3 Benefits of Using a Virtual Business Coach
A virtual business coach is a mentor who may assist you and your company, much like a face-to-face business coach; they primarily work remotely. A business coach's objectives are to expand your company, boost profitability, and develop contented employees. The assistance of an online business coach is similar to that of a traditional business coach; they achieve the same goals through online communication.
A virtual business coach is a mentor who may assist you and your company, much like a face-to-face business coach; they primarily work remotely. A business coach's objectives are to expand your company, boost profitability, and develop contented employees. The assistance of an online business coach is similar to that of a traditional business coach; they achieve the same goals through online communication.
Today's corporate landscape is very different from that of ten years ago, and it has recently undergone a significant transformation. Online business coaching has been shown to be quite successful. Therefore, a large number of business owners are seeking assistance. Let's say you own or aspire to own a forward-thinking company. A virtual business coach is an excellent choice in that situation.
Do You Need a Business Coach?
If you are wondering whether you need a business coach, you could be unsure whether you require one. Coaching can be costly, and you might believe you can resolve issues independently.
But the fact is that a great business coach is a priceless resource for any entrepreneur or business owner. You can save time & expense by working with a coach who will provide you with direction, support, and accountability. The following are some of the most crucial questions that can work as indicators that it’s time now to hire a business coach for your business:
Do you need help with how to start a business?
Has the growth of your business plateaued?
Do you need help acquiring new customers?
Does your company need vetted recommendations for resources such as marketing, sales, accounting, etc.?
If the answer to any of these questions is “Yes,” then you need a business coach for your company. If you're stuck in a rut and can't get out of it, that's the first and the most significant indication that it's time to get a coach.
You may assess the situation and create a strategy for getting your team back on track more professionally with the aid of a business coach. They can assist you in determining areas that need improvement and develop procedures and methods to enhance teamwork.
The reason that you've read this much explains how much you're interested to know about hiring a virtual business coach. Keep reading if you want to establish and maintain a smoother, fast-paced approach for your business.
3 Benefits of Using a Virtual Business Coach
A coach can be helpful if you feel stuck, frustrated, or just not moving forward as much as you'd like with your own business. Your coach will assist you in pinpointing your weak points and developing a strategy to move through them.
A business coach can assist you in creating a clear vision and future plan if you are still determining the direction or goals you desire for your company both in the beginning and mid-way. They can assist you in identifying achievable milestones and setting realistic goals with the most professional and skilled guidance.
You can remain disciplined and on track with the aid of a coach. Additionally, they'll provide solutions for overcoming any areas you may be delaying and assist you in identifying them. You may prioritize your responsibilities and concentrate on the ones that are most crucial to your business with the aid of a business coach through the following benefits:
1. Coaching From Anywhere
Both location and traffic are no longer critical due to digital technology. Travel time to and from your appointments won't need to be considered. Using virtual business coaching, you may have meetings anywhere, and mobility concerns won't have to impede your growth.
This saves your time and precious energy to a great extent that you can use on more important matters now. Coaching from anywhere also allows you to contact your virtual business coach in any crucial situation you find yourself in, so you can better solve it at the right time.
2. Greater Flexibility
You can better coordinate your schedule with your coach. Hold your sessions when it suits your schedule so that you may more quickly adapt if there are unplanned setbacks along the route. Along with periodic progress reviews throughout the week, coaches can regularly monitor you via chat and text messaging.
This makes it more likely that you'll stay on course and achieve your goals. It resembles having the coach by your side every day and guiding you through every stage of the process. Greater flexibility also gives you ample choice of the best virtual business coach and your preferred approach that best suits your business needs and requirements.
3. It’s Virtual but Not Impersonal
Virtual and online business coaching also provides the benefit of setting your own boundaries and limitations with the coaching system. You can decide what and how much to share through the technological medium. Virtual business coaching provides you the liberty of receiving the coaching just as you want without getting impersonal.
Digital mediums can effectively help people gain and receive benefits to the extent they want without exceeding boundaries and limitations. You can efficiently learn and take as much as you want from the online business coach without giving much about yourself.
The Bottomline
With times advancing and digitalizing at an accelerating rate, it is best to use online mediums for guidance and assistance. Where starting a business is not easy, maintaining and running it stably is no less. Hiring a virtual business coach gives direction to your business goals and helps you move forward in the right direction. Virtual business coaches assist and indicate the low points that are crucial but should be paid attention to.
If you need a virtual business coach to streamline your business, schedule a call with us today!
Photo credit: Andrea Piacquadio via Pexels
Why Should You Hire a Mentor for Business?
Strategy coaches and business mentors are becoming an essential component that most start-ups and small businesses benefit from. These coaches and mentors have quickly handled difficult tasks that most start-ups struggle with.
It doesn’t matter if your business is a start-up or it’s in the process of leveling up; you need a mentor for your business regardless. However, many companies need to understand how beneficial hiring a mentor is and how their company will be better off when they have a business coach.
To remove these misconceptions, people need to learn more about their advantages, how they can best select one according to their needs, and any other questions they can have about them. This article will answer these questions and show how advantageous mentors can be for your business.
Strategy coaches and business mentors are becoming an essential component that most start-ups and small businesses benefit from. These coaches and mentors have quickly handled difficult tasks that most start-ups struggle with.
It doesn’t matter if your business is a start-up or it’s in the process of leveling up; you need a mentor for your business regardless. However, many companies need to understand how beneficial hiring a mentor is and how their company will be better off when they have a business coach.
To remove these misconceptions, people need to learn more about their advantages, how they can best select one according to their needs, and any other questions they can have about them. This article will answer these questions and show how advantageous mentors can be for your business.
Should I Hire a Business Mentor: Why You Should Consider Hiring One
Many people fail to grasp the utter significance of hiring a business mentor. This is likely because there needs to be more awareness about these mentors; they aren’t rightfully credited for their hard work and effort.
Considering how start-up businesses often find it challenging to manage their tasks, they should consider hiring business mentors.
Advice
When you run a business, you need to understand that it won't always stay smooth sailing. And when those tough times come, you need to be prepared to tackle those problems easily.
It can be difficult to ask for advice and help in specific situations; you would need someone experienced and knowledgeable to handle the predicament well. If you try to solve it yourself, you may be unable to solve it permanently because people need extensive information and experience in this line of work.
Business mentors have seen many similar business predicaments, and they have guided their fair share of entrepreneurs and business owners. Support and advice are crucial for any business; they need to come from a trustworthy source to work and be effective. Any business owner will need professional advice and support if they want to reach their industry’s pinnacle.
Impartiality
Seeing the bigger picture is something that becomes crucial for a business’s success. When you constantly have your mind occupied with the details of any project, you will likely tunnel vision.
Tunnel vision is an alarmingly common occurrence where the person focusing on a task often forgets their surroundings and consequently cannot focus on the bigger picture of the project. When you have been working on a project for a while, you won’t notice how the overall look or functionality of the project isn’t up to par.
