Have you been thinking about setting up your own business – full-time or as part-time to earn some extra money? Does this worry you because you do not have enough experience? Do not worry. Take action to compensate for any weaknesses or obstacles you can identify. Bear in mind that no-one can foresee the future and business, like life, is not without risk. The best plans do not guarantee success. One thing that many successful entrepreneurs have in common is the ability to surround them with experts who can help them make the best possible decisions. In many cases they will still look for advice and further help. You may think that cannot pay for such a team of experts, but you could engage the services of a small business coach. There are many coaches who specialize in small business coaching.
Business coaching will help you understand how to write a business plan for your small business. Starting a business requires good planning.
A small business coach should be able to guide your through this planning process, for instance making sure you set goals that are specific, measurable, achievable and time-bound. Following these goals a clear plan how to gain and keep customers is needed. At the same time you will need to make sure you have the products and services that customers want. It will be disastrous to begin without a good plan. A coach will guide you through this process.
Seek the help of a small business coach. Companies that provide business coaching should provide you tips and tricks on how to manage your business. On the subject of business coaching, you may choose from a number of coaching options. You may want to listen to a series of lectures (live or online or over the internet). Various programs are also offered but you should look carefully at the credentials of the coach. Depending on your needs and budget, the right type of coaching may vary. Also, the kind of business you are going to start or are running may also affect the kind of mentoring you need.
You can find relatively cheap options through the internet which can be downloaded. In that case you lose the biggest benefit of a coach which is to act as a sounding board and hold you to account to achieve your plans. A coach will also question you about your goals and motivation. You could get a friend to read and listen to the material with you. However, you need to accept that any friend is not a coaching expert and you should keep you expectations reasonable.
You could also make use of group coaching either in person or through the internet, the latter often being less expensive.
The last option is a personal coach which engages with you one-on-one. Again this can be in person or over the internet or telephone.
Starting any business is a daunting task, and should not be tackled without help. Ideally this help comes in the form of top experts, but at least form a network which can help you and support you.