Business Coaching is unique in that most small businesses haven’t realized that they could benefit. Business owners are typically not entrepreneurs in the sense of how to successfully run a business. The fact is most business owners are skilled tradesman that went off on their own and started a business. This is why most businesses fail in the first 3 years. Statistics show when having a business mentor the chances of succeeding increase exponentially.
You may know how to build the best kitchen table in the world. However, if you don’t know how to deliver that table to the public with the same craftsmanship every time without you doing the labor you will go nowhere. Sure you can keeping building that one table over and over but eventually you need to train someone else to either build more tables or you will need to hire a salesman. Growth continues until you have now stopped building the table but now are in the office. See where I’m going here. Your business grows and you take on responsibilities until at some point you don’t know how to keep it growing or at a minimum stabilize.
Great business coaches guide the business owner, skilled tradesman, in growing the business like an entrepreneur. Entrepreneurs start from the bottom up. If an entrepreneur, a skilled kitchen table maker, started a kitchen table making business it would look like this…
First order of business would be starting with a vision statement. A standard of his vision would be the start of every new system, hire, procedure, and operation. The culture is set upfront with no exceptions.
Now that the vision statement is in place the next task is to have a operation manual. The written document on how his business will be operated. How to exactly make the kitchen table is documented. Where to find the correct, best materials at the cheapest prices is documented. The marketing will be detailed by how much to spend in the operations manual. Which advertising platform to spend the marketing and when to spend at what time to spend it is all in the operations manual.
Systems to generate the same quality is developed. Standards are written and put to practice before a table is ever built. Since you are already running a business and may have may systems in place you have succeeded to a place of possible stagnation. Why? You need a business coach.
Successful business coaching will teach you to progress your business into a franchisable type model. A successful business model that keeps growing has systems and documents procedures and instructions. A culture is not only perceived but documented. Now that does not mean you need to franchise or even sell right now. At some point you will either sell or turn over your business to family members.
The reason many inherited business fail is because no systems were in place to continue the high standards. You hear all the time that the son or grandson have tanked the family business to extinction. Why do you think this occurs so often? It is really simple. There was no written vision statement, no current operations manual, or there was no process to duplicate past success. Dad or Grandpa did all the major work. They never really taught anyone how to do enough of the business core implications. The high expectations from the new top was not clear, not really.
Why does McDonalds serve the same fries in every restaurant? Why do you walk into a Walmart in Denver and may forget you’re not in a Dallas Walmart? Ray Kroc and Sam Walton had vision. They had it written every where in their stores. They had strict operating standards to be followed or you will not work for them. This model is not just for billion dollar companies. Its for every business.
Why does any of the above matter? What does business coaching have to do with Walmart or McDonalds? These two companies have systems, guidelines, operation manuals, exceptional practiced culture, and many more proven business strategies. Companies like these created a model that anyone can follow at any scale. Let me ask you…
What if I were to say your business evaluation could be worth 25%, 50%, even 200% more in a year from today? What if you could start right now? Would you do it? Whether you are in decline or growing, getting you to have a vision to execute is why the business coach is called upon.
Getting excited about your business again is what business coaching is really about, at least here at Outside the Business Box. If your business is slowing down, in major decline, or maybe still in growth a business coach can assist. An outside view of your business can help identify your decline by digging into your mind. Yes, you know your business better than anyone else. A business coach steers you into a direction to finally take the correct action in solving issues.
Identifying the issues is great but if not acted upon the issues will continue. Outstanding business coaching is a process of giving action steps to complete each week or day to move forward. A connect the dot to dot program developed each week to eliminate the issues or keep growth moving.
Business consulting goes hand and hand with business coaching. Many business coaches do not consult. To be an effective business consultant you must have business experience. Our opinion here at Outside the Business Box is if you have not owned or operated a business then one should not consult. Experience in actually operating a business has its advantages over just taught consultants. You would never take skydive lessons from a anyone that has never jumped out of an airplane. So why would anyone hire a coach consultant that has never experienced the ups and downs of operating a business.
Outside the business box is operated by Chad Murray. Masters Services chimney service was started y Chad and his wife Christa 24 years ago. Masters Services is one of the top grossing chimney services in the United States and maybe the largest chimney service to boot. In 2015 Chad walked away from the day to day operations of Masters Services after training a management team to take his place. In four years Chad has coached and consulted Masters Services to grow it from 3 million dollars to 4 million dollars. Chad admits the million dollar growth would not of been possible with him running the business. Chad’s vision was to promote within and mentor the management team to start sharing his vision.
Chad was helping some other business in his free time and looked in getting a certified business coaching degree. Chad applied for the Professional Business Coached Alliance to become a certified business coach. Now Outside the Business Box, Chads business coaching firm, offers a few different business coaching options. One on one coaching, group (leadership) programs, and online business coaching courses.
Business coaching is for any business ready to break it chains or learn to step forward in a structured duplicable process.