Small business coaching- Key elements of small business coaching

Business coaching in general has many branches namely executive coaching, personal coaching, small business coaching, etc. The reason they are divided is that they are very different from one another and demands a different kind of approach. Let us take a brief look at small business coaching.

• One major job of a mentor is to analyse a business idea and establish its worth and prospects in the current market. He must be able to give you a comprehensive picture of the current prospects, the competitors, the initial financial investment it will take, the time it will take for the business to catch pace, etc.

• Second is focusing on the making of a growth plan. No one actually has a long term growth without a plan. And even if you do, it will be unstable and uncertain. In such cases, planning further moves becomes difficult. Therefore a comprehensive plan is very important.

• Third part is implementation. With a well planned strategy, implementation and evaluation becomes easy and achievable.

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