When you hire a business mentor, it will offer you fresh advice and insight on how the project as a whole instead of focusing on its individual components. When the mentor hasn't been involved in the project process, they won't have an attachment to it, allowing them to give you unbiased and useful input.
Professional advice and helpful insight will be highly useful, and then you can work out any kinks in your projects to avoid failure.
Focus
When most start-ups launch, they have a clear vision and mission for their company's future, but as they progress and level up, they often get off track and lose focus of their goals. When you’re operating a business, you need to remember your aim and keep on that same track. A business mentor lets you focus on your end goal and make decisions accordingly.
Shifting priorities are natural; you can’t avoid changing your mindset about particular things; you may think differently about your branding techniques, you may develop other formulas for your products, or something different.
However, when you deviate from your aim and change tracks, you will struggle to perform well in the long run and may not achieve as many accomplishments. This is because having a successful business in any industry requires consistency, patience, intention, and reliability, all of which stem from having laser focus.
A business mentor and coach ensure you remember your goals and that you will make each decision conscious of that particular goal. Additionally, they also implement changes that will positively impact the company.
How Much Does It Cost To Have A Mentor?
The cost of hiring a business mentor can vary based on their experience and your requirements in the business. However, the average price range for hiring these mentors is at least a few hundred dollars per billable hour.
How Do I Hire A Mentor?
After deciding to hire a mentor for your business, the more challenging part begins; hiring the right one. Hiring a business mentor is supposed to alleviate your stress and optimize your business, but you need to hire the right one to avail all those opportunities.
But when you hire an improper mentor, you won't have a smooth experience, and you won't likely try again, defeating the purpose of hiring them in the first place.
(If you need help hiring the right mentor, schedule a call with us today!)
Implement the Three C's in Your Hiring Process
As once said, there are three C's of mentorship of any kind; clarity, commitment, and communication. This summarizes your experience with a mentor, especially one you're hiring for your business.
Clarity
Clarity is a significant step you can't overlook because it allows the mentor to analyze and inspect your goals and how you wish to operate your business. If you don't have clarity, you will never be on the same page as your mentor, and it will create serious communication issues.
Commitment
Secondly, you need a committed mentor, someone dedicated and loyal to your business and the company's future. Without commitment, there won’t be enough effort, ultimately putting a strain on your relationship with your mentor.
Communication
Lastly, communication, it's apparent why it's one of the most valuable aspects. You need to establish open communication with your mentor, or else you won't be able to communicate how you wish to operate your business and your goals.
Is It Worth Getting A Mentor?
After reading through this comprehensive guide on how hiring a mentor for your business is advantageous, you should know they are worth it.
They guide, support, and advise you through many complex stages of your business. They also ensure you have an overall smooth sailing experience handling the business.
Bottom Line
To conclude this article: hire a mentor for the better future of your company. Start-ups and small businesses will benefit from these professional mentors the most, and this article discusses some of the key questions most people have when they learn about business mentors. Hopefully, this article cleared your confusion, and you now have a clear concept. If you need help hiring the right mentor, schedule a call with us today!
5 Stages of Business Growth
There are essentially five stages of business growth; Idea, Start-up, Growth, Expansion, and Maturity stages. Business growth is defined as the point in the life of a business where it starts to gain traction, make exponentially increased profits, and the business decides to expand. Business growth is an important aspect of every growing organization’s lifecycle and can be a make-it-or-break-it moment for a lot of companies when they are scaling up.
A business coach is vital in the first couple of business growth stages. Even those companies that have matured have found it extremely advantageous to hire a business coach for their executives. If your firm is seeking a business coach for any stage of growth, consider consulting with us today!
There are essentially five stages of business growth; Idea, Start-up, Growth, Expansion, and Maturity stages. Business growth is defined as the point in the life of a business where it starts to gain traction, make exponentially increased profits, and the business decides to expand. Business growth is an important aspect of every growing organization’s lifecycle and can be a make-it-or-break-it moment for a lot of companies when they are scaling up.
For this reason, it is essential to take the right steps and invest your capital in the right places, which positively impacts your business growth cycle. Choosing the wrong business growth capital could be the difference between a booming business and bankruptcy, which is why hiring a business coach in this situation can be very beneficial.
Business coaches are expert entrepreneurs who have the capabilities to assist you in improving your organization in the long run. There are many benefits to consulting a business coach at this point in a business's lifecycle due to their ability to provide you with a clear path for the future.
Business coaches are an essential addition to your organization because they provide you with a fresh new perspective which can be just the thing you need for your business to excel. In addition to that, they are especially helpful at the earlier stages of business growth. This is because they can help you plan a long-term plan with short-term milestones along the way, maximizing your revenue and profit.
Idea Development Stage
When starting your own business, everyone has to start somewhere, and this is the place to start. In the idea development stage, an entrepreneur is at the point where they are about to start their own business.
This is a very important point in their life as this is the point where they are taking the initial steps, and there are a lot of factors to consider at this point. For this reason, the best place to start is to decide on a proper plan in which direction you want to take your company.
Deciding on and making a proper road plan is vital because it gives a clear picture of the business’s future and will help you navigate through a lot of the confusion.
When planning a business roadmap, make sure that it is as detailed as possible to avoid being overwhelmed by the options offered in the future. Planning a business plan is all about trial and error. The goals and the funding you set might have some flaws, but what is important is that you’re taking that leap.
It is essential to realize that although every business and business plan is different from each other, the goals set that you set must be realistic and achievable. Additionally, it is also vital to realize that a business roadmap is supposed to be dynamic. So as time goes by and your company starts to achieve its milestones, new targets and goals will start to arise. Your roadmap will start to evolve accordingly.
In this stage, there are many factors to consider, such as deciding on the company budget in accordance with taxes so as not to resort to bankruptcy.
Start-up Stage
Once the business roadmap has been set up, now comes the time to implement this. The start-up stage is the next stage of business growth, and this part of the business lifecycle involves testing all the capabilities and ideas you set in your roadmap.
This stage requires you to be flexible and perform changes in your plan on the go. This is because there might be ideas that you might find efficient but realize they don’t work in the implementation stage. If the latter is the case, you should be flexible enough to tweak your plan on the go to facilitate those changes accordingly, which will result in a better business in the long run.
Another aspect of the start-up stage is that at this point, you should look to hire loyal employees who you know will have your back and develop a team that shares your passion and fire to take this business to new heights.
At this point in time, it is especially important to hire the right people who positively impact the workplace atmosphere. This is because this impact will have an effect on what the company stands for, its values, and even its mission for the future, which will define your business in the future. For this reason, hiring employees can prove to be very extensive and impactful at this stage.
Growth Stage
Photo credit: Pexels
Once you have established a well-thought-out game plan and hired a team that suits your company vision and is a positive impact on the workplace, now comes the part of the process where business expansion comes into play.
