Free consult & free copy of book

E-Myth – “Why most small businesses don’t work & what to do about it”

Contact Us

Stars

Most 5 star CPA Google reviews in Canada

Read Reviews

Chartered Professional Accountants E Myth

1 Fixed Monthly Fee - Planning | Accounting | Taxes | Consulting

Helping Canadian businesses beat the odds!

Business Coach | A Good Owner Will Mentor From Within

Business coach says that a very good owner will be able to mentor people that have been there and supporting their business for a very long time. They will be able to mentor from within, so that if in fact they do have an opening for a managerial position, they will be able to have one or two are several people to slide into the position right away.

Business coach also says likewise, the people from within that have worked very hard and been very devoted to that particular business, will feel very appreciative that they have taken their best interests to heart and not considered anybody from the outside.

What often happens is the fact that there are a lot of people from within the business that are just waiting for promotion. They, instinctively, want to get higher in their career, make more money, and excel. Make sure, as a business coach says, that you, as a business owner takes time to celebrate a lot of people’s wins every day, be it big or small.

Likewise, do not scold people for making mistakes. That is a fact of life, we are all human. Instead, calmly instruct them of the proper way, and make sure that they feel comfortable in your explanation so as they have mediated a lot of the mistakes.

It is very difficult for people to admit that they make mistakes, there often get scared that they will be chastised, or yelled that, etc. Make sure that you are part of the solution, and not part of the problem.

Make sure that you are very supportive in what they are doing, and potentially what you can do is you can mention all of the good things that they are doing first, and after, mention the fact that you need to work on a couple of mistakes.

You should be a very measured, very calm owner, so that that person will feel very comfortable in order to do their work. It’s one thing to be very comfortable double from within your workplace you could be more productive. However if you are always on pins and needles and being afraid that you’re going to be yelled at, the productivity will certainly go down. If not the productivity, definitely the mistakes will go up.

Yes, if you are still looking to hire that management position, you are going to have to think very clearly and very concisely on how you’re going to program your hiring process. When you going to schedule your interviews, when you going to review their resumes, when are they going to be coming back for a second interview, or shadow day, etc. It is a very arduous process in order to find the right person to enter in to your business fold.

As well, make sure that you have consulted a lot of your other business owners, to see exactly how they do the hiring process as well.

When Should You Use A Business Coach Instead Of Doing It Yourself?

Business coach says that you could be one of two employers. You could be the employer who is very supportive, and very kind and very patient with a lot of your place, and in particular the new employee that has come in to accept and fill that managerial role.

Or, business coach says that you can be an employer who is very impatient, and very short tempered with a lot of people who do make mistakes from within your business. That will legitimately up and the harmony of your business, and you might have a very big turnover rate because people are just not interested in working for you.

Business coach also says that make sure that you deal in a very polarizing mission statement, and very polarizing corporate values. This might make the hiring process for you externally a lot easier. If you have a very polarizing corporate value statement or mission statement, a lot of people might think “this is or this isn’t the right place for me to work” or “I do or I don’t agree with that at all.”

From within a leadership position, there is definitely a lot to learn, and a lot of idiosyncrasies, and details that you are going to have to deal with. The leadership process is taking a lot of time to learn, and definitely needs to be properly detailed.

Make sure that you are giving yourself a lot of time, and are very patient with yourself and don’t be too hard on yourself and you are trying to learn very quickly.

What you need to do is you need to take a break, and take a breather if you are finding yourself to stressed. Make sure that you can deal with this in a comfortable, measured we, and make sure the reach out to your employee, if you are having any specific difficulties.

Likewise, in terms of employers, make sure that they are very positive, and very supportive of you, whether you are having difficulties, or not. Make sure that you have a lot of time to be learning the policies and procedures, and all of the rules and regulations. As well, you’re going to need to time to enjoy and learn the job itself. You’re going need to learn the idiosyncrasies and the characters of each individual person from within the workplace. And know where you legitimately fit in.

As well, think of the differentiation factors from within your business. The differentiation factor is in fact why your customer chooses you over your competitors. There are many differentiation factors that can either attract or deter a lot of customers your way or to your competitors. Surprisingly however price is not a sustainable differentiation factor. If you want a sustainable, and long business relationship, you’re going to try to be everything potentially that your competitor is not, in a positive way. Make sure that you deal with the customer as if they are royalty.