Women's Business Blog

3 Reasons Women Entrepreneurs Need a Business Coach

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You've done it! You've become an entrepreneur and started your own business. You've written a business plan, hired a team of hard-working professionals and gotten the funding you needed to get started. You think you know where you are going and how you are going to get there. You are laser-focused on your objectives and nothing will get in your way for success. So stop for a moment and reflect on how your narrow attention to details may be affecting your awareness of opportunities that are not currently in your plan. Every step you take in your new small business creates a multitude of situations that you may not be taking advantage of as you stick to your business plan. This is where coaching can take your small business from insignificant to astronomical.

The day-to-day minutia required to successfully run a business often engulfs a first-time entrepreneur - particularly, women entrepreneurs who are less likely to delegate the work.There is mail opening, bill paying, email writing, email responding, managing staff, inbound marketing, outbound marketing, pitching new business, purchasing and more - all before you spend one minute on doing work for the client, which is what pays the bills and allows you to start the process all over again the next day. Every entrepreneur I have ever worked with is overwhelmed by the mundane work required in a small business. (Did I mention cleaning the toilets?) When you don't have a minute to breath during your work day it is difficult to respond to new opportunities that present themselves that will take your business to new heights. This is begins the reasons to hire a business coach.

Reason One: Prioritize Entrepreneur's Daily Business Tasks: A good business coach will assess your skills and direct you in spending your time in the areas that take advantage of your talents and provide the greatest opportunity for business growth.

Reason Two: Identification of Short Term and Long Term Goals: A good business coach provides perspective over the big picture of your business always keeping an eye on your short and long term objectives maximizing opportunities when and where available. (S)he will keep you moving forward with a plan for success.

Reason Three: Trusted Advisor With Your Interest In Mind: A good business coach guides you in making decisions that are in your best interest not the necessarily the best interest of the business. Having someone understand you and your needs is important as you grow your business. What you need and what may not be compatible with what the business needs. A good business coach will help you understand the ramifications of your decisions and make sure you have an exit strategy in place before you burn out or need out for any reason.

Starting a business and growing a business require very different skills and a business coach can help you achieve your goals. The time and money spent on business coaching will pay off in a happier work/life and a more profitable business and business valuation.

HIRE VICKI TO SPEAK AT YOUR NEXT EVENT!