Alan Wick, Founder, Alan Wick Associates; Coach, Consultant, Author

Alan Wick, Founder, Alan Wick Associates; Coach, Consultant, Author

  • Alan Wick is the founder of Alan Wick Associates.
  • He is a business coach, a business consultant, a business strategist, and a best-selling author.

 

Podcast

Overview

The trend of coaching has increased significantly in recent years, and so does their need. A coach helps individuals uncover their potential, climb up the career ladder and improve their life overall by asking the right questions. Be it a Career coach, an executive coach, or a life coach, people are realizing the importance of hiring coaches and at the same time, people are showing interest in becoming a coach themselves to impact others’ lives positively.

Well, today we have invited Alan Wick, Founder, Alan Wick Associates; Coach, Consultant, and Author to share his insights with us.

00:34- About Alan Wick

  • Alan Wick is the founder of Alan Wick Associates.
  • He is a business coach, a business consultant, a business strategist, and a best-selling author.

00:56- When did you realize that you wanted to be an entrepreneur?

  • From a very young age, I wanted to be an entrepreneur because I was born into an entrepreneurial family.
  • I was an employee very young in an ad agency. I thought that I could do something of my own.
  • It was a business that rented PA systems to touring bands.

03:05- What were some of your learnings?

  • Cash flow was my biggest learning.
  • It was a business that required a lot of capital investment and had a negative cash flow.
  • My father helped me in that situation.

04:16- Journey from being an entrepreneur to a coach

  • I started as Alan Wick Associate, and that was really by accident.
  • I built up five different companies and sold them.
  • I bought one of them back. I got the backing of a big venture capital company bank.
  • I discovered that the company that was one of my early creations was in bad trouble, but I didn’t really know that until I got into it, so there was a four-year turnaround process.

06:10- What are some of the areas that you coach, or work in, as a coach?

  • It varies enormously at one end of the spectrum.
  • My job was to prepare the company for sale, prepare the management for succession and talk them through that they’ve never done any mergers or acquisitions.

12:50- Why do a lot of startups don’t make it?

  • There’s one word to answer that, and that’s capability.
  • So where there are capability gaps or a lack of capability in particular areas that lead to failure.

19:17- Three lesson

  • Stay hungry, stay foolish.
  • You must have a mentor.
  • Build a business with purpose.

RESOURCES:

You can connect with Alan Wick- LinkedIn

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  • Alan Wick is the founder of Alan Wick Associates.
  • He is a business coach, a business consultant, a business strategist, and a best-selling author.

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