Benefits
Everyone can benefit from a Business Mentor - why not you?
Through our tailored package of business mentoring and coaching we will work with you to fulfill your potential and to turn your passion into your business.
Why work with us?
Surveys claim that 33% of new businesses cease trading after 2 years, don't let the statistics put you off though, we will work with you to ensure you benefit from all the lessons learnt and built a viable business from the outset.
Start up businesses can have a high failure rate for a number of reasons with as many as 1 in 3 failing in their first two years. The reverse side of the coin is that almost two thirds survive and go on to prosper.
Key reasons for business failure include:
Poor marketing
Successful modern businesses are ones that understand and meet the requirements of their customers. Detailed market planning and market research is therefore an essential for new businesses, to find out details such as the potential size of the market, the extent of competition, as well as consumer preferences and tastes.
Cash flow problems
Many businesses struggle through poor cash flow management. It is all very well having a good idea and a good product but it is also necessary to be able to meet short term outflows. Many businesses try to grow too quickly, and end up borrowing too much money externally, resulting in crippling interest repayment charges.
Poor business planning
Business planning should cover aspects such as marketing, finance, sales and promotional plans, as well as detailed breakdowns of costings and profit predictions. It is often said that 'failing to plan, is planning to fail'.
Our Commitment
Your business mentor will support and guide you through these challenges to give you the best opportunity to thrive.