Business Coaching Re-Imagined 

 

Traditional coaching companies attempt to be all things to all people, but at Flashpoint we realized that if we tried to speak to everyone we would be relevant to no one. So we took some time, identified our target market and narrowed down our message to work on three key things - and our results are speaking for themselves!

 

With strategic consultation and coaching, Flashpoint provides superior results to business owners through account based marketing and branding, leadership development, and performance optimization.

What keeps you up at night?

 

It’s no secret that every business owner struggles from time to time with the successful operation of their company. What’s not as obvious is that each of these individuals have the same opportunity to take advantage of solutions right in front of them. So if they’re there for anyone to have, why don’t more business owners put these solutions to use?

Knowledge is easy, but application is hard.

 

According to a U.S. Bank study, a whopping 82% of businesses that fail do so because of cash flow problems. Remember that cash flow doesn’t just mean the amounts of money that are coming in and going out: you have to take timing into account, too. If you operate a business based on an invoicing system, for example, and your invoices aren’t paid until after your loan payments are due, you might end up with a cash flow problem.

Many small businesses say that finding qualified workers is their biggest problem. The NFIB survey asks respondents to identify their most important problems. In August of this year, common answers included government regulations, at 13 percent, and taxes, at 15 percent. However, the most common answer was difficulty finding qualified workers, at 25 percent. That value is the record high for the share of respondents saying that finding qualified workers is their single most important problem.

According to a Forbes Article, one of the biggest challenges business owners face is how to market to potential customers effectively and how to retain existing customers long-term. Advances in technology are making it easier for businesses and individuals to connect, but figuring out the right messaging and channels is key for businesses to be successful.

About two-thirds of business survive 2 years in business, half of all businesses will survive 5 years, and one-third will survive 10. The longer a company has been in business, the more likely it is to stay in business—it’s those first few years that are the hardest. The Bureau of Labor Statistics also tracked business survival across industries and concluded that these statistics are pretty consistent regardless of industry. Which leads us to our next statistic…

 

So What’s the Solution?

 

Who Hires Coaches Anyway

 

For sports it makes sense to have a head coach, assistant coaches and specialty consultants, but why should business be any different.

 

 

1. You Are Overwhelmed by feeling like there is too much to do and too little hours in the day, by not knowing how much profit you are making at the end of your month, and because you don't feel like you have control of your business, your employees or your vendors. — Terra BohlmannBrightBound

2. You Need a Confidant to Talk About Your Business With

Standing center stage holds an expectation for excellence. Who can you trust to speak without feeling exposed, or impairing your credibility or reputation within the organization or its clients? How would it feel to have a safe sounding board for honest feedback on your ideas and a partner to support you in the process of design, implementation and evaluation? Time to hire a coach! — Donna SpinaCoaching InDeed Inc.

5. If you're in business or thinking about starting a business and thinking, "Wow, I could really use someone to help me figure out the best way to do this," you should be considering getting a coach. Going the "lone wolf" route can cost much more in wasted time and money. — Tina DietzStartSomething/Tina Dietz Business Development

6. You Find Yourself Listening Only To Your Own Ideas

The No. 1 sign you need to hire a business coach is when you find yourself only listening to your own ideas. The higher up the ladder you are, the more people tend not to be honest and just comply. The same thing can happen to entrepreneurs because they have a tendency to work alone; they have the tendency to only hear their own ideas. We all need checks and balances. A coach can help you. — Dr. Cherry CollierPersonality Matters, INC.

A study performed last year by the International Coach Federation found that 96% of companies polled were satisfied with their decision to hire a coach and would repeat the process all over again. 70% say they experienced improved work performance, 67% saw improved life/work balance and 86% say they at least made their investment back.

A lot of pro-active leaders work with executive coaches, but a new breed of company—which includes Zappos and Shopify—is extending the benefits of coaching beyond the C-suite. This sort of leadership development initiative shows an admirable investment in people and culture, and appears to paying off in spades.

“Coaching at Shopify began ordinarily enough,”explains Boris Wertz, founder of Version One Ventures. “Cody Fauser, one of Shopify’s first employees, was promoted to CTO. It’s a common situation at tech startups: Cody was one of the best and brightest, but didn’t have C-level leadership experience. Executive coach Cam Gregg began working with Cody one-on-one. Soon enough, Cam began coaching other Shopify executives as well.”

3. You need a coach when You Intellectually Know What to Do But Don't Do It. Lack of change typically occurs because you need to experience some paradigm shifts that require someone with an outside perspective challenging your assumptions, and because you need someone to help you translate general principles into specific steps. — Elizabeth SaundersReal Life E

4. Sometimes we think we know the right path to take in our career growth or business growth, but we come to find it isn't working. In order to Get the Results We Want, we may need guidance from someone who can see things from a new perspective. A business coach can increase ROI, surge active engagement, and remove obstacles that are precluding results. — Wendi Weiner, JD, NCRW, CPRW, CCMThe Writing Guru

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7. You're Feeling Stuck and Frustrated by Others

My clients often have a similar story reappearing in their lives in different ways. A great time to work with an executive coach is when you find yourself repeatedly frustrated by others around you at work, or if you can see that you have some unhealthy workplace dynamics, but you're not sure how to really shift them. The unbiased perspective of a coach can be just what that executive needs. — Jo IlfeldSuccess Reboot

8. You Want Your Company to Grow

If you're alive and breathing as an entrepreneur, you need a coach. I'm not only a coach, I'm also the CEO of a company of 40 people. I've hired half a dozen coaches, been the beneficiary of a couple dozen mentors, and worked with multiple therapists. Your companies only expand at the rate of your own growth. Find a coach you can rely on and get to work. The ROI is ridiculous. — Corey BlakeRound Table Companies









You’re In Business For Yourself

 

But you don’t have to do everything by yourself! From start to finish, the goal of Flashpoint is to identify what’s working for you, and what needs to improve. Once identified, we narrow down a strategy, clarify short, mid, and long-term goals with you, and make the most effective adjustments available. Finally, we evaluate the entire process before scaling it for maximum results. There are three key areas we focus on that are intrinsic to the successful operation of any business…


 

Marketing &
Branding

Leadership Development

Performance Optimization

Account Based Marketing

 
 

It all started when…

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Leadership Development

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It all started when…

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Performance Optimization

 
 

It all started when…

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Stockholm's favorite hostel goes high-end

 

Offering coaching as a employee benefit not only helps show your people that you’re invested in their growth and development, but it could help prevent cultural disasters (like the open letters by former Yelp employees that are circulating Medium).

By pro-actively giving people a resource to turn to when they feel professionally challenged or frustrated—or simply to develop their personal and professional goals—companies can help increase employee engagement and retention.

When you look at the costs of low productivity, turnover, negative reviews on Glassdoor, and candid grievances aired by disgruntled employees, a coach sounds like a pretty sound investment.

 
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