I’m Starting My Own Business: What Do I Need to Know?

Congratulations! You have taken the first big step to becoming your own boss and going out on your own.

You know your industry, how to build a brand and are very creative about the details of certain business affairs.

However, many first time small business owner’s fall short of putting systems into place to get the business moving in the right direction from the gate.

This is where the smart business owner will save time, money and avoid inevitable pitfalls that plague many entrepreneurs the first time out by hiring a business coach.

What is a business coach?

A business coach is a lot like a personal trainer at the gym: A good trainer will begin by learning your goals, strengths and weakness in what you can do well and where you need assistance. A good coach is skilled in recognizing your skills and also your fears and areas where you need to build strength.

It is important to know that there is no certification required to become a business coach, therefore you want to be sure you connect with someone who knows how to work with your business and that you communicate well. A good business coach should be eager to see you succeed and be on board with your goals.

Some questions to ask are:

  • How long has this person been coaching?
  • How long did they own their own business?
  • Are they will to take on a small business?
  • What is their success rate?
  • Ask for references
  • What can the coach do for me?

A business coach will offer guidance, expect accountability for tasks assigned and offer encouragement to help you meet the steps to success.

Many business coaches offer help in their areas of strength.

They help business owners find what they want to do in a particular field. Many call this role a “business effectiveness” approach. Business effectiveness can span a wide spectrum of sales, customer service, human resources, sales, marketing, leadership, financial management, exit strategy, and succession planning.

When working with your coach, part of the process will be to establish a safe and trusting relationship. A good way to see if the working relationship can go forward is to feel you will be heard in the exchanges. A good coach knows that business coaching is not a one-way road. As the business owner, you have a voice in the transactions.

Comfort in communication

A phrase used in the industry is “safe place,” for business owners, created by Professional Business Coaches Alliance. The expression is important. The words illustrate a supportive environment for the business owner who should feel free and comfortable voicing his or her concerns, opinions and objections to the recommendations of the coach.

While many good meaning people like to offer advice, that advice is tainted by the givers own fears and experience, however well meaning. A coach is arms-length and objective.

How do I find a coach?

Hiring a business coach is not a casual task. It is important to understand your goals first. This is not something to relinquish once you have engaged a coach. You are a team and while you are partnering with a business expert, it is still your responsibility to share your vision for success.

A good approach to finding a business coach is first to analyze your own goals. Did you clearly outline your steps to success to your business plan? Or, maybe this is where you need to begin with your coach.

A lot depends on the stage of your project. Coaches can help you in the early stages to help you get off a strong start and avoid some of the “newbie” errors that often plague the new business owner.

  • Talk to other business owners and ask for references
  • Search online for companies that offer business coaching and start a dialogue. If communication goes well, set up a conference call or Skype. You will get a good sense if there is a good connection
  • During the interview process, see if the person has some good business ideas to offer. Creativity in the coach is key to the nuts and bolts of setting up a strong foundation.
  • Understand what you want from your coach. Have your list of questions ready as you do your research and when you area ready to interview potential candidates.
  • Your questions should reveal, among other things, an emotional intelligence, commitment and communication levels, experience, you seek.
  • Decide whether you need a coach locally with close personal attention or you can work with someone more remote via phone, text and email.

Obtaining the services of the right business coach for you can make the launching of a new business less stressful. An early start in the good direction will help you gain the footing that is needed in those first critical years.

There are times when even the most savvy business person may miss some important key signals because of a laser focus in a different direction. Smart business people understand the need to look for outside perspective.

Business Is Good, Why Would I Need a Business Coach?

If your business is doing well in this competitive market, congratulations! You must be doing something right. The question is, is business as good as it could be? A good way to test that theory is to bring in some outside business counsel to scan the landscape and see if there is more you could do to expand and grow even more.

Why would I need a business coach?

If your business is doing well in this competitive market, congratulations. You must be doing something right. The question is, is business as good as it could be?

A good way to test that theory is to bring in some outside business counsel to scan the landscape and see if there is more you could do to expand and grow even more.

It is not unusual for even the most successful entrepreneurs to get a “second opinion.”

That opinion is usually comes from a business coach. The art of business coaching expands your field of vision. An objective and outside assessment from another professional may see things from a different perspective.

The value in an effective coach can help an entrepreneur see optional approaches to business issues that may be found in other industries. These “crossover” options can bring in some new creativity in marketing. It’s the broader perspective a business person can’t always find on their own, according to Geoff Williams at American Express.

What will a coach do for me?

Few high achievers reach their goals without someone who has been there and help guide and way to success. Great coaches offer their experience, and ask a lot of questions. Part of the coaching process is to encourage their clients to think about their business in new ways and new lights.

Not all business enterprises benefit from coaches. In some cases, individual contributor operations have found business coaching to be helpful. Phoenix, AZ sculptor, Kevin Caron, hired a business coach when his art just wasn’t gaining traction. His coaching really paid off.

