Cost Archives - Elevation Leaders

Is it possible to grow profitably? I have heard this is very rare…

dmncreative — Fri, 02 Dec 2022 12:36:12 +0000

Every business is unique in their goals and objectives. However, we believe the one constant that should be present in every single “private” business is Profitable Growth. There is incredible risk when growing quickly. The faster the growth, the more chances profits will be negatively affected, putting the entire business at risk. These decisions will be made upfront, in our first 2 days of Strategic Planning. We will decide as a group exactly what you want to achieve and how. This will lead to important discussions around the ability to stay profitable while attaining objectives. The role of the coach is to challenge the plan if it is unrealistic or will put the business at risk. Eveeyrs ingle business we work with (without exception) tries to take on too much. It is human nature in a capitalist society. We overestimate how much we can accomplish in the short term, and underestimate what we can achieve in the long term. It is as important to say “NO” to certain initiatives as it is to take on lofty goals. Your business coach will help you figure out the right balance. It is a learning process and will take time. But it will bring tremendous focus and alignment.

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I’m convinced about the process but my partner is not, how can I alleviate some of the concerns he/she is having?

dmncreative — Fri, 02 Dec 2022 12:35:42 +0000

This is very common. The best way to move forward is to have both the introductory call with the potential coach and what we call the free “Discovery Process” with the entire Strategic team. It is imperative the founders / owners all have buy-in to the process. Equally important is to ensure the strategic team understands the commitment you are making and are committing to the process. Those two virtual calls will give you a ton of information to make your decision. There is no commitment. It is a true learning experience. If you decide not to move forward, you will still have learned a ton along the way. Nothing is lost.

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What case studies of prior success do you have?

dmncreative — Fri, 02 Dec 2022 12:33:25 +0000

Due to the sensitive nature of our work, we don’t share specific company names, although we will provide strong references on a one-on-one basis. Entrepreneurs are always willing to speak to other entrepreneurs! From the highest level, we have companies who have 10Xed their business valuation. Two of our clients have had successful IPOs. There have also been several positive company exits.

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What if we don’t achieve the results you are ‘promising’?

dmncreative — Fri, 02 Dec 2022 12:33:08 +0000

The Scaling Up methodology is a medium to long term process. There will be some quick wins, but the biggest impact happens after year 1 as the team comes together and strategic initiatives begin to shine throughout the organization. That being said, our Brand Promise allows all of our valued clients to STOP at any given time after three months. We don’t believe in contracts. We believe in delivering a world class experience. If you are not happy, you can simply stop. We provide unlimited support to the Strategic Team and will always go the extra mile.

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What ROI can I expect?

dmncreative — Fri, 02 Dec 2022 12:32:16 +0000

There are always important gains in year 1: Team alignment, a clear vision both long term and short term, better meeting structure, stronger recruiting and retention processes, etc. These will have a positive impact in your business quickly. There are intangible gains you will also see such as an improved culture, solid engagement and better communication. It is near impossible to put this in financial terms. Our goal is to help you 10X your business valuation, 3x your profits and 2x your cash flow. It is admittedly challenging to put a timeframe on this. This depends on many factors such as the company’s level of commitment to the methodology, market dynamics, team cohesion and process execution. Realistically we encourage a 3 year commitment to the methodology (not a contract).

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How much do business coaching services cost?

dmncreative — Fri, 02 Dec 2022 12:30:16 +0000

When searching for a business coach, pricing will definitely vary based on several factors. First, and most importantly, pricing will be affected by the experience of the coach. When a coach has a strong track record of success with clients over time, it will cost more. That knowledge will often accelerate the achievement of goals while creating excellent team cohesion. Second, the methodology being used will be a key factor. There are several different methodologies that exist. Some have more tools and resources with a proven track record. It is important to understand which is best for your business. Third, every business coach will have their own structure. This includes meeting rhythm, vision building process and level of support. The level of support specifically will be an important factor in pricing. Finally, you will need to find business coaching services that fit your business size and aspirations. You can choose to invest in a more experienced coach, which could be a great decision, but it will definitely depend on your willingness to take that leap. It isn’t for everyone. To answer this question, we will base pricing on an annual coaching contract. The range will be 25K to 100K USD. The range is wide based on the above factors. It is important to meet 2-3 different coaches / coaching organizations to ensure the absolute right fit, from both a values and structure perspective.

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