Being a business owner can be immensely rewarding. However, it can also put you under a lot of pressure and stress. The business journey can be full of pitfalls and challenges and forks in the road where you may be agonising about what about how to move forward.
The good news is that you don’t have to travel this road alone. A business coach is not only a companion on the journey, but also a guide who can help you make decisions.
The benefits of working with a business coach
Just like being a new parent, running a business is a learning experience. You will often be presented with a new opportunity or challenge and having an experience guide to help you along the way gives you peace of mind.
Engaging a business coach is one way to speed up knowledge and achieving growth. You may be the founder of a new startup, or an experienced entrepreneur with three business ventures under your belt. However experienced you are, it’s helpful to have a sounding board.
A business coach will:
- Listen to your concerns – when you work with a professional business coach or mentor, this gives you a chance to express your concerns and business challenges openly. A coach will listen and offer guidance without judgement, giving you an independent sounding board to bounce your ideas off and brainstorm new strategies.
- Rubber ducky debrief – having the opportunity to express your concerns out loud often helps you to come up with answers yourself. Also known as the rubber ducky debrief, having to explain a situation to an inanimate object (like a rubber ducky) means you have to formulate the words and express the idea out loud – which often means that you will come up with the solution yourself. Expressing it to a human is even more powerful.
- Know your goals and aspirations – a coach gets to know your goals and aspirations, both professionally and personally. Because of this, they’ll provide tailored advice and support to help you meet these goals and fulfil your long-term vision for the business.
- Understand the workings of your business – when a coach has a deep understanding of the intricacies of your business, this can be immensely valuable. This knowledge allows them to offer specific insights into your industry, identify potential blind spots and suggest strategies that align with your unique business model.
- Share their knowledge and expertise – collaborating with a coach or mentor gives you an opportunity to tap into their wealth of knowledge and industry expertise. Their experience helps to provide valuable insights, advice on best practice in your sector and innovative ideas to propel your business forward.
- Hold you to account and push the envelope – as the boss, there’s not always someone on hand to help you meet your business goals. Your business coach will hold you to account and can challenge you to step out of your comfort zone. They’ll push you to explore new possibilities, set ambitious goals and overcome obstacles, all of which helps you to drive your personal and professional growth as a leader.
Talk to us about our business coaching services
As your bookkeeper, we know your business better than anyone. We’re perfectly placed to assist you in preparing for your meetings with your business coach and we can help you to put your new strategies in place.
Get in touch.
This post was originally written by BOMA and has been updated to make it more personal.
