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| Your are here: ologybusiness.com > business coaching > business coaching during the recession |
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During the recession everyone is in the same boat, cutting back on 'unnecessary' spend, keeping a close eye on cash flow, reducing head count – doing all that is necessary to keep the business going. But what is 'necessary'? And what effect is this actually having on your business? During a recession your business needs to remain competitive. So in addition to doing everything everyone else is doing – you need to do something differently. Working with a professional coach your business won't just survive, it can thrive - even during a recession. One key area we focus on is your people, your most valuable asset and how to improve their performance. Another area we focus on is the robustness and resilience of your business. By eliminating potential problems early and strengthening weaknesses we safeguard your business against external uncertainties. 'Recession' Coaching - Government Funded - We are very happy to be able to secure Government Funding for most of our clients. There are many different options available for funding which vary significantly by region. In some cases professional coaching (up to a certain value) can be fully government funded. Please contact our individual coaches for details of what funding is available in your area. Questions for business owners and managers to help you prepare for the challenges 1. As the owner or manager of a business / organisation do you have a strategy on how to handle the challenges ahead? Have you prepared a plan B and C so you are ready for any sudden changes to the economy (good or bad)? 2. Have you analysed what level of marketing, training and sales are appropriate for your business in the current market, or are you relying on past performance whilst the economy was growing? It is important to make adjustments, too much ambition could level you vulnerable, too little could lead to a slow death as your competition moves in on your market share. 3. Have you got the right people on the team, who are capable and fully committed to tackle challenges as they arise? Have you clearly identified everybody’s roles and responsibilities and are you fully committed to the appropriate delegation? 4. What changes do you have to action to ensure your business is the lean and effective business that will not only survive the economic downturn but be in the best position to take advantage of the upturn when it comes? All business owners and managers need to be able to answer all of the questions above. To simply batten down the hatches and hope that the business will survive is a “reactive” approach but those businesses that take a “proactive” approach by making the strong decisions about levels of marketing, training and sales promotion will be the survivors and winners. So who can business owners and managers talk to about these questions? Ology of course! |
