One of the biggest fallacies in the business world related to coaching is that coaching is for struggling businesses and business owners. The reality is that this couldn’t be further from the truth! Coaching works best for businesses and owners that have already reached a level of success, and are ready for the next level, which gets harder and harder as you grow. Best Selling author and business thought leader Marshall Goldsmith’s book “What Got You Here Won’t Get You There” is all about the challenges of moving up to new levels, and what you need to leave behind, to let go of, in order to take on the new challenges. Let’s take a look at 3 of the most common growth challenges you might be experiencing despite your success.
No matter what business or industry you are in, the fundamentals of business growth remain the same. The only things that change between industries are the specific strategies or “How-tos” that are used to achieve growth in each area. Mastering these secrets (which really aren’t secrets) is the difference between staying right where you are and taking your business and your life to entirely new levels of success and fulfillment.
Secret #1 – Mastery
Success in business requires you to have Mastery of your Money, Time (Self), Destination (Goals), and Delivery.
Around this time every year, we start to forget our annual goals, we break our New Year’s Resolutions, and we regret that gym membership. So what is it we can do to break out of our bad old habits and actually take the steps to have our Best Year Ever? Well, I’ve found 7 simple steps that can help – here they are in no particular order…
Many business owners get to the point in their business and their life where things just stop improving. They reach a comfortable level that many call a plateau, where things are good but not great, and the majority of their previous level of dissatisfaction is now eliminated. While this may sound like a nice place to be, it is also a dangerous place to be. Staying at this plateau can led to complacency, and when you least expect it, it slowly takes you right back where you were without you ever realizing it.
There are 3 Keys to Building the Value of Your Business. If you’re like most business owners, a lot of your retirement wealth is tied up in your business, and you need to successfully sell or transition your business to somebody else so that you can exit gracefully and go live the life you want to live. Even if you’re not thinking about that now, using these keys will help you build value and build a business that works without you, so you can enjoy life now without needing to retire.
Structuring your company for growth means a few things: Learning how to focus on the right things at the right time; Understanding how growth is likely to impact your company; and Identifying the leadership needs of your much larger organization.