In this Blog post, we look at the 8 benefits of coaching for entrepreneurs.

Let us define the term Coaching before we look at the benefits of Coaching:

  “Coaching is the act of giving special classes in sports, a school object, or a work-related activity, especially to one person or a small group.”

– According to the Cambridge Dictionary –

According to Google coaching has many definitions – but the definition that really speaks to me is the one found in Wikipedia

Coaching is a form of development in which an experienced person, called a coach, supports a learner or client in achieving a specific personal or professional goal by providing training and guidance

wikipedia

Because of this definition, I strongly believe that EVERY person can benefit from Coaching.

But to be specific, let’s focus on Entrepreneurs who are business owners and driven to reach their goals.

Let’s dive deeper into the 8 Benefits of Coaching for entrepreneurs…

How can entrepreneurs benefit from coaching?

Coaching is an informal relationship between two people. One has more experience and expertise than the other, and offers advice and guidance as the latter learns. Coaching differs from mentoring by focusing on specific tasks or objectives, as opposed to more general goals or overall development.

In my blog post, Key differences between Coaching and Mentoring, we dive deeper into each definition and the benefits of each type of service.

As an Entrepreneur, managing your own business and wanting to do things smarter, you will definitely benefit from any type of Coaching.

8 BENEFITS OF COACHING

1. IMPROVEMENT of your self-confidence and relationships
2. CLARITY on your wishes and goals you would like to reach in your life, business, or projects
3. DEVELOPING the ability to create new solutions and new ideas
4. INCREASING your productivity to improve your work-life balance
5. ACTIONABLE steps to changes create personal development
6. RENEWING your perspectives and insights into yourself
7. BECOMING more accountable get results faster
8. LEARNING how to take advantage of your strengths and resources so it will bring you closer to reaching your goals

The benefits of coaching alone should empower you to choose to hire a coach, but I know not everyone understands how these benefits could make an impact in their lives.

So let’s look at the reasons why you should consider hiring a coach:

10 REASONS WHY YOU SHOULD HIRE A COACH

1. If you want to achieve your goals and be successful but you do not know HOW to do it
2. Are you struggling and lacking the self-confidence to do things that move you out of your comfort zones?
3. Do you feel constantly stressed and are going through big transitions in your life, career, or business?
4. Or you want to understand yourself better and identify blind spots that can help foster greater relationships?
5. Perhaps you want to make better use of your time, resources, and abilities?
6. Maybe you want honest feedback and new perspectives?
7. When you want to reach your full potential
8. Definitely when you want to make more money or take the next step in your business or career
9. Consider it when you want to boost your overall thinking, mindset, and well-being
10. You want to be better and do things easier, differently and make an impact

As with many things in life, not one single type of Coach will bring you all these results.

There are many different types of Coaches and we all could benefit from at least one type of Coach once in our lives.

While the focus behind coaching differs, all coaching is typically reflective rather than directive in a manner.

The Business Coaching category for entrepreneurs includes:

• Executive Coaching
  • Enhancing performance
  • Taking talents and abilities to a new level
  • Helping someone to adjust to new situations or a transition
  • Reflect and develop a personal awareness of their strengths and work on weaknesses
• Career Coaching
  • Skills assessments
  • Understanding the job market
  • Understanding organizational processes
  • Identifying opportunities and career-based roles and how they are good fits
  • Developing career transition plans
  • Helping understand the world of work and their own personal development
  • Enhancing employ-ability
• Skills Coaching
  • Identifying and refining career goals
  • Flagging objectives within existing roles
  • Recognizing personal and career development needs
  • Up-skill to enable better performance linked to achieving specific tasks
  • Achieving both individual and company objectives

Relationship Coaching focuses on everything from:

• Communication
  • Questioning Assumptions
  • Conflict resolutions
  • Effective communication techniques
• Stress Management
  • Identifying behavioral patterns & triggers
  • Setting clear and healthy boundaries
• Emotional Wellness
  • Uncovering new listening mechanisms
  • Assisting with ways to better express feelings and views

Life Coaching focuses on:

• Personal outcomes
  • Explore what you want in life
  • Define attainable dreams and aspirations
  • Find answers and ways to achieve their goals
  • Highlight and understand their own potential, skills and talents

SOURCE: https://www.sacap.edu.za/blog/management-leadership/types-of-coaching/

If you need further advice on how these benefits of Coaching can help you to take the next step, or you need a helping hand to show you how to achieve your end goals, do reach out to me for ways how I can help you move forward.

You are also INVITED to join my FREE Facebook Group, PROFITABLE ONLINE CREATIVES, for a community of Entrepreneurs and Business Owners to help, support, and empower each other!

