Can Business Coaching Help You to Achieve Your Goals?
Business coaches have existed in some form for hundreds of years. In the "olden days" trades would be passed down from one generation to the next, ensuring that the artisans and craftsmen of the era would have the means to pursue their own form of self-employment. Without these guides, their only hope would be to eke out a meager living on a farm or join the clergy. Those days are well behind us, but the importance of having a solid business coaching remains as relevant as ever.
Pursuing self-employment is a scary (not to mention risky) thing. You hear plenty of stories about the people who quit their jobs and later sold their business for ten million dollars. Stories like these can serve as inspirations for those who are still undecided about their future career trajectory, but what you don't hear about are the people who gambled everything and lost. With a failure rate of 80% in the first five years, starting a successful business requires more than just a good idea. Being able to properly devise and execute a plan is a daunting task. Having a business coach who brings with them years of experience and wisdom can mean the difference between success and failure.
Business coaches aren't just there to give you feedback and constructive criticism. Having a business coach can also:
1) Help determine the plausibility of your ideas
In many ways, the brainstorming sessions that you use to come up with ideas for both your business as well as ways to grow it can be the most exciting part of being an entrepreneur. Here, the possibilities are limitless, and your mind starts to explore the possibilities of what might happen. The problem is, reality gets in the way of these fanciful ideas. The difference between a bad idea and a good idea is not always apparent, which is why it's important to have an experienced business coach evaluate and review your plans before you execute them. On top of evaluation, they can also help to tweak and modify small issues that you might have missed. This will make you more capable of seeing and identifying these issues yourself in the future.
2) Help refine and execute your plans
This step is a logical progression of the first. Once you've touched upon an idea that you want to pursue and you've had it vetted, the next step is to execute that plan. Business coaches have been through this process before, and so they know what you should and shouldn't do when trying to make it work. Perhaps you're targeting the wrong demographic, or you aren't selling the product the right way. Heck, maybe the idea is good but you need to make a change in how you are selling it. Your business coach is equipped to identify and solve these issues as they happen; this can potentially save you a lot of money and time in the long run.
3) Recommend you to additional sources and people
I'm sure you've heard the old adage of "it's not what you know, it's who you know". In the business world, having the right contacts can mean the difference between struggling to get customers and securing a major client. Business owners commonly leverage the knowledge and experience of those around them, and if you are part of that circle you can potentially open up a lot of doors with the right people. Business coaches are an excellent first step into networking with more powerful people in the business world.
Business coaches who have many years of experience will almost always know somebody in the field that you are operating in. While your business coach is an invaluable source of information and guidance, they are not the only person you have to rely upon. This is especially true if your business is in a field that they are not familiar in - they might know a person who is better equipped to give you the kind of guidance you'll need to succeed in that specific area.
If you are interested in exciting opportunities with ActionCOACH, take the Entrepreneur's Assessment to see if you have the mindset to own your own business. Use the link below to start your assessment... It’s free!