Do I Really Need a Business Coach?

Whether you admit it or not, many of your decisions and actions as a small business owner are tinged with uncertainty.

We cannot eliminate all the risks involved nor predict the exact outcome of our choices.

But! Imagine if you have someone beside you who has the expertise and objectivity to guide and push you forward to achieve your goals.

I’m not saying this individual would guarantee your success, but wouldn’t it be great to collaborate with someone who can help you transform your vision into reality?

Wouldn’t it be nice to have extra time and energy to concentrate more on the things you do best as an entrepreneur rather than worry or second-guess every step you take?

That’s what a business coach can bring to the table.

Not everyone is on board with hiring a business coach. Some have misconceptions about the role, thinking of them as ineffective “motivational” speakers who speak in broad or vague terms. Others consider it as an unnecessary investment, especially if they have been business owners for quite some time already.

If you’re on the fence about this matter, we are here to discuss the pros and cons of asking a business coach to join your team.

Let’s go over the benefits that you and your company may receive. We will also cover the reasons you should dismiss this idea altogether. In case you feel convinced of your need for a business coach, we will list some business coaches at the top of their respective niches today.

Benefits of Having a Business Coach

Why should you get a business coach? Below are the main perks of getting one on board:

Two heads are better than one

Your success as an entrepreneur will not be diminished if you achieve it with the help of others. We are often encouraged to work as a team to reach new heights. This applies to leaders as much as it does to their followers.

Someone will push you out of your comfort zone

It’s easy to become stuck in our heads and be limited by what we know or can do. With the influence of a business coach, you will feel more confident and motivated to discover, learn, and embrace positive changes for yourself and the company.

You Won’t Lose Sight of Your Goals

It’s challenging to keep ourselves in check. Sometimes, we make excuses for failures or delays. Promises are even harder to keep, even if it’s for the sake of others. Entrepreneurs can also get side-tracked with fire-fighting measures. Business coaches can remind you of what truly matters and push you to carry out your plans.

Feel the Wind Beneath Your Wings

As cheesy as it sounds, business coaches support entrepreneurs as they reach their ultimate goals. In addition to tips and guides, a good mentor will not hesitate to point out your mistakes, blind spots, and potential downsides of your business decisions and actions.

Your network will expand

Business coaches are typically the leading figures in their respective fields. Associating yourself with one can open doors that won’t be available or visible to you otherwise. Since they know all the right people in the industry, your business coach can introduce you to potential clients, vendors, and partners.

It’s Almost Like Going to Therapy

Many hire business coaches to take their companies to the next level. The services aren’t limited to that, though. You can also discuss your doubts, apprehensions, and insecurities about your business. A good coach will not judge you but instead, offer advice and lay out your potential paths.

We take on the challenge of understanding the strengths and pains of our clients. Then, we use that to provide feedback and advice on which business strategies will accelerate its development and maximize its potential.

Why You Should NOT Get a Business Coach

Hiring a business coach does not automatically lead to success. In some cases, getting one might not be a sound investment.

Why?

Here are the four definitive signs that you don’t need the services of a business coach.

You know the industry and operations inside and out

Why would you pay a consultant when you know everything about your company and the industry? Making plans or decisions has never been the tricky part of what you do as an entrepreneur because you’re 100% certain about which roads to take. The future developments or outside forces that may affect your operations don’t bother you because you understand what must be done in every situation.

You can keep yourself accountable all the time

We’re bombarded by plenty of distractions every day, so it is easy to lose track of things sometimes—but not you. You’re built differently.

Who needs a business coach when you have never missed out on a deadline or failed to hit a target before? Whatever you write down on your to-do list, you can finish them off within the timeline you have set for yourself. You do not get easily tempted to handle matters that seem to be urgent because you’re sure that others will take of them for you.

Your business strategy does not involve growth or expansion

Soaring revenues or expansion may be the ultimate goals of many entrepreneurs—those don’t appeal to you. You’re satisfied with what you have now because if your business grows, you will have to give more time and effort to keep it running.

You prefer working on your business than any other aspect of your life

While your staff may feel excited as the end of their work shift approaches, you dread having to end your day at work. Work-life balance is a concept that is foreign to you.

Why does your family deserve more of your time when it is the company that keeps everyone happy and well-fed?

Socialising with friends or taking vacations are distractions from your goals.

You’d rather spend your days and nights staying, doing, and thinking of business-related matters so that you are always ready to handle every problem that may come your way.

If these indicators sound all too familiar to you, kudos! You are one of the rare few who will not benefit from having a business coach. You’ve got everything figured out, so you only have to rely on yourself to achieve success and happiness in business and life.

(If you couldn’t tell, we were being ironic)

Who are the Best Business Coaches?

If none of these signs explained earlier apply to you, I suggest seriously considering hiring a business coach. This decision will be one of the most critical ones you will make during your career as an entrepreneur since it can make or break your company.

Here is a quick rundown of the top business coaches to give you a head-start on picking the right one below.

Tony Robbins

Tony Robbins is an American author, motivational speaker, and philanthropist. He’s widely known for his self-improvement strategies which he shares through seminars, books, documentaries, and infomercials. He came from an impoverished family, but his explosive popularity and success convinced his followers that adopting his mentality could work for them, too.

Nick Loper

Nick Loper is the founder of Side Hustle Nation, an online resource platform for people seeking new ways to generate income. He is also the host of an award-winning podcast that deals with establishing a successful side business. Further, Loper published several books filled with guides and hacks for aspiring online entrepreneurs.

John Maxwell

Another best-selling author, John Maxwell, established himself as an expert in leadership styles that work. He created the “John Maxwell Team,” a specialised leadership program attended by professionals, executives, and business owners, among others.

Renee Minchin

Time for some shameless self-promotion, When she launched the Being Mindset course, Renee Minchin combined her expertise in practical business solutions and genuine care for others. This refers to a 12-module online guide that aims to prepare and equip beginner entrepreneurs with the essential tools and know-how that a successful business owner possesses. She’s focused now on client companies based in Australia, but the core lessons of her course are applicable no matter where you are in the world.

Take the Next Step with a Business Coach at Your Back

As you have learned earlier, the benefits of having a business coach are pretty comprehensive. You’d be getting a mentor, sounding board, cheerleader, and confidante in a single, neat package. Like most investments, deciding to hire one has its downsides and potential risks, but you can minimize that if you can find the right business coach for your company.

I can be your companion on your path to business success. My goal is to empower new and experienced entrepreneurs alike through the Being Mindset course. From honing your to enhancing your business acumen, I wish to go forward with you on this path to success and happiness.

If you want to learn more about this program, feel free to contact me (i.e. Renee) now via this website. I’d be happy to discuss further how a business coach like me can help you and your company.