See you online!

In this blog post, I share how business coaching help your business grow.

After reading this post, I hope you will have more clarity about the key differences between:

• Teaching,
• Coaching,
• Mentoring, and
• Counselling.

This will help you understand how to choose the best solution to reach your business goals.

You will also be able to identify the 8 Benefits of Business Coaching. To clarify the reasons why you should invest in a Business Coach.

In coaching, the coach is helping the individual to improve their personal development and performance.

How can Business Coaching help your business grow?

Whether you are a novice, experienced or established entrepreneur, a business coach will assist and guide you.

Business Coaching is a valuable resource used to helping entrepreneurs to clarify their vision. Clarity on their business vision helps align their passions and purpose with all their business goals.

The main aim of Business coaching is to improve performances and focuses in the present rather on the distant future. To truly understand and define Business Coaching, we need to first understand coaching.

“Coaching is unlocking a person’s potential to maximize their performance. It is helping them to learn rather than teaching them.”

John Whitmore

Let’s go back 26 years.

Many of us, at one point or another, experienced the resistance to learning. For me, it was mostly the 5 years of High School. The root behind my resistance was mainly my inner voice. I just never believed that I could be good at learning something and excel in it.

This was part of a real self-sabotage thinking way. Only in my late thirties I discovered the true power of knowledge. To learn a new skill or improve a skill, it’s much easier to find a teacher than to teach yourself.

As a solo entrepreneur, I never really invested in any type of coaching. I paid for many self-development courses, but I soon realized that great coaches are a much quicker route to success. I can confidently say, investing money into coaches are priceless.

There are various models of coaching besides business coaching. The key element is considering the coach as a facilitator of learning rather than as an expert.

What is the difference between Business Coaching and Mentoring for your business?

If your business is struggling, a business coach is one of the most effective options to invest in.

Business coaches serve as both trainers and mentors.

Timothy Gallwey and his insights into “the inner game” revolutionized thinking about coaching.

In his book, The Inner Game of Tennis, he suggested that the biggest obstacles to success and achieving potential were internal, not external.

His insight was that coaches help individuals to improve their game by distracting them from their inner dialogue and the critical voice that said “Not like that!”

Gallwey’s real insight was that this didn’t just apply to tennis, but that individuals generally have the answers to their problems within themselves.

The essential part of coaching is to help people learn to silence that inner voice and allow instincts or their subconscious to take over. Sometimes that means distracting it, sometimes it’s about exploring the “worst-case scenario” and removing any fear.

Coaches identify the stage at which an individual is at and use the right sort of language to help them move to the next stage. After all, it’s difficult to try to improve a skill if you don’t know that you lack it.

Many coaches will recognize the significant overlap between their role and that of a teacher.

Much like any other type of coach, business coaches align your talents, goals, purpose and visions so your overall business efforts are successful.

Here is a summary of 3 different “learning methods” to see how Business Coaching can help your business:

All these learning methods have key characteristics and is important in their own way.

Teaching and Training

Teaching and training involve an expert teacher who imparts knowledge to their students. Although the best teachers will use participation and interactive techniques, like coaching, there is very definitely an imbalance of knowledge, with the teacher as expert knowing the ‘right answer’.

Coaching

Coaching involves the belief that the individual has the answers to their own problems within them. The coach is not a subject expert, but rather is focused on helping the individual to unlock their own potential. The focus is very much on the individual and what is inside their head. A coach is not necessarily a designated individual: anyone can take a coaching approach with others, whether peers, subordinates, or superiors.

Mentoring

Mentoring is similar to coaching. There is a general agreement that a mentor is a guide who helps someone to learn or develop faster than they might do alone. In the workplace mentors are often formally designated as such by mutual agreement, and outside of an individual’s line management chain. They usually have considerable experience and expertise in the individual’s line of business. A mentoring relationship usually focuses on the future, career development, and broadening an individual’s horizons, unlike coaching which tends to focus more on the here and now and solving immediate problems or issues.

Counselling

Counselling is closer to a therapeutic intervention. It focuses on the past, helping the individual to overcome barriers and issues from their past and move on. Here, the focus may be either internal or external.

My conclusion

The term “coaching” means many different things to different people, but it is generally about helping individuals to solve their problems and improve their performances.

It doesn’t matter whether coaching is used in sport, life or business, the good coach believes that individuals always have the answer to their own problems. They just need help to unlock them.

Business coaches are typically expert entrepreneurs who know what it takes to make a business successful. Much like any other coach, business coaches work to refine your talents, hone your goals, guide your decisions, and do everything else that they can do to ensure that you and your business are successful.

Business coaches start by learning everything that they can about your brand, from its value propositions to its target customers to the challenges it will face and beyond.

