Your Business Improvement Partners
Making the decision to hire a business coach is not only a major one for any business, it also represents a significant investment. While making the initial decision to hire a coach may have been easy, what is not so simple is ensuring the right steps are taking during the hiring process.
There are some common mistakes that business owners and managers make when hiring a coach that can significantly reduce the benefits of coaching. Specifically, these are:
1. Lack of clearly defined business outcomes
2. No selection criteria (or criteria that are poorly defined)
3. Rushing the hiring process.
An outline of each of these mistakes along with how to avoid them is outlined below.read more
Turnaround Management is about business restructure and renewal. Often, a turnaround management strategy is employed when the business is under financial stress. However, it is not necessary to wait until the situation becomes too dire to commence a turnaround strategy. In fact it is preferable to commence the process before it could be too late.
To help understand how turnaround management works, below is an outline of the 5 step process involved. Having a good understanding of this process will make it easier to identify if and when, it should be applied.read more
Making the decision to hire a business coach is not always an easy one. It requires a high level of trust and transparency that can be uncomfortable for many in business. While this is understandable, regardless of your level of business experience, the benefits of...read more
A term that is often used when referring to business planning of any kind is a SWOT analysis. It is the starting point for any type of business plan, whether that plan is for a start up venture or a company that has been running for many years. This article will...read more
If a business is in trouble and looking to hire the services of a turnaround manager, it can add to the stress of what is already a difficult time. It is important to maintain objectivity during this time and minimise adding any further problems to the business....read more