The concept of business expansion and growth may be delightful to any entrepreneur, but it is important to know that balance is key in these circumstances. There are many variables that need to be balanced when expanding your business.
In order to expand your organization, you must first take a step back and assess your situation. There are many things that have to be taken into account, such as matching the increasing profits and clientele while maintaining the same quality and engagement with your regulars, as well as making sure that your business does not stray from the core values and ideology it set in the beginning.
Expansion Stage
At this point, your business seems to be thriving, with rapid growth across all levels and increased profits, and the expansion stage is when you start to test your limits.
At this stage, you start to understand current marketing and revenue streams in more detail and begin to understand your organization’s worth in the open market.
During the expansion stage, you begin to focus on the big picture and start focusing on different target audiences.
Maturity Stage
Reaching this stage of the business lifecycle means that your business has successfully managed to navigate through the many ups and downs it has to face since its emergence and has now comfortably settled in the market. At this time, business growth mainly involves client retention and pursuing other growth opportunities.
Wrap-up
Business growth is a rather vast topic as it covers the entire lifecycle of an organization. Hopefully, this condensed guide is able to provide some understanding of the basics of business growth and how one should navigate expanding their business throughout their lifecycle. A business coach is vital in the first couple of business growth stages. Even those companies that have matured have found it extremely advantageous to hire a business coach for their executives. If your firm is seeking a business coach for any stage of growth, consider consulting with us today!
Feature photo credit: Pexels
Why Do Businesses Exist?
Most people interact with businesses without even thinking about why they exist. Have you ever wondered what a business is, its purpose, and why entrepreneurs are important for businesses? If so, continue reading this piece, as that is precisely what we will discuss.
Most people interact with businesses without even thinking about why they exist. Have you ever wondered what a business is, its purpose, and why entrepreneurs are important for businesses? If so, continue reading this piece, as that is precisely what we will discuss.
What is a Business?
A business is essentially an organization that is there to provide services and goods to customers on a commercial basis. It is vital to start a business in the right way to ensure its profitability and longevity. The most popular types of businesses are corporations, limited liability companies (LLCs), and sole proprietors.
The concept of business begins with a name and an idea. A great deal of research goes into determining whether the idea would help create a feasible business. Not giving forethought to the feasibility and other important aspects is often the reason why most businesses fail. As you would expect, entrepreneurs have to come up with a business plan before starting their operations. If you need help legally starting your business or with business planning, give us a call today!
For those wondering, a business plan is essentially a formal document that highlights the objectives and goals of a business and lists plans and strategies to achieve them. These plans are especially vital when borrowing capital for starting operations.
Determining the business’s legal structure is vital as business owners need to secure license permits and follow certain registration requirements to start their operations without legal hindrances. It is worth keeping in mind that most businesses are there to generate profits and are commonly referred to as for-profit.
That said, some businesses operate to advance a cause and aren’t there for the profits. These types of businesses are known as nonprofit or not-for-profit. Such entities usually operate as advocacy or political groups, recreational, educational or cultural enterprises, social service organizations, charities, etc. Business activities can be conducted anywhere, be it online, on a physical storefront, or even roadside.
Why do Businesses Exist?
Businesses exist to solve customers’ problems. Some businesses offer services, goods, and solutions to various problems also referred to as consultancy. At its core, every business organization offers its services and products on a commercial level.
However, that isn’t enough as it isn’t as straightforward as it appears in theory. Running any type of business means getting a decent amount of return to earn shares, profit, or power. Businesses are often founded by marketers and entrepreneurs whose primary purpose is to gain money and profit.
Some businesses are also there to polish society by offering valuable services and products to make their life easy. While these are mostly positive, they can be positive as well. The points mentioned below further clarify why businesses exist:
Businesses often drive innovation across the globe through various developments and in-depth research.
Businesses create employment opportunities and help people develop skills for different markets and industries.
They create wealth by offering a return on investment.
Some businesses vastly contribute to improving their nation’s infrastructure.
Businesses are there to offer people value and convenience in return for their money.
Different Business Sizes
Small Businesses
Small businesses are small owner-operated companies that are usually managed by one individual or a group with less than a hundred employees. Such companies usually include publishing, books, clothing companies, small manufacturers, and family restaurants.
Mid Sized Businesses
While there is no particular specification to define mid or medium-sized businesses, they usually include companies with over one hundred employees who earn around fifty million dollars in their annual gross sales.
Large Businesses
In most cases, large businesses have over one thousand employees and gain around fifty million dollars to one billion dollars or higher in their gross receipts. These businesses can issue the corporate stock for finance operations if they are publicly traded.
Why are Entrepreneurs Important for Business?
Entrepreneurs come up with business operations and functions. In most cases, they create the business and hire professionals to take care of their company’s various departments like sales, human resources, marketing, etc. Entrepreneurs are usually considered national assets that can be motivated, remunerated, and refined to a high extent.
Businessmen can change the way people work and live. If they are successful, they can massively improve the standard of living of a large number of people, perhaps even a nation. Besides using their entrepreneurial journey to create wealth, entrepreneurs also create jobs and conditions that could help the economy flourish.
Places with high entrepreneurship levels often show excellent levels of productivity and output. On the other hand, regions that lack entrepreneurship capital often generate low levels of productivity and output. Believe it or not, entrepreneurship capital is quite strong compared to knowledge capital.
The Main Role of Entrepreneurs
Entrepreneurs play a vital role in the development and formation of businesses. They:
Identify business opportunities.
Help create and grow new business enterprises.
They take calculated risks for potentially gaining returns in the future.
Final Thoughts
Knowing why businesses exist makes it easy for entrepreneurs to do certain tasks like making decisions, identifying customers, choosing employees, etc. This knowledge can significantly increase your chances of success in the business landscape.
At their core, businesses exist to offer value to satisfy society’s needs while making a profit in the process. The more value a business offers, the higher the likelihood there is of flourishing. It is also worth keeping in mind that companies must be able to generate profits in order to continue. These profits help cover costs and incentivize business owners to take their ventures to new heights. If you are an entrepreneur in need of guidance, want to avoid common pitfalls, and excel your business growth and revenue to the next level... contact us for a consultation today!
3 Business Coaching Tips for Women
It’s no surprise that the gender gap exists in different areas of society, and business leadership is no exception. Businesswomen face many hurdles on their road to success and will often have a harder time achieving their goals than businessmen.
This primary issue makes it vital to coach female leaders, especially when the business world is moving fast. Running a business requires a lot of patience, and it only gets more challenging as the business matures. But, there is more at play when you are less supported due to stereotypical roles, etc.
Despite these troubles and hurdles, the right leadership coaching approach can help women reach their goals. Learn more!
It’s no surprise that the gender gap exists in different areas of society, and business leadership is no exception. Businesswomen face many hurdles on their road to success and will often have a harder time achieving their goals than businessmen.
This primary issue makes it vital to coach female leaders, especially when the business world is moving fast. Running a business requires a lot of patience, and it only gets more challenging as the business matures. But, there is more at play when you are less supported due to stereotypical roles, etc.
