Profit coaches are a great way to drive your business forward. But is that service right for you? Maybe! Let's take the quiz below and see how your needs stack up.
First, What Is A Profit Coach?
A profit coach is a small business expert that applies sound judgement and technical skills to boost your organization's bottom line. Profit coaches can be experienced in a specific industry or have a background spanning across many different sectors. Either way, these business experts have a fundamental knowledge of best practices used in growing small companies. So, can your organization benefit by partnering with a profit coach? Let's find out!
Question #1: Do you feel like you are on an island as the sole decision maker?
Part of being a small business owner, means you're wearing many different hats. At times, you feel isolated with no one to lean on. A profit coach is the perfect strategic partner. Providing you with an experienced sounding board, that has your business' best interests in mind.
Question #2: Are you tired of guessing?
When decisions need to be made, are you armed with the data to make the right call? Most, simply guess! A profit coach knows what data to look at, and more importantly, what it means. Take the guess work out of running your company and gain a peace of mind, knowing you made the right call.
Question #3: Do you have cash flow problems?
If payday scares you. If you are having to rob Peter to pay Paul. If you are showing a profit but can't understand why the bank balance is low. You have cash flow PROBLEMS! A profit coach will foresee these cash crunches and make the necessary adjustments to avoid them.
Question #4: Is your business growing?
At times, a business' success can also be its downfall. Expansion is an exciting time for all organizations, but must be done strategically. If you are looking to add staff, add locations or add products/services, a profit coach can ensure you do it at the right time.
Question #5: Is your company capital intensive?
If you are in an industry that requires large capital assets to compete, you can benefit from a profit coach. These types of businesses can be cut throat, and if you don't have a plan on equipment upgrades and proper financing, you can get left out to dry in a hurry.
Conclusion
If your business has a simple model, cash flow is steady and you have no doubts about where your business will be in 12 months, a profit coach might not be for you. If on the other hand, any of the scenarios above resonated with you, a profit coach is a great way to move your business forward.
Comentários