Business Coaching, Do you Know its Advantages?

Business Coaching, Do you Know its Advantages?

Coaching is based on the belief that the person that the coach has before him, his “coachee”, has all the answers within him, and his role is to accompany him in the process of revealing them. In the field of a company, this translates into a set of techniques focused on the company’s human team, people, to improve their motivation and effectiveness.

The main asset of a company is its human team, without distinction of hierarchies.

No matter the level of the workers. All members of a company play a relevant role in it, to the extent that all can, in one way or another, affect their results.

On a day-to-day basis, people may encounter problems that, although they may seem minor, may throw the best of projects overboard.

What problems are those? From a toxic work environment or demotivation to a lack of passion for the client and even for the work that is done.

In all these cases, coaching can be a great alternative when it comes to overcoming them and getting the human team to be cohesive and motivated.

Business Coaching, Do you Know its Advantages?

And that is the first premise of coaching: motivation and attitude. Without those two points, it is impossible to obtain personal or economic benefits in a company.

The coaching business allows you to analyze the situation of your company and seek solutions through a series of motivational tools. The first thing is to recognize that something does not work and find the right way out. There is website from where you can easily learn more about business, especially entrepreneurship, Business Study Notes http://www.businessstudynotes.com/. Business Study Notes is all about FreeOnlineNotes and business education.

How can coaching help your company?

  • Identify the purpose of your company or business, what you want to be reminded of tomorrow.
  • It will also help you to identify the corporate values for which you want your company and the people that are part of it to be governed.
  • You will be able to set the medium and long-term goals that you want your company to achieve.
  • You will identify the winning keys of your company, those that will facilitate you to reach the set objectives.
  • Create a work environment where your team feels happy and therefore gives the best of itself every day.
  • Align your personal values with those of your company.
  • Improve the effectiveness of your managers and your leadership skills.
  • Orient the individual behavior towards the objectives of the company.

Is it effective?

A survey prepared by the consultancy The Alternative Board states that 81% of entrepreneurs have noticed the positive impact of business coaching in their businesses. In Australia, most of the people are very satisfied with business coaching from https://unlockingyourfuture.com.au/.

According to the Unlocking Your Future Business Review, coaching focuses on the future, encourages individual performance in the business context and helps entrepreneurs discover their own way forward.

The Australian Insitute of Business also points out that business coaching is also beneficial for human resources since it reduces staff turnover while promoting the attraction of talent and its use.

But above all, it increases the self-esteem and confidence of the coachee, which is directly proportional to the chances of achieving its objectives. Here one

Does it translate into profitability?

Without any doubt, coaching is an investment. Job satisfaction adds to the final profitability of the company.

The figures do not lie. The return on investment (ROI by the acronym in English) of business coaching is impressive.

A survey of 100 executives of companies on the Fortune 1000 list revealed a 5.7% increase in investment in business coaching.

The only question that remains to be asked is, are you willing to make that investment?

Risk Assessment in Business Plans | Business Study Notes

Business Study Notes

The 8 March edition of Les Echos newspaper reports the resignation of EDF’s chief financial officer, Thierry PIQUEMAL, because of a deep disagreement with the group’s management. The disagreement concerns the profitability and risks inherent in the proposed construction and operation of two EPR plants in south-west England at Hinckley Point.

A financial situation of the group of concern

According to Thierry PIQUEMAL, this project could threaten the very existence of the EDF group! The amount of the investment is estimated at 23 billion euros while with a financial debt of 37 billion, the group is considered in debt.

Being a shareholder in the company carrying the project up to 67%, EDF would fully consolidate in its accounts. The group’s repayment capacity is currently degraded due to the fall in the price of electricity, the group must also face other significant expenses related to the modernization of the French nuclear fleet. Two other similar EPR projects are lagging in Flamanville and Finland.

Risk review raises fears for project IRR

Many factors could call into question the estimated internal rate of return (IRR) of more than 9% while the IRR expected by the group is 9.2%. The journal refers to a risk review highlighting the following hazards:

  • The construction schedule for both plants is considered too optimistic. A delay of 4 years delivery would cost 4.4 billion pounds and lower the IRR to 7.8%, below the expected profitability by EDF. This planning could all the more be called into question as the design of the project is still under discussion with the UK nuclear safety authority.
  • The legal experts believe that the contractual clause guaranteeing EDF a selling price of 92.5 pounds per megawatt could be called into question in the event of a too marked difference with the market price, (theory of unforeseen in contractual law). In fact, this guaranteed price would already be twice the current market price.
  • The assumption of a plant availability rate of 91% is considered high. The sensitivity analysis shows that a variation in this rate has a significant effect on IRR.
  • Finally, the amount of indebtedness and the cost of financing the project could be higher than expected due to the use of hybrid financing. Financing is a crucial element considering the amount of the investment and the duration of the works. The first cash flows are not expected at the earliest in 2025 for a start of work in 2019.

As per research of Business Study Notes: Risk assessment is of paramount importance in business plans as it poses a threat to future cash flows. It is necessary to evaluate the realistic nature of the activity hypotheses, to carry out a sensitivity analysis, to simulate the financial impact of adverse scenarios, in connection with the various experts contributing to the project, or even to evaluate the scrapped value. of the project (reversibility analysis). Remember Business Study Notes is a huge blog, which is trying cover all the tips and tricks, which uses in business, especially the students of MBA, BBA may easily get ready for their exams through Business Study Notes.

The alert role of the CFO to ensure the profitability and sustainability of the group

Guarantor of the profitability and sustainability of the company, the CFO must ensure the assessment of profitability in the investment selection procedure and sound the alarm when necessary. However, it should not be content to play the role of censor but endeavor to suggest courses of action to improve profitability, shorten the payback period, limit the maximum cash flow, etc.

The French government has many good reasons to promote this project: the strengthening of diplomatic ties with Great Britain, the promotion of French technology internationally, …. These objectives must, however, be part of a healthy financial situation that alone ensures the long-term development of the company.