You took the leap and are now running your own business. You’ve got a regular routine, and you’re starting to bring in more clients. It’s just like you pictured, but maybe you’re now seeing that you could use some additional help improving your skills or reaching for success. Perhaps you need a sounding board to bounce ideas off of or an expert to help with strategic planning. Take a look at your stats. Perhaps it’s time to add a new resource to your plan — a business coach. Today, Canvaslock shares tips to help you get started.
What Does the Scoreboard Say?
Navigating the early stages of a new business can be difficult. Being a successful entrepreneur takes grit and resilience. You have to survive the first year to stay in the game. If you’re noticing issues popping up, you’re likely facing one or more of the following situations:
- Your start-up capital is running out.
- The product/service proposed valuation is not as expected.
- You lack the experience to complete necessary tasks.
- The target market is not sized accurately.
- Acquiring customers is costlier than what you budgeted.
- You feel there aren’t enough hours in the day.
- You’re stressed out, overwhelmed, and burdened with self-doubt.
If your business started out on fire but has veered off-course, you may be stifled by one of these circumstances:
- You’ve outgrown the methods and systems initially established to administer proceedings.
- Scaling up efforts and expanding operations to meet demand feels too daunting.
Should any of this ring true, it may be time to connect with a business coach.
Not All Business Coaches Are Created Equal
Any enterprise can benefit from a consultation with a proven business coach. For startup founders solely responsible for administering income-producing tasks, effective coaching can be critical to your company’s future success.
For positive results, it’s important to select the coach best suited to your specific business. An experienced entrepreneur in your industry will be able to evaluate your organization, offerings, and competition quickly. Their teaching style should resonate, enabling you to define goals, develop strategies and construct a clear vision for moving forward.
Also, it’s a good idea to update your resume to reflect all of your duties and responsibilities and serve as a kind of shorthand that you can share with your business coach. If it’s been a while since you updated your resume, try this free online resume maker that allows you to choose from preexisting templates and highlight your skills in the most persuasive manner possible.
Tapping into your network for referrals is the most successful method for finding the best candidate. Local business functions, industry conventions, and trade shows provide excellent opportunities to learn first-hand who has moved the dial for similar businesses.
Once you narrow down a few candidates, it’s time to find the right fit. Remember, coaching is an unregulated occupation in the United States. Insist that all prospective candidates provide evidence of their qualifications.
Insist on a Deep Dive into Communication Skills
Good communication is essential for any business owner. After all, you need to be able to clearly articulate your vision and values to your team as well as communicate effectively with customers and clients. However, it can be difficult to know how to best communicate with others, especially when it comes to difficult conversations. That’s where a business coach can help. By working with a coach, you can develop communication strategies tailored to your specific needs and goals. You will learn to be a better listener, think before you speak, ask questions, and be more mindful of how you sound. These skills will prove invaluable as your business grows. When vetting coaches, make sure communication is a top priority in your coaching plan.
Is Coaching Worth the Expense?
Business coaching results are intangible, making it difficult to definitively value the psychological, motivational, and inspirational components of good coaching. If you can’t afford the expense of hiring a coach, numerous online resources are available to assist with all the aspects of your business. For instance, if you want to register your business as an S corp to reap the benefits of lower self-employment taxes and pass-through taxation, you can work with an online formation agency. These services take a load off your plate and are far less expensive than working with a business attorney.
Time To Get Coached Up
If you think your business approach could use some help, working with a business coach can be a huge win. Business coaches are experts at helping people develop their professional skills and can provide you with the guidance and feedback you need to take your communication skills to the next level. So, if you’re looking for help improving your ability to drive results, consider working with a business coach.