Many barriers that stop women from sharing their creative brilliance in the business world are external. Raising awareness and creating equal opportunities can help ease the struggle that they face to a great extent. However, other challenges arise from society’s view of women’s social responsibilities and status.
Despite these troubles and hurdles, the right leadership coaching approach can help women reach their goals.
What do Female Business Owners Struggle With?
All business owners dream of becoming successful and expanding their businesses. While it is an achievable goal for many, women often need to work harder since they face more challenges with time. Some of these struggles are big, while others are more subtle, yet they contribute to significant problems.
Here are some challenges that female business owners struggle with quite often.
Unequal Treatment
Moving up the corporate ladder can be a lot harder when you’re a woman. Female employees in most companies often have fewer opportunities and struggle to get promotions for the effort they put in.
Lack of Mentorship
Support is essential for all business owners, whether it is in the form of sponsorship or mentorship. Unfortunately, women are not usually offered the support they need to develop as leaders. This is where acquiring the help of a business coach can be valuable. If you are seeking an experienced business coach to help you through hurdles, schedule an appointment with us today!
Other Internal Hurdles for Female Leaders
Imposter Syndrome: It is common for men to over-inflate their achievements, while women tend to downplay them.
Rumination: Women often ruminate when met with failure or criticism.
How Do You Coach a Female Entrepreneur?
While inequality exists, more individuals and organizations strive to make their businesses friendlier to women.
Although many people are aware today, they still compare women-owned businesses with men-owned businesses. So, coaching female entrepreneurs becomes all the more important. But how do you coach female entrepreneurs the right way?
Coaching women for entrepreneurship involves helping them become grounded, setting clear goals, and picking a strategy for their business. But that’s not all; it should also involve honoring the process and celebrating small successes.
3 Business Coaching Tips for Women
Business coaching allows women to find the best approach to achieving their goals. It helps identify problem areas and develop a business strategy accordingly, while coaches can help entrepreneurs better visualize their plans.
Additionally, coaches work with business entrepreneurs to address specific challenges to ensure improvement and growth.
1. Build a Solid Business Foundation
Making your business successful is not easy, especially when you have to deal with extra challenges as a woman. During their journey, they face situations that force them to give up. Other times, men-owned businesses try to bring businesswomen down with different tactics.
Believe it or not, a solid business foundation guarantees both short and long-term success while strengthening the business to tackle challenges effectively. A good strategy is to leave no room for loopholes. So when starting a business, female entrepreneurs should ascertain proper paperwork.
Make sure to have all the licenses you need for your business. Additionally, learn about different tax laws so that your business is credible and legal from all aspects. (Here is a helpful checklist for starting a business properly.) It doesn’t end there. You should focus on branding and creating an impressive public reputation.
2. Build Your Team
Building a team will have several benefits for your business, such as increased productivity and improved collaboration. The team building’s main purpose is to build a strong unit of employees. A cohesive team creates a healthy work environment, while collaborative teamwork makes it easier to solve problems.
So, build a strong team with the same vision to encourage faster growth. After all, teamwork promotes a sense of ownership among employees that increases responsibility and accountability among them.
Before your business focuses on making a profit, you should look for trustworthy employees who can contribute to its success.
3. Align Your Marketing Strategies with Sales Goals
Many businesses fail because their marketing and sales goals do not align. While they are two separate departments, they shouldn’t be completely out of touch. In fact, you’ll only attain as many sales as the effort you put into the marketing plan.
Many women-led businesses struggle with sales because they do not naturally attract consumers like male-led businesses. In fact, many consumers still prefer men-led businesses, despite the awareness of equality.
So, make sure to use the right marketing tactics to promote exactly what you‘re selling in the best manner. Avoid using elements that can mislead customers, and don't hesitate to spend money on marketing.
BONUS TIP: Hire a Business Coach for Any Areas of Help
Running an entire business alone is not easy, as so many things require your attention at once. Often, you will feel like you’re pulled in multiple directions, making it hard to do anything right. Business owners often feel stuck at some point when trying to handle everything alone.
But, the right support can make all the difference. Whether you want to level up or are struggling, or facing trouble, a business coach can provide you with a blueprint to success. They help create a smooth plan, address challenges, and provide professional and personal growth opportunities. If you are seeking an experienced business coach to help you through hurdles, schedule an appointment with us today!
Conclusion
Running a business is challenging, and it only doubles the trouble when you’re a woman. Women face unique challenges in all industries, and entrepreneurship is no different. From inequality and lack of support to imposter syndrome, several problems exist to prevent success and growth.
A business coach acts as an advisor to create a business plan, identify problem areas and make improvements. As a businesswoman, some top tips for you include building a solid foundation, building a team, and aligning marketing strategies with sales goals. For help with any of these aspects, we are available to help!
Is It Worth It to Hire a Business Coach?
Are you an entrepreneur who wants assistance in making your business grow? If yes, then you can get help from a business coach. Their valuable advice and suggestions can help you improve your productivity and efficiency.
Business coaches are professional counselors with experience in starting new businesses, expanding and scaling your organization, and dealing with various entrepreneurial challenges. Their mentorship and guidance can assist you in starting, improving, and growing your business.
Of course, the first thing that comes to mind as an entrepreneur or small business owner is the cost of a business coach. Since you have fewer resources, you should spend them wisely. We will go over the average cost and benefits of hiring a business coach. But before that, let's start by understanding the role of a business coach.
Are you an entrepreneur who wants assistance in making your business grow? If yes, then you can get help from a business coach. Their valuable advice and suggestions can help you improve your productivity and efficiency.
Business coaches are professional counselors with experience in starting new businesses, expanding and scaling your organization, and dealing with various entrepreneurial challenges. Their mentorship and guidance can assist you in starting, improving, and growing your business.
Of course, the first thing that comes to mind as an entrepreneur or small business owner is the cost of a business coach. Since you have fewer resources, you should spend them wisely. We will go over the average cost and benefits of hiring a business coach. But before that, let's start by understanding the role of a business coach.
What is a Business Coach?
Business coaches are experts who offer guidance and mentorship to entrepreneurs and small business owners. These professionals can help you resolve issues, help you expand your business, and offer specialized knowledge about the industry.
Different entrepreneurs might have different goals for their businesses. Some might focus on improving their current operations to become more efficient, while others might focus on expanding their horizons.
According to Amy V. Cooper, "A business coach will help you see opportunities for your business that you are unable to perceive due to your lack of exposure to the industry." No matter what your goals are, business coaches can help you achieve them.
The ideal business coach will understand your objectives and help you develop a strategy accordingly. They will provide valuable suggestions and give you a roadmap with actionable steps. Below are some responsibilities of a business coach:
Providing entrepreneurs with actionable plans and strategies.
Monitoring growth and identifying core areas that need improvement.
Keeping entrepreneurs motivated and dedicated to their goals.
