A Business Transition Plan Makes Moving On Easier

Leaving your company for the next phase in your life may feel more difficult than you anticipate, especially if you’re selling the company. Make your exit plans early to ease your own transition when the end is in sight. Think about the kind of exit you want to make. Which way will you go? What will you choose to do next?

After all, you put a lot of yourself into building your company. Plan your transition to the next phase of your life with equal care and thought.

David can help you develop a business transition plan that ensures a smooth transition while looking out for your financial future.

For more information, visit our website!

Are You Ready for the Next Phase in Your Life?

Have you taken your business as far as you want it to go?

Are you thinking it’s time to retire and enjoy the life you’ve built?

Your strategic plan guided you through various transitions in your business, leading up to the exit you’re now considering. But once the end is in sight, there are other details to consider. For example, how you leave, what you leave behind, and how it will affect you financially. 

A business transition plan that covers all those elements is key to a seamless exit. It also ensures you’re prepared for the next phase of your life.

To learn more, or to schedule a free call with a business coach about your business transition plan, visit our website!

Plan for the Unthinkable!

Few business owners would have predicted a pandemic in 2020. But savvy business owners may have planned for contingencies such as supply line interruptions or workforce shortages. Pandemics, natural disasters, rent or location events, or the unexpected loss of life – these are things we don’t want to think about. But if you don’t think about them, and the unthinkable happens, how will your business hold up? 

Make planning for the unthinkable a critical part of your strategic planning. Call David for guidance! 

For more information, visit our website!

A Real Story from an Ann Arbor Business Owner

So, what does a business coaching relationship really look like?

 

Here’s what a former AdviCoach client had to say. He was a local business owner in the Ann Arbor and Dexter area and was looking for some help with an established but struggling business:

“From the very first meeting, David acted like a partner in my business. He asked probing questions about my business, receiving my answers without judgment, and demonstrated a true desire to understand how my business was operating. He was prepared and engaged for every coaching session. He made sure we made progress each week, driving the process both during our meetings and afterwards with email correspondence and follow up phone calls as required.”

During this process, the meetings were streamlined by using prepared forms that have been refined through the years. Nothing in the business coaching process is ever “pre-fabricated,” but using these resources allows the coach and client to quickly get on the same page and begin tailoring strategies to the business.

After a few weeks of working together, a custom strategic plan to achieve the client's goals had been drafted. The next period of time (typically 12 months or more) was about executing his specific plan. He was left with the tools he needed to monitor his business beyond the coaching relationship. At the end, he knew what his goals were, how to achieve them, and what to do when he encountered obstacles in the future.  

Keep on reading to learn more about business coaching!

 

What Can a Business Coach in Ann Arbor Do for You?

Business coaching is fundamentally about developing you, the owner of your business. In many ways, it’s like earning a master’s degree in running your specific business. A coach will help you move out of your comfort zone.

Of course, this can take many forms based on your situation, but the end goal is always to transform you into a more successful owner that has the skills needed to meet any challenge in the future.

This often involves digging into some deeper questions—what’s motivating you? What’s holding you back? What support do you have, and what would you need to achieve to consider yourself successful?

Along the way, we’ll work on learning what you need to answer these questions and start implementing lasting, transformative change.

Business coaching isn’t about quick fixes or cookie-cutter solutions. It takes a willingness to answer these hard questions, and the drive to change them.

Keep on reading if you'd like to know more about what business coaching is and isn't!

Changing Yourself and Your Small Business in Ann Arbor

Maintenance: Staying on Track

Pre-Contemplation, Contemplation, Preparation, and Action are all vital stages for change.

But it’s one thing to recognize the problem and do something, but another thing entirely to make it a sustained part of your routine. At this stage, consistent and frequent action is key. 

If you’re not getting immediate results, or getting bogged down in the details, remember your sources of motivation, and the problem you’re trying to fix.

Keep in mind that relapsing into old habits can and will happen—and that’s ok! If you do find yourself going back a step, it’s not the end of the world. Your goal at this point should be making sure that your moments of relapse become less common and happen further apart. Change won’t happen overnight, so don’t worry about perfection.

If you're interested in growing yourself your Ann Arbor small business, read more about the stages of change on my site!