|
Avoid the Duds: 10 Strategies for Selecting "The Perfect Speaker"
Today, more than ever, the success of meetings relies heavily on the strength of program content and presentation. Nothing can spoil a meeting more than hiring the wrong speaker. That’s because speakers do more than just convey the overall meeting...
Create a Positive, Upbeat, "Can-Do" Workforce and Dazzle the Customer with Your Caring!
Given the choice of dealing with a positive, upbeat employee with a "can-do" attitude or dealing with a disgruntled, distracted, uninterested one, which would you choose? No contest. Customers always want the best experience possible; they want...
Defining Your Goals
Probably one of the most important things we do with our Partnering For Your Success students is to help them define their goals. We discuss their need for both short and long term goals. This might sound trite to you, or you might say, Yeah,...
Extend Your Book’s Life With a Sales Letter
Authors, publishers and business owners are great at getting their books written and launched. But after the initial one-year honeymoon, sales slow down. To counter this, make sure to let your audience know about your book's benefits and how it...
How to Build Extreme Customer Service from the Inside Out
“How to Build Extreme Customer Service from the Inside Out” Marilyn Manning, Ph.D., Speaker “Always do right. This will surprise some and astonish the rest”, Mark Twain “Thousands of businesses will be shaken and even shattered by their inability...
|
|
| |
|
|
|
|
|
|
Making the Financial Transition.
Making the financial transition from paid employment to earning a living on your own is probably the single biggest challenge facing many would be entrepreneurs. For most, the mere thought of financial insecurity holds them back from even trying. But if you have the vision, persistence and the ability to respond to market feedback the financial rewards will soon follow.
Two ways to make the transition.
There are essentially two main ways that you can make the financial transition.
1. Establish a revenue stream before you quit your job.
2. Quit your job and then build a revenue stream before your start-up capital runs out!
Establish a revenue stream before you quit your job.
Establishing a revenue stream whilst you continue to work, for most people is probably the more sensible of the two options.
The advantage of this approach is that it gives you the freedom to try things out at your own pace to see if there is a market for your pro or service before you actually cut off your regular income stream from your job.
A disadvantage of this approach is that it is often hard to devote the time necessary to get your business up and running particularly if you have a demanding full time job. Another slightly less obvious disadvantage is that the comfort of a regular income may make you less prepared to take the risks necessary to make your business succeed.
Quit your job and build a revenue stream before your start-up capital runs out!*
Now this is the riskier of the two strategies and definitely not for the faint hearted!
The advantage of this approach is that you have all your time to dedicate to your new venture. Another bonus is the uncomfortable fact that you don’t have a regular income stream yet. It’s incredible what you can achieve in life when you place you self in a position where you absolutely must succeed. This fact alone, if channelled effectively can rapidly propel you towards the achievement of your goal!
A disadvantage of taking this
approach is the fact that it can put you under extreme financial pressure which can then impact upon the other areas of your life as well as the lives of any of your dependants. It could even mean depleting all you capital creating a need to return to paid employment.
The approach I took to set up my Coaching Business…
In setting up my own coaching business I decided to take the later of the two options. I gave up my ridiculously well paid corporate consulting job so I could dedicate all my energies into establishing a successful coaching business.
What I personally like about this approach is the uncomfortable feeling you get when you start eating into your start-up capital whether it be savings, borrowings or venture capital. This feeling has compelled many an entrepreneur to push forward rapidly and make breakthroughs that they would not have been able to achieve had they kept their job.
So which approach should you take?
This a question that only you can answer. Give deep consideration to how you feel about both approaches and determine which one is more suitable for you given your current circumstances. It is also important to consider the type of business that will satisfy your entrepreneurial needs. This may also impact upon your ultimate decision.
Regardless of your which approach you take, there is one thing that is for certain; if your will is strong enough and your idea compelling enough you will find a way!
* Financial Health Warning: if you do decide to take this approach please consult with your financial adviser first.
About the Author
Damien Senn is a Life and Business Coach as well as a fully qualified Chartered Accountant. He helps people create compelling futures. He is the author of the 'Senn-Sational Success Journal' and has developed his own coaching model called the 'Senn-Sational Success System'.
