Local AdviCoach Highlights Opportunities Created By Recession

SOUTHBURY — Buried in the economic rubble of this recession are three golden opportunities that local business coaches believe business owners should be leveraging in this historic opportunity. While the competition continues to cut budgets, AdviCoaches (www.AdviCoach.com) are steering small to midsize businesses to the following three strategies as ways to survive and prosper in the midst of the economic downturn:

1. Recruiting top talent. Today, the unemployed come from all industries and bring to the table an unprecedented depth and breadth of skills and experience. It is a great time for a business to recruit top talent that can, for example, be developed into a high performance sales force to rapidly expand market share, or drive research and development efforts into expanded product and service lines. As the economy begins to recover, business owners who invest in top talent will be positioned to catapult their companies far ahead of their competitors.

2. Spiking cash-flow. AdviCoaches can coach business owners to objectively review their business plans and determine what is generating cash flow and what is not. A cash gap plan can be developed for virtually any business to shrink the operating cash requirements by negotiating shorter terms with customers, longer terms with lenders, and stack-ranking inventory with a goal of quickly converting into cash those products in danger of obsolescence. A strong cash position in this recessionary environment will make or break the chances of leveraging this historic opportunity.

3. Investing in expansion. For businesses with access to working capital, it is an unprecedented time to expand by both increasing the number of products and services sold to existing customers and growing the customer base to increase market share. For most businesses, these strategies require additional technological assets that can be acquired at very favorable rates while prices are at an all-time-low.

“Business owners stand to benefit greatly from a relationship with a business coach trained to assess their performance in critical best practice areas,” says Lise Albert of AdviCoach of Southbury. “We coach clients through the implementation of the appropriate rapid impact strategies to address their performance gaps and increase profitability.”

Through a recent partnership with E-Myth Worldwide (www.E-Myth.com) clients also have access to powerful business success education programs, which can help them reach peak performance more quickly and easily.

As the recession continues and unemployment rises, many skilled and talented business people are choosing entrepreneurship as a career alternative in today’s “New Career Economy,” Ms Albert said. AdviCoaches work collaboratively with clients to provide customized education and strategic business solutions applicable under any set of economic circumstances.

Unlike traditional consultants that specialize in a particular business discipline or industry, Albert said AdviCoaches deliver a variety of services to enhance the performance of small to midsize businesses in any industry.

To learn more about AdviCoach services, contact Ms Albert at 203-405-2146 or email lalbert@theesource.com.