I am a Businessman / Entrepreneur

“There is always space for improvement, no matter how long you've been in the business”

Managing a business can be intimidating – besides requiring the obvious repository of patience and perseverance, what is required here is a keen vision and knack of judging and being the early bird in picking up the best trends prevalent in the industry. Your attention to detail to a range of issues – product development, man management, marketing, sales, profitability, and statutory compliance – is likely to influence your success and drive subsequent growth into the future.

Devising strategies in keeping with respective business cycles can revamp sales and increase profit margin. Moreover, identifying your business’s target market can carve more opportunities of generating wealth. There is indeed a checklist of factors that, if adhered to, will guarantee financial freedom.

What is business coaching?

Looking at a successful business is like looking at the tip of an iceberg. What you see is not what drives it or holds it. Behind every successful business lies a set of solid principles and practices which the owner has systematized so that it runs as a well-oiled machinery day in and day out. A successful business is never a result of stroke of luck; ask the owner of a successful business and you’ll hear passionate stories of entrepreneurship, painful planning, risk-taking, strategizing, failure and persistence. If you are struggling to grow your business (5 signs that you need a business coach-https://www.forbes.com/sites/forbescoachescouncil/2017/06/30/five-signs-you-need-a-business-coach/#69097fe65c88), you have two choices: First, try different strategies hoping that in reasonable time period you’ll stumble upon the right path and have a successful business. Second, hire a business coach and get the real issues on the table quickly for decision and action.

WealthPal provides business coaching in Mumbai.

How does business coaching help in business growth?

A business coach is a trained and experienced professional who helps a business owner to:

- Clarify key business goals and objectives
- Come up with a plan and action steps to achieve those goals
- Track progress and increase accountability to meet each milestone
- Understand reasons for slow business growth and help in re-prioritizing actions
- Distinguish between action and activity
- Understand the various hats a business owner needs to don during different phases of business growth
- Focus on key business functions that matter

Most unsuccessful businesses are run based on what the owner wants rather than what the business needs. A business coach provides candid feedback on strengths and weaknesses and also elucidates robust business principles to help client identify the missing links in his business. E.g. a business coach understands the importance of aligning one’s personal lifestyle goals with business goals to make the most out of one’s business. A business coach may help owners re-prioritize their time spent on different functions to positively impact relevant metrics necessary for business success.

In summary, business coaching is a professional approach of taking a business from where it is now to where the business owner wants it to see. After establishing where a business owner would like to see their business, business coaching will help plan and prioritize relevant goals and strategies and follow up with a schedule of meetings, either in person or on phone, at relevant frequencies to track progress.

Historically, parents and guardians have been playing the role of business coaches in any family. Their past experience of successfully managing their own business was considered good enough to guide the next generation. However, with new business models (e.g. e-commerce, franchise, B2B, etc.) and new ways of doing things (e.g. digital marketing, outsourcing, etc.) coupled with cut-throat competition and pressure on automation and efficiency, parents are increasingly realizing their inability to provide sound guidance to the next generation. In addition, shorter business cycles and fashion trends require prompt implementation of plan which becomes overwhelming for parents. A business coach can help with these new challenges, firstly because a coach is a professional trained in doing so and secondly due to coaches’ experience in coaching similar other clients.

Business coaching in Mumbai is gradually catching up. WealthPal is among the pioneers in providing business coaching, wealth coaching and executive coaching in Mumbai. You can contact WealthPal (hitesh@wealthpal.in) to hire a personal wealth coach, personal business coach or personal executive coach.

Your personalized coaching session

Your personalized coaching session with the help of a scientific tool kit will cover the following topics and more, with primary focus being on wealth creation through business.

  • B-1    I am working hard and putting in long hours but still unable to increase sales and or profits. Is something wrong with my priorities?
  • B-2   I want to know if I am also a victim of 4 business myths that most unsuccessful businessmen suffer from.
  • B-3    I want to know the two secret functions a businessman is supposed to focus on to grow business
  • B-4    I want to know if I am marketing to the right target market
  • B-5    I want to know if I am born to be an entrepreneur, using scientific tools
  • B-6    I want to know my Strategic Business Objective and devise my Strategic Action Plan for next 6 months
  • B-7    I want to find how fit I am for earning wealth through investing in stock markets
  • B-8    I want to identify any hidden abundance blocks that may be preventing me from earning wealth; and understand how to remove those blocks
  • B-9    I want to find the exact wealth number (in terms of INR or $) that will make me achieve financial freedom

*Complete confidentiality will be maintained through the course of the session and beyond.