I have really enjoyed and marvelled at the Olympic Games these last two weeks & those involved in providing the stage for this incredible spectacle did the UK proud. I desperately wanted to avoid an Olympic cliché affirmation this week. However this thought has stayed in my mind throughout the Olympics….
I am often asked by other coaches & business “start-ups” What are my top tips to be successful as a business owner? Then earlier this week I was approached by a lady who was just starting out on her journey to help others as a life coach. She wanted to know what were my top five tips for a business start up as a life coach. I sent her an email response and thought to myself I get asked these questions a lot, so thought it might be useful if I was to share the email with you here.
Did you know that statistically your chances of survival in business beyond five years are about the same as the flip of a coin!?! According to recent statistics published by the Small Business Administration (SBA), seven out of ten business startups will survive at least two years but only 51 percent will survive beyond five years. This is a far cry from the previous long-held belief that 50 percent of businesses fail in the first year and 95 percent fail within five years.
Today I want to share with you one of my own tools for coaching with my clients. It is a great way to help them G.R.O.W. – By asking yourself some of these simple questions when you become challenged or by using them to help and support your teams you will get better results through the GROW coaching process.