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The 5 Reasons That Entrepreneurs Never Reach Their Full Potential
Why do some entrepreneurs create successful businesses for themselves while others simply can't move past the great idea stage? Professional business coaches often site several factors that go into starting a business and doing it successfully. Knowing the pitfalls in order to avoid them ahead of time can go a long way toward ensuring your future business success.
Lack Of Vision
While having a great business idea is certainly a start, in order to truly succeed, you need to have vision. This means that you know how to think outside of the box. Most people have been conditioned to be as ordinary as possible. Some of the most successful entrepreneurs got where they are because they decided to do business in new and different ways! Business coaching, whether it be coaching done in person or through telephone coaching, is a great way to ensure that there is someone to let you know when you need to get creative.
Trying To Do Too Much
One of the biggest mistakes entrepreneurs make is thinking that they don't need any support to get their businesses off the ground. This couldn't be farther from the truth! Entrepreneurs benefit from finding coaches and mentors to support them and challenge them to be accountable for making their vision a reality. Business coaching can help you learn to recognize what needs to be done right now and what can be tasked out or done later.
Lists are one thing, but sticking to them is entirely another. Building upon your entrepreneurial vision means learning how to focus and not just getting organized, but staying that way. Believe it or not, many very successful entrepreneurs are prone to ADD and this keeps them from staying on task. Business coaching can help you find the tools you need to conquer any ADD tendencies and stay productive. One of the best ways to incorporate business coaching into your day is to opt for telephone coaching. That way, when you run across an organizational problem, you can call your coach right away.
Being a "Control Freak"
While it is understandable that your vision is your "baby" and that you feel you know how best to turn your vision into reality, there will be times when you will need to relinquish control to others. By trying to do everything yourself, you are wasting valuable time and money. Don't be afraid to go through some business coaching to learn how to handle aspects of the business that you either don't enjoy or at which you don't excel. It is easy to get bogged down in the everyday details of running a business and it is important that as an entrepreneur you keep focused and excited about growing the business.
Unhealthy Business RelationshipsDoing business depends largely on forging successful relationships with your business partners, clients and employees. When you work closely with someone it can be easy to blur the line between professional and personal. One thing professional business coaches notice is that people who come from dysfunctional families tend to form unhealthy and dysfunctional business relationships. During your business coaching sessions, you and your coach can work together to identify ways to keep your business relationships on track.
By recognizing when you fall into one of these five traps, you can help yourself correct your behavior and get your business back on track! Business coaching is one of the best ways to learn how to identify these traps and the ways to avoid them.
By Barry Selman