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When you open a business, new issues arise. Employees do not want to listen, suppliers are difficult to work with, and money is coming in slower than you like. Running a business will be one of the most frustrating endeavors you pursue. Some people who thought they were ready to open a business quickly realize they do not have what it takes and close. If you are at the breaking point, it may not be time to give up but to hire outside help. A business coach is what you need if you hope to become the leader needed to navigate your business through the undoubted struggles you will encounter.
A business coach is a professional looking to improve you as an owner. They understand for a business to succeed, they need an effective leader. Therefore, they will teach you the necessary skills or improve your skills to be the leader needed for your business.
A business owner may need a coach because the struggles of running a business may be too overwhelming. Most owners have a background in management but need to learn what it takes to run a business independently. The leadership skills are different, more work needs to get done, and any business shortcomings fall directly on the owner. A business coach will be able to slow things down, demonstrate what an owner’s tasks are, and set realistic expectations for them which will not overwhelm them or the business.
A business coach will provide the business with an effective owner and a business plan to guide them. With an effective owner, the business will have a leader who knows what it takes to run a business and inspire their team to follow behind them, with a plan which now provides a road map for them to follow and sets clear expectations for them to pursue.
The benefit of business coaching is they will set you on the correct path forward. They will provide you with leadership, and communication skills, help you develop a work-life balance plan, and give you a plan with goals you should aim to reach. They take a business which may be misguided and an owner who initially was incapable of running a business and turn them both into a well-oiled machine.
When a business coach gets hired, they will evaluate the current situation. They will assess where the business currently is and where it has the potential to go. They will then develop a strategic plan to reveal to the owner and who may make changes they see fit. The coach will then evaluate the owner and how well they lead the business. Once the evaluation gets done, the coach will teach the owner the necessary skills to be a better leader and how to communicate with their staff in a way which invokes trust and confidence. Once this gets accomplished, the coaches will watch the execution of the plan and provide motivation. And once this gets done, their job requirements have been fulfilled.
Eric’s leadership roles have always involved coaching and mentoring his team. He believes the best leaders focus on creating future leaders. Some of his proudest moments have been seeing those he’s coached accomplish amazing things.