| Top 10 challenges faced in scaling up the business |
| § Lack of Alignment in the values and Purpose of the company |
| § Market Misalignment between the Product/service offered and Customer needs/wants |
| § Owner Centralized Decision Structures leading to a bottle neck at the top |
| § Lack of a clear business direction cascaded down to the team below |
| § Lack of efficient & seamless integration of technology in the business operation |
| § Inability to handle Next Generation Succession and Engagement effectively |
| § Lack of Non Family professionals in key positions |
| § Lack of an effective board for the External View of Business Performance |
| § Inability to attract and retain talent due to favoritism towards family members |
| § External Variables like competing with big businesses, foreign companies, and a very fast changing technology landscape. |
Why does one need a coach?
- On: September 16, 2021
- By: Riddhi Shah
Eric Schmidt, Chairman Google – Needs a COACH.
Roger Federer, a Legend Tennis Player – Needs a COACH.
Opera Winfrey, Famous talk show host – Needs a COACH.
The fact is, Everyone needs a COACH.
But why do these people need a coach?
Like in every domain, even in the business world, there are 2 types of Entrepreneurs – Super Successful and Stuck. Both of these types have different challenges and different paths to take.
Super Successful: There are thousands of Entrepreneurs who are super successful, doing very well in their business and have their hands full of opportunities. The challenge for these Entrepreneurs is how to maintain momentum and keep track of their mental shape and their strategies in place at the same time. Also importantly, not get overwhelmed with the current stream of successes. A coach helps them to deal with each of these challenges and chart out their next course of action.
Stuck: There are many more Entrepreneurs who had a great business idea once upon a time and started off very well. But over a period of time, they feel STUCK in the rut, where their business is not growing and thereafter their own zeal and enthusiasm keeps dwindling down. These Entrepreneurs need a new perspective, on the situation and reconditioning their belief system. A coach helps them to relook at their strategy and have a razor-sharp focus on the Effectiveness and Efficiency of their Execution.
All of us have great potential which can be unleashed. Hence to discover one’s roadblocks and blind spots at the same time identify one’s real strengths one needs to have absolute clarity and a different perspective. For this, we need an unbiased external catalyst – A Coach!