By Evan Carmichael on July 12th, 2011
Business mentor Terri Levine specializes in helping entrepreneur-owned businesses achieve record-breaking growth. Based in Philadelphia, Terri is founder and CEO of Comprehensive Coaching U, Inc., The Professional’s Coach Training Program. She has been featured on ABC, NBC, CNBC and MSNBC, and in more than 1,500 publications.
She’s also a Platinum author on my website – you can check out her articles here.
Why did you start your business?
In my heart I had passion to help other people be successful in business. It is my way of giving back to a world that has been very good to me and given me many successful businesses. I knew I had a lot of business “secrets” and wanted to share them with others by mentoring them coaching them and consulting with them. I am taking my 30 plus years (lifetime of experience) and sharing everything I know with others and when they are successful in their business I get my joy from their success!
Who was your first customer?
I got two customers at once: A woman who I should not have taken:( She had therapy issues and I had to fire her. It was hard and a great learning for me.
The other one was a large health care facility working with the CEO all C-Level managers and the entire team. This engagement was a blast and lasted for years with them raving about the results. We are still in touch today and they are raving fans. I increased revenue, decreased expenses, and facilitated stand-up meetings and created an in-house coaching program. I also coached team members, C-Level managers and mentored the CEO.
What was the hardest challenge you had to overcome with your business?
Dissolving a partnership that I should not have entered into. Realizing I want to be in charge and could not have a partner. Again a great learning going forward.
If you were to open up a new business in a different category what would it be and why?
I would not move into any other business because I have fallen in love with mentoring others in their businesses. I am at home doing what I do.
What is your philosophy about coaching and about achieving a successful business?
I believe all coaches, consultants and mentors need to believe in what they do and walk their talk. I have a business coach and always have one. It might seem odd yet it makes sense. Even though I know how to grow businesses that have created millions of dollars in revenues I need someone who is doing billions – always have someone mentor you who is running faster or doing way more. It challenges you, it stretches you and grows you and it is THE reason for my success.
Do you feel there is a specific coaching process for business owners? And if so, could you explain the process?
I do have a proprietary process I share with my clients so I can’t share it here. Parts of the program include:
- Put in place 2 ways to increase your leads
- Put in place 2 ways to increase your conversions
- Put in place 2 ways to increase the number of transactions/customer
- Put in place 3 ways to increase the amount of money each customer spend
- Decrease your expenses
- Increase your profits
As a business coach, what is the best advice you can give to an entrepreneur?
Don’t go it alone! You don’t know what you don’t know. Every business owner needs the advice of a mentor, coach and consultant who can wear all three hats. Get someone to teach you the mistakes they made so you don’t have to waste money and time making those same mistakes. You need to learn to earn. Make the investment and hire someone who can mentor, coach and consult with you who is really far ahead of you. Pick someone you aspire to be when you grow up and make the investment. It will give you the return on investment and grow your business.
Readers, do you have any questions for Terri? Leave a comment below!
Tags: business mentor, business secrets, c level, ceo, cnbc, coach training, dissolving a partnership, entire team, entrepreneur, health care facility, level managers, lifetime, msnbc, new business, platinum, raving fans, stand up, team members, terri levine