Is Business Coaching Worth It For Me?
Maybe you have heard of business coaching, but wondered “How can business coaching help me?”
Well, whether you own an accounting agency, a construction company, a therapy clinic, or a yoga studio, business coaching is meant to help entrepreneurs, small businesses, and start-ups to focus their goals, stay accountable, and grow.
You might need some professional business coaching if you have ever felt this way:
“I feel like I’m in over my head and treading water to keep from drowning.”
“Everyone is looking to me for leadership, to tell them what to do – nothing gets done without me – I’m the bottleneck at the center of everything.”
“I can’t take time off. The place would fall apart without me.”
Many would-be business owners are great at what they do, whether it is accounting, plumbing or something else. The idea of being their own boss or having the freedom to do things their way is very enticing, but the specifics of owning and running a business can be overwhelming at times. Being the one to make all the decisions can be stressful. It can also be very lonely, since life-partners are often not very involved and you don’t want to share everything with employees or others.
So how can business coaching help you? One of the first things I do with clients is to help them assess their business and see where gaps are between their reality and where they want to (should) be. For this, we establish a long-term vision and plan with them. Having an optimized and effective vision and mission statement can give business owners stronger confidence and more specific guidance in knowing where they are going and what to do to get there. Together, we figure out step-by-step, goal by goal, a plan to get the business on track, more profitable, less stressful, and more strategically run to predictably reach the ultimate vision.
Clients find the worth in business coaching for an average return on investment of over 500%. But, in addition to tangible ROI, they report:
- Developing better skills to prioritize their time
- Feeling better equipped to make decisions based on what is truly important to them
- Gaining a deeper understanding of the thoughts and actions that stand in their way
- Significant improvement in their day-to-day lives
- Feeling less stress
- New tools/skills to help tackle the many aspects of business
- A business that is system/process dependent, not owner dependent