Business Support Coach at Founders Factory July, 2024

About the Role:

• The Business Support Coach will play a crucial role in supporting entrepreneurs sourced directly from the market who meet the specific eligibility criteria for the Business Support Accelerator.
• These entrepreneurs are distinguished by their operation of a registered business that is less than five years old, offering a product or service with proven market viability (minimum MVP) and demonstrating at least six months of revenue generation.
• Additionally, they must be fully committed to their business full-time and available for the entire duration of the program.
• The coach will guide these entrepreneurs through intensive development stages, leveraging their refined business ideas and models to help them effectively utilise a $5,000 grant to scale their business initiatives.
• The coach will be instrumental in guiding these entrepreneurs through a structured 12-week program aimed at achieving key outcomes in market alignment, customer traction, and operational understanding.

Key Responsibilities:

Month 1: Business Deep-Dive and Analysis

• Support the entrepreneur to conduct a comprehensive review of their business’s customer engagement, product viability, and business strategies
• Participate in bootcamps, workshops, webinars, and 1:1 coaching sessions
• Support entrepreneurs to identify critical success factors and develop actionable pathways for entrepreneurs

Month 2: Strategy Development and Execution

• Support entrepreneurs to identify the best strategies and gain clarity over actionable steps needed to unlock their business growth
• Support entrepreneurs to execute strategies to address identified gaps and enhance the skills of the founders and their teams
• Support founders to be accountable in implementing effective and targeted business strategies addressing their identified needs

Month 3: Growth and Scaling Strategy Implementation

• Guide the development and execution of growth and scaling strategies
• Support the entrepreneur to strengthen their business’s fundamentals to prepare for scaling
• Support entrepreneurs to develop and execute strategies that lead to sustainable revenue growth and reduced costs
• Support entrepreneurs to foster broader social impact by enhancing market value and creating more jobs

Engagement Framework:

The Business Support Coach will engage in a series of structured activities designed to unlock business growth. The engagement required is approximately 12 – 13 hrs in a week excluding the bootcamp duration that requires full-time engagement. The framework below outlines the interactions and expected outcomes across different engagement types starting 5 August 2024:

• Onboarding:
• Orientation to program goals and methodologies
• Duration: 1 week
• Selection Support:
• Assist in selecting entrepreneurs for each new cohort
• Duration: 1 week
• Pre-Bootcamp Launch Preparation
• Assist in co-creating a detailed bootcamp agenda and recognising roles and responsibilities for some facilitation at the bootcamp
• Assisting in reviewing slides and presentations for the bootcamp
• Bootcamp Launch:
• Participate in the boot camp, training and engagements with entrepreneurs
• Help facilitate, co-create the program and design of the bootcamp
• Duration: 1 week. (Full-time engagement required for the 1 week duration ie 17th September – 20th September)
• Monthly Workshops:
• Attend and facilitate sessions during the monthly in-person workshops to dive deep into key business topics
• Weekly Coaching:
• Provide personalised guidance in weekly one-on-one sessions
• Collaborate closely with entrepreneurs during virtual working sessions,providing targeted guidance to overcome strategic challenges
• Weekly Team Meetings:
• Participate in team meetings to discuss progress and strategies
• Office Hours:
• Offer weekly open hours for spontaneous queries and support

Reporting:

• Monthly Reports: Summarize key activities and outcomes
• Weekly Updates: Provide insights into ongoing progress
• Program Conclusion Report: Deliver comprehensive assessment at the program’s end

Qualifications:

• Bachelor’s degree in Business, Marketing, or a related field; MBA preferred
• At least 5 years of experience in business development consulting or a similar role, specifically supporting startups or SMEs in product development, growth strategies, financial and operational management & strategic planning
• Strong practical coaching skills with an emphasis on providing industry insights and facilitating working sessions that address specific entrepreneurial needs
• Proven track record in developing and executing go-to-market strategies that have successfully driven customer traction and business growth
• Excellent analytical, strategic thinking, and problem-solving skills
• Exceptional communication, interpersonal, and mentoring skills
• Ability to work independently and as part of a team, managing multiple businesses with diverse groups of entrepreneurs