Some entrepreneurs who want to scale their companies and fast-track their growth hire a business coach to help them get there. These coaches often have years of business experience themselves and can help you take your business to new heights. But is it worth the time and expense? If you are on the fence about hiring a coach, take it from the members of Young Entrepreneur Council: It’s worth the investment. Below, 10 members each shared one of the biggest benefits they have experienced from hiring a business coach and why they suggest others follow suit.
1. They'll Help You See Your Blind Spots
Good business coaches are there to help you see the blind spots. As entrepreneurs, we often get into the weeds of our business and it's hard to see the "forest from the trees." My business coach has given me a lot of succinct points about my brand and my operations that I never thought of. My recommendation for finding a business coach: Use your network. - Jean Ginzburg, JeanGinzburg.com
Good business coaches are there to help you see the blind spots
2. They Can Serve As Your Compass
A business coach can serve as your compass to make sure you are heading in the right direction. Over the course of years, even small changes in your direction can lead to dramatically better results. It is easy to get caught up in the day-to-day of running your business. A business coach serves as an important objective third party to regularly check in to make sure that you are on the most direct path to your ideal destination. - Doug Bend, Bend Law Group, PC
3. They'll Help You Close Your Knowledge Gaps
Oftentimes, the biggest hurdle to success is that you don't know what you don't know. You can't Google your way out of a problem that you aren't sure how to articulate—or worse, how to anticipate. I've invested six figures in business coaches over the years and can directly attribute much of my success to what they've taught me. I've always believed that the best investment you can make is an investment in yourself. Business coaches are great accountability partners to help ensure you're learning, growing and evolving. - Brittany Hodak, Keynote Speaker
4. They'll Unlock Your Self-Imposed Limits
I have had two business coaches over my career and they have been amazing at helping me unlock my self-imposed blockers. The biggest pro is having an outlet to be heard and to have someone who can help you process a circumstance or feeling in a thoughtful way. We spend so much time building a cage around ourselves as entrepreneurs that is totally self-imposed. It is the cage of being right. The cage of saying "yes" when we should say "no." The cage of compromising our standards and then blaming others because of it. The cage of being a victim to a situation we created. Having a coach has helped me see this and has equipped me with skills and tools to better self-manage. - Russell Benaroya, Stride Services.
5. They’ll Offer Unbiased Third-Party Insight
One pro for hiring a business coach for yourself is that it allows you to get constructive criticism from someone that doesn’t necessarily know you. If you ask your co-workers, colleagues, friends or family members what you need to do better, they may be biased in their opinions and they may not understand the strengths and weaknesses of your organization, where your company fits in with your industry, your management and leadership style or the way you run your business. However, if you hire a business coach, they will understand what your wants, needs and desires are. They will understand why you react the way you do in certain situations. And if they have industry-specific experience, they will be able to offer you insights that other people in your circle may not be able to. - Amine Rahal, IronMonk Solutions.
6. They'll Hold You Accountable
A business coach is more like a person you're accountable to. My coach makes me face something I'm scared to do at times. Having a business coach has really forced me to have fierce and tough conversations with some of my team members that I’ve been putting off for a long time. She holds me accountable, and because I do pay to talk to her I then feel guilty if I don't follow through on what I said I would do. I have more time to focus on mind-sharing and improving myself to grow further. There's no more isolation and loneliness now that I have an executive business coach who helps me to get through any roadblock. - Daisy Jing, Banish
7. They'll Open Your Mind To New Habits And Ideas
No matter what level of success you have attained, there is a tendency to stay in your own lane and not observe habits and patterns that have been successful for others. A strong business coach can help increase awareness of methods and keys to success that have worked for other people and may be analogous to your own situation. As an attorney, I worked with a business coach from a sales background in order to perfect my intake flow. I was able to glean many insights that I never would’ve thought of. At the end of the day, venturing outside of your own industry could offer strong insights that you can bring back to your day-to-day routine. - Ryan Bradley, Koester & Bradley, LLP / White River Consulting, LLC.
8. They'll Help You Navigate Challenges And Meet Goals
One of the best investments you can make is in yourself. If you find yourself struggling in your professional career, or desire to increase your sales or improve your business relationship, then a business coach is an invaluable asset. One of the major advantages of having a coach or mentor is that they help you navigate through challenges and meet personal goals with their insights. I personally have a mentor who has achieved what I desire to accomplish in the future, and I’ve been able to fast-track my growth by cutting through learning curves and avoiding the mistakes he made in his professional life. Sometimes, all you need is an expert to highlight something that was in front of you all along. - Kelly Richardson, Infobrandz.
9. They Can Pave The Way For Your Success
Steve Jobs once said, "We hire smart people so they can tell us what to do." Where, if not coaching, could this apply to more? This isn't just about experience, networking or being a good mentor or inspiration. A smarter person is simply better able to put the pieces together for you and prep your way through the jungle. That being said, "intelligence" in this case doesn't necessarily only relate to someone's IQ, but rather to their overall competence and knowledge in their respective field. - Joey Bertschler, dorfnetz.li.
10. They'll Keep You On The Right Track
One of the biggest benefits of hiring a business coach is that they will help you stay on the right track. Building a business is tricky, especially if you're a startup. Many people get overwhelmed by the amount of fires they have to cease. It's also very easy to get distracted by all the opportunities that come your way, but you can't possibly do it all and I don't think you have to. The key is setting the goals, developing the action plan on how to reach these goals and executing to make them happen. A business coach is exactly the kind of an expert you need in your life if you want someone to help you stick to your plan and make it efficient. - Solomon Thimothy, OneIMS.
Source: Forbes
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