Most Business Coaching will actually be working through the mechanics of running a business, area by area.
Goal-Setting and Planning
Working with a business coach helps to set specific goals for a business’s development and then a plan is worked out to achieve these goals. This plan is then worked with on a regular basis. It is no good having a business plan that is put together and then filed away. It needs to be worked with on a regular basis.
Financial Clarity and Profit Levers
However, many business owners have a rough idea of their business’s turnover but have no idea how they make any profit from their work, products or customers. A business coach will help the owner of the business to explore and identify the business’s profit levers.
Leadership and Team Management
How you behave on a day-to-day basis will affect your team’s performance. Acas guidance on leadership behaviour and how it affects team performance has been pulled out here. You will look at how you are delegating, how you are dealing with difficult conversations, and making sure that your team has the clarity they need to do their work properly.
Sales and Business Development
Outline of your current business and specifically where your work comes from. We have found that most businesses are heavily dependent on a few key customers or a single source of work and many have accidental referral processes.
Owner Dependency
Owner Dependency – Identifying owner dependency and working with the owner to document processes, build a capable team and reduce the amount of decisions that only they can make. Tewkesbury Business Coaching is covered in more detail at https://www.randall-payne.co.uk/services/business-advisory/business-coaching/tewkesbury/.
The key areas that a coach can work through with you one by one are listed above.