Today’s business world can be a tough place, which is why business coaching is so important. Everything changes at the speed of light, including business strategies and techniques. What works today may not work tomorrow, which is why you need to be constantly updating your knowledge and learning in order to stay at the top of your game.
If you aren’t committed to personal growth and development, you will get left behind. In the words of Louise Penny, “Life is change. If you aren’t growing and evolving, you’re standing still, and the rest of the world is surging ahead.”
Everyone needs help from time-to-time. Even the most successful people in the world seek out help when they don’t know the answer to something. Being resourceful is a key success trait. If you are resistant to getting a business coach, ask yourself, “Is my ego getting in the way of my business moving forward?” If so, it’s time to drop that story.
The fact of the matter is that you will never know how successful you can really be until you find a business coach that pushes you to take risks and step outside of your comfort zone. If you want to stay competitive in the thick of never-ending growth and change, don’t be afraid to ask for help from a business coach.
Now that you know what a business coach is, the question remains, “How do you know when you need a one?” The red flag is usually the point at which you say to yourself or someone else, “I don’t know what I’m doing.”
Here are 5 reasons why business coaching for entrepreneurs is so powerful, and why you may need it.
1. You Are Burned Out
Here’s a brutal fact – if you are unable to cope with the constant feeling of overwhelm, you are going to burnout and you won’t be able to sustain your business, long-term. As an entrepreneur, you are the face of your business and brand, which means that you have to juggle a lot of different hats.
Nobody can do it all. It’s not possible, or if it is, it’s a surefire way to burn the candle at both ends.
The American Psychological Association’s David Ballard describes job burnout as “an extended period of time where someone experiences exhaustion and a lack of interest in things, resulting in a decline in their job performance.”
Have you ever experienced this state? It’s horrible, but it can be prevented, and it starts with accepting that you can’t do it all. This is one of the biggest reasons why you need to think about investing in a business coach.
Business coaching helps take the overwhelming out of business. When you feel like giving up, a business coach is there to listen and provide you with the strategies that you need to follow, in order to get past your stuck points and take your business to the next level.
2. You Want to Save Time & Money
When you are an entrepreneur, there never feels like there is enough time in the day to accomplish everything. You need to step back and ask yourself, “How much is my time worth?”
A big thing that holds a lot of entrepreneurs back from hiring a business coach is the cost. Some people drop into scarcity mode and think to themselves, “I’ll just brave it on my own.” Sure, you could take this route, but it will take you a hell of a lot longer to get to where you want to be.
Not to mention, if you make too many mistakes along the way, you may never achieve your goals. Not hiring a business coach will end up costing you a lot more money and time, which can be avoided if you choose to work with one.
3. You Need an Accountability Partner
We all need to be held accountable from time to time. When it comes to running a business, if you aren’t following through on your goals, you aren’t making money. Business coaching for entrepreneurs is all about accountability. When you are accountable to others, you are more likely to follow-through on what it is that you say you will do.
Conversely, when you don’t have someone checking up on you, it is easy to make excuses. This is something that a lot of entrepreneurs struggle with. When you are an employee, if you don’t show up to work and accomplish what it is that your boss tells you to do, you will most likely get fired.
However, when you are an entrepreneur it’s all on you. It requires strict discipline, time management, and persistence to stay on track and be accountable to yourself.
One of the most important roles of a business coach is to be an accountability partner; they help you grow your business by clarifying what your vision and purpose are, and how they align with your goals.
Linda Galindo, the author of the book, The 85% Solution: How Personal Accountability Guarantees Success, says that “Accountability partners are an entrepreneur’s secret weapon for quick growth”. If you want to grow your business faster, a business coach is a way to go.
4. You Are Lacking in Self-Confidence
We all struggle with confidence at certain times in our lives. Even the most successful entrepreneurs have days when their confidence wanes. When you are running your own business, your self-belief is constantly being tested because there are so many moving parts.
Oftentimes, entrepreneurs will get discouraged when they don’t know how to do something, thinking that this is proof that they don’t have what it takes.
If you want to be a successful entrepreneur, you need to embrace failure and have an unshakeable belief in your ability to succeed, no matter what life throws at you. If you lack confidence in yourself and your business, how do you expect your customers to believe in you?
Confidence comes and goes. If you want to master your business, you need to commit to developing and constantly improving it.
A business coach for entrepreneurs is someone who instills confidence in you and gives you the space that you need in order to explore who you are, how you want to show up in your business, and what success means to you. Even if you have a strong sense of self, sometimes you need to someone to light a fire under your butt in order to convince you that you CAN accomplish your business goals.
A business coach shows you what you are capable of achieving, by inspiring you to step outside of your comfort zone and do the thing you think you cannot do. Sometimes all you need is a little push in the right direction.
5. You Aren’t Getting Results
If you aren’t getting the results that you desire in your business, then that probably means that you aren’t seeing a high ROI. Sometimes the vision that we have for our business doesn’t always lead us in the right direction. It doesn’t mean that it’s the wrong one. Rather, it may just mean that we are slightly off course and need to be re-directed on the right path.
When we are in our own heads, it can be hard to look at our business model from an objective point of view. A business coach is someone who can help to remove the setbacks that are preventing us from achieving the results that we desire.
At the end of the day, success in any business is determined by the results that you get, so if you aren’t getting them, it’s time to think about seeking help. Bob Nardelli, the CEO of Home Depot said it best, “I absolutely believe that people, unless coached, never reach their maximum capabilities.”
Business coaching for entrepreneurs has become a “must” in today’s ever-changing world.
No matter what state your business is at, a business coach can accelerate your growth and help you achieve your goals at a much quicker pace.
Business coaching is the secret to accelerating success. It takes a lot of the stress out of entrepreneurship. In reality, if you aspire to be a successful entrepreneur, or want to be a coach of your own one day, a business coach is someone that you cannot afford to live without.
Learn from the best and invest in yourself. It could be one of the best decisions you ever make. Every top performer in the world has a coach, so why don’t you?