“I’m probably the last kind of business owner in the world anyone would expect to have a business coach,” the artist said. He admitted his business would not have taken off the way it did without the vision his coach brought to him.

How do I choose a coach?

In order to choose a coach, you need to be ready to work with one. That means asking yourself what you need and want help with.

• Define your goals. A business coach can offer specific or general advice. Determine those areas in which you need the most help, and make a commitment to finding a qualified expert.

• Consider someone with a mix of backgrounds. You don’t necessarily need someone in your exact business, but you also don’t want to go too far afield. Sometimes a parallel background can offer some interesting insights.

• Get someone outside of your immediate circle of friends and family. While you have people around you that wish you the best, it is better business to hire someone who is not your friend or in your professional circle. Keeping the relationship purely objective is best. You want your coach willing to tell the truth, even if it’s not what you want to hear.

• Make sure you can communicate comfortably. Not all personalities click. You and your coach don’t need to become friends, but you do need to be able to communicate comfortably, openly and with respect. Personalities don’t always click. At the same time, neither the coach nor the client should feel intimidated by the other.

• Don’t be limited by geography. With the current technology, you can take advantage of having a wide range of choices for the best fit for you and your business. References and browsing through the resumes online can help you find a coach with the expertise and skills you’re looking for.

Smart business people understand the need to look for outside perspective. It is important to remember that good business coaching is a process. You and your coach will work closely together to refine your objectives.

Once you have decided to take the step to work with a business coach you will quickly find the value in obtaining a creative partner in finding new roads in which to take your business.

Please contact us to learn more about business coaching.

Home Business Blueprint: The Building Blocks When Starting Your Home Business Blueprint

We have all been there… trying to figure out the best ways to get ahead. We are always in search of the next “big thing”… We are constantly trying to find that edge that can separate us from the competition. Why do some people achieve elite success and others, well, others just flounder? There are specific steps we all must do in order to stand high and mighty, on top of that hill. These can and will create a tremendous foundation for anyone navigating through their home business blueprint:

1. Brand Yourself!

The biggest challenge when starting your home based business is understanding that you must create & cultivate a brand… a brand of YOU! When I first started my home business (and had no idea of what the industry entails), I figured I could be that guy behind my computer, growing my business without anyone knowing me. That could not be further from the truth! Set up a Facebook page, a Twitter account, Google+, LinkedIn and start a website with YOU as the focus. People want to know who and what you stand for-the faster you can build your brand, the faster you will ascend within your home business blueprint.

2. Expose Yourself (Don’t Worry-it’s not what you think!)

While cultivating your home business in the early stages, you have to know what works, what doesn’t and where to find this information. Like any business, you need to immerse yourself in as much information in as many places as possible. The more you know, the more you succeed. If you need to read “Home Business for Beginners”, don’t be ashamed-DO IT! Sign up for various social media sites and become familiar with how they work. Read articles from every type of business within the Home Business industry… read about the people that have succeeded… and failed. Learning about this industry is a necessity with the home business blueprint.

3. Show Me the Money… I mean, Show Me How Good YOU Are!

Obviously, developing and growing your home based business is going to take some time… you will be slow, things may not look all that great, and you are going to stumble and fall a few times. As you grow, gaining more confidence and understanding the concept of what you are trying to do, you need to exhibit how great you are. What that means is, make everything that resembles you-your webpage, your articles, your blog posts, your pictures, everything needs to show professionalism. Why? Because that’s what people first see, when they come across your profile or name. No one is going to click on your information or want to know more, if it doesn’t look like you know what you’re doing and have some experience. This will constantly be changing as you trek through the home business blueprint.

4. Get in a Relationship… Hundreds of Thousands of Relationships!

Business is all about people. Period. It doesn’t matter if you own a convenience store or a rental car company, it’s all about creating relationships. Relationships with your customers. Relationships with your vendors. Relationships with your colleagues. People buy from people. Growing your network of relationships is no different with your home based business. You do this through your “brand” and what you are showing people on the web. Join forums and Facebook groups to meet new people and learn about what they have achieved with their business. Creating a large, quality network of relationships is a major component of the home business blueprint.

5. Find the Best of the Best

The home based business industry has been around a long, long time. A great way to find solutions to problems, information on a specific company or product or just flat out see how that guy is making Seven Figures of residual income every year(!!) is to find out who’s the best in the industry. Who are they? Where did they come from and how did they get there? What are they doing now? The reason this industry is booming is because of the enormous opportunity-so find out who does it best and mimic them! These leaders are the ones that laid the groundwork for the home business blueprint.

6. You Own a Business, So Act Like It!

When I started my home based business, I thought this was going to be sooo much fun. I will get to play on Facebook at night, talk with people and then they will just send me their business all day long. Didn’t happen..and it doesn’t happen. This is a business and the sooner you realize this and take it seriously, the sooner you will succeed. People tend to not grasp this, because of the fact that there is a minimal to start a home based business, they already have a day job, etc. But, if you want to create your financial freedom in the home based business industry, you need to work at it-just like any other business. This is one of the bigger obstacles when people start with their home business blueprint.

