Should I Invest in A Business Coach?

Ken Larson

Ken Larson

Running a business has its ups and downs. There are days where things are going great. You and your team are working together tirelessly toward your goals. Then there are days when it feels like nothing’s going right. Even when you achieve goals, you might not know where to go next.

It happens to a lot of business leaders. You want to grow your business, but you’re not quite sure how to make it happen. Sometimes, what you need is an outside perspective. That’s where a business coach comes in. The right coach can help you and your business along the path to success. 

 

What Is a Business Coach?

As a business leader, it can sometimes be a challenge to get a clear view of things when you’re in the middle of running a company. Yet it’s your job to work more ON the business than IN it. And due to a myopic view, you will most likely have trouble finding solutions to problems or even identifying problems in the first place. Or, perhaps you’re unsure of what goals to set because you’re not sure where you need to go next. 

In these (and other) instances, a business coach can be incredibly valuable. The right coach can help you get organized, set goals, and find a way to keep moving forward. In other words, they’re there to help you and your business succeed. The right coach can make all the difference, enabling you to take your company to levels you might have never thought possible.

Part of helping you grow your company is helping you become a better, more effective leader. Your coach will help you to take a step back and view your organization through a new, more objective lens. They can also work with you to assess the problems and challenges you may be facing and explore solutions to solve them. However, rather than pointing out different aspects of your organization that you could change, they’ll offer stories, examples, tools, resources, and professional experiences that might relate to your situation. Ultimately, you’re the one who makes all the decisions… then takes the necessary actions to achieve your goals and objectives.

In addition to this, business coaches can also:

  • Help you identify and clarify your purpose, vision, and mission.
  • Assist you with target, goal, and key performance indicator development.
  • Set you up with world-class systems, processes and tools.
  • Help you see your company from as many angles as possible in order to get clarity.
  • Provide motivation and encouragement.
  • Hold and keep you accountable.
  • Work with your leadership team to clarify, focus and act on what’s most important.
  • Help you build a culture of camaraderie, synergy and high performance.
  • Monitor and assist with your leadership growth and development, onto a path towards continual learning.

Some people often think that business coaches are for new or struggling businesses. The truth, however, is that any business leader can benefit from a little outside help. A coach can help anyone, from new business owners to the most well-seasoned leaders. 

Business Coach Vs. Mentor

You may sometimes hear the terms “business coach” and “mentor” used interchangeably. While they share many similarities, a mentor is someone who shares their personal journey with you to help you in your own endeavors. They’re business leaders, too. They guide you on a path similar to theirs while helping you avoid the pitfalls they may have experienced along the way. 

While business coaches also want to help you succeed, they focus more on helping you with specific tasks to grow your company. They may offer stories of other clients (not necessarily their own), assist with goal-setting, and keep you accountable along your journey. A mentor could help with some of the same tasks, but you learn from a business coach’s personal experiences. 

 

Should You Hire a Business Coach?

Are you wondering if a business coach is right for you? Here are a few signs you might benefit from their help:

You Want to Develop or Broaden Your Skills

Even the best in business can still learn something new. For instance, you might be a finance expert, but you have trouble with negotiating or delegation. A business coach can help you develop your skills so that you can become a more effective leader. The more you continue to expand and improve upon your skills, the better you’ll be. 

You Need a Different and Unbiased Perspective

There’s a saying that goes, “you can’t see the forest through the trees.” It’s a common problem for business leaders of all experience levels. You’re so involved in the details of a problem that you can’t see the problem or situation as a whole. A business coach can help you get out of the proverbial trees to view the bigger picture. They can also assist with looking at things through a different lens, making it easier for you to find unique and creative solutions you might not have considered otherwise. 

You’re Struggling to Meet Goals 

Struggling to meet goals (or not really having any) can be detrimental to the success and growth of your business. A business coach can assist with goal setting by first helping you to clarify your vision for your business. Once you know where you want to go, they can help you set realistic goals and the strategies you need to achieve them. 

You Want or Need More Accountability

It’s easy to say you’re going to do something and then not do it when there’s no one there to hold you accountable. Or, you might set some goals but then dismiss them as “too lofty” without ever checking to see if you’re doing everything possible to achieve them. 

A business coach can be the person you need to hold you accountable. They’ll be the ones that check in with you to make sure you’re following through with the plans and goals you create and continually push you to do your best. 

And remember… How the leader goes… so goes the business!

 

Are You Looking for a Calgary Business Coach?

A good business coach can be an invaluable asset to your organization. They can help you see things differently, allowing you to set effective goals and create strategies to achieve them. They can work with you to improve your skills (and develop new ones) to become your best. What’s more, they’ll push you to do your best because, like you, they want to see your business succeed. 

Once you’ve decided a business coach is the right investment for your company, it’s time to start your search. If you’re looking for a business coach in Calgary, Champion PSI is here to help. As your partner, we’ll work with you to establish the high performance habits your organization needs to achieve its long-term goals. For more information about our Calgary business coaching services and to schedule your free 30-minute consultation, visit Champion PSI today!

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