Have you got a Strategy? Is it right for your business?

On Module 3 of the Business Growth Course you’ll be introduced to eleven potential strategies and evaluate which one is right for your business based on your Vision and Goals, and the Diagnostics you created in the previous session. Having the right strategy for your business if fundamental to your success!

What Does Module 3 Include:

The saying goes, “if you fail to plan, you plan to fail”. When preparing for growth in your business, it is essential to know exactly where the business is heading and how you are going to get there.

In this session you will be building on the work you have already done to set your Vision and Goals, and combining that with the in-depth knowledge you now have about your business from the Diagnostics session, to create a realistic plan for growth. During this session, you will start to work on the Strategy Document for your own business.

What you’ll be covering in this session:

• How far ahead can you realistically plan for?
• The key elements of Strategic Planning—Competitive Advantage, Adding Value, Mass markets vs. Niche Markets, Cost-Based Strategies & Market-Based Strategies
• Examining Contingency Plans and Growth Plans
• Corporate Culture—what is it, what drives it and how do you go about defining the culture of your company?
• Integrating your Strategic Plan with your Vision, Aims and Objectives
• Using Analysis tools such as SWOT and PEST within your Strategic Plan
• Porter’s Five Forces model and how this can be applied on a practical level within your business
• The resources that you need to implement your strategy
• 11 Different types of Strategies and how to choose the strategy/strategies that will enable your business to grow and meet your objectives

Find Out More about the Business Growth Course

For more information on the Business Growth Course and upcoming start dates, click here.

The Business Growth Course, led by Patrick White, takes place over 6 weeks. The 2 hour sessions are perfect for learning the theory and then applying to directly to your business.

To find out when the next Business Growth Course starts Click Here

Or call Lenka on 020 7939 9910  to discuss whether the course is right for your business.

Read Testimonials for this Course

Funding is available via Train to Gain. A Home Study Course is available.

Watch the Full Video by Clicking Here

To find out when the next Business Growth Course starts Click Here

Or call Lenka on 020 7939 9910  to discuss whether the course is right for your business.

Read Testimonials for this Course

Funding is available via Train to Gain. A Home Study Course is available.

To hear the full interview Click Here

SME Academy in London offers all three services which are explained below.

The terms small business coach or business mentor are often used interchangeably within the business world, but what do people really mean when they talk about small business coaching or business mentoring? And how are they different from executive coaching or life coaching?

Countless articles and text books tell you that mentors use coaching skills and that coaches can act as a mentor – not much help is it?

The reason for this is it is actually very difficult when you’re a business coach or mentor NOT to utilise both techniques because when you’re working with a client on building their business you often have to be a supporter or coach, an experienced guide or mentor and also to provide one on one training in business skills and soft skills such as leadership skills, communication skills or negotiation skills.

The best business coaches are able to help you to:

• think strategically and so can assist with business planning and strategy
• work out how to increase business through offering guidance on sales and marketing techniques
• be a better manager or leader by helping you with communication skills, dealing with difficult people, confidence and assertiveness
• manage your stress levels through more effective time management, delegation and giving you back a sense of work/life balance

However, not all business coaching organisations can offer this in one person and if you go to a specialist life coach they might be able to help you with the soft skills and life planning aspects but won’t be able to offer you guidance on building your business because they typically use what’s called a ‘non-directive’ approach, i.e. they won’t offer advice or suggestions but help you to draw the answers out from within yourself (assuming of course that at some level you DO know the answer!).

So as a potential user of small business coaching or business mentoring services how on earth do you find a suitable coach?

Ask around and be prepared to devote some time to talking to a few suitable business coaches. Don’t just ‘jump into bed’ with the first person you speak to (unless they meet all of your criteria) and have an initial discussion with them to work out if the two of you can work together.

At SME Academy we always offer a free initial consultation either by phone or in person to talk about your needs and then we recommend the person on our team who fits your requirements. On-going packages of coaching time are then arranged with you as required. You can view a sample of the standard packages available at www.smeacademy.co.uk/courses/business-coaching-mentoring/

To arrange a free no-obligation consultation please call Hannah McNamara at SME Academy on 020 7939 9910 or +44 20 7939 9910 or contact us via our contact page.

SME Academy is based in central London (SE1) close to London Bridge station and Borough station which is a short walk across the bridge from the City of London and Bank/Monument stations.

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