The Now What? Situation
By Massimo Gaetani, MaGa Coaching
Over the last two years I have been coaching a number of business owners that reached a point in their business when things were OK, they were working in the business that started months or years earlier and, like many others, started asking themselves what to do next. Some of them lost some of their initial enthusiasm because of a number of different reasons; others wanted or needed to move their business to the next level and they were lacking the necessary skills or inspiration.
This is what I define the Now What? Situation, affecting at some point most business owners. The Now What? Situation can have serious repercussions for those that fail to react or, better, prevent it and take the necessary steps at the right time.
Starting a business in the UK is relatively easy, compared to other areas of Europe where I have direct experience, thanks to the minimum bureaucracy involved. Most individuals with an idea for a service or a product to sell can start trading in a fast and straightforward way.
When the proposition is interesting and many customers are buying into the business then growth can be significant and soon the person with the initial idea and passion is no longer a service provider or product seller: he/she is an entrepreneur. At the beginning things are exciting, there is a honey moon period that can last sometimes many months or even years. At the end of the bootstrap time there is a need to face a transition period that often catches the entrepreneur unprepared.
There are obviously substantial differences in running a business with you as the only decision maker compared to a company with partners, managers and staff. Some key points to be addressed during the transition from the micro business and a larger operation are issues like:
Coaching can help virtually all business owners involved in a Now What? Situation.
The coaching approach offers a resourceful set of tools, a self directed learning approach that allows to build on the exact current situation, explore alternatives and pin down what needs to be done, establishing and instilling an accountability process.
When coaching a business owner it is very important to recognise two key aspects:
A business owner, working over a period of three or six months, can be helped to identify the exact path necessary to move the business to the next level.
In short it is about changing a Now What? Situation into Now I Know What should be done and I am doing it.
MaGa Coaching's mission is to increase public awareness of coaching as a valuable tool to improve companies’ performance and peoples’ well being while making it accessible to a wider group of people thus becoming one of the leading companies to provide business, executive, team and personal coaching.
Contact details: Massimo Gaetani, Director
tel - +44 (0) 1223 501493
email - info (at) magacoaching.co.uk
website - http://www.magacoaching.co.uk
Last updated: 30 jun 2010