Next, a business coach will work with you to set beneficial and attainable goals for your team. These goals will be ones that you need to hit to efficiently grow and achieve the vision you lay out.

Throughout this entire process, business coaches serve as an invaluable source of personalized information and advice.

I like to refer to Business Coaches as your flashlight towards thriving.

Here are 10 Benefits of Business Coaching to help your business:

• Improve your self-confidence
• Elevate your relationships
• Gain clarity on your dreams, desires, and goals
• Develop a growth mindset to find better solutions
• Create new ideas, perspectives, and habits
• Enhance your work-life balance and increase your overall productivity
• Helps you to take actionable steps to create real changes
• Find new insights and become self-aware
• Become more accountable and get real results faster
• Learn how to take advantage of your strengths and resources

Business coaches can also help you to build a new business from the ground up, advising you as they go through the process of setting up your business. Defining your mission and goals, and putting in place both long-term and short-term strategies for your business.

Likewise, a business coach can help you in growing your empire as they figure out how to take your business to the next level. Along with improving the operation and growth of your business, though, such coaches are also able to ease some of the burdens you experience and will help to make your journey easier and more enjoyable.

When should you consider investing in a Business Coach to help your business?

• Ready to achieve your goals and be more successful
• When You’re struggling and lacking self-confidence
• Feeling stressed or you’re going through a big transition
• Trying to understand yourself better and identify blind spots
• Want to make better use of your time, resources, and abilities
• Need honest feedback and new perspectives
• You want to reach your full potential
• Taking the next steps and ready to make an impact by leaving a legacy
• Boost your overall well being, live a purpose driven life and reach your freedom goals

Overall, in 2018 I decided to invest in a Business Coach to help me live my best life!

And since then, I also invested in becoming a business coach to other entrepreneurs.

Business coaches are typically experienced entrepreneurs and business owners themselves who decide to use their talents for building and growing a business to help other business owners reach their goals.

This just seemed to be the natural next step for me.

For a fee, a business coach work alongside executives and entrepreneurs to help them define their goals, polish their vision for their business, and set in place a series of strategies that will help them achieve their goals and live a purpose driven life.

While running your own business can be very rewarding, there’s no denying that it can be very demanding and stressful as well. This is doubly true if you are running an entire company all on your own. I know, I have been doing this for more than 16 years now.

So, when you are ready and do decide to work with a business coach, you will have someone in your corner who assists you through challenges and serve you with experience and expertise you can rely on.

In this way, business coaches make the lives of entrepreneurs much less stressful, which is a priceless benefit in and of itself.

Common Business Coaching Questions

If you are considering hiring a coach, you might have a lot of questions. While we’ve already covered many of these questions such as what business coaches do and how they can be of help to you and your business, here are a few more frequently asked questions to help you:

Q: What is the first meeting with a business coach like?

A: When you first meet with your business coach, the number one priority is going to be for the coach to learn more about you and your business so that they can specifically tailor their advice to help you. You can expect a friendly encounter and an enjoyable discussion about your business that will eventually transform into your business coach offering you specialized advice about the goals that you should set for your business and how you should go about meeting those goals.

Q: Can business coaches help me grow my business?

A: Business coaches can certainly help you put strategies in place to grow your business if that is your goal. However, growing companies is not the only service that business coaching provides. Such coaches also work to help make you more productive, make your job and running your business easier, and help you achieve all aspects of your vision for your company, including but not limited to its growth.

Q: Can my small online businesses benefit from business coaching?

A: Small online businesses are certainly able to benefit from business coaching, perhaps even more so than large corporations.

The issue is that many small business owners are not able to afford or access top-quality coaching. This is why I help 5 entrepreneurs for one month, or 20 hours, for $1. I designed this $1 Business Coaching to be a program that is affordable and accessible to all types of entrepreneurs.

Since working with many heart-centered entrepreneurs, I came to the revelation that people who pay, pay attention. During my journey as entrepreneur, I received many “coaching” & “mentoring” sessions for free, but I never took my homework serious and implemented what I learned until I started paying for coaching.

If you could partner with someone that can help you to build a profitable online business, grow it into a successful empire and help you live your best life, would you invest in such a partnership?

You are welcome to apply for the $1 Business Coaching program that might just be the breakthrough you are looking for!

If you need further advice on how a Coach could benefit you, or how to take the next step, or if you just need a helping hand to show you how to move forward, do reach out to me for a FREE discovery session.

You are also INVITED to join my FREE Facebook Group, PROFITABLE ONLINE CREATIVES, for a community of Entrepreneurs and Small Business Owners to help, support, and empower each other!

See you online!