Helping entrepreneurs scale their business.
Examining the reasons that have contributed to business growth.
Establishing performance metrics to understand the growth rate of the business.
Coordinating with entrepreneurs to understand their aims.
Assisting entrepreneurs in using their skills to make better decisions for the business.
What Are the Benefits of Having a Business Coach?
Having the right business coach by your side can give you various benefits. You can spend your money wisely to seek guidance from other people and avoid mistakes that other people make.
Gabrielle Ianniello says, "As someone who's spent over $50,000 on coaching, masterminds, retreat programs, and courses, I can confidently say that every dollar I spent was worth it." Let's go over the benefits of having a business coach.
Gives You a Clear Idea
You might run out of good ideas when starting or expanding your business. But even if you can come up with good ideas, you might have a difficult time coming up with a perfect plan to execute them. That is where the business coach comes into play. Business coaches give you a clear idea by developing a robust short and long-term plan.
These professionals have helped various companies in your industry grow and scale their businesses. Therefore, they can inform you about the mistakes many businesses make along their journey. You can learn from their experiences to know the best strategies to develop for your business.
Gives You More Confidence
As an entrepreneur, you might encounter setbacks that can make up for less confidence when making business decisions. It is especially the case for female entrepreneurs since they might have a lot of things going on in their business and personal life.
The business coach can give you the encouragement you need to steer out of tough times. They will give you the confidence you need to be a leader. As a result, you will be more confident about your business decisions over time.
Opens Up New Avenues
Professional guidance from a business coach can help you identify new opportunities and explore new avenues. These opportunities might not have crossed your mind, but an experienced business coach can help you spot them.
The business coach can guide and let you know how to deal with them. As Aisha Allen said, "Hiring a business coach is like typing a cheat code into your life. You can accelerate through many business pains exponentially."
What Is the Average Cost for a Business Coach?
Since entrepreneurs and SMEs (small and medium-sized enterprises) don't have a huge budget, they might wonder about the average cost of hiring a business coach. We have estimated rates of some top business coaches, and you can easily hire one between $75 to $300 per hour. On average, it can cost you around $200 per hour.
The rates will vary depending on the business coaches' skills, experience, and capabilities. Also, some business coaches might charge a per-hour rate, while others can offer you a customized package. You can choose any one of the options which are suitable according to your budget.
The business coach will analyze your business requirements, objectives, etc. This way, you can know how many sessions you need to implement the business plan. Below are the rates of some well-known business coaches.
Mangla Sachdev (Rate: $75-120 per hour)
Angel Miller (Rate is: $125 per hour)
Amy V. Cooper (Rate is: $222 per hour)
Katie Chic (Rate is: £145)
Spending money on business coaches can help you get a clear direction. Regina Coley said, "A business coach will help female business owners get out of their heads, get clear on what they sell, and start generating revenue." So, the investment entrepreneurs spend will help their businesses grow quickly.
Is It Worth It to Hire a Business Coach?
The answer to this question by a reputable business coach Mangla Sachdev is, " You should have a coach for the attracting the first few clients stage of your business because that's the part where motivation and accountability matter most."
A business coach can give you proper guidance to scale your business in the long run. You can benefit from their experience and learn how to take your business to the next level. Most importantly, female entrepreneurs can have the right direction when starting their own business with the help of a business coach. If you're in the market for a business coach to guide your business to success, schedule a consultation to get started today!
What is the Average Cost of a Business Coach?
Business coaching is available in a variety of forms like advisory boards, coaching programs, and one-on-one business coaching programs. The coaching program best suited for an entrepreneur’s particular needs will depend on how large their enterprise is, along with other things like budget. The cost of business coaching can greatly vary, depending on an individual’s needs and the specific coach they choose.
Nevertheless, this piece will discuss important points to help experienced and aspiring entrepreneurs determine coaching costs and other important considerations when choosing a coach.
Business coaching is available in a variety of forms like advisory boards, coaching programs, and one-on-one business coaching programs. The coaching program best suited for an entrepreneur’s particular needs will depend on how large their enterprise is, along with other things like budget. The cost of business coaching can greatly vary, depending on an individual’s needs and the specific coach they choose.
Nevertheless, this piece will discuss important points to help experienced and aspiring entrepreneurs determine coaching costs and other important considerations when choosing a coach.
What is the Average Cost of a Business Coach?
Business coaches usually charge around $1,000 to $5,000 per month. However, these costs are not definitive, and some coaches may charge a lower or higher amount. Other factors also influence the amount a business coach could charge. This includes the type of coaching option you are looking for, the duration you hire the business coach for, etc.
What is a Fair Price for Business Coaching?
As mentioned abundantly, the business coaching costs can vary significantly. It would be fair to compare it to walking in a supermarket to buy ingredients for a fruit salad but not knowing which option you should choose. Business coaching and the costs associated with it are more or less the same. On average, a business coach may charge you around $100 to $400 for a one-hour session.
Of course, the charges are niche and industry-specific, and you can’t learn about their rates until they specifically tell you about them. The experience of the coach also makes a difference in the amount they charge their clients. If a coach is experienced, $250 to $350 per hour would be a fair price. (Here is more insight on pricing.)
It is worth keeping in mind that high coaching fees don’t always equate to high quality. Many coaches tend to over-inflate their prices, and it's important to look out for them and compare prices before you finally acquire a coach’s services. In some cases, business coaches tend to hide their costs until you are ready to commit. They usually do this, so you cannot object to their rates later on.
It would be best to avoid paying big bucks to a coach who cannot do what they say. This is why it’s important to choose someone who has a reputation, especially in your particular industry. You would be surprised to learn that there are plenty of exceptional business coaches out there who are great at their job and charge half the amount of coaches who aren’t. If you are seeking a great business coach with reasonable pricing, we charge $250 for the kickoff session. If interested, schedule a consultation with us today!
Entrepreneurs must also consider that a good business coach could help them make massive sums of money in the long run. So, if you think a coach is worth their services and can help take your enterprise to new heights, paying a higher fee may not be a bad idea.
How long should you have a Business Coach?
The amount of time you should have a business coach depends on your particular goals and needs. If your entrepreneurial journey has just started, it would be best to get business coaching for five to six months. In some cases, business owners even take regular coaching for more than a year.
However, if you have been in the business landscape for a long time and just need a refresher course, it would be best to hire a business coach for two to three months. Once again, the length of time you want a professional to coach will depend on your requirements, skills, entrepreneurial needs, etc.
The Recent Rise of Female Entrepreneurs
Almost 50 years ago, the mere idea of female business owners seemed incredibly ambitious and, to some people, downright impossible. Now, however, things have changed greatly as more and more women are becoming leading entrepreneurs.
You would be surprised to learn that female entrepreneurs are heavily involved in redefining different industries like media, healthcare, marketing, etc. It would be fair to say that they are climbing, if not smashing through the glass ceiling that was once thought to be impenetrable or unreachable. So, if you are a woman and want to become a successful entrepreneur, now is the best time to consider getting a business coach to help guide you.
