In today’s economy, businesses face many challenges. Yet according to business coaching franchise Winfree Business Growth Advisors, the real challenges a business faces are there in good and bad economies. Winfree Business Growth Advisors refers to those as “The Seven Major Killers of a Business”.
“There’s no question our economic times play a role in whether businesses succeed or fail. More often than not, a bad economy exposes a business’s flaws,” said Dr. Keith Winfree, founder of Winfree Business Growth Advisors. “Ninety-five percent of the businesses that fail will fail because of one of the Seven Major Killers of a Business—and a bad economy will only hasten that result.”
The Seven Major Killers include:
- Marketing and Sales
- Recruiting and hiring of the right people for the right job anywhere in a company
- Coaching and mentoring of key people anywhere in a company
- Cash, gross margin, and net profit
- Business valuation, exit strategies, succession planning and business transition as Business Brokers.
- Innovation through quality improvement and other industrial engineering processes (Baldrige National Quality Program)
- Leadership/Legal/Risk Management/Wealth Management
While any one of the “killers” can put a small business under, Winfree cites recruiting and hiring of the right people and coaching and mentoring as the two critical ingredients.
“Hiring the wrong sales people is a common area where business owners go awry, usually because they haven’t clearly defined what they’re looking for in a sales person and then fail to mentor and manage them once hired,” said Winfree. “The end result of hiring the wrong sales person can cost a company as much as $250,000 in lost sales and damage to the company’s reputation. Two or three bad hires can literally kill a business.”
Located across the United States, Winfree Business Growth Advisors coaching franchises help sales professionals and small business owners maximize growth potential and take their respective businesses to a higher level through cutting-edge sales coaching, business coaching, sales training and seminars. Unlike other business coaching franchises, Winfree Business Growth Advisors coaching franchises guarantee results.
In addition to coaching small business owners, Dr. Winfree speaks to many business organizations. Those interested in having Dr. Winfree for speaking engagement can call 800-616-9260. To purchase a copy of Winfree Rules of Surviving the Sales, Marketing and Business World, an e-book which sells for $9.95, visit Winfree Business Growth Advisors Web site at www.winfree.org.
About Winfree Business Growth Advisors
Located across the United States, Winfree Business Growth Advisors coaching franchises help sales professionals and small business owners maximize growth potential and take their respective businesses to a higher level through cutting-edge sales coaching, business coaching, sales training, and seminars featuring Winfree’s signature Black Belt System™–a Five Phases and 12 elements covering everything from initial marketing efforts to customer retention.
Winfree Business Growth Advisors currently runs coaching franchises in California (San Francisco and Los Angeles), Illinois, Kentucky (Louisville), Massachusetts (Boston), New York (Manhattan), Texas (Dallas-Fort Worth) and Virginia (Hampton Roads) as well as in Canada (Winnipeg, Manitoba).
For more information on Winfree’s programs or franchise opportunities and available an Area Development territories, please go to www.winfree.org or contact Dr. Keith Winfree at (800) 616-9260.