January 23, 2010
Does it seem like a big mystery to you why you failed in the conduct of your business?
Business failures are just like making mistakes and being scolded for them by your boss at work. The difference though is that you will have bigger stakes in the former when you fail which would include your investments. Now, have you asked yourself and reflected on what could have gone wrong which resulted to the eventual failure of your business? Because when you have done so and have known what that mistake which caused the undoing of your business, it would be easier to correct that mistake and revive the business to life.
However, when you have some problems analyzing what you have previously done, you might not be able to uncover what your mistakes were. This is when you will need to undergo business coaching so you will be able to solve the mystery of your mistake and how to overcome it so that your business will be well again. According to some business articles posted in some websites which can lead you to a business coach, your possible mistake could have been in the lack of planning and strategy, lack of marketing and sales techniques, poor financial management, poor human resource management, or lack of working capital.
With the mistakes cited above, your session would likely include things such as defining your vision and goals, identifying your opportunities and appropriate strategies, improving efficiency of business operations, and more. These things would be so much different if you will talk about them with your coach and how you will need to apply them in your business.