Pitfalls to avoid and what to look for in a Business Coach
While there is no shortage of business coaches available these days, choosing one can be a challenge, especially if you are doing it for the first time. Mentioned below are a few tips and pitfalls people must avoid to make sure they choose the right coach.
High Costs Don’t Necessarily Mean a Good Coach
While most of the experienced coaches out there charge relatively high sums, it is not a determinant of whether a coach is good. You would be surprised to learn that there are plenty of excellent coaches that offer their services for incredibly reasonable rates. If possible, consider asking coaches for a few demo classes to get an idea of how good they are.
More often than not, if a coach believes in their abilities, they will be more than willing to give you a brief showcase of their skills and expertise.
Choosing a Coach That Doesn’t Have Experience in Your Niche
People often make the mistake of choosing a coach that doesn’t have experience in the particular industry or niche they are involved in. For instance, if you run a clothing brand, the last thing you should do is hire a business coach who doesn’t have any experience or exposure in the clothing industry. Sure, some coaches might be able to convince you that they can set your business up for success, but they may not be able to follow through.
Hire Someone Who Pays Attention to Detail
The main task of a business coach is to help entrepreneurs improve their managerial skills and ensure they can make their business successful. This is why it is important to hire a consultant who has excellent judgment, analytical skills, and attention to detail. Coaches must also be able to monitor how their clients do things and offer suggestions to ensure they can make the right adjustments.
Now that you are equipped with the average pricing and a few pointers on what to look for in a business coach, it's time to seek out one that best suits your business. If you're seeking a business coach, schedule a consultation today so we can propel your business to the next level!
You Need a Strategic Business Coach for Your Business, Here's Why!
Managing your own enterprise can feel quite overwhelming. This is especially true for those who are doing it for the first time. When you are busy every single day, it is difficult to determine whether you are following the right approach to achieving your goals. This is why it is worth keeping in mind that you don’t have to do everything yourself, and getting support from a reliable business coach could help.
Managing your own enterprise can feel quite overwhelming. This is especially true for those who are doing it for the first time. When you are busy every single day, it is difficult to determine whether you are following the right approach to achieving your goals. This is why it is worth keeping in mind that you don’t have to do everything yourself, and getting support from a reliable business coach could help.
Whether you want to take your business to the next level or you are facing certain challenges, the expertise of a business coach could offer you the right blueprint to reach your targets. You will gain the skills, insight, and tactics required to achieve personal, financial, and professional growth. We will discuss those attributes in-depth in this article.
What Does a Business Success Coach Do?
Business coaches are professional mentors who motivate, educate and support business owners. These coaches also offer educated suggestions about a company’s goals, growth, and vision. Experienced business coaches can create, prioritize and implement certain strategies to help take your enterprise to new heights.
These coaches perform a wide array of duties, some of which include:
Analyzing plans that contributed to the failures and/or success of their client’s business.
Keeping a close look at business growth and creating methods to improve.
Offering guidance to clients regarding strategy and growth.
Helping business owners grow their companies in a sustainable manner.
Assessing the weaknesses and strengths of their client’s enterprise and helping them develop entrepreneurial skills.
Understanding the goals and vision of their clients.
Keeping business owners motivated and accountable.
Offering advice to clients regarding strategies and new plans.
What is a Business Strategy Coach
As the name implies, a business strategy coach offers helps entrepreneurs create well-thought-out strategies for their brands. One of the common issues most business owners face these days is a lack of clarity. If you have trouble with this issue as well, it would be best to acquire the services of a business strategy coach. Once they are on board, they will evaluate the current state of your enterprise and ask you about your goals, aspirations, target market, unique value propositions, etc.
Doing so helps them determine how far or close you are from achieving your goal and whether your plans are sustainable. From there, they will create a well-thought-out strategy to help your business grow.
What is the Strategic Coaching Model
All forms of coaching prioritize people’s goals and what they aspire to achieve. The strategic coaching model helps you set your business priorities straight to ensure you can get desirable results in your business journey. In this model, business owners get thorough guidance from strategy coaches who help them with the following things:
Defining their particular vision and determining what it would take to reach their targets.
Determining the right style of leadership.
Analyzing leadership behaviors and adjusting them for maximum growth.
Confronting any kind of limiting beliefs holding entrepreneurs back.
Developing important leadership behaviors.
Measuring results to determine whether you are on track and strategizing accordingly.
What is the Difference between Executive Coaching vs. Strategic Coaching?
The main focus of executive coaching is on the decision maker, making sure they become competent leaders who can benefit their organization. Executive coaches are in for the long haul and provide one-on-one tips to their clients, helping them improve their organization. The main objectives of executive coaching are as follows:
Getting the most out of the coached individuals in professional and personal terms.
Offering leaders practical tools for achieving their personal objectives and organizational goals.
Strengthening skills.
Executive coaches mainly focus on individuals because they prioritize improving leadership quality, which in turn has a positive impact on the organization’s results. This type of coaching is especially suitable for large companies compared to smaller ones. Besides an enterprise's main leaders, executive coaching can also be quite beneficial for low-level leaders like departmental managers and maximize their performance.
Strategic coaching, on the other hand, includes a series of detailed planning sessions where executives and business owners learn about strategies specially crafted for making their organization more competent and successful. The main priority of strategic coaches is to develop a plan to drive growth and improve an enterprise’s processes.
The main theme of most strategy coaching meetings is “what’s the next step” The answers usually consist of sustainable steps that can be readily implemented to achieve certain objectives.
What is the Difference Between a Coach and a Strategist?
Business coaches are professionals who know the right questions to ask for prodding and prompting business owners to determine the best solutions. Instead of doing it all for you, they play the role of a mentor and act similar to a sounding board, holding you accountable, listening to the problems you encounter, and helping you go in the right direction.
Strategists are more focused on the big picture. They look at where their clients came from, their current position, and what they want to achieve. These professionals evaluate their client’s foundation, looking for weak spots or cracks and making sure their business is durable in the long and short run.
Summary
One of the best things about acquiring a business coach’s services is that they make sure you don’t get sidetracked. Building an enterprise, especially from the ground up, can be quite tricky. This is particularly true for startups. More often than not, people tend to become overwhelmed by the various problems they encounter.
In addition, business owners also get quite easily distracted when there are loads of opportunities in front of them. This is where a business coach’s help can come in quite handy. Besides asking you the right questions and pointing you in the right direction, these pros know what it takes to give their clients clarity. They do this by defining their client’s vision and helping them work toward their targets one step at a time. If your enterprise seeks a qualified and experienced business coach, schedule a consultation today!
How to Start a Business in Richmond, VA?
Are you thinking of starting a business in Richmond, VA? Anyone who's ever wanted to start their own business knows that it's not as easy as it seems. There are so many details to think about, from the initial planning stages to the day-to-day operations. If you're looking to start a business in Richmond, Virginia, here are some tips to help make things a little bit easier.
