Rosia Bay Ltd

“Does coaching work? Yes. Good coaches provide a truly important service. They tell you the truth when no one else will.” Jack Welch, Former CEO of General Electric Entrepreneurs and business leaders have a lot of preconceived notions when it comes to business coaching. But if these beliefs are holding you back from getting an effective business coach , you’re missing a huge opportunity to improve your skills and your business’s performance. Business coaching is specifically tailored for your unique situation,and it therefore helps you make better decisions and become a better leader. Over the years, I have heard lots of excuses as to why a business coach was not of interest, equally, the quotes from leaders after they completed successful coaching provides the evidence that an investment in an effective business coach has a significant return on that investment. “Coaching is expensive.” The reality? Running a healthy, well‑managed business leads to both cost savings and...

The majority of business turnaround books are written by executives who have fixed large failing companies. These individuals implement business turnarounds by cutting large numbers of employees, tapping pension funds, getting banks to infuse capital and selling off assets to raise cash and decrease debt. Having delivered several of these, I know its process that is easier to adopt when you have large reserves or assets and people. However, I have also delivered turnarounds in SME businesses across the World and few small- and mid-size companies can make such dramatic business turnarounds changes. These businesses can have a difficult time getting a line of credit from a bank, typically don’t have meaningful assets to sell to increase the company’s cash position and can’t afford to lay off large numbers of people. To implement the keys to a successful business turnaround, you need to deliver the following steps. Write business, sales, marketing and operation plans Companies wh...