It has long been said that the number one reason for business failure is a lack of capital. Businesses and professionals simply run out of money before they are able to attract the customers and generate sufficient revenue to maintain the business. In the end, they close their doors.
I have two key observations about this:
1. Most businesses lack capital, but it is rarely cash. In my experience, far more small businesses, professionals and managers suffer from a lack of intellectual capital. They don't know their industry, or their customers. They lack vision and passion, or they lack experience. Perhaps they are too greedy, and lack patience. Sometimes, they lack wisdom or integrity, and their performance suffers until ultimately the business fails.
With adequate experience and a solid business plan, the cash is usually available. The more common problem is an intellectual failure.
2. When you operate from "lack", everyone knows it and potential customers flee. Whether you are worried about cash or simply realize that you don't know what you're doing, it shows up as "trying". You "try" to close the sale, or you "try" to market or you "try" to find a solution. Trying is rarely attractive, and customers can sense it.
Become an expert in your industry or profession. Develop the confidence that you KNOW what you're doing and that you come from a place of abundance.
This is one reason highly successful entrepreneurs hire coaches and consultants. They know that coming from a place of abundance shows up in every word and every action, and ultimately creates more and greater abundance.
Operating from Super Abundance - To learn more about this author, visit Rodger Blaker's Website.
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Rodger Blaker
(Visit Rodger's Website)
Rodger Blaker Coaching LLC
Phone: 214-485-2238
www.rodgerbla
ker.com
Rodg
er@rodgerblaker.com
Rodger is a Professional Certified Coach
who is an expert at creating positive
change in business behavior, working with
solopreneurs and small business owners.
Through a proven coaching process, Rodger
helps very busy, successful leaders to
slow down, reflect, and map out critical
changes they need to make to significantly
grow their business and improve
personally.
Before opening his coaching business,
Rodger spent 25 years working for fortune
500 companies where he gained valuable
leadership experience by working with
senior and executive management as a
senior project manager.
Rodger is a graduate of the CoachU
Certified Graduate Coaching Program and he
is a member of the International Coaching
Federation where he earned his certificate
as a Professional Certified Coach. He is a
member of the ICF North Texas chapter
where he holds the position of Treasurer.
Rodger also holds a certification as a
Project Management Professional or PMP.
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