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Do you even need a business coach?

Berkonomics

Everyone, even seasoned CEO’s can use a good coach who knows how to bring out the best in a person, is knowledgeable about the business process, and who has an extended list of relationships to call upon to fill needs that become obvious in the coaching process. Business coaches come in all sizes and shapes.

Coach 156
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An experienced coach has seen your movie before.

Berkonomics

Business coaches come in all sizes and shapes. Photo courtesy IBM Business Coaching. But by far the best coaches are those that have lived through the process you’re going through and built successful enterprises in your same industry. Email readers, continue here…] How do you pay a coach?

Coach 243
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An experienced coach has seen your movie before.

Berkonomics

Business coaches come in all sizes and shapes. Email readers continue here.] How do you pay a coach? If the coach is also a significantly large investor such as a VC fund, the board member-coach will offer a limited amount of time outside of board work at no extra cost, all for the good of the investment.

Coach 179
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Nothing good happens after midnight!

Berkonomics

Time management: [Email readers, continue here…] Companies have gone out of business from a lack of time management, especially when additional capital is not available when most needed. Or even just when available at any reasonable cost in equity or interest. And we know that there is only so much available to burn at that.

Coach 156
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Need money? Read this!

Berkonomics

Friends, family and fools: [Email readers, continue here…] This term, although pejorative, describes the typical mix of early investors in a small, young growing business. In return, the accelerator often invests $25,000 to $100,000 in the young enterprise and takes from five to ten percent of the equity in return.

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How can you let a talented employee go to pursue a new career?

Berkonomics

Sometimes you can be the coach, helping them even if it means losing them. It doesn’t take much to publicly wish a departing employee well, to throw a small celebration, to coach the outgoing person if asked, and to listen and receive fair criticism at the moment of the exit interview. Five years later, I received an email from Tom.

Email 226
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Extending your Runway!

Berkonomics

There is a fine line between loading the company with too much debt and diluting the shareholders too early with additional equity investments. Further, just because someone volunteers to invest doesn’t make that person into a coach or expert, although many seem to think their investment gives them the right to be that coach or expert.

Resource 156