Channel Eye has joined forces with Royston Guest, leading Business Growth Coach and CEO/Founder of Pathways Global, in our column, ‘Ask the Business Coach’.
Seasoned business or a fledgling start-up, business owners and leaders all face common challenges, and how you respond to those challenges can determine your business’s success or continued success. My video this week explores the three most common challenges that many businesses face today and those challenges that all too often can lead to a business’s demise.
Three key takeaways
- People challenges
- Costs and Cash
- Sales and new business
Episode timestamps
- [1.00] Business would be easy if you didn’t have to employ people or have clients! People are crucial enablers for your business, but they also bring the biggest challenges in recruitment, selection, training, development, cultural engagement, and productivity.
- [2.09] Every business leader I talk to daily says the same thing – costs are going through the roof. The cost-to-serve model is putting pressure on margins, and coupled with cashflow challenges, you have a perfect storm.
- [3.30] Customers have more choices than ever, making them less loyal and constantly shopping for the best deal. How do you keep retaining them in this
competitive landscape?
Do you have a question for the Business Coach?
Send your questions to [email protected]
Missed a previous episode? Catch-up and watch the series here.
