coach guiding the journey.
Having led major commercial expansions and start-up launches earlier in my career before transitioning into executive coaching, I’ve helped business leaders across industries get unstuck. My own entrepreneurial background allows me to relate to many of the struggles firsthand.
If your business is dealing with any of the common pitfalls noted above, let’s talk. As an award-winning coach with nearly 15,000 hours of experience, I can provide the external look and transformational training a successful turnaround requires. Get in touch today to take the first step.