Are you thinking of starting a business in Richmond, VA? Anyone who's ever wanted to start their own business knows that it's not as easy as it seems. There are so many details to think about, from the initial planning stages to the day-to-day operations. If you're looking to start a business in Richmond, Virginia, here are some tips to help make things a little bit easier.
Steps to start a business in Richmond, Virginia
As a business coach located in Richmond, I get asked this question often by my local clients. Therefore, I have decided to share a comprehensive guide of steps I advise my clients. Following these steps will help you avoid pitfalls later on. If you need help with any (or all) of the steps mentioned or the paperwork involved, schedule a consultation with me. I would be happy to help you!
1. Create a Business Plan
A business plan is a roadmap or blueprint for your company, forecasting how it will make money, expand, and factor for unforeseen events. Most entrepreneurs need help in this department, and hiring a business coach can help propel this most important process. Working with a business coach can help accelerate various areas of the business, such as helping with creating a business plan, brand building, establishing a marketing and sales strategy, consultant recommendations, growth strategies, financial savvy, hiring employees, taxation, and more.
2. Decide on a Legal Structure
The most common legal structures are sole proprietorship, limited liability company (LLC), and corporations. Here is a breakdown of each:
Sole Proprietorship is the easiest legal entity to structure as it is tied to the business owner's personal social security number. This is an ideal business structure for hobbyists getting started and who are not quite sure what the business will grow into. I recommend this as a temporary business formation for entrepreneurs just getting started.
For example, sole proprietorship formations are great for sharing-economy businesses such as Uber, Airbnb, TaskRabbit, and Upwork. The business owner benefits in this business formation as registration paperwork and fees are significantly reduced (or nonexistent in some states). More importantly, the time to launch is much faster. Sole proprietors can file their business income with their personal taxes.
However, the drawback here is that any legal liability falls on the business owner. For example, if a general contractor uses a sole proprietorship business formation and is found negligent for expensive damages on a job site, they can be held personally liable for any legal actions. With the below-recommended formations, the legal liability falls onto the company entity and not the business owner.
Limited Liability Company (LLC) is a business entity formation where one or more business owners can form a business. LLC business owners are legally protected from legal liabilities as the responsibility falls onto the company.
A Corporation is a legal business entity where one or more business owners can form a business. There are two more common variations in the formation status, including S Corp and C Corp. According to Nav, "the biggest difference between C and S corporations is taxes. C corporations pay tax on their income, plus you pay tax on whatever income you receive as an owner or employee. An S corporation doesn't pay tax. Instead, you and the other owners report the company revenue as personal income."
Schedule a consultation with me to determine which legal formation is best for your company.
3. Choose a Business Name
Now that you know more about which business formation to go with. It's time to pick a business name. The key is to aim for a unique name! First, search to see whether the legal business name is already registered on the Virginia State Corporation Commission (SCC) website.
4. Create an EIN (Employer Identification Number)
An employer identification number (EIN) is like a social security number for your business. You can obtain this nine-digit number for free with the IRS here. You would need your legal structure, business name, and business address to set this up.
5. Open a Business Bank Account
The minimum criteria for opening a business account in Virginia are:
Legal formation letter from Virginia SCC; i.e., Articles of Incorporation, Articles of Organization, etc.
EIN letter from the IRS
Legal business name
Key business owner(s) information
Minimum deposit (varies by bank)
This is a broad answer. However, for my one-on-one clients, I personally recommend the best banks to establish a business bank account. Schedule a consultation with me to gain access to this exclusive list.
6. Establish a Virtual Address
I personally recommend setting up a virtual address if you don't (or won't) have a physical address. For safety and professional reasons, update your business formation documentation with your business address.
Why? By law, your business address can be published on the Virginia SCC website. There are other "web scrapers" that scrape the internet and post to their websites without your permission. (Of course, you can request they take them down, but finding them all is a cumbersome endeavor.) More importantly, if you register your business with your home address, it can potentially have harmful effects. See this case in Chicago where sole proprietors who applied for PPP loans had their home addresses exposed by the Small Business Administration (SBA).
Schedule a consultation with me for the best virtual address providers.
7. Apply for Virginia Licenses and Permits
What licenses are needed to start a business in Virginia? If your business plans to sell goods in Virginia, you must register with the Department of Taxes (DOT) and collect state sales taxes. Additionally, if your company has employees, you must register with DOT and withhold state taxes. You can register with DOT here.
For businesses in health & safety, the environment, building & construction, visit here for regulatory licenses and permits.
For businesses seeking professional and occupational licenses, visit the Virginia Department of Professional and Occupational Regulation (DPOR) website here.
Licenses and permits are generally not required for online-only businesses based in Virginia.
8. Secure a Business Location
If you plan to have a physical location, ensure you check the zoning laws for your business. Schedule a consultation with me to gain access to zoning information, including for home-based businesses.
If you established a virtual address, be sure to switch your physical business address on all important documents.
9. Report and File Taxes
Now that your business is properly set up, prepare for reporting taxes. Based on your legal structure, your company will have to file taxes in different ways. Schedule a consultation with me to learn how to save on filing taxes at the state and federal levels.
Frequently Asked Questions
Here are more questions my clients ask...
How much does it cost to register a business in Virginia?
If you are asking how much does it cost to start a small business in Virginia, fees vary based on your legal structure. For example, annual fees for LLCs in Virginia are $50. Fee details can be found here.
How much is a business license in Richmond?
Businesses generating gross receipts between $5,000 through $100,000 pay a $30 annual license fee. Businesses generating less than $5,000 in gross receipts do not pay a license fee. Fee details can be found here.
How do I start my own business in Virginia?
In summary, follow these strategic steps to start a business in Virginia:
What else is needed after starting my business in Virginia?
There are other important things needed, such as establishing a business phone number, getting listed in 411 directories, establishing business credit, and much more. Consulting with a business coach gives you a roadmap of these unforeseen endeavors, and they help you accomplish those goals.
If you're thinking of starting a business in Richmond, VA, it's important to do your research first. There are a lot of resources available to help you get started, and I'm happy to help guide you through the process. Schedule a consultation with me today so we can discuss your business idea and how I can help make it a reality.
Business Coach for Female Entrepreneurs
Starting a business can be challenging… succeeding, in the long run, can be even more of an endeavor. According to statistics, nearly 20% of small businesses fail within the first year. By their sophomore year, 30% of small businesses would have failed. After year five, 50% of businesses fail. Research also revealed that 70% of small businesses fail after ten years in business.
However, don’t fret about these figures as the path to success can be had with the right business coach to help guide you! Having an advisor who can help you avoid pitfalls offers a competitive advantage.
Starting a business can be challenging… succeeding, in the long run, can be even more of an endeavor. According to statistics, nearly 20% of small businesses fail within the first year. By their sophomore year, 30% of small businesses would have failed. After year five, 50% of businesses fail. Research also revealed that 70% of small businesses fail after ten years in business.
