With the world’s economy changing rapidly with higher competition and fewer jobs, more people are starting their small businesses. However, building a business, especially one that will last long term, can be difficult. It is estimated that 20% of startups in Australia fail in their first year, and about 60% follow within the next three years.
Often the startup founder doesn’t do a formal feasibility study for the business idea, nor is there a business plan drawn up to operate that business. This is where Working with a coach comes in, and it can make the difference between a failed and a successful business. A business coach can also help the business owner to remain positive in challenging times.
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