Create an Advisory Board (2)
John Pettit has just signed up for a business coaching program which covers leadership, marketing, finance, management, lead generation, lead conversion and client fulfilment. These seven skills are taught through training modules, audio tapes and workbooks, and individual coaching is provided by phone and email.
Through this course, John hopes to start planning for when he exits his business. He would like to sell two branches in a few years, then ease out of the remaining one slowly, maintaining a less active role in the business.
Tania James and Bill Johnson recently formed an advisory board that meets quarterly over dinner at Blue Gum Restaurant. Their board members are two retired restaurant owners and a friend who runs his own self-storage business. They pay the board members a small retainer and provide the meal.
Jane Amos has a personal coach whom she talks to over the phone for an hour every two weeks. Although an expensive item in Jane’s budget, she thinks she receives great value from this coaching. Sometimes, because she works on her own, Jane finds she loses sight of her goals, and she gets bogged down by administrative details or the occasional ungrateful client.Talking to her personal coach helps Jane keep a better sense of perspective about her business.
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