Starting a business is no easy feat. And neither is successfully running one. Small businesses are especially susceptible to failure during economic downturns like the one we’re experiencing right now. And no matter what you did (or who you worked for) previously, entrepreneurship comes with its own set of unique challenges. If you want to achieve long-term success, working with a small business coach in Denver could be what you need.
The overwhelming majority of businesses in the United States—approximately 99.9%—are considered small businesses (with 500 employees or less). According to data from the U.S. Bureau of Labor Statistics, as many as 20% of those small businesses fail within the first two years, 45% within the first five, and 65% within the first ten. Clearly, running a business isn’t easy. Business coaching programs can help you avoid common mistakes and learn to set systems in place that lead to long-term, sustainable growth. Here are 10 reasons to consider participating in a business coaching program in Denver.
If you’ve ever considered working with a business coach, you’ve probably wondered about the return on investment. Is it worth it? Many business owners are skeptical about whether or not working with a business coach is all it’s cracked up to be. If you’re interested in Denver business coaching services, but you’re not sure if you should take the next step, then maybe some real-world evidence can aid your decision. Here are some helpful—and surprising—statistics about business coaching for your consideration.
Great leaders are invaluable to a company. With strong leadership, companies can cultivate a workplace culture that leads to long-term growth, increased employee satisfaction, and higher profit margins. But to be a great leader—or to promote people who are going to be great leaders—you need to be intentional about your efforts to effectively lead. Just like any other skill, leadership takes practice. If you’re ready to level up your leadership skills, consider hiring a Colorado business coach to take you and your managers from good to great.
So, you want to hire a CEO coach. That’s great! Running a business as a Chief Executive Officer is no easy feat. You have to make tough decisions every day—decisions that greatly impact the success of your company and the people employed by it. If you want to be a better leader and see real, measurable results, consider working with a CEO coach in Denver.
Asking for help when you need it is one of the best things you can do as a business owner or entrepreneur. By nature, you’re probably pretty independent – this company is your baby and you’ve built it from the ground up. But working with a Denver business consultant can help take your business to the next level.