When someone says “business coach,” one probably imagines a cheesy motivational speaker in a cold hotel conference room with dreary coffee. Coaches are not mentors or managers, they are something else entirely. Most coaches know less about the subject than the people they coach.
Whether you are a business professional fighting for promotion or an entrepreneur uncertain of his next step, the right business coach can put you on a profitable path to success. A business coach acts as a trainer and mentoring platform – training you in the skills you need to succeed in your business – and as a source of information if you have questions about who you are. They can help you deal not only with business problems but also with more personal issues such as seeking professional fulfillment and finding out what is important to you.
Business Coaches help entrepreneurs, business owners, and professionals in a variety of ways to grow. Business coaches, unlike other coaches, work to improve your talents, refine your goals and guide your decisions to ensure that you and your company are successful. Business Coaches are not paid and work on a fixed schedule. They provide actionable feedback and personal advice and growth plans to their clients in order to increase company revenues, accelerate their careers, and increase business growth.
Young Entrepreneur Council members say that one of the biggest advantages of hiring a business coach is that they suggest others follow suit and there is a good reason to hire a personal business coach. Business Coaches help you to question yourself and discover blind spots and behavioral patterns that hold you back. They help owners understand what needs to change and guide them in drawing up workable plans to achieve the desired results.
Entrepreneurs who want to expand their business and accelerate its growth should hire a business coach to help them get there. Business Coaches have years of business experience and can help you to take your business to new heights. As entrepreneurs consider hiring a coach, there are a lot of questions. 10 members also shared one of the biggest benefits they experienced after hiring a business coach, but they suggest others follow suit.
The general perception is that business coaching exists only to help owners struggling with a flagging business. Helping the owners get their business back on track is one thing that coaches can help, but there are a lot of other situations where they can help the owners. Business coaches are also able to really help business owners who have reached a plateau in their growth to figure out how to take their business to the next level.
A great coach is dedicated to helping you achieve your goals, no matter what they may be. In contrast to an investor, partner, or board member who has skin in the game, a business coach is not associated with the success or failure of your business. In fact, you may lose a client if things go south.
If you consider a business coach who has no previous experience in running a business, there is a good chance that he does not have enough expertise to help you. Find someone who speaks your language, can help you form measurable, specific goals, and is committed to helping you improve and scale your business. If you are not in a niche or offer vague, intangible results, you will struggle to find someone who can hold enough customers to pay the bills.
Therefore, I am pleased to invite the world-renowned founder and CEO of WellCoaches, Margaret Moore, a.k.a. Celebrate and create a community of coaches who changed the world in a big way with their coaching business. Get damn serious about how life coaches transform their skills into viable businesses.
Victoria Pearl, the author, certified trainer, business consultant, creative entrepreneur and aspiring trainer is CEO and the founder of VP Wright International, an umbrella organization for Creative Corner, an online community and learning hub that helps creative and aspiring coaches build inclusive and sustainable community-based online businesses. Victoria has been featured as a leading community leader in the coaching industry on NPR, MSNBC, Vox, The Houston Voyage, Boss Babe, and Societygal on topics like inclusion and the well-being of marginalized communities. In her recently published book Inclusive Strategies for Your Coaching Business, Victoria describes the opportunities and skills they need to learn to build a sustainable, inclusive coaching business that serves a marginalized population.
A few have emerged from the minds of academic advisers, but the vast majority come from business leaders who are experimenting with new ideas for their own organizations. Some of the most promising practices can be disastrous when transferred to the wrong company, writes Julian Birkinshaw of the London Business School. “My best customers make business growth, and we often encounter a complete mess without a repeatable process to streamline their business and address what takes them to the next level of freedom, profitability, and valuation.
If you want to have a greater impact on the growth of your profits, you also need to understand how you can best scale your business to achieve this goal. You can ask your colleagues, colleagues, friends, and family members for advice, but you have to be biased in their opinions because they don’t understand the strengths and weaknesses of your organization, how your business fits in your industry, management, and leadership styles and the way you run your business. Clarifying this issue enables business owners to understand the impact of achieving their personal goals in business and life.
