Have you got your business driving license?
Before you’re allowed to drive a car you go through a training process. You study for a theory test to understand how roads work, what warning signs look like, what safe parameters are for your car. You also take practical lessons giving you experience with an instructor on hand to guide you and ensure that when the moment comes you’re prepared for your test and you can be let loose on the road safely.
When you start your business – there is no theory test, there’s no practical instruction. You’re launched into a new world with new responsibilities and there are new challenges everywhere. You crash into cashflow issues, you steer into recruitment problems, you collide with competition, you hit a brickwall of time management!
80% of small businesses fail in the first 5 years. This is not because they weren’t capable of being a success but they had no experience and prior learning of how to be a success. No one had helped them, it wasn’t taught at school and they hadn’t the time, cash, opportunity or luck to survive the obstacles that are thrown in their way early on. Even those that survive and often flourish are often on a knife edge because the owner is gripping onto the steering wheel so tight to avoid danger and the next collision that they burnout or are never able to move onto the ‘motorway’ of sustainable, systemised growth.
As an ActionCOACH I work with small business owners