by Executive Coach and Keynote Speaker Carmen Carrozza
Do you know how many businesses opened their doors in the U.S. in 2009? Over 552,000. That is a great amount of Americans who have taken the ultimate chance, putting the life of their family and a good portion of capital on the line.
Now for the bad news. More than 660,000 businesses closed their doors in that same year. Another statistical fact is that over 50% of businesses don’t make it to celebrate their 5th anniversary.What is the reason for this degree of failure?
Here are the main reasons in order:
1. Lack of Experience
2. Insufficient Capital
3. Poor location
4. Poor inventory management
5. Over-investment in fixed assets
6. Poor credit arrangements
7. Personal use of business funds
8. Unexpected growth
10. Low sales
Yes, there is a common thread that could lead to any of these. A bad business plan or a lack of one altogether. There are businesses that succeed without a solid business plan, but those are far and few between. Are you willing to put it all on the line and “Hope for the best?” That, my friends is crazy.
Whether new or existing, every business in this complex global, digital and economic environment needs to be on top of their game. Without forward critical thinking, any business is at risk.
Post any questions or comments you have about business plans and I will be glad to respond to all of them as we travel this road.]]>
It was early one morning in mid-November of last year when I first felt it. An amazing pain shooting from my lower back down into the front of the thigh to my knee on the right side. Immediately I thought I severely pulled a muscle. When I was pained to my knees in the local grocery store about 10 days later, it was time to call my doctor. during her exam, she noticed there was no reaction to the old hammer to my right knee. I was told to get an MRI ASAP, which I did. Two days later the pictures on the PC didn’t lie: A herniated disc at the 4th and 5th lumbar.
I spent the next few weeks in extreme pain, working with my marvelous physical therapist, Jennifer. Unfortunately, the pain worsened. I could barely take a few steps at a time, hanging on to anything I could to gain some support. It was like a sword being placed through my lower back to my right knee ALL the time. Prescription drugs barely gave any solace from the constant agony.
In mid February, I visited my surgeon and her words as she watched me woefully hop into her office were, “It’s time for surgery.” Back surgery? As much as I feared and avoided it, I would have lied down on the bench and had her slice me right then and there.
As I awoke from anesthesia, the relief was palpable. For those of who don’t know, a herniated disc is a when the disc between your back bones basically explodes open, with the contents lodging against the nerve root. The operative procedure removes the disc material and cleans up the area, allowing the nerve to heal and work normally again.
I have been lucky so far. My surgeons’ work is done, and my physical therapy is becoming more aggressive. I can walk normally and hope to minimize any pain discomfort with core exercises and learning how to manipulate my body without causing too much pressure to my lower back.
As a business and life coach, I take this experience as an opportunity to not only form a more enlightened understanding of pain management, but how to live with it and still continue to thrive and grow. Pain does not always mean physical pain. There can be underlying issues like self-doubt, past failures, and general insecurity to move forward. My job as a coach is to work with those who have regained the courage to move past these negative devices and move in direction driven by desire and new born motivation.
There is no richer feeling for me than to know I participated in raising the spirit of a company or individual to the point where they take positive action and look forward with confidence. That’s why I do this. Need help? Contact me today at 888.616.COACH (2622)!]]>
Every time you have to make a decision, what is your process? Most people think about what they did in the past and then formulate a response. Think about the repercussions of this lack of foresight. Yes, it is important to learn from the past. That doesn’t mean our decisions should be totally influence by our past experience. One mental process the most successful people use when decision-making is, “What can I do that will create the result I am am looking for.” It may have nothing to do with past results, rather it is about what they want to accomplish.
So, next time you are going through that moment in the decision making process when you search your brain cells for what you did before, even if it was successful, shut it down and explore your creativity and see if there are alternatives that inspire you to think in Forward Motion.
Need help with this practice? Contact me today at 888.616.COACH (2622)!
It would be quite normal for a business and life coach to have a radio show that is about self help and guests that speak about coaching and self-help.
Not Forward Motion. My weekly radio program, heard locally on 1490 WGCH out of Greenwich CT and live streamed at www.wgch.com, is much more than that. My goal is to talk about topics that affect businesses and individuals every day, then discuss ways to overcome obstacles, control what is controllable, and provide guests that add value to my listeners.
I want everyone out there to be aware of what is really going on in our economy, and the effectiveness and rapidity to which our leaders respond.
My guests have included Lawrence Smith, a member of the Financial Accounting Standards Board, Carla Rose Fisher, editing, writing and marketing guru, and Sal Provenzano, insurance expert.
I have entrepreneurs, professionals and businessmen, anyone that can tell their story that helps you, whether it be their successes, failures, obstacles they have overcome, or pure information to help your business become more successful.
Business and life are complex, taking into consideration global commerce, technology and unlimited communication. You have to be prepared to move forward with focus and determination.
I believe one of the only ways to reach your goals and dreams today is with a professional coach that is a guide, and knows how to take you on a journey to new levels of confidence and success.
Tune in every Tuesday at 4:00EST or listen to podcasts at www.wgch.com.
Your business and your life can’t wait.]]>