No matter what stage your business is at, a business coach can make you work harder and progress faster than you would on your own. From providing a much-needed ego check to helping expand your network, a business coach can give you both the tools and perspective you need to go from point A to point B.
Based on their own experiences, 10 successful founders from Young Entrepreneur Council (YEC) discuss some the benefits to hiring a business coach.
1. You’ll go outside your comfort zone.
Especially for introverted entrepreneurs who run online businesses, like myself, it’s easy to become enmeshed in my own business world. My business coach has helped give me the push to step outside my comfort zone, meet new people and try new things in my business. Even extroverted entrepreneurs can get caught in ruts — a business coach will push you out of them.–Dave Nevogt, Hubstaff.com
2. You’ll get personal attention from someone who knows your business inside and out.
I’ve had a business coach for more than five years. The one aspect that a coach brings, that group sessions or mentors do not, is a keen awareness of your entire business and way of being. There are few times when someone is going to focus just on you for an entire hour, probing you about something that happened last quarter, an employee issue you had three weeks ago or your style of leadership.–Beck Bamberger, BAM Communications
3. You’ll finally have someone who isn’t afraid of correcting you.
Every great team has a coach. Think of the best NFL and NBA teams, which all have coaches. A coach is someone who’s not afraid to confront you and tell you when you’re doing something incorrectly. They have a proven method to success and can help you take your business to the next level.–Marc Devisse, Tri-Town Construction
4. You’ll learn how to make your ideas a reality.
Business coaches have one goal: to make your ideas into a reality. Although you may have many brilliant ideas for your company, sometimes it’s hard to know where to start and what to tackle first. Business coaches will evaluate your plans, assess if they are realistic or will be successful and set out a way that you can implement them correctly.–Miles Jennings,Recruiter.com
5. You’ll gain a needed confidante.
When you run your own company, it’s often hard to talk to people about your true concerns. Life partners, employees, peers and friends don’t get it for different reasons. At the same time, there’s a lot of noise in your head and around you. A business coach can provide that confidential, quiet space to focus, be a soundboard and problem-solve the priorities and challenges you face.–Charlie Gilkey, Productive Flourishing
6. Your networking opportunities will skyrocket.
The more you are involved with successful people, the more you will succeed. Aside from the other great points in this article, networking opportunities skyrocket when your business coach is out being an advocate for you. They know you and how you react in many situations. You will be top of mind in many cases when your coach is out meeting new people.–Drew Gurley,Redbird Advisors
7. You’ll make more money.
Simply, a good business coach will help you make more money. Every good coach, whether it be sports or business, has a process. Phil Jackson ran the Triangle Offense and won six NBA championships with Michael Jordan. Vince Lombardi won five Super Bowls creating what he called an Execution Strategy, combining spiritual and military discipline. Find your coach. Find your strategy. Then cash in.–Derek Hunter, William Roam
8. You’ll develop self-confidence.
The biggest “pro” is confidence. I attribute this to experience. My coach is 67 years old. He’s lived quite a life, from owning and selling businesses to failed partnerships, lawsuits and billion-dollar acquisitions. You name it, he’s done it. I leverage his failures and successes. He’s helping me achieve my goals, but also making sure I’m prepared for any situation that comes my way.–Jon Tsourakis, Revital Agency, LLC
9. You’ll be held accountable for what really matters.
A business coach can do wonders for busy entrepreneurs. As you run a growing organization, everything gets complex; you get busy and sometimes push off things you know are important. This is where a business coach comes in. You can discuss the vital things you need to accomplish in order to achieve your goals, and your coach will hold you accountable. That alone will make you more effective.–Jeff Cayley, Worldwide Cyclery
10. You’ll hear unbiased opinions.
One great thing about having a business coach is that he or she knows more about you than your business and will likely have no biases without your industry or company. This provides a great forum for unbiased advice based on your concerns as a leader. Good business coaches can lead founders to “aha!” moments and uncover solutions that people close to the business may overlook.–Brittany Hodak, ZinePak