The business coaching industry is booming; however, it is surprising many small-business owners do not understand the benefits of having one.
What professional sports team doesn’t have a coach? None. Why should a professional business be any different?
Here are 16 advantages having the right business coach will provide you:
- Dream big
Encouraging you to dream big, creating excitement with you for what is possible. They will discover what motivates you and work out how to give you more of this. - Roadmap
Discover where you want to be in the future (not where they want you to be) and then map out together how you can achieve that.
Setting short- and long-term goals that have time frames on them. - Plan your days
Show you how to plan your days, so you are getting the most out of them. - Accountability
Hold you accountable for staying on the right path and ensure you are continually moving forward. Not allowing you to have any excuses or procrastination with your tasks. - Alignment
Work towards making your life more in balance, in all areas, family, relationships, health, finance and spiritual (only should you want spiritual). - Strategies
Incorporate strategies which will work for your business helping it grow, increasing your revenue and most importantly your profit. - Time management
Show you ways to have better time management skills, recognising what to focus on and what you can forget. Prevent you from potential burnout. - Help solve your problems
Work with you on ways to improve or solve your biggest challenges. - Positive mindset
Keep your mind positive about your current and future situation and provide tools so you can do this. - Passion
Find clarity on what your passion is, ensuring you fit this into your life in some form, or at least have a plan on when you can. - Celebrate your successes
Recognise and celebrate your wins, not letting them go unnoticed, reminding you to share them with your employees, or anyone involved in achieving them as well as keeping your family updated. Celebrating wins keeps you striving for more of them. - Motivate your team
Teach you ways to motivate your team, along with suggestions on how to implement these in your business. - Organisational chart
Ensure your organisational chart and job descriptions are clear to all, selecting the right people in the right positions. - Looking at your figures
Know and understand your figures, Profit and Loss, Balance sheet, watch your figures closely, keeping a check on your revenue and expenditure, offering ideas on how you can cut costs. - Practise what they preach
They must be authentic; ensure they aren’t telling you to do one thing and then do something different themselves. - Debtors
Help you to put in place a system to follow up outstanding debtors, not allowing bad debts to get out of control.
The best coach you can work with is one who has already been successful in business, who was you five years ago, or even better 10 years ago. A good coach should guarantee you results, or you don’t pay, if they can’t offer you guaranteed results in some measurable form, I would suggest finding one who can.
