Do I need a business coach?

As a business owner or entrepreneur do you ever wish you had someone you could turn to? A person that would hold you accountable? Someone who would challenge you, but also inspire you to want more in your business, and in your life?

Being a business owner can be a lonely journey, but it doesn’t have to be that way.

Having the support, guidance and expertise of someone outside of your business can provide you with a fresh perspective, challenge your thinking and help you to grow your business. And that’s exactly what a business coach does. So how do you know if you really need a business coach? Let’s look at some common signs that you need a business coach.

Common signs you need a business coach

Do you ever feel like you’re just treading water in your business and not moving towards your goals as quickly as you would like to? Or maybe your business is growing fast and you’re ready to scale up but don’t know what steps to take next or how to best approach it?

Owning a business is just like a rollercoaster. One day you’re on top of the world, everything is going to plan and you’re loving your business, your employees and your customers. The next day? You’re ready to pull out your hair, sales have died off, your employees aren’t performing and you wonder why you even started your own business. Sound familiar?

Riding the rollercoaster of business life can be exhilarating and exhausting. Having someone who is there to support you, guide you and get in and help you achieve your goals can be the difference between your business just surviving, or absolutely thriving.

So why would you engage a business coach?

Have you ever thought:

• I really need a fresh set of eyes over my business
• I’m feeling desperate, and just need help
• I want solutions to the problems I have
• I want someone to hold me accountable
• I need an expert point of view and want to be challenged
• If only I could talk through my problems and have a sounding board
• Being in business can be a lonely place
• I need help to get clear on my business goals and a path to get there
• I know we need to do something different
• I want someone who knows more than me

All of these thoughts and feelings are common signs that you need and are ready for a business coach.

Why business owners need a business coach

Being a business owner can be overwhelming. From the lack of cash flow to staffing problems and slow sales, passion isn’t always enough to keep your business moving forward.

As a business owner, it is easy to get caught up working in your business, rather than on your business. A business coach is an expert at helping you to understand exactly where you are at in your business journey, and to help you create and implement a strategy that is tailored just for you.

A business coach can help you with improving a number of areas within your business. Have you experienced any of the following issues within your business?

Cash flow pressures

Are you always worried about the cash in your business? You want to grow but don’t know how you will pay your staff and your bills?

No business strategy

Do you feel like you don’t have a clear plan on how to grow your business? Or perhaps you’re not sure what to include in a business strategy?

Low revenue or profit

Not hitting your revenue targets? Making little or no profit?

Loss of passion and feeling exhausted

Do you often feel tired and overwhelmed? You wish you were an employee, as owning the business means long hours and too much responsibility?

Poor policies and procedures

Do you have systems, policies and procedures set up in your business? If not, that could be costing you time and money.

People problems

Do you have trouble keeping quality staff? Not sure how to attract and retain the right people for your business?

The benefits of working with a business coach

Working with a business coach can bring an enormous amount of benefits to your business. Business coaches have the knowledge, skills and expertise to help you fast track your business success and prevent you from making many mistakes that may happen if you go it alone.

Working with a business coach can benefit your business through:

• Guidance and support when experiencing staffing problems
• Knowing which numbers to track in your business
• Fast-tracking
• Strategies to grow your business
• Ways to empower your team
• Ideas to grow your revenue
• Knowledge and access to programs and software to streamline and automate procedures within your business

What can you expect from working with a business coach?

Working with a business coach can help you to breathe new life into your business. 

A business coach can be a sounding board that you may not currently have access to in your business. Offering an outside perspective for your business, a business coach can give you honest feedback, or challenge your thinking when making decisions.

When working with a business coach, you can expect to be pushed outside your comfort zone - as that is where significant growth and change really happens.

A business coach won’t just tell you what you want to hear. They won’t be a ‘yes man’ like you’re staff might be. They’ll push you, challenge you and give you strategies and tactics to make the best use of your time and your resources.

If you want help to get more clarity in your business, and decide on the best direction for the future a business coach can support, help and guide you through this process.

Whether you’ve already got goals set, or need to create new goals, a business coach will help you to see if you’re simply playing it safe, or are aiming too high too fast. They can be the voice of reason and call you out, or empower you to believe in yourself.

How much does a business coach cost?

Like any professional service such as a lawyer, accountant, financial planner or marketing consultant, the cost of a business coach varies. Things that can impact the cost of hiring a business coach include:

• How often you have a business coaching session (eg. weekly, monthly, quarterly)
• Whether the session is in person or virtual (eg. via video conferencing)
• What stage of business you’re at (eg. start-up, growth, succession)
• The type of coaching you need (eg. guidance, implementation, workshops)
• And a number of other factors.

Most business coaches offer different packages, which can usually be tailored to your individual needs. When looking for a business coach, or progressing to choosing a business coach that’s right for you, it’s important to make sure you feel comfortable. You may spend a lot of time with your business coach, so making sure that they’re a good fit for your business and your personality is important.

How do I find a business coach?

The key to finding a business coach is to take your time and make sure that they are a good match for your business. Here at Your Business Momentum, we offer a free discovery call, so that we can learn more about you and your business, and you can learn more about us too.

Making sure that we are the right fit for our clients is a high priority for us. As we really become part of the team when we work with our clients, we understand first hand how important it is to make sure everyone is on the same page from the beginning.

Are you ready to step up and take your business to the next level? Then let’s work together and we’ll help you to stay accountable, be challenged and inspire you to build the business and life you’ve been dreaming of.