Small businesses can be tricky to manage. The owner can feel like they are juggling too many balls in the air. As such, it is not always obvious when the business could benefit from a little outside help.
You Keep Hitting the Same Revenue Ceiling
Year after year your turnover has barely moved for two or three years. Notwithstanding your endeavours, this may be the sign of a structural problem in your business. The small business coach will analyse your turnover in detail with you and will help you to define the right prices on the market, your capacity as well as where you spend your time.
Every Decision Falls to You
No growth, just lots of busy-ness, will often mean that you are doing lots of work, but not lots of good. This usually means you are spending your time on lots of unproductive activities, and your coaching will require you to do an account of your time over a week or so to establish the patterns of your poor use of time.
Staff Leave Faster Than Expected
They often leave due to leadership and lack of unclear direction, however research into workplace leadership and staff retention has revealed that poor leaders not only lose staff quickly, but are often paid more than necessary to keep them.
You’re Busy but Nothing Grows
While it is easy to get caught up in constant activity, that in itself does not equal progress. A coach will ask you to detail out your weeks and then identify where you are spending your time. Patterns emerge quickly.
You Have Growth Plans but No Real Roadmap
Ambition: Grow your small business, employ staff, establish a second place of business abroad and close bigger deals than ever before – but lack a clear concept or plan to get there? Business coaching for small businesses will provide you with a practical and step by step approach to getting there!
A useful reference for Gloucester Business Coaching is https://www.randall-payne.co.uk/services/business-advisory/business-coaching/gloucester/.
If any of these situations apply to you then a coaching conversation could be useful – why wait!
