The 6 Steps to Build Your Best Business

The crucial role of a coach is undeniable in sports. Most people would say that he or she is one of the most critical people behind a team’s win. Without a great coach, an athlete or a team will simply find it tough to win a competition. Read in this article The 6 Steps to Build Your Best Business.

But did you know that coaches are not only found inside the court or along the racetrack? Some of them are playing and hustling, not in sports, but in business.

Did you know that many business owners of globally recognised brands have business coaches? These coaches help business owners by providing objective assessment, injecting new knowledge, and enhancing proactiveness and accountability.

How do business coaches get businesses and their owners into shape?

1| Offer Objectivity

Business coaches can provide an objective, unbiased, and educated perspective when looking at your business’ strengths, weaknesses, and strategies from outside in. They can give praise or criticism to help you improve. Not only can they bring in a fresh perspective, they can also bring in years of experience into your business.

2| Inject New Knowledge

They introduce new knowledge, tried-and-tested methods and strategies, and holistic advice on the business. Great coaches not only have a deep playbook of different tips and strategies, but also know where to find expertise when it’s needed. By both bringing knowledge and also connecting you with the right people or suppliers, coaches help accelerate your learning process.

3| Make You Accountable to Your Committed Actions

Most importantly, business coaches hold the business owner accountable and ensure that all action plans are implemented. Many owners have great ideas and know how to grow their business, but are often too busy running the business that they do not have time to grow it. Coaches ensure you are on track, and give you the motivation and the push to take a step back to work ON the business and not just IN the business.

The 6 Steps to Build Your Best Business

Here Ian, a globally recognised, Award Winning Business Coach shares The 6 Steps to Build Your Best Business

“It’s the success of the businesses in the community that actually makes the community successful,” Ian said as he expressed his excitement for his ActionCOACH North West based business coaching practice in helping out local businesses grow and become even more successful.

According to Ian, there are 6 Steps to Build Your Best Business and these could help in increasing profits and sales, freeing up business owner’s time, and creating amazing teams.

1| Mastery – From Chaos to Control

Most business failures are due to the lack of management expertise. Under this first step, there are four areas that business owners need to master in order to eliminate chaos and create stability in their business. These are

Destination Mastery
Money Mastery
Time Mastery
Delivery Mastery.

Destination Mastery is having a vision and direction for your business.

Money Mastery is having the financial intelligence needed in order to manage your business better.

Time Mastery is about the productivity and efficiency of your teams, your systems, and yourself as the business owner.

Delivery Mastery is basically about the consistency of your business, from production to customer service.

“Consistency is the foundation for healthy growth,” he says.

2| Niche – Predictable Cash Flow

Ian says that Niche means business owners are not competing on price. This step urges business owners to find several unique aspects in what they offer and to find the one the market will buy because of them. Niche is also about creating greater profits. While most business owners focus on either marketing to get more leads or cutting cost to generate profits, Ian focuses on 5 Key Drivers to create exponential profit growth

Number of Leads
Conversion Rate
Number of Transactions
Average £ Sales
Profit Margins.

3| Leverage – Efficiency

This step is about getting the business to work efficiently. An acronym to remember this by is SYSTEM which stands for

Saving Your Self Time, Energy and Money

by reinvesting in the business through setting up new systems, utilising up-to-date equipment, and incorporating innovations. In order to systematize a business, a business should clearly define and fulfill its vision, mission, culture, SMART goals, organisation chart, positional contracts, key performance indicators, how-to systems, and management systems.

4| Team – Structure for Growth

ActionCOACH helps business owners build excellent teams by using this four-point cycle.

Owner should be able to create an amazing……..
Team so that they can best deal with……..
Customers, who will then contribute to the growth of the……..
Business.
This cycle goes back when the business gives more to the owner. The keys to a winning team are strong leadership, common goal, rules of the game, action plan, support for risk taking, and 100% involvement and inclusion.

5| Synergy – Duplication

In a survey conducted during the webinar, over half of business owners said they cannot take a long holiday as they feel their business won’t run well without them. Installing a general manager will put the business on “auto-pilot mode.” It is a state where all the people, systems, and aspects of the business are working harmoniously like a well-oiled machine, even when the business owner is not around.

6| Results – Growth and Freedom

Once the fifth step is fulfilled, the last step which is Results will finally be achieved. In this step, business owners will find fulfillment in an effective, efficient, and profitable business that can run and be successful even without them. This will allow business owners to have time to focus on their own personal growth, to further grow their business, and/or to build a new business.

To find out more about how Ian works with business owners, book a 10 minute call with him at at time to suit you by CLICKING HERE or Wats App me on 07716 292378