Trimming costs is wise in lean times when cashflow is critical. However, the wrong survival strategies can unravel and backfire. If your business is not growing or improving its performance it is falling behind and could be headed for trouble. A slow economy can be a good time to improve key performance areas.
Business Coaching is a cost effective source of guidance, expertise and implementation resource. Your coach becomes a trusted advocate and advisor working collaboratively with you to uncover and resolve issues that are most significant to your business health today and survival in the future.
A 2008 US study* noted that small to mid-sized businesses who engaged a business coach experienced the following top 10 key results.
- Clearer understanding of barriers and opportunities
- Increased productivity and engagement
- More effective strategy planning
- Higher percent of critical goals achieved
- Stronger management effectiveness & competence
- Gained market-share (revenue performance)
- Higher retention of key people
- Reduction in costs
- Increased cash flow and profit margins
- Improved collaboration within management
The International Coaching Federation asked business owners and leaders their view of the personal value they experienced with a business coach and reported as follows:
An investment in business coaching will pay off many times over – get more of the important things done today, work smarter, have more control and reclaim your work-life balance.
Contact Senga to learn more about how our Coaching Programs can help you.