As a business grows owners may be in a position of managing more and more areas of the business that they are less familiar with. The owner’s original background may be manufacturing but now oversees finance, sales and HR issues.
An experienced business advisor may help develop these skills and improve decision making as the business grows.
Here are a few examples of situations where a coach may help:
1. Development of managerial skills for owners or senior managers.
2. Refocusing management to a strategic vision and plan.
3. An objective business performance review of results against planned objectives.
4. Improving operations by reviewing decision making processes and staff communications.
An independent coach can facilitate change with some of these issues if the environment welcomes an outside, fresh perspective. If the process is not welcomed by all participants the results will be more than counterproductive so owners should proceed carefully to ensure success.
I hope these few thoughts help as you develop and grow your business. Let me know what you think. gerry@polarisgroupmc.com.
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