The 'PRINCIPIUM' COACHING BLOG

As a business owner you might wonder – what is the benefit of having a business coach? Running a business involves a lot of hard work. Also, you might think you are headed in the right direction with your business, and you have all the answers. But as you go along, you realize that there are challenges that you can’t resolve. No matter what stage your business is at, a business coach can help. Here are some ways in which business coaching can help an entrepreneur or a start up owner. Business Advice Base on his own expertise and years of experience (that business coaches usually bring to the table), a coach can provide you valuable advice, and ‘tricks and tools’ to handle various challenging aspects of the business. External Perspective A business owner can may think he has a great business idea and the right strategy to back it. But it is always beneficial to have someone as a sounding board – someone who can provide feedback on your strategy and plans, or offer alterna...

A recent report by Keap and Emergent Research found that about 94% (almost all ) of small business owners surveyed identify specific financial goals for their business and yet only 65% are confident they will achieve them. This leaves 29% of small business owners, (one in four) who have set specific financial goals for their business, bit are not confident that they will achieve those goals.   This is where coaches come in. Entrepreneurs and small business owners look towards a business coach to help solve specific tasks and objectives. But the moment they consider the coach’s fee, their reaction generally, is to save that cost, and solve the problem on their own . But don’t worry about how you can’t afford to hire a business coach because the truth is, you can’t afford  not  to hire a business coach.  Specific ways in which a Business Coach can help your business Entrepreneurs usually start a business with a great business idea. As a new busines...

"Good business leaders  create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion."  - Jack Welch Many business owners, particularly inexperienced start-ups, run their business without a vision in mind. They focus on short term profit and forget about the long term goal – which should be - to build a business that prospers! Is there any wonder why 90% of start-ups fail? Many business owners have been profitable from the beginning of their business launch. They’ve been fortunate. But some of them need to be careful. It might not last. There will be highs and lows and it’s important to take the good with the bad. They should by all means celebrate their first success. At the same time, they shouldn’t get carried away by the first win. They should develop a vision (which isn’t based upon a  monetary  value) and work towards it – this is the key to long term growth and success. So you’re a business ...