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If you find yourself being surprised by new competitor offerings and customer demands, then perhaps you are not paying attention. That means making sure you are utilizing coaching and mentoring, as well as training to keep up with changes in technology and the marketplace. Demand and reward speedy analysis and execution.
Thus, in my mentoring of potential technical entrepreneurs who have a real passion for their technology, I often recommend that they find a co-founder who can manage the marketing and execution elements of the new venture. The competition will improve, the market will change, and your customers will demand more.
Too many business people let the daily challenges cause them to revert to emotional and autocratic demands, failure to communicate, and inability to coach and mentor team members. Marty Zwilling First published on Inc.com on 6/2/2022. Be a leader role model, with strong communication skills.
One of the dysfunctions I often see in my coaching and mentoring work with small businesses is team member burnout. Burnout occurs for many when your job demands are too many, the hours are too long, and the resources to handle them are too few. Marty Zwilling First published on Inc.com on 12/2/2022.
In other words, how do you recognize the challenges that really need your leadership , versus the less critical demands that seem to always bubble to the top? You can’t find the time for coaching and mentoring. Marty Zwilling First published on Inc.com on 1/26/2022.
I believe these same mindsets are equally applicable to the entrepreneurs I mentor, and all of you small business leaders, so I offer you my summary of the authors’ conclusions, paraphrased here, with my own insights: Be bold in vision, strategy, and resource allocation. Marty Zwilling First published on Inc.com on 3/16/2022.
They mentor each other, and seek out experts in domains outside their current expertise and experience. The best entrepreneurs and business professionals always find time for strategic thinking and new ideas, no matter how many times they have to say “no” to immediate demands, or work extra hours.
It’s no secret today that customers are more demanding than ever. Mentoring and coaching are also important. Marty Zwilling First published on Inc.com on 6/10/2022. You need leaders who focus on delivering value to the market and dealing with competitors, addressing customer and competitive needs now and in the long-term.
But the more you get involved with mentoring and training, the less time you have to enjoy the creative process. Even a successful bigger business will bring additional responsibilities, new competition, and more demands on your time. Marty Zwilling First published on Inc.com on 3/22/2022.
This is a tough challenge for every coach and mentor. Be prepared to create and train a dedicated support group that can keep up with your now larger and growing install base of demanding customers. Marty Zwilling First published on Inc.com on 4/18/2022.
Thus, over the years of my mentoring and consulting efforts with entrepreneurs, I have a key list of practices that I recommend to everyone starting and growing a business. You may think it’s great that demand exceeds your supply chain, but customers only remember it as a loss of your credibility, and will tell others.
Don’t be hesitant to use coaches, mentors, and other resources to test and improve your image by others, and your perceptions of business realities and biases. The business world today is very competitive, and customers are more and more demanding. Marty Zwilling First published on Inc.com on 11/10/2022.
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