When Should you Hire a Business Coach

How would you know that when should you hire a business coach, this blog will share with you signs that will tell you that it's a high time you need to hire a business coach for yourself.


When Should you Hire a Business Coach

Running a business is a roller coaster. One day your day is productive and things are looking great for your business, and the next, you feel like everything has been derailed and you are falling. Plenty of business owners go through this roller coaster, and many reach certain milestones during their business’s life when they say, “I’m not sure what to do next.”

“Who, exactly, seeks out a Coach? Winners who want even more out of Life.” - Chicago Tribune

Hiring a business coach will provide you with objective insights into how to run your business better, increase sales and improve your skills as a CEO. In this article, we’ll lay out five signs to indicate it might be time to hire a business coach.


1. Stuck in Business & Life

When Should you Hire a Business Coach

What if your growth has dipped, or worse still, has stopped altogether? Many may simply ignore it, thinking not too much about it, happy to still be paying the bills. But again to stress, you cannot maintain flat growth. You will eventually start to slide backwards, meaning your only recourse if you cannot halt and reverse the trend and get back to positive growth is to start cutting cost. Now I don’t want to go so far as to say that this is the death spiral of a company. I’m not implying that at all. But do see flat growth as a red flag and do wake up to it rather quickly- because it’s time for a change. With that in mind, let’s reflect our financial growth YOY and brand position in the current market dynamics this will tell you that you should hire a business coach for yourself & your company to get you “unstuck.”


2. You’re overwhelmed

When Should you Hire a Business Coach

A clear sign you’re overwhelmed is when you constantly wonder when the last time you had a vacation or went home on time was. If you’re feeling this way, you need to ask yourself the hard question of whether the tasks you do on a day-to-day basis are moving you towards your goal. More often than not, business owners find they’re spending too much time on activities that aren’t productive, even though they might seem productive in the moment.

Being overwhelmed can also lead to feelings that you cannot turn to anyone else in your organization for answers. You might also start only using your ideas even if you know in the back of your mind that someone else might have a better idea.

A business coach will objectively look at your daily tasks and how you do them. From there, they can list which tasks should be delegated and how you can effectively perform the tasks that need to stay under your purview.


3. Looking for Massive Turnaround

When Should you Hired a Business Coach

A business coach can help you see and build on your strengths, and boost your belief in you and your business. Solo business owner works only under the beliefs they hold, which can hold him back. Business coach can challenge your thinking so you can see more options and avoid having limiting beliefs sabotage success. Most business owners can do and grow more than they think. A business coach can help you see the bigger picture and set larger goals. Especially if you’re a DIYer in your business, you can get overwhelmed with tasks and busy work. A coach can help you identify the actions to focus on and give you time management strategies and business growth strategies for massive turnaround.


4. Frustrating & Unclear

When Should you Hire a Business Coach

Business owners started are typically jacks of all trades and have had their hands in all parts of the business. They often have a hectic and urgent air about them, which, when they take a step back to lead the company, can be a hard habit to break. Startup entrepreneurs will often find their time occupied with performing tasks that could easily be delegated to a lower-level employee, it is the time when you should hire a business coach. A business coach can help you establish your role and responsibilities as business owner. Writing out your responsibilities in conjunction with your business’ strategic goals can help you directly connect your activities with the outcome you’d like based on the goals. A business coach can also help you let go of the impulse to do everything in the company.


5. You’re in a rut

When Should you Hire a Business Coach

Have you been feeling indecisive about growing your business? Even with having an ambitious entrepreneurial spirit, disrupting your operations can be a daunting decision that is difficult to make. Instead of falling into a rut, employing a business coach can give you guidance with brainstorming and implementing a strategic plan to successfully grow your business.

There is saying that essentially states that nobody is smarter than everybody. With the help of an experienced business coach, you will gain new perspective and confidence in planning and executing strategies.


6. Innovation, Diversification & Scalability

When Should you Hire a Business Coach

When you’re see that you business needs new strategies or innovation to scale then you should hire a business coach. A business coach will help you to innovate and share with you new trends and market dynamics, you can have an unbiased discussion with your business coach to get revolutionary ideas. This will help your business grow faster and scalable there may be challenges while you scale your business but with coach you can easily ace those challenges.


7. Personal Skills & Performance Growth

When Should you Hire a Business Coach

Whether you have been commended for your natural leadership skills or know you lack confidence when it comes to your ability to lead a company, everyone can find ways to improve themselves. Having strong leadership skills at the helm of the company will only improve your company's culture and success.

Leadership doesn’t have to be — and shouldn’t be — the only skill you want to develop as a business owner. To keep your business ahead of the curve, you might need to develop skills in negotiating, finance or a new technology.


8. Personal Accountability

When Should you Hire a Business Coach

Perhaps you’ve written down your goals for yourself and your business, but you just can’t seem to meet them. Before you think “these goals are too lofty,” you should ask yourself if you’re really pushing yourself to do everything you can to meet those goals.

Everyone knows it’s all too easy to break a promise to yourself.

Instead of calling upon a spouse or friend to keep you accountable to your business goals (and to risk damaging those relationships), you should enlist the help of a business coach to whom you will be accountable. A business coach will not only be your accountability buddy but will also be able to look at your tasks objectively and tell you where you’re losing time and effort


When Should you Hire a Business Coach


If you are facing the same challenges then its high time you should hire a business coach for yourself and your business. This will help you a lot and you will see the changes happening in front of yourself.

“Coaching...offers the chance to visualized your highest goals and stay on track to achieve them.” - Central New York Business Journal

Research by the International Coach Federation has shown that, of small business owners that have hired a business coach, 70% have seen increased work performance, 86% have seen a return on investment and an impressive 99% of entrepreneurs were happy that they made the decision to hire a business coach.


References:

https://www.groovehq.com/blog/hiring-a-business-coach

https://www.forbes.com/sites/forbescoachescouncil/2017/06/30/five-signs-you-need-a-business-coach/#389f292a5c88

https://www.thealternativeboard.com/blog/8-signs-need-business-coaching-services

https://freelancetofreedomproject.com/should-you-hire-a-business-coach/

https://www.inc.com/debra-maldonado/3-things-to-consider-before-hiring-a-business-coach.html

https://www.inc.com/young-entrepreneur-council/8-convincing-reasons-you-should-hire-a-business-coach.html

https://www.entrepreneur.com/article/275408

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