What is Business Coaching and do I need it?
Even the Worlds best athletes need a coach to keep their heads in the game, and simultaneously aware of the bigger picture in the context of each win or loss. Coaches are there to listen, assess the athlete’s situation, push their potential, and keep them on track to their performance goals. In the same way, a Business Coach unlocks their clients potential by harnessing their skills to maximize their performance, achieve growth, scale & freedom on their own terms.
Using a coach can allow you to externalise your thinking, get feedback on ideas, situations and obstacles. A coach can lend both support and challenge to your thinking and behaviour, often highlighting or drawing attention to areas where unknowingly your actions or beliefs are contrary to your intentions.
What benefits can coaching and mentoring deliver for my business?
Whether you need to unlock more capacity or performance, find better or smarter ways to approach challenges and opportunities or create a Strategic Road Map for the future development of your business, coaching can offer you the ability to chart a shorter course and enjoy a more comfortable journey to your desired outcomes.
Having someone external that’s not emotionally involved in your business or related to you in anyway can afford you perspectives that you’ll never receive from family and friends and other well-wishers. You can gain a structured approach to working towards improvements, know how, experience and ideas that come from working outside of your industry and across many industries simultaneously.
How quickly will I see results?
You can expect to see results within the first month. Our programs are designed to get you clarity and momentum within the first month so that you can start implementing and seeing results right from the get go. That doesn’t mean that you’ll double your profits or halve your work hours in the first 30 or 90 days, because making significant changes that are sustainable usually takes more work and a longer time frame.
Coaching is not a magic bullet. Life will still happen inspite of your joining a coaching program. Employees will still get sick, or move on, a new competitor might spring up or any other number of things that ordinarily happen will still occur and need to be managed. The difference is that you’ll have the support and resources to move through these issues faster and at the same time keep in focus the bigger strategic goals and actions.
Usually we find there are some quick wins that clients experience:
- A renewed sense of focus and engagement with their business and goals
- Reduced stress and anxiety
- Improved sense of control around the business’ trajectory
- Improved profit margins
- Reduction in hours spent working
- More days off
- Improved well being and health
- Capacity improvements that allow for revenue and profit improvements
- Increase in team morale and engagement
How do you measure and evaluate the success of coaching programs?
Progress towards your personal goals for your business and life is how we evaluate success. That’s why clearly articulating your goals in a way that is measurable and meaningful is a critical part of the early program process. From quarter to quarter it’s important to understand the relative contribution importance of each of your goals to your overall success.
Key measures of success often include:
Days not worked (Free days)
Percentage of milestones reached
Lead conversion ratio
Cash cycle improvement