Turnkey Package Should Include Mentoring
There are 3 key people you cant afford not to hire when you start a businessa CPA an attorney and a business coach. I totally agree with this statement.
During our startup phase we didnt think we could afford to hire professionals. We were so wrong! In fact it cost us more in the long run because we had to go back and redo some of our work. The business coach though or lack of one was our biggest cost factor in the terms of lost revenue. Of course we cant put a dollar amount to it but we know we would have grown faster lost less money and received revenues sooner if we had a business coach from the beginning.
This brings us to the topic of a turnkey package. Often people feel that its too expensive to purchase one and choose to begin with just a startup kit or entirely on their own. But when looking at the big picture investing in a turnkey is either a wash or truly a cost savings in the long run. A high quality allinclusive turnkey package will cost more than a startup or minimalvalue business in a box which just includes a few components. Remember that value isnt always in the box!
A highvalue turnkey package will include marketing tips and tools to help jumpstart your business. Without receiving this knowledge youll have to learn it all by trial and error. And during your first few years in business youll have questions need motivation want someone to kick ideas around with. The owners of turnkey packages who offer continuing support and consultation will provide that for you. In essence they will be your business coach.
Now lets return to the statement about allinclusive turnkey packages being expensive. What will a business coach cost you? Most charge between 200 and 500 per hour. Just two hours a month and youll have invested between 5000 and 12000 your first year. And it is rare that just one year of coaching is all that is needed. Most successful business people retain a coach on a continuing basis. Why not have that cost be included in your startup funding?
The turnkey packages that include consultation or mentoring are in essence providing you with a business coach. The owner who is mentoring you will be providing specific assistance because they know the business know the industry and have learned it the hard way by experiencing it.
About the writer: Cindy Hartman is President of Hartman Inventory LLC a business and home inventory service provider. She and her husband Mike are also owners of Hartman Inventory Systems LLC a company that provides assistance to entrepreneurs who want to establish their own homebased inventory business. http://www.HartmanInventory.com
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