TIP OF THE WEEK: 3 Reasons To Hire A Business Coach
Posted by Vicki Donlan on Sun, May 30, 2010 @ 06:26 AM
The entrepreneurial spirit in America is alive and well and growing exponentially due to the current economic conditions. Yes, more small businesses are started during a recession than at other times as our history has shown over and over again. Entrepreneurs are born out of necessity from being laid off, cut back on salary and/or bored from lack of excitement in their current endeavor. Starting a small business is the answer to these situations as well as the juice that provides the adrenaline rush a dormant entrepreneur requires to awaken to their destiny.
However, having the entrepreneurial bug is not enough to insure that you will succeed in your path as a small business owner. Having the know-how to provide a product and/or service does not automatically mean you have what it takes to run a business. Putting together a team of expert resources to assist you is as important to your success as is what your business offers. That team should consist of a business lawyer, an accountant, a banker and a business coach. The first three individuals have clear job descriptions in helping you reach your goal as a small business owner. Too often the business coach's role is less transparent.
There are three major reasons to hire a business coach.
First, entrepreneurs tend to start and grow their businesses with blinders on. Focusing on one task at a time and needing to make decisions fast and furiously, (s)he must look at each problem at hand and find a solution that fits the here and now. A business coach has the ability and role of looking at the business from 30,000 feet and can assist in assessing how decisions impact the bigger picture. A business coach's first job is to maximize your potential as well as your business' by providing you a sounding board and making you aware of all the options available.
Second, a business coach is an objective observer of you, your business, your employees and your customers. With this special perspective, (s)he can share insight on every aspect of running the business which leads to improved performance by all involved.
Third, a business coach is a trusted advisor who can keep you from feeling isolated and share your stress, yet put the business first when you get off track. Yes, your business coach's role is to assist you in being the best CEO you can be, but at the same time make sure your mistakes are learning experiences and result in better leadership for the business.
There are sports coaches, and actor and voice coaches. The most successful people have coaches. And, the best coached individuals make the most in their professions. You and your business deserve the type of individual attention a business coach provides. Successful business people know that they don't have all the answers and they seek opportunities of self awareness.
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