The Benefits of Hiring a Business Coach for Small Business Owners

I sometimes get asked “What’s the point of having a business coach?”

It’s a great question! I get it, most small business owners feel like they can do it all by themselves, and they definitely don’t want someone coming in and telling them what to in their business.

There are some big misconceptions about hiring a business coach but I can tell you that it’s not a coach’s job to come in and tell you to do things you don’t want to do!

It seems people can get confused about what a business coach does and how that can benefit them, so I want to show you some of the benefits of having a business coach in this article. You might even see how having a business coach is more of a necessity rather than a luxury.

I have had numerous business coaches myself over my 20 year journey in business and I can honestly say they have completely changed my business and life for the better. I would not even be in business anymore if it wasn’t for my business coaches and my life wouldn’t be filled with as much joy, abundance and inner peace as it is.

Something to be very aware of is that different coaches can work differently. We are not all the same, our methods and how we approach coaching our clients can be vastly different. This is why it is important to find the right fit for you when you hire a business coach.

The benefits of hiring a business coach

Small business owners are often faced with a lot of challenges; from managing finances, promoting their business, navigating supply issues or dealing with employees. It can be overwhelming, especially when you’re trying to grow and streamline your business. It can be incredibly hard to do all this on your own with little or no support.

Fortunately, hiring a business coach can help you overcome these challenges and achieve your business goals.

So here are a few of the many great benefits to hiring a business coach to help grow your business:

#1  Speeds up the learning and growth process

Growing a business is a massive learning curve! It doesn’t matter where you are on your business journey, whether you are making your first dollar or hundred millionth one, there will always be challenges and lessons you will face on the way to that next level of growth. A coach can help fast track your business growth by giving you guidance and strategies on the best way to move forward towards your goals.

#2  Gives an external perspective to see the gaps and opportunities

It can be hard to really see all that is going on when you are in the thick of your business. You can be caught up in the day to day running of the business and lose sight of the bigger picture. You could be oblivious to the gaps that need fixing before they turn big problems, and you might not see the amazing opportunities that are right in front of you ready to reward you with just a few tweaks. A business coach can see things from an external perspective that you probably aren’t seeing.

#3  Helps you gain clarity for where you are going

Ever feel like your mind is foggy when it comes to the direction or next steps for your business? It can be common for small business owners not to know where they are heading and what they want to create. An experienced business coach can help you get the clarity you need and get you out of that fog easily and quickly so that it doesn’t drag on and slow your progress.

#4  Gives you a sounding board

Got lots of ideas but don’t know which ones to take action on? Or you have a phenomenal idea but you need to nut it out in more detail? Or maybe you have an idea that you aren’t sure if it will work for your particular business. A business coach is a great sounding board because they can help you map out your ideas more fully, give you guidance on how to implement the ideas, as well as highlight some of the potential weaknesses that you need to be aware of.

#5  Develops sound business strategies

A business coach can help you develop sound business strategies that are specific to your business. Not all businesses are the same, and a particular strategy will not work for all businesses. This is where an experienced business coach can help you determine the best strategies for your business and improve your business’ performance. They can help you identify areas of your business that need improvement, and then work with you to create a plan to address these areas.

#6  Keeps you on track, focused and accountable

Having a business coach that you are talking to on a regular basis helps to keep you accountable and following through on what you say you are going to do. This massively helps to speed up the productivity and forward movement of your business growth.

#7  Helps you navigate and avoid challenges

Business can be incredibly hard. It can be lonely when you are the boss and responsible for everything. Plus some big curve balls are likely to be thrown your way that you will need to navigate. An experienced business coach knows their way through challenging times. They can help to give you perspective on the situation and then support and guide you through to better times. When you are having a bad week or month, a business coach can help you get back on track faster.

#8  Enhances your leadership skills

As a small business owner, you are the leader of your company. A business coach can help you develop and refine your leadership skills, making you a more effective leader and better able to make decisions, grow your business and motivate your team. This can lead to improved employee morale, which can in turn lead to increased productivity, improved company culture and higher profits.

#9  Creates better work-life balance

Running a small business can be all-consuming, leaving little time for anything else. Do you really want the other areas of your life to suffer for the sake of your business? A business coach can help you find ways to achieve a better work-life balance, which will likely lead to improved physical and mental health, as well as increased productivity and higher profits.

#10  Increases confidence and motivation

Growing a small business can be a challenging and uncertain journey. It will push you out of your comfort zone on a regular basis. A business coach can help you build confidence, expand your limits, and stay motivated, even during tough times. This can make your business journey much easier, lead to improved wellbeing and accelerate the results that you want to create in your business.

#11  Works through your inner blocks

We all have these inner blocks that slow us down or hold us back from the success that we deserve. It might be blocks around doing more marketing or sales activities, around putting yourself out there more, around looking at your financial position or around being a leader. Whatever your blocks are, a coach can help you work through these so that they aren’t slowing the growth of the business down because of them.

#12  Access to Expertise and Resources

A business coach brings a wealth of expertise and resources to the table. They can help you navigate complex business issues, provide valuable insights, and connect you with resources that can help you grow and streamline your business. This can save you time and money, as well as increase your chances of success.

#13  Gives you a trusted advisor and support person on your team

In a world where we often don’t feel supported or understood, having a trusted advisor that you can turn to for guidance and support through the crazy journey of business can be invaluable. A well fit business coach can be that person and I know my own clients say that this benefit is so valuable to them.

Honesty, look at all those amazing benefits! I often wonder why anyone would want to grow a business without a business coach since they really do provide so many amazing benefits. Hiring a business coach really can move the growth of your business forward much faster and easier than if you were to do it all alone. Wouldn’t you rather the journey was easier?

If you’re looking to grow and streamline your business and you have an established business that is ready for its next level of awesomeness then message me and let’s chat about how I can help you achieve that or visit the Work With Us page to see the coaching options.