Avoiding the Pitfalls on Your Entrepreneurial Journey

- Rachel Spratling

A very warm welcome to our latest series of blogs that are designed to explore the secrets to establishing your business whilst avoiding costly and time consuming mistakes.

No matter what stage your business is at entrepreneurship is not without its challenges. At each and every stage the challenges are different, bring different levels of complexity whilst decisions take on different levels of magnitude.

Having successfully navigated the early stages of your business the attractions of kicking on and building a profitable, sustainable business are immense.

After months, if not years, of hard work you’ve not only survived but have reached a point where you’re now ready to create an even bigger and more sustainable business.

The big questions are simply;

  • HOW do I create that business I’ve always wanted?
  • Do I have the knowledge and skills to create it?
  • How do I create it without costly mistakes?
  • How fast can I create it without working crazy hours?

With the expert help and advice of an award-winning coach you’ll learn how to build;

  • A more consistent pipeline of  ideal  customers
  • Increased numbers of higher value customers
  • Greater levels of repeat business
  • Greater levels of brand recognition
  • Improved cash flow & profitability 
  • Greater levels of control from a more systemised and process driven business
  • A growing team/business that’s less reliant on you 
  • A significantly better work-life balance

Ambitious entrepreneurs who are serious about growing their businesses and reaping all of the rewards, know that the only remaining question they need to be asking themselves is …. How soon can I get started?! 

Why Not try Our

Milestone Survey?

Understand what stage your business is currently at, and get a bespoke report that will help you take it to the next level!

As businesses grow, they invariably face some very specific challenges. Understanding how best to address them, in what order, whilst also identifying the opportunities associated with these challenges is a critical part of unlocking your business’ true potential.

As your business learns how to successfully navigate this RUN phase the many challenges that have dogged your entrepreneurial journey to date will start to fade.

Memories of the endless days of worrying about where the next customer is going to come from or of when you were frantic to work out whether you’d be able to pay suppliers, staff or even yourself at the end of the month start to become just that, a distant memory.

The same is true of the memories of those excessive hours that you had to work to simply keep the business afloat whilst all around you seemed oblivious to the stresses and strains that you were working so hard to hide from them.

Either way – as you begin to find your rhythm in the RUN phase you will begin to enjoy all of the benefits of a business that is growing consistently, generating a healthy profit and building a stronger cashflow position month after month.

Along with the knowledge that your business is finally starting to really work comes the added confidence and satisfaction that you can now start to enjoy the financial rewards of all of your efforts. Alongside this increased financial security comes the additional benefits of greater levels of choice, independence and control over how you invest your time. For the first time perhaps you don’t actually need to work an 80 hour week. 

Perhaps you can even take a 2 week holiday without feeling guilty and worrying about what you will come back to!

Irrespective of what stage of the entrepreneurial journey you and your business are at, the challenges of running, growing, scaling and potentially even exiting a business are frequently both multiple and complex.

For many, it’s far more than just a question of time. It is a question of knowledge. Put simply none of us know what we don’t know! 

Whether it’s our business knowledge, our opportunity specific knowledge or our venture specific knowledge as business owners we’re frequently presented with new and ever more complex challenges.

Want more great content like this? Check out our latest eBook today!

Download a free copy of our eBook “Why So Many Businesses & Ambitious Entrepreneurs Fail to Achieve Their True Potential” today!

It’s packed full of practical and easy to implement strategies that will help you “Avoid the Pitfalls” and drive your business to the next level!

If running and building a successful business were simple then needless to say everyone would be doing it. For many of us, it’s about building a valuable support network comprised of both an experienced mentor/coach alongside a close knit group of peers.

If One to One coaching/mentoring isn’t the right solution for you and your business then don’t despair. 

The opportunity to work with our award-winning growth experts is still within reach.

Following years of working with entrepreneurs across multiple industries and at varying stages of their entrepreneurial journeys, we have created a number of group coaching programmes to suit each and every business.

For CEO’s and Managing Directors who are wrestling with the magnitude and complexity of daily operational and strategic decisions, or perhaps struggling with ever changing market dynamics and levels of competition, we’ve designed our Virtual Boardroom Programme

Similarly for entrepreneurs that are focused on delivering  super-normal  levels of growth year after year we’ve created a unique peer to peer learning experience and support network called the Scale Up Institute.

Finally for those businesses that are now looking to establish a more consistent level of growth and profitability with the help and advice of our growth experts we’ve developed what we call our Growth Academy.

For entrepreneurs across the world, navigating the growth stages continues to be a significant challenge.

Having experienced early success, successful entrepreneurs are invariably keen to accelerate their rates of growth and realise increasing levels of productivity and profitability.

The growing pains associated with this RUN phase are for many considerable and breaking through this phase relies heavily on the entrepreneur’s clarity of vision and purpose, their optimism and dynamism, their commitment and resilience along with their desire to lead and build their own knowledge and skills to ensure that their goals are all realised.

For many though just having all of those attributes isn’t enough.

Successful entrepreneurs the world over recognise the need to invest in themselves to ensure that they possess the practical skills and knowledge to run their organisations to their full potential. They recognise the need to be competent in key areas such as;

  • Planning & Organisation
  • Management 
  • Leadership
  • Goal Setting
  • Decision Making
  • Project Management
  • Creative Thinking
  • Problem Solving
  • Recognising Opportunities

They equally recognise the importance of building a growing organisation based on strong operational systems and processes run by highly competent, committed and loyal team members.

Like all successful entrepreneurs we all have the ability to learn for ourselves. As the phrase goes…  !”where there’s a will there’s always a way”  and, whilst entrepreneurship is often a lonely journey, by joining a programme with a community of fellow entrepreneurs the journey is often far more enjoyable and rewarding.

The business and personal rewards are invariably greater, the speed of travel far faster than when we try to do it on our own and the cost of learning by our mistakes far in a way reduced with the help and support of both our peers and experienced coaches who have all been sat exactly where you’re sat right now.

It’s regularly said that the greatest mistake an entrepreneur can make is to do nothing.

Similarly -by investing in a world-class CIPD accredited education programme you can be reassured that the provider has;

  • met rigorous standards for good practice
  • adheres to the CIPD code of professional conduct and continues its professional development
  • is committed to delivering a quality service that supports your organisation’s strategy and people.

Don’t procrastinate, take decisive action today to build the business you always dreamed of by becoming a part of our CIPD Accredited Growth Academy Coaching Programme NOW!

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Why not get in touch with the team today? We’d love to hear from you!

We’re truly passionate about supporting business owners like you overcome your challenges and unlock the true potential of your business. If you’re looking to drive your business forward, get in touch today!

We hope that you’ve found today’s blog useful and informative. DON’T MISS the next part of this 2 part mini series where we will be focusing on why “hope” simply isn’t a strategy for success.

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