7. Take the Bull By The Horns-and Make Sure Your Team Sees You

Another huge attraction to the home based business industry is the thought that once we recruit a few new team members, we are good to go. You’ve already done your part, now just wait for your team to recruit more and you’re in hog heaven… right? WRONG. You need to work harder than everyone else and show your team this. This is not only a sign of a good leader within the home business industry, but this is how the great leaders act in all aspects of life. Work hard now and you will reap the rewards soon enough. Working hard will create exceptional team morale and it becomes contagious-something you will see during your home business blueprint.

8. Pay It Forward

To piggy back on to the previous point, when you’re working hard, recruiting your new members, you also need to make time to help your existing team members. Not everyone has the same experience, knowledge and drive that you do. Motivate your team, role play with prospecting scripts, and give them tips on ways to improve their own brand. The coolest thing about the home based business industry is that everyone has to work together. If the people below me aren’t succeeding, I’m not succeeding. Helping them grow and create their business will exponentially help you and everyone else. This is the best aspect within the home business blueprint.

There you have it, a few things everyone needs to know going forward with a new home based business. Believe me, it’s not ALL you need to know, but these tips should secure a solid foundation where you can start your journey. This industry is fun, but it does take hard work. All that hard work is totally worth it when you’re collecting on your 6 or 7 figure residual income a few months from now. One more thing: NEVER GIVE UP once your home business blueprint is set in motion!

Home Business Blueprint: Tips That Create Success For Your Home Business Blueprint

About forty to fifty years ago, a lot the family homes looked the same. The father went to work from 9 to 5, the mother stayed home all day, cooking dinner, while the kids went off to school, came home and completed their homework before supper time. As you know, today is a whole new world. Today, women, moms and wives work… and the standard working hours are not 9 to 5 anymore. Today, there is more stress, more work and more costs associated with living our everyday. These are only a few of the reasons as to why the home business industry revolution is sky-rocketing. There are several words of advice in navigating through the treacherous home business blueprint.

Women have taken the proverbial “bull by the horns” within the home based business revolution. Company’s like Rodan & Fields and Nerium have created an enormous business opportunity for women to not only create additional cash, but to catapult their family into financial freedom. Men have taken notice and joined the home based business club, moonlighting at night, so they can create additional funds for their families. Whether you are a mom, dad, or single, you need to adhere to the home business blueprint.

1. Do You Like It?

When looking for a home business, the biggest question people ask is “what’s my income”? This is most definitely an important aspect of a home based business-I mean, that’s why we’re working, right? You also need to consider if this business is meant for you. Is this fun? Do I like the product or service? Personally, being a 34 year old male, I am not interested in beauty products… I’m more of a sports or travel guy. Pick something that is right for you and pick something that you will really love within your home business blueprint.

2. Is This A Scam?

Always, always, ALWAYS do your research. The internet is huge… and I mean really huge. Enormous. There are plenty of great things you can find on the internet. You can also get yourself into a lot of TERRIBLE things. Scams and people trying to take advantage of you are everywhere you look. If you come across a potential opportunity, check out the company and the person that is recruiting you. Ask the right questions and make sure to confirm everything in writing before you make any decisions-this will be a big first step when embarking on your home business blueprint.

3. The Dubya, Dubya, Dubya

The Internet is THE SINGLE MOST IMPORTANT TOOL for home based businesses. There wouldn’t be a home based business industry without the internet. With Internet, you can do everything and anything, from anywhere. You can work virtually from anywhere. With two main elements of Internet – email and websites, you can interact locally and internationally and correspond with others, instantly. The internet will be required for anything and everything as you progress through your home business blueprint.

4. Uh Yea, We’re Gonna Need Some Backup, Over

Whether you’re trying to start your home based business full time or part time, you are going to need someone to help. If you are a mom or dad wanting to do this part time, you are going to need someone to watch the kids while you focus your efforts at night. If you are a recent college graduate, you are going to need the funds to at least house you, a computer and a phone right off the bat. Depending on how fast you pick things up and how hard you work, people start generating those residual incomes within the first months of your home business blueprint.

5. It’s Your Baby, So Take Care of It!

This is a business and your business needs your attention. Treat this like any other entrepreneur starting a brand new business. How fast and how far you go is ultimately up to YOU. It takes hard work, persistence and a little creativity. The harder you put all of those things together, the faster you will ascend to financial freedom. Make sure to keep up with the recent trends in the industry and ADAPT when needed. Look, the concept of this industry is extremely easy. Anyone can do this. It just takes hard work and the will to succeed with your home business blueprint.

There are a lot of things you need to consider when deciding to take the plunge into the home based business industry. The most important things are that you work hard and continue to persevere. Like any business, you are going to have your ups and downs, but just stay positive and stay motivated. If you can weather the storms of life, you will ultimately reach the financial freedom you have been looking for on your journey through the home business blueprint.