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Discovery session - coaching business
The orientation work of the coach towards the client is generally done through coaching sessions. A coaching session is the space in which the client and the coach exchange ideas and communicate on the various issues to be addressed on the way to the client's readiness. Some of these initial sessions are known as discovery sessions, and are essential to formulate as accurate a profile of the client as possible.
In this guide, we will address some of the key issues you need to master in order to successfully conduct your discovery sessions.
One of the most important aspects to address in your discovery sessions is the client's previous experience and personal background. Knowing these elements will allow you to identify the areas you need to work on to adequately prepare the client for the business he/she wants to start.
Starting out in a market that you have never been a part of, even as an employee, can be complicated. The more experience and preparation the client has in the type of service or product you intend to offer, the better your chances of making your venture prosper in a successful way.
The fact that a client has no prior experience does not mean that he cannot start a business, as long as he is willing to compensate for this lack through other resources. For example, he can partner with someone who has the theoretical and practical knowledge he lacks, or invest time and money in his training before launching his business.
When starting a new business, it is crucial to have enough time to manage and develop a series of necessary actions before the venture becomes profitable. It is common for many entrepreneurs to start a business while maintaining their formal employment to cover their financial needs until the business thrives.
While this is not a problem in itself, it is essential that the entrepreneur has the necessary time to manage the business, otherwise the results may not be positive. Not all businesses require the same level of attention, for example, some franchises have an automated model that facilitates their management. However, the management of a business is not limited only to operations or work processes, it also includes aspects such as marketing, finance and legality, which will need our attention, especially in the initial months.
The last point we will address in this guide is financial resources. While the availability of time is one of the most important resources to make a business prosper, economic resources are essential to cover the various necessary expenses, such as obtaining permits and licenses to carry out any economic activity. The capital required to start a business from scratch will depend significantly on the type of venture you want to create.
Therefore, it is essential to know the approximate amounts of capital needed for the type of business we are getting involved in. This way we can make sure that our capital can cover these demands for the time necessary to make the business profitable. Finances are a delicate subject that must be handled with precision to avoid forced interruptions along the way due to lack of capital.