For your free download '101 things to do before you die' please click the following link:
http://www.senn-sational.com/freeresources.htm
|
|
|
|
|
| Coaching.com – business & executive coaching for leadership ... |
| Business coaching solutions with executive coaching, personal coaching, professional coaching and corporate coaching to enhance leadership skills ... |
| www.coaching.com |
|
| Welcome to Coach U |
| Training world class personal and life coaches. Offering synchronous and asynchronous training. |
| www.coachinc.com |
|
| International Coach Federation |
| The International Coach Federation is the globally recognized association of professional personal and business coaches. ICF offers the only independent ... |
| www.coachfederation.org |
|
| Coaching - Wikipedia, the free encyclopedia |
| This article refers to the act of coaching people. For sports coaching, see coach ... Current practices in performance coaching in non-sporting environments ... |
| en.wikipedia.org |
|
| Sports Coach provides information on coaching, exercise physiology ... |
| Brian Mackenzie, the UK's highly experienced senior athletics coach provides fitness and training advice for athletes. |
| www.brianmac.demon.co.uk |
|
| The role of the coach is one which enables the athlete to achieve ... |
| Roles and responsibilities of a Coach. ... In a coaching role you will initially need to develop the skills of: providing instruction and explanation, ... |
| www.brianmac.demon.co.uk |
|
| The Coaching & Mentoring Network |
| The leading, independent vortal site, keeping you informed of the latest developments in coaching and mentoring. Connecting you to the people, products and ... |
| www.coachingnetwork.org.uk |
|
| Welcome to sports coach UK |
| sports coach UK is a charitable organisation dedicated to the development and implementation of coaches and coaching throughout the UK. ... |
| www.sportscoachuk.org |
|
| Positive Coaching Alliance |
| Information on awards, location, partnership programs, description of the organization, upcoming events, news items and membership details. |
| www.positivecoach.org |
|
| Career Coaching from Mind Tools - Find Focus, Fulfillment and ... |
| Career coaching from Mind Tools - Maximize success in your chosen career: Find focus, self-confidence, fulfillment and career direction with a Mind Tools ... |
| coaching.mindtools.com |
|
| Coaching Drills, Information and Products For Youth Sports |
| Youth coaching drills for baseball, basketball, football, soccer, softball, volleyball, and track and field. Also makes team decals, posts team photos, ... |
| www.y-coach.com |
|
| Mind Tools - Self-Study Management Training, Career Training ... |
| You can join biweekly coaching and training sessions wherever you are in the world. ... The GROW Model - Coaching team members to improve performance. ... |
| www.mindtools.com |
|
| COACHING SCIENCE ABSTRACTS |
| The best award-winning site about sports science that can be applied to the coaching of serious and elite athletes. |
| coachsci.sdsu.edu |
|
| Coaching UK : Coaching UK and Coaching Related Links |
| Coaching UK : Coaching UK and Coaching Related Links. |
| www.coaching-uk.org.uk |
|
| Association for Coaching |
| Welcome to the Association for Coaching — one of the lead professional bodies for Coaches and Organisations involved in the areas of: ... |
| www.associationforcoaching.com |
|
| The Coaching Corner - The Youth Team Sports Resource |
| The Coaching Corner, the youth team sports resource for coaches, players & parents. We provide instruction, editorials, coaching tips, bulletin boards and ... |
| www.thecoachingcorner.com |
|
| Executive and business coaching network - UK based international ... |
| executive and business coaching - UK based network of international coaches specialising in executive and business coaching, team building and unlocking ... |
| www.execcoach.net |
|
| SOCCER-COACH-L Soccer Coaching Manual |
| A manual for the novice and more advanced youth soccer coach. |
| www.ucs.mun.ca |
|
| My Life Coach - Life Coaching, Become a Life Coach, Career Coaches ... |
| We have the life coaching, personality and career testing tools, knowledge and expertise to help you discover the right direction. |
| www.mylifecoach.com |
|
| Basketball Coaching Playbook, Coach's Clipboard... Coaching Youth ... |
| Coach James Gels offers player development tips and coaching strategies on offense and defense. |
| www.coachesclipboard.net |
|