What is the tangible business outcome you want? What metrics will you use to know if your business is growing? How can you be sure you’re on track keeping your advantage in the marketplace?
Your Business requires three things in order to show profit, gain a strong position, and become sustainable in a competitive arena:
- It has to have a solid POA – Plan of action
- It has to remain consistent in all areas of its practice
- It has to be strong in its product, people, and process
Without these primary components in place your business could suffer and fail within the first year. It’s good to know that every business can and will hit failure points when first starting out, and again when competition requires your business to have a resurgence or rejuvenation of its product, structure, or branding presence.
You need a strategy that keeps you moving upward while staying competitive. Having a Business Coach is as important as having a mentor or advisor. Every successful business person has had someone that guides their strategy and performance.