Business Coaching
A business coach is a mentor or advisor that provides ongoing guidance, support and advice to business owners, franchisors and executives of small to mid sized companies. As well, those in start up or expansion mode find this type of assistance particularly beneficial as it helps to guide day to day activities, resolve problems as they arise, and monitor progress within the context of the overall objectives of the business.
Purpose
To assist leaders in achieving their short and long-term objectives by providing ongoing advice and guidance.
Process
- Review the goals and objectives for the year.
- Examine the company’s short term challenges and develop solutions to address them.
- Set out the activities for the next few months based on the above.
- Establish the allocation of time, effort, and resources, ensuring they are optimally balanced between day to day functions and those activities that support the longer term goals.
- Assist, as required, with resolution of issues such as financing and resources.
- Review on a regular basis, generally monthly, the business challenges, the financial results, and the progress on initiatives, and re-align activities if required.
- Prepare a quarterly report, analyze results, and discuss progress.
Results
A business that is well equipped to fulfill commitments in the short term, while at the same time is building a solid foundation that will meet future challenges and deliver superior results.