What is business coaching?
Business coaching is a sharing of expertise, mentoring, support, accountability, planning, and implementation. The right coach for you will add value to your business by setting and reviewing goals and helping the businesses focus on what is most important. Additionally, a coach will help you look at why you are in business and identify areas of business that possibly you were not aware of to achieve success. You don’t know what you need to know until you become aware.
The aim of business coaching is to help you and your business develop successfully in the way that you want. Business coaching can teach the skills needed to grow your business, the ability to raise targets and focus time and attention on what really matters. You will get independent and objective advice to help you make decisions.
What are the options for business coaching?
You are in control; you may need to consult with a few coaches to identify what are your specific needs and find a coach you can identify with and like their approach. You can have one to one coaching, coaching workshops or virtual coaching. These sessions can be weekly, fortnightly, by video, phone, or email, or whatever you agree with your needs. It is important to remember it is about your solutions.
What are the benefits of coaching?
Business coaching will help you achieve your goals and identify any specific needs; however, both of these may increase with coaching. Accountability is a major benefit, many of us need support to remain focused and not to procrastinate. Coaching will unleash both you and the company’s potential and bring about changes, growth, and long-lasting business results. Coaching can help a new business or transform and improve an existing business. The right business coach can help you develop staff, enhance performance, improve productivity, and work-life balance, and generally help overcome obstacles and challenges. Business coaching can also help you develop a business plan, a sales and marketing strategy, develop confidence and interpersonal, time management and organizational skills as well as improve overall performance, productivity, and effectiveness.
How does it work?
By focusing on your specific needs, which often change over time. Business coaches take an impartial look at your business, its strengths, and weaknesses and work with you to get the most out of the business. Depending on your needs, you may agree a time period or have an open-ended agreement. The depth of support required, and the time frame will dictate the frequency of the sessions. This helps keep a tight focus, generates more commitment, and encourages you to take the action necessary between sessions. Knowing you will be talking to your coach on a regular basis is a real motivator to make changes. You should become more focused, organized, and structured.
Why does coaching work?
Coaching is effective because you have the coach on your side to help you focus on what matters most to you. Because you agree to regular sessions you focus and commit, become more organized and structured. Coaching is personal; it is about you as well as your business. It will develop your personal needs and strengths as well as those of your business.
What is the difference between business coaching and business consultancy?
Business coaching will help you to clarify the most important goals and aims for your business, helping you take and keep control. It can teach you techniques and skills to make the right decisions.
Business consulting on the other hand is much narrower and will focus on business aims, objectives and targets and how to achieve them. The business will be analyzed to see how it operates and you will get advice how to improve profits or run it better. It can be particularly useful for specific projects, rather than ongoing business support.
We combine the two to give you maximum support to remove any barriers to business growth.
What type of coaching models are there?
There are a few different coaching models. Many coaches follow what is known as the GROW model. The GROW model is applied to many forms of coaching, whether it be in a business, life or sport. You work through the GROW model and continually review your progress towards achieving your goals, which are often surpassed by further goals.
G – goal
Your coach will ask you lots of questions to establish specifically what it is that you want to achieve.
R – reality
Identify where you are right now in terms of meeting your goals, the progress you’ve made so far and any obstacles that might be getting in the way.
O – options
You will be challenged to look at all the options open to you. You will look at things that you could do, but not necessarily should do.
W – will or way forward
You turn your ideas into action points. You will agree with your coach what you will do and when you will do it by. This will be reviewed at your next session.
Do you think you would benefit from a business coach supporting you with the sustainable growth of your business?
December 19th, 2020