Re-Thinking What It Takes To Start-Up A Successful Solo Practice
It's well known that Start-Up businesses have a dismal rate of success. 9 out 10 fail. And not becuase the ideas aren't good or the people leading them aren't smart. Smarts, competency in being able to deliver the coaching, training or consultancy component is usually the easiest and most abundant part in the start-up equation.
The major reason for failure according to a Dunn & Bradstreet, a leading provider of credit reporting and research company for small businesses is a "lack of skills and knowledge by the owners".
This problem is amplified in the personal development space because while there are many NLP and coaching trainings that will teach you skills essential for being able to work with clients almost ZERO teach you anything to do with starting a successful professional practice. And there is a world of difference between the two.
It's not enough just to be a skilled coach, trainer or consultant… if you intend to start a business you need a road map, a clear understanding of the 9 key things you must get right and if you are fortunate the the insights of a business expert or mentor. Someone who has been there and done it and can help you avoid the pitfalls.
In fact, according to Dunn & Bradstreet, over 90% of businesses that do have such "expert assistance" were still in business after 5 years.
2 Hour Free Training Replay
So last night, after hearing from many visitors to NLP Times I interview veteran business builder Michael Breen for 2 hours on what you need to know and do to start a successful coaching, training or consultancy business.
Michael shared a ton of insights and real world lessons on what
it takes to build a successful business.
Including:
* What you need to know and do before you start-up your business
* What every new business should focus on getting right if they want to succeed
* Why he had 3 mentors when he started out and why statistically your far more likely to succeed when you do too
* Learn how to avoid many of the most common business failures that affect new businesses
* Learn about the 9 key areas to get right when starting or growing your business
* How to migrate from a well paid job into life as an entrepreneur
* And much more.
After you are done listening check out full details on the new program here.
Questions or comments - love to hear them. Feel free to post them below.