However, don’t fret about these figures as the path to success can be had with the right business coach to help guide you! Having an advisor who can help you avoid pitfalls offers a competitive advantage.
Business Coach for Female Entrepreneurs
My name is Shatara Price, the proprietor behind TJ The Creative, a boutique brand development and business consultancy that helps female entrepreneurs and new businesses thrive through foundational success. I provide my client’s clarity and a renewed passion for their dream.
“Build your empire on the firm foundation of the fundamentals”
-Lou Holtz
In my entrepreneurial endeavors, I went from working a corporate job as the “Jack of all trades” to using my talents to help other small business owners excel by properly setting up their foundations. In my journey, I learned that a solid business foundation is a key to which you build your business. Very similar to constructing a home, the foundation must be solid in order to build upon.
Why Work with a Business Coach & Mentor?
In today’s fast-paced world, uncertainty and change are the norms. It can be hard to keep up when you’re constantly being stretched as an entrepreneur or running your own company in new ways every day. That’s why it pays off so much if you have someone who has been where you want to go and knows what success looks like. A business coach will know how to approach these challenges ahead of time while also helping guide decisions along the way.
Working with a business coach and mentor is the fastest way to expand your reach. Whether you’re new to entrepreneurship or running an established company, working together can help break through those scaling stages of growth for any entrepreneur who wants it.
Is it Worth it to Hire a Business Coach?
Absolutely yes! We’ll let you in on a secret. Most successful, high-net-worth individuals have hired a business coach at some point in their journey.
The right business coach can motivate you to do more, which means that they would hold the business owner(s) accountable for completing certain tasks within a specified time frame.
The business coach will ask the tough questions such as;
What is your business plan strategy?
What is your marketing strategy?
What is your branding building strategy?
What is your sales strategy?
What is your financial strategy?
How much will you reinvest into the business for growth?
Do you have a plan for growth pain points (hiring/firing employees)?
Do you have a plan for taxation, employee compensation, and benefits?
And these types of questions are the tip of the iceberg. Many entrepreneurs may not initially know the answer to some of those questions. However, after successful coaching sessions, they will have a clearer answer and have contingencies in negative outcomes.
Why Work with a Female Business Coach?
Most of my female clients love to work with me for the obvious reason… I am a woman who, too, shared the same struggles all woman-owned companies face. Two of the greatest challenges we face are the gender gap and confidence.
According to a recent survey conducted by the Census Bureau’s Annual Business Survey, women-owned businesses that employed people made up only one-fifth of the total workforce in the United States. Although the year-over-year percentage is rising slightly, it presents a fundamental challenge for women starting businesses.
In a report conducted by the Global Entrepreneurship Monitor, the gender gap represents nearly 10% among businesses from a global overview. The same report also indicates, “Women reported having lower confidence levels than men in their capabilities to start a business.”
Historically, many female business owners lack confidence in their daily decision-making. Working with a female business coach who has experienced those same fears and pitfalls encourages the notion that you are not alone. Nor are you the first (or the last) to experience those uncertainties. Together, we can conquer your business objectives!
Having an active business coach can help with the most challenging obstacles female business owners face. Coaching holds the business owner(s) accountable and helps with execution. A lot of time and missteps can be avoided when working with a professional that can quickly recommend proven resources such as marketing firms, sales forces, accountants, etc.
Ready to Build your Business?
If you are seeking a business coach for female entrepreneurs, you have found the correct professional! Please book some time for a one-on-one consultation.
Brand Building Services
Brand building is an essential marketing tool to build your company. Our brand building services evaluate your company’s fundamentals to create a memorable brand for customers.
What is brand building? It’s the process of using marketing strategies to enhance a company’s relevancy, form its reputation and boost visibility in the marketplace. This can be considered one strategic priority that impacts growth in general as well as profitability for the entire business.
In order for a brand to build its presence, there are some vital elements necessary, including…
Brand building is an essential marketing tool to build your company. Our brand building services evaluate your company’s fundamentals to create a memorable brand for customers.
What is brand building? It’s the process of using marketing strategies to enhance a company’s relevancy, form its reputation and boost visibility in the marketplace. This can be considered one strategic priority that impacts growth in general as well as profitability for the entire business.
In order for a brand to build its presence, there are some vital elements necessary, including:
Memorable company name
Company logo and/or logo symbol
Slogans or taglines
Brand style guide (which can include typography, fonts, and colors palettes)
Brand messaging and tone
Marketing strategy (including advertising, website, copy, social media, lead generation, etc.)
The key to brand building is building trust. Consumers are more likely to spend money with a brand they trust versus spending money with a company they aren’t aware of. So we strive to build a trustworthy footing for your company.
TJ The Creative can assist with the following brand building services:
First, we start with a one-on-one Branding Discovery Call to learn more about your business, where your business is positioned today, and where you desire to be in the future. From there, we use the aforementioned bullet points to craft a roadmap for how to build your brand. Furthermore, we evaluate your business with competitors as well as conduct market research to equip your foundation better.
Logo Design
Next, we can assist with logo design. Your logo is the face of your business. It’s what people will see and associate with your company, so it’s important to make sure it’s just right. Whether you need help getting started from scratch or want some tweaks and edits to an existing design, we can help.
We’ll start by having a 30- minute planning call with you to get an idea of your vision. Then, we’ll create two digital mockups for you to choose from. Once you’ve selected your favorite, we’ll make any additional edits you may need. Finally, your logo will be delivered in an editable format and sized to standard logo sizes, ready to use on all your marketing materials.
Branding Kit
And for those companies who require physical prototypes of products, we can help in that respect as well. Our prototype design kit offers you the perfect opportunity to show off your new product idea and finalize your brand identity. In addition, you can create a professional and persuasive presentation with ten samples among the three recommended manufacturers we provide.
Help With Everything Shipping
Many new business owners need guidance on building a brand around their shipped goods. We offer a service to help in guiding your company on the correct path while avoiding pitfalls. Our shipping branding services help design the following:
(1) Poly mailer mockup
(1) 5×7 marketing mailer
(10) Business Cards
(1) Clothing tag mockup
This includes all custom design work for business cards and mailers, color pallet compliments for packaging, and recommended parcel sizes for shipped items.
Marketing Kits
A marketing kit is important for a business to differentiate itself in the marketplace. Ideally, a marketing kit should include your company’s story, your products and/or services, a client list (if applicable), client testimonials (if applicable), and possible case studies of how your firm help solve problems. TJ The Creative can assist in creating such a brief on your company’s behalf.
Make A Sample
Lastly, we can assist in creating a sample from a prototype. We offer a single design item that manufacturers recommend. It is only available in one color. This product sample is perfect for those who want to produce a professional and creative presentation.
In summary, we desire to elevate your company with our brand building services to make a lasting impression and foster a solid trustworthy brand.