 Q: What is business coaching and consulting? Why might business owners seeking to take their business to the next level or simply get it off the ground require both?
A: Consulting generates solutions to the challenges facing your business. Coaching provides the weekly guidance and motivation critical to executing the solutions generated and managing pitfalls that will inevitably threaten the execution of your business plan.
In a fierce competitive environment, successful business owners hire consultants and coaches to improve their odds of success.
Did You Know? Most businesses are not profitable.
• The National Federation of Independent Businesses estimates that over the lifetime of a business, 39% are profitable, 30% break even, and 30% lose money.
Did You Know? The survival rate of new businesses is extremely low.
• According to the U.S. Bureau of Labor Statistics, across all industry sectors, only 66 percent of new establishments are still in existence 2 years after their birth and only 44 percent are still in existence after 4 years.
Execute Now! offers business coaching and consulting because they are highly complimentary and together, boost the odds of business success. Our goal is to improve the odds of our client’s success through bringing a diverse set of experiences¹ to bear in evaluating their challenges and providing ongoing support. We focus on businesses ranging from start-ups to those with up to $10 million in revenue.
The exceptionally talented Michael Jordan benefited from the guidance of longtime Chicago Bulls head coach Phil Jackson as he took his game to new heights. Similarly, entrepreneurs need coaches to help them propel their businesses to the next level.
¹ Each Execute Now! engagement leverages a team of consultants with a collective 20 years of professional experience in areas ranging from small business ownership, corporate finance and commercial lending to business valuation, fundamental company research (i.e., private and public) and strategy assessment at leading Wall Street firms.
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