Welcome to the fourth blog in the current series all about the challenges and critical milestones facing ambitious entrepreneurs on a daily basis.
In today’s blog we explore the importance of entrepreneurs leveraging their knowledge and skills to make important decisions decisively and with confidence.
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 Group 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!
Having successfully navigated the start-up phase and committed to growing your business the benefits of joining a community of like-minded entrepreneurs who are equally committed to growing their businesses are for many literally life changing.
With the help & guidance of our Global Top 100 coaches, you’ll learn what it takes to succeed and receive hands-on support to build the Strategy, Structure and Systems that your business needs to accelerate its growth potential. You’ll equally develop the sales, and marketing skills along with necessary management and leadership skills to ensure that you’re able to implement the strategy efficiently and effectively.
The net result is that you’ll benefit from proven support to help you enjoy ;
- Rapid growth in both revenue and margin
- A more consistent pipeline of target-market customers
- Higher value customers / clients
- Greater levels of repeat business
- Increased operational efficiencies
- Improved operational systems, processes and procedures
- A more effective team
- A significantly better work: life balance
- Greater levels of personal reward & satisfaction
Don’t procrastinate, take MASSIVE ACTION to build the business you always dreamed of and become a part of our CIPD Accredited Group Coaching Programme (ActionClub) NOW!
Avoiding The Pitfalls
Whether you’re at the start of your entrepreneurial journey or already well on your way, the challenges associated with building a profitable and sustainable business, irrespective of the industry sector, are often considerable.
At the heart of every entrepreneur’s start-up dream is the old quote that simply states….
Failure is not an option and yet why is it that so many fail to realise their full potential?
All too often entrepreneurs start their journey without real clarity as to their DESTINATION. Similarly, many entrepreneurs rapidly lose sight of and/or forget not only where they were heading but more importantly WHY they were heading there in the first place.
As the phrase goes… “if you don’t know where you are heading, how will you know when you’ve got there?”
Ironically – very few entrepreneurs would dream of building a house without a detailed set of plans drawn up without the help of an expert and yet why is it so few entrepreneurs (a) have any sort of written plan and (b) any sort of plan compiled with the help of someone more experienced than themselves?
Why Not try Our
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.
Successful entrepreneurs all recognise the importance of investing in detailed planning using recognised business planning tools such as SWOT & PEST to create real clarity around the company’s vision, mission and performance goals in the form of;
- 5 year long-term strategic plans featuring the company’s BHAG, core values, brand promise & KPI’s
- Annual plans featuring the company’s key initiatives, actions, & KPI’s
- 90 day plans featuring the company’s critical numbers, KPIs, company priorities
One of the most common pitfalls that entrepreneurs make is that they often don’t have enough clarity around the organisation’s purpose and/or fail to share it with prospects and customers alike.
Simon Sinek’s Golden Circles (see below) perfectly demonstrates his point that people don’t buy what you do, they buy why you do it. Equally as entrepreneurs your Number 1 goal is not to do business with everybody who needs what you have, the goal is to do business with people who believe what you believe.
Alongside a great commitment to planning successful entrepreneurs recognise the critical need for a strong financial awareness and robust controls within their business.
Sadly far too many business owners struggle because they have no ability to make decisions, due to a genuine lack of financial information and their failure to understand the importance of both historic and future numbers in their business.
Without simple tools such as a budget, a cashflow forecast and a basic financial dashboard highlighting key indicators such as the business’ break-even point, its gross and net margins, alongside details of the business’ sales pipeline the challenges become greater still and the chances of success harder still to realise.
No entrepreneur likes making mistakes let alone costly ones. In addition to the obvious financial cost implications the time entrepreneurs are forced to commit to resolving common pitfalls is invariably considerable.
To avoid these common mistakes when establishing and growing their businesses successful entrepreneurs invest their time in learning what it takes to establish and maintain a successful, sustainable and profitable commercial venture from the get go saving themselves both time, money and vast periods of stress, anxiety and self-doubt.
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!
By investing in our Online Growth Accelerator Membership Programme you can learn how to avoid the common pitfalls and all of the skills you need to build a profitable commercial enterprise for yourself. You’ll have access to all of the tools that our successful One to One and numerous Group Coaching Programmes provide at a fraction of the cost and enjoy the flexibility of learning at a time and in an environment that suits you best.
Many thanks for taking the time to read our latest blog. We hope that you’ve found it useful and informative. DON’T MISS the next episode in this mini series where we delve into the importance of building systems and processes to accelerate the growth of businesses and ensure that they successfully navigate each and every phase of the entrepreneurial journey.