How Exactly Does Business Coaching Work?

How Exactly Does Business Coaching Work?

Many small business owners and budding entrepreneurs wonder whether they really need a business coach. They feel that they would be able to learn the ropes on their own and with some guidance from experienced peers and mentors within the industry. While you would be able to gain some information and knowledge from these avenues, it doesn't compare to the guidance, advice and support that a professional business coach can provide.

 

An experienced business coach will give you very honest feedback as well as customise small business solutions that will help you think very strategically about your long-term goals. In the process you will also be able to increase your revenues and profits, build a solid business that is sustainable and profitable.

 

While every business coach will have a different approach to how they work with their clients, there are some basic steps that will be followed. Take a look at how business coaching works:

 

#1 Meeting your coach

 

When you approach a company that provides business coaching services, you would have to provide some information about your business and yourself. This session may be free; you will have a detailed talk with the coach you have selected. The discussion will include looking at your business from the business coaching perspective; your coach will also help you gain more clarity about what things are acting as hurdles in your path. You'll also understand the steps you would need to take in order to produce certain immediate results as well as a long-term change. This session will also help you identify whether the person is in-sync with your requirements.

 

#2 Comprehensive assessment

 

In the first official session as a client, your business coach will have a comprehensive discussion with you about where your business currently stands; they will also discuss aspects such as marketing and sales as well as management and leadership. Your coach will work closely with you to help you prioritize and establish the next steps. They will also give you all the tools you require to solve some of your most prominent frustrations.

 

#3 Goal-setting

 

Once the most immediate needs have been addressed, your coach will then provide you all the tools required to pen your three or five-year vision; and establish your long-term goals. You will be asked to create a picture of what you have envisioned for your company; which will be a reflection of your values and how these can be expressed through your business' feel and look, your company's culture, its location and scale, your product mix, target market as well as the desired financial results. You will notice that you have a solid plan that gives you a crystal clear view of where you stand right now and where you eventually want to be.

 

#4 Accountability

 

This is probably one of the most notable benefits of having a business coach by your side. As a business owner, the only person you are accountable to is yourself; that also means you may sometimes end up slackening the reins on yourself. However when you have a business coach who holds you accountable for the business decisions you take, that helps you stay on track; you are able to relate to your business better and achieve results much faster.

 

Keep in mind that your business is a delicate balance between the people that work for you, and the systems you use. An effective business coach will help you build a business that ties these two aspects seamlessly together, so that you are able to grow your business and balance your personal life as well.

 

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Rated Articles

How your company can adapt to the Digital Revolution

Over the last couple of years, technological innovation has brought about a rapid change in the customer service landsca

LEARN MORE

Will Marketing Automation Help Your Business Grow?

Marketing automation software can benefit your business in a number of ways. It is a great way to increase traffic, enco

LEARN MORE

How CRM Can Maximize Customer Lifetime Value (CLV)

"Keep your customers always on the frontline," this is a key philosophy to running a successful business. Customers are

LEARN MORE

Recently Viewed

How I changed my Facebook Business Page Name

I started a Facebook page for my business many years ago. I had spent thousands of dollars running ad campaigns and gain

LEARN MORE

How to choose a Business Coaching Franchise in Australia

Choosing a Business Coaching franchise that is a good fit for you is important if you want to ensure your success, and m

LEARN MORE

The No-Fail Secret for Creating Engaging Presentation

Not everyone can boast that he is good at creating professional presentations. But let's face the truth: this is a must-

LEARN MORE
  • Over the past 6 months the incredible team at MMP have supported us to shift our attitude towards our business & month on month our revenue is increasing to the point we will be able to employ additional staff to support our business goals long into the future. Do not regret our decision one single bit!

    • Emma Reece

  • Working with my coach has enabled me to see the areas where my business is failing. This was pretty confronting to me to be honest. MMP has the tools to improve these areas and the guidance on how to implement them.

    • Sharon Robinson

  • I have been working with Max My Profit for approx 3 years now, and over that time I have learnt a lot of things about not only what it takes to run a business, but I have also learnt things about myself. I don't believe i'd be the person or have the business I have today if it wasn't for Max My Profit and our Business Excelerator. Great team to work with if you want to take your business serious!

    • Ben Choy

  • As a new client for Max My Profit (MMP) it has taken no time at all to realise the benefits of business coaching. Despite many years of senior management experience starting a new business requires best practice systems and processes built on a solid platform of detailed planning. I look forward to the benefits of adopting the formula being shared by MMP.

    • Campbell MacLeod

  • Max My Profit Are truly awesome at what they do. They have helped me over the past 12 months to get off the tools in my business and start working on my business. I am looking forward to 2019 with enthusiasm not concern. Thanks so much.

    • Aaron Kemp

  • If you are committed to Growth the Max My Profit Team has the tools and expertise to excelerate all areas of your life. They Care, They Listen, They Understand You as an Individual first then they focus on Your business. Thank you Max My Profit my rating is a 6/5 - Kindest Regards The Mr Handyfix Team

    • Catherine Kavadas

  • The team at Max My Profit are an absolute pleasure to deal with. I love working with a team who is on top of what they are doing and have a clear view of what they are working on with you and helping ensure you get to the end goal.

    • Lauren Watts

  • I have been working with MaxMyProfit over the years and what they do for SME's in growing their business is fantastic. Also due to there knowledge and their supporting material for companies across the 5 lifestyle stages and assisting them through this process day in day out is extremely comforting as a small business owner and have referred them many businesses over the years.

    • Steve Laingy

  • Working with a business coach from MaxMyProfit has been one of the best things I have done for my business. I had several other coaches before MaxMyProfit but these guys are a step above the others. I have seen a significant increase in sales, now have a business that can run itself and the coaching program has paid for itself many times over.

    • Matthew Kitchin

  • Much more than just business coaches. There is an absolute treasure chest of business knowledge in their members site.

    • Iain Campbell

  • Max My Profit are unique as they really partner with you to develop and implement a plan that will drive success for the business. I was hesitant to proceed as previous business coaches tell you what to do and rely on you to implement.

    • Michael de Haan

  • I attended one of Max My Profits introductory events in Melbourne. Having been an accountant for almost 30 years, I was somewhat sceptical. Boy was I wrong. I not only enjoyed the presentation, but I gleaned so much from just that session.

    • Daniel Odd

  • These guys are an absolute wealth of knowledge for Small Business. The programme and support networks they have set up ensure learn more every day and can take your business from good to great. Thanks so much.

    • John Butler