As an entrepreneur, it can feel like you’re all by yourself on a deserted island, especially in the early days of your business. It can get lonely, especially when you have no one but yourself to rely on for answers. If you could gain access to a business coach and receive dedicated support for your business, would you do it?
Just imagine getting support from an expertly trained coach who can teach you explosive growth strategies. Someone who can help you reach deep and identify your barriers, your goals, and the vision for your business. Someone who can create a plan of action to help get you there.
If you have ever asked yourself, is business coaching right for me? The answer is yes! Business coaching is right for all business owners. There’s a reason why football, basketball, and baseball teams have coaches. Athletes and entrepreneurs are similar that way – everybody needs a coach, someone to mentor them. Since so many business owners ask themselves, “Do I need a business coach?” we compiled a list of seven reasons to hire a business coach, who can:
1. Help you create leadership breakthroughs.
One of the greatest challenges of business owners is leadership. Since leadership and teambuilding doesn’t come naturally to most people, a business coach can help you understand how to be a great leader and how to build a thriving company culture where your employees can’t imagine working for anyone else. A business coach can help you build a team that pushes your company’s production to the next level.
2. Teach you how to open sales conversations.
Companies often fail because of an empty pipeline, and one of the reasons businesses don’t scale fast enough is a failure to prospect. If you have a great product or service, but your sales and marketing efforts are not yielding satisfactory results, a business coach can help you and your salespeople learn how to open sales conversations. A coach can teach you how to build and maintain a full pipeline of qualified leads, this way you can effectively leverage your sales efforts.
3. Share the secrets behind hiring top talent.
Finding…and keeping top talent is one of the greatest plights of the business owner. How do you get beyond the résumé to judge applicants better? What questions do you ask and what do you look for? Once you hire top talent, how do you keep them happy so they don’t leave and go work for a competitor? A business coach can answer all of these questions and then some.
4. Explain how to stay ahead of industry trends.
No matter what type of business you’re in, it’s vital that you stay ahead of industry trends. But how do you go about doing this? How do you ensure you stay competitive in the marketplace? A business coach can identify which practices will help you stay ahead of the competition in your unique industry.
5. Show you how to push past your limits for a great ROI.
Who says you can’t teach a seasoned business owner new tricks? Whether you’re a Millennial or a Baby Boomer, and regardless of the number of business years under your belt, a highly skilled business coach can help you push past your limits to enjoy a greater ROI.
6. Teach you how to recognize when it’s time to pivot.
Knowing when to pivot in a business is a key skill that all successful business owners learn. In an ever-changing marketplace, it’s critical to recognize when it’s time to introduce new products and services. It’s just as important to know when something isn’t working and to change course. A business coach can help you recognize the right conditions to break into an untapped market or take a concept in a different direction.
In an article written by Jason Nazar in Forbes, Nazar said, “The most critical decision for an entrepreneur is to know when to stay the course vs. change direction” and we couldn’t agree more. Nazar went on to give 14 extraordinary examples of “famous business pivots,” including Twitter, PayPal, Groupon, Starbucks, Nokia, HP, and Instagram. If you’re like a lot of business owners, when you’re in the trenches, it can be hard to tell “when” to pivot. A business coach can help you with that.
7. Recognize opportunities so you don’t miss them.
Business Insider published an article called, “16 Tech People Who Missed Out on a Fortune.” In the article, Julie Bort wrote, “Wouldn’t it be great to have a crystal ball? Some way to see into the future and learn if you just made a genius decision or a big mistake?” Bort mentioned Ronald Wayne, the third co-founder of Apple, who received $1,500 for renouncing all of his claims to ownership. Had Wayne stayed on board, “it would be worth about $40 billion today,” said Bort.
Bort used Joe Green as an example, Mark Zuckerberg’s college roommate who took his dad’s advice and said “no” to start Facebook with Zuckerberg. Green estimates that if he joined the company in the beginning, he’d be worth around $7 billion today. The moral of the story: a business coach can help you recognize opportunities so you don’t miss them!
You’re very passionate about seeing your business succeed; an AdviCoach can play a key role in helping you turn your vision into a reality, much sooner than later. Our trained coaches are here to provide you with the strategies to get your business operating at optimum levels, and to push you beyond your limits so you can unlock your true potential for business success. Ready to schedule your free coaching session? Contact us today!