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.
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.