2011 Challenges: Economic Uncertainty, Sales Growth
The Growth Coach 'Business Barometer' Survey Polls Nation's Small Business Owners; Sheds Light on Internal and External Challenges Expected in 2011
February 08, 2011 // Franchising.com // CINCINNATI – As the first quarter of 2011 shifts into full gear, business owners must analyze the top challenges they expect to face in the coming year and how it will impact their business. According to a survey conducted by The Growth Coach, a national franchise of business coaches with a presence in more than 140 markets, the economy remains on the top of small business owners' minds, along with generating sales growth.
Based on survey responses from The Growth Coach franchise system, 57 percent of business coaches reported that their small business clients' view the economy as the greatest external factor that can pose challenges for their business in 2011. Although a recent article by Bloomberg News stated that American's confidence in the economy has increased, small business owners remain skeptical of an economy characterized by an unemployment rate above nine percent and income fluctuations.
Also examining internal aspects affecting the outlook for small business owners in 2011, the survey reported that 76 percent of owners view the ability to generate sales growth as the top internal challenge facing their business.
"It is crucial for business owners across the country to constantly be evaluating their businesses and looking ahead so that they can determine the greatest challenges that can impact their businesses," said Greg Scheingold, President of The Growth Coach. "By taking a deeper look and understanding these challenges, business owners are able to develop strategies and best practices that address these issues."
The Growth Coach specializes in providing affordable group coaching workshops to business owners and executives utilizing its proprietary Strategic Mindset® process. In addition, they provide face-to-face coaching, Coaching Club (tele-coaching), as well as coach entire sales teams and management teams to be more effective with a strategic-focusing process. All initial coaching services come with a 100 percent money-back guarantee. The Growth Coach excels at transforming the mindsets and behaviors of clients to achieve superior and sustained results. Specifically, the coaching process helps clients gain clarity about where they want to go, develop continuous action plans to get there, and receive on-going accountability to stay on track.
About The Growth Coach
Founded in 2002, The Growth Coach is the only pure business coaching franchise system with the single purpose of helping drive success and balance the lives of business owners and professionals. Their goal is to help clients gain greater focus so they can work less, earn more and enjoy more fulfilling lives. They help clients to transform their mindsets and behaviors to achieve superior and sustained results. Clients include small business owners, franchisees, self-employed professionals, high-end sales and financial services professionals, and sales teams and management teams from businesses of all sizes. The Growth Coach operates in more than 140 markets across North America.