When your business feels stalled out or in a lull, executive coaching and strategic planning will help clarify your next level vision and action plan.

Most owners don’t plan for a lull or stall as their business takes off, but they should.

It’s not uncommon for Second-Stage Business Growth to experience a deflation after the exciting, demanding whirlwind of a First Start-up phase. ✅ Often for good reasons.

Limping along or stalling out signals aspects of your business plan and people that need attention. Things arise that need to be corrected—or adjusted—to circumstances you could not/did not anticipate during your start-up phase. Any or all aspects of your fairly new, potentially rapid-growing business may need to be re-evaluated.

Rather than slowing down to reevaluate and reset, many owners try to gut it out. They push forward only to face the same issues in another year, or two, or more.

Eventually, the majority of these businesses become toxic.

They cease to thrive. And data shows that many of them fail. Current statistics show 10% failing in one year and 90% failing within 10 years.✅

💟So, having put your heart, soul, and creativity (time, energy, and money, too) into this business venture, I want you to be smart—to become a wise, long-term business owner. This is the time to get your ego out of the way, stall out or not, face the Second Stage and Third Stage Growth re-evaluation process, and refine your business as an opportunity.

✅ Start with your own leadership.

This is a fertile time for Executive Coaching. Then, expand the opportunity for growth by involving your team in the re-evaluation.

You and Your People are Your Greatest Business Asset. Preparing for Second—and Third-Stage Growth is an opportunity for everyone to become more self-aware and more involved, communicate openly in safe circumstances, clarify needs, and innovate pathways to current and future growth—and do it together.

The goal is to bring together everyone’s vision and capabilities, fully focused on the business’s needs.

💡Opening yourself as CEO—as Business Partners, Owners, Founders, Top Executives, and Leaders—to professional growth through Executive Coaching with a Business Development Focus will hone your decision-making. A re-evaluation pause at this stage will ignite growth so you go further, faster.

Carrying these values throughout your company generates loyalty and creativity among all your employees. Others will want to work with you.

☝️ My best advice is to take any potential discouragement as an opportunity to get an outside perspective.

Having a relationship with a trusted coach, advisor, or consultant is a necessity in any successful business today. This business growth and development phase is one of the joys in my professional life. While re-evaluation can be hard work, it’s also exciting and energizing for those I work with, speeding up their business development.

A pause to reevaluate has long-lasting benefits. In addition to coaching, we typically add opportunities for capability assessments, team conversations, and even two-day Strategic Planning Retreats.

With change and decision-making clarified and brought back into day-to-day work life, a lot gets done. Professionals have been renewed. They are happier, healthier human beings. They are more productive, effective, and efficient. Companies thrive.

✅ Here are additional resources to help you better understand your current business lifecycle, what you need to know or do to move to the next phase, and how to achieve success along that journey.

#businessstrategy #navigatinggrowth  #executivecoaching #businesscoaching #drjanhoistad

Dr. Jan Hoistad
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