Great Coaching Questions for Your Next Adventure

Seth Godin continues to be one of my provocateurs. His short blog posts raise more questions than they answer. Below are several questions he raised over with someone getting started in a new business. These are excellent coaching questions for any of us.

A few things came up over coffee the other day. His idea is good, his funding is solid, there are many choices. Some of the questions that don’t usually get asked:

Are you aware of your cash flow? …

Are you trying to build profit or equity? …

What’s your role? …

Are you trying to build a team? …

Which kind of risk is okay with you? …

And finally, and most important, why? Why are you doing this at all?

Check out his original post with his commentary on “Question for a New Entrepreneur.”

Carol Roth @ Change This – Sober Entrepreneurship: Why Modern Entrepreneurs Won’t Succeed Under the Influence

According to the Kauffman Foundation, we are seeing approximately 6 million new businesses created every year. Most of those aren’t driven by innovation and if recent history is an indicator, they won’t grow or even exist five years from now.

If we are going to hang our hat on entrepreneurship, we need to ensure more successes, avoid the number of true failures and make sure that we have the right people pursuing the right opportunities at the right time with the right preparation.

Friends don’t let friends start businesses under the influence.