Infographic: Three Crucial Factors That Make or Break a Business
National business advisor AdviCoach® offers infographic exploring top factors that affect business success.
October 22, 2014 // Franchising.com // SOUTHBURY, CT – According to The U.S. Small Business Administration, small businesses (independent companies with fewer than 500 employees) make up 99.7 percent of U.S. employment. Recognizing the massive impact that small businesses have on the U.S. economy, AdviCoach has created an infographic titled "What’s Keeping You Up at Night?" exploring three obstacles businesses frequently face that likely impact success – time, team and money. The infographic can be found at http://advicoachblog.com/infographic-top-dangers-preventing-businesses-succeeding/.
AdviCoach, a national provider of business coaching and advisory services customized for small- to mid-size businesses, explains that over 50 percent of the population relies on wages that the more than 28 million U.S. small businesses provide. With 80 percent of new small businesses failing in the first 18 months, it’s critical that business owners be aware of potential problems before they have a lasting and detrimental impact.
"One of the reasons certain issues are chronic for many business owners is that they don’t know how to identify the root cause of the problem," said Terry Powell, founder of AdviCoach. "Small businesses face three common hurdles – time, team and money. Identifying which of these is the root problem may point you toward a long-term solution."
Because business owners are often so overwhelmed with the many aspects of running a business, it’s easy to overlook issues that someone more experienced would see. Hiring a business coach - an objective outsider looking in - can help entrepreneurs build and maintain positive momentum in their businesses.
"Business owners often seek an ongoing relationship with outside leadership because they have reached a ceiling of complexity in their business," said Powell. "Coaches offer leadership that can help owners see beyond their blind spots to find solutions to problems they didn’t know existed."
For more information about AdviCoach and its business coaching and advisory services, visit www.advicoach.com.
With more than 30-years of experience in business coaching, AdviCoach is the premier source for business coaching and advisory services customized for small to mid-size businesses (SMBs). The AdviCoach business model is designed to empower SMB owners to increase the productivity and value of their businesses through unique coaching methodologies and the deployment of "Rapid Impact Strategies," ultimately reaching long-term Income, Lifestyle, Wealth, and Equity goals. Part of Franchise Source Brands International™, AdviCoach and its sister company The Entrepreneur’s Source dominate $1.5 billion industry with a commanding 33 percent of the business coaching and consulting franchise market in North America. For further information, visit http://www.advicoach.com/.
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