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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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Hire on ability. Fire on fit.

Berkonomics

Email readers, continue here…] But experience tells us that more often the person just didn’t fit in, a reference as much to the culture of the enterprise as to the efforts of the new hire. When experience meets cultural fit.

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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

Your historical trading information including financials and a “customer file” which shows the history of your transactions so that investors can run “cohort” analyses Customer reference, personal references, key team members, compensation, cap table, stock option plan, etc. Reference Calls I do the exact same for reference calls.

Funding 336
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Are you willing to hire slowly but fire fast?

Berkonomics

Email readers, continue here…] We are all guilty of hanging on to marginal employees for too long. Coaching them to a better fit or even out the door may well be the most humane thing to do. It is human nature to hire as quickly as possible, to reduce the time taken from a busy day for interviews and reference checking.

Coach 156
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Hire on ability. Fire on fit.

Berkonomics

Email readers, continue here…] But experience tells us that more often the person just didn’t fit in, a reference as much to the culture of the enterprise as to the efforts of the new hire. For the sake of protection, there should be at least several coaching sessions and a documentation of these sessions in the employee record.