Time for a check-up?

  • Posted on: 30 December 2017
  • By: Leonard Shostak

When preparing for your journey to begin or grow your business it is essential to evaluate your skill set. Lack of knowledge in some areas is not necessarily a disadvantage as we will continue learning and gain experience. It is important to know what your strengths are and what skills you lack to fill in the blanks. It is a skill with a process that can be learned. Being able to foresee future needs and manage the risk wisely will help in creating a successful business. Part of it has to do with stepping outside our comfort zone and taking calculated risks. A business coach is able to guide you in checking how ready you are. A few questions you can ask yourself are:

  • How much do I know about my business and the niche I am going after?
  • What are my key skills that will help me in running my business?
  • What is my level of management experience?
  • Who has done this business model before and what could I get out of it?
  • Who can I turn to for support?
  • What kind of life experience will help me run my business?
  • How capable am I as a leader of a team?
  • What is my reaction under pressure?
  • Can I afford to do this full-time or part-time?
  • What is my contingency plan?
  • What additional technology do we need?
  • What legalities do we need to have in place?
  • What actions do I need to take to increase chances of success?

Learning from the experts and seeing things from a different viewpoint will add to leadership skills; as we learn we increase our understanding, improve communication and learn to appreciate others' perspectives.