Tuesday, 30 August 2011

Starting Up A Small Business Using Business Coaching

Starting up in business tends to generate both positive and negative emotions.

On the one hand you feel excited, enthused, passionate and positive about making it happen. On the other you feel daunted, overwhelmed by the amount of work involved and lonely if you are on your own in your venture.

What can you do to best manage yourself and your resources when setting up a small business?

I think the first thing is to remember why you are doing this - What is driving you to set up your small business?

Hopefully, you have conceived ideas about a service or services which you can provide to customers.

Next, I think you need to get organised, realistic and think about the costs involved in setting up your business.

Developing a business plan with support and guidance from an established and successful small business owner would be a good place to start - even better if their business is similar to yours.

Writing a business plan will help you to do your research and ensure you have a viable business proposition.

If you are on your own the next thing to do is to think about your network and resources which will help you to set up your business and get you through the challenging first few months.

It's a good idea to brainstorm and then prioritise all the tasks you need to do in order to set up your business, allocating realistic time-scales for completion.

Perhaps most important of all is to ensure you don't get completely taken over by your new venture.

How will you ensure that you have time to relax, time with your family and time with your friends?

Successful business owners tend to have some boundaries around their work since it is all too easy to get sucked in to working 24-7.

Many successful business owners I know agree that if work is all you do you will never be really good at it.

I have helped many small business owners - particularly in the early days - to build their confidence, get their services clear, market their services and secure paying clients.

If you have found this blog useful please do leave a comment or if you feel alone and want support with your business please get in touch via West of England Coaching and Counselling.

5 comments:

  1. Putting up a business is risky and really needs alot of consideration. There are more things we need to learn and understand before anything else. Business coaching would be ideal for those who wanna have good guidance towards a boosting business.

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  2. The importance of seeking expert assistance when setting up business credit has many business owners turning to a business finance coach to help them establish their business credit. One of the biggest mistakes made by business owners is that they attempt to obtain business financing using their personal credit. You should never use your social security number to obtain business financing. Personal credit has to be separated from your business credit.

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  3. Nice post for starting up for beginners.

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  4. Well, the idea that business people need to access various sources of information to conduct successfully their affairs and make better business decisions is well established.

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  5. Today I am working and analyzing the pros and cons of life and career coaching. During my work I just go though your post which is really interesting and encouraging for learners. I also feel some time trainings are harder than me too. But it couldn't stop me in my career development.

    Career Coach

    ReplyDelete