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IS YOUR BUSINESS POSITIONED TO GET TO THE NEXT LEVEL?
According to Verne Harnish in his bestseller book “Mastering the Rockefeller Habits” – Of the 28 million businesses in the US, 96% never cross $1 million in sales. Of the remaining 4% only 4 out 10 or .4% will ever cross the $10 million mark.
Where do you want your business to be and can you get there by yourself?
YOU can build a Sustained Profitable Business – Here’s How
Entrepreneurs, business owners, and key executives in any organization share a common concern: How do I build a solid business with sustained profitability?
FREQUENTLY ASKED QUESTIONS
According to an article in the April 2006 issue of the Inc. Magazine (pp 86) coaches focus on one thing: improving your performance as a leader. A good coach will make sure you meet your commitments. Executives at large corporations have long relied on coaches. But entrepreneurs and smaller business need them even more because they’re so isolated.
Organizations are made up of people. They thrive when people view their jobs as responsibilities and take ownership of their actions. Creating an environment that raises morale, enthusiasm and energy level of employees is the key to success of any organization. A coach focuses on all these and more.
Businesses are living things. They are constantly changing and evolving. Many organizations have difficulty managing change because of resistance from many constituencies. When this happens, organizations get stuck. A coach helps manage change.
The coach is:
"A coach is someone who tells you what you don't want to hear, and has you see what you don't want to see, so that you can be what you have always known you can be." - Tom Landry
Every organization hits brick walls as it grows. This causes disruptions and turmoil. These brick walls are rooted in the following three areas:
When the organization hit these brick walls they get stuck. A coach prepares the organization to minimize the impact from hitting these brick walls so that the organization stays on its path of sustained profitable growth.
Organizations get stuck for many reasons but some of the more important reasons are lack of clarity, lack of alignment, lack of focus and lack of accountability.
Organizations must improve clarity and alignment at all levels. They must create long-term strategic thinking but focus on short-term execution. They must create a rhythm to work on important things as opposed to urgent things. Although these are simple concepts, many organizations struggle with them.
Organizations have to create discipline and change certain habits. Unfortunately, most organizations struggle with the change when they do it themselves. They, therefore, engage an independent person who acts as their coach and advisor to effect the change.
Everyone needs a person who is their trusted advisor and will hear their problems and give them unbiased advise. Coaching is a stable supportive relationship where a coach and the organization form a partnership built on trust, mutual respect and discipline that effects behavioral change.
No. A coach is not a consultant. A coach helps bring the best out of you by creating behavioral changes that affect the outcomes in a positive manner. Unlike a consultant, the coach is there with you in the trenches, helping you fight the battle while maintaining your focus toward your vision.
The power of the coach comes from being an outsider and not knowing what is inside the box. The coach's strength is not in knowing your business as a specialist but to help you think beyond limits of imagination and work with you to clarify, crystallize and implement your thinking.
The coach will take you where you don't want to go on your own. We all live in our areas of comfort and convince ourselves that we know everything. Truth is actually the opposite. For business executives to know what they don't know and doing something about it can be valuable. Also knowing what they should stop doing can be equally valuable if not more.
Coach does not have a magic bullet, you do. However, you may not know that and may not have the gun that can fire the magic bullet. The coach can help you find that bullet and create that gun that will fire the magic bullet.
The coach conducts a series of meetings to drive change within the organization. He/she utilizes his/her experiences to motivate people to think and act differently. A rigorous application of this approach makes people become good at identifying the right things and doing them at the right time.
A good coach must have
Results are achieved through the efforts of the organization. This requires commitment, focus, rhythm and accountability that leads to behavioral changes and enables people achieve specifically agreed to outcomes. A coach empowers and encourages growth through personal commitment, applied discipline and practice and emotional strength. The coach also provides a confidential and challenging environment for constructive feedback that assists the people to improve their own performance.
As an entrepreneur, a business owner and an executive in a public corporation, Prafulla has seen and dealt with many business challenges. He combines his personal business development experiences with a proven process called the CEO Advantage™. He is a licensed and certified the CEO Advantage™ coach.
The CEO Advantage™ is a branded, unique process that allows experienced coaches to engage with the leaders of organizations to help them translate their vision into execution and results. This process is built on the great works of Jim Collins, Verne Harnish and Patrick Lencioni. It uses simple and practical tools to help executives focus on three key areas:
Before engaging into a relationship a Results Map is created. This document lists the client’s expectations and the value coach will generate for the organization. It also lists the client’s commitments without which good results cannot be achieved.
Coaching may appear expensive on the surface but it more than pays for itself in the long run when the business starts to deliver the results that may otherwise not be possible. Great companies have great coaches. Good companies have good coaches. Companies have no coaches struggle and get frequently get stuck. Coach can be difference between winning big or simply living.
Organizations should begin by making a commitment for them to change. What got you here may not take you there. Talk to an independent advisor. Call Prafulla Pande for an initial discussion to find out how you can take your organization to the next level. You will find this discussion invigorating and informative; something that will help you to take your business where you want it to go.