Congrats! You’ve started a business. You’ve managed to overcome all the initial obstacles that face new (and even experienced) business owners, but what happens when growth starts to decline, or inversely, when your business thrives so much that you start to lose control over the process? As a business owner, you constantly feel pressure to make the right moves and know all the right answers, unfortunately, we can’t know everything. The good news is there are resources out there to help. In fact, behind most great business owners, there’s a really great business coach helping them gain even more success.
For many business owners, the return on investment of hiring a business coach reaches far beyond the potential for financial gain. The real value of a business coach rests in their ability to approach setbacks and challenges with a fresh perspective, to identify and achieve goals, and to ultimately guide you to where you want to be.
So, how do you know it’s time for a coach?
You have new ideas and concepts, but need to talk them through.
When it comes to making hard decisions, sometimes what you really need is someone to listen. Business coaches act as a sound board, asking invaluable questions that lead you to solutions and innovations that are best for you and your business. Great coaches suspend judgment and give honest feedback as an outsider who knows the nuances of your business.
The day-to-day is overwhelming.
Business owners put everything they have into making their business successful. Prioritizing can be a very difficult process, especially when everything seems important and urgent. Business coaches help evaluate your processes, check for efficiency, and make suggestions on what to do and when to do it. The goal of a business coach is not to run your business for you, but to serve as mentor as you navigate through the challenges and successes of operating a business.
Goals go unachieved.
It’s easy to think of business goals, but the underbelly of achieving those goals involve strategy, action, and accountability. Not everyone can hold themselves accountable, that’s when business coaches become a crucial and invaluable asset. Good business coaches know strategy, and can act as an accountability partner when you start to take steps in achieving your goals.
The business is undergoing transition.
Transitions are difficult, both in our personal lives and in our businesses. We can’t always control the outside variables that cause our business to change or transition. But, we can manage these changes. Whether it’s a pivotal person who’s left the company, or a competitor who poses a threat, business coaches can help you navigate through these transitions. In fact, a study conducted by the Harvard Business Review found that 48 percent of business coaches are hired to facilitate transitions. Even the most seasoned businesses and business owners experience transitions. It’s never too late or too early to hire a business coach.
The value of a business coach increases with time, as the partnership is developed, and experiences are shared. Are you ready to get where you want to be? Connect with us to learn more.