As a successful entrepreneur or business person, you probably know exactly what you want and how to get it. You are driven, determined and a self-starter. So if you have all these great qualities, why would you need a coach?
10 Real World Benefits of Coaching
The personal benefits of coaching are as wide-ranging as the individuals involved. Many clients report that coaching has positively impacted their careers as well as their lives in many ways. Here are ten of the many ways that having a coach will benefit you.
1. Establish and take action towards achieving goals:
This is especially important for introverted entrepreneurs and solopreneurs who run online businesses as it’s easy to become enmeshed in your own business world. A business coach will push you to step outside your comfort zone, meet new people and try new things in your business. Even extroverted entrepreneurs can get caught in ruts and a business coach will push you out of them and force you to take action to strive towards your goals.
2. Regain clarity:
When you decide to become an entrepreneur, you start with great dreams and aspirations of growing a business, hoping to achieve great things. As the months and sometimes even the years go by, you start realizing that your business is yet to become what you had initially envisioned, and you have yet to implement all the ambitious action plans you once thought of. You may start seeing that you are so caught up in the day-to-day running of the business that you find little time to think and plan a strategy. Working with a coach will help you raise your head from the day-to-day business race and look at the bigger picture. Your coach will get you to start thinking about the future, where do you see yourself and your business, and get you to act on this vision by developing a winning strategy that you can execute with confidence.
3. Become more self-reliant:
The one aspect that a coach brings that group sessions or mentors do not, is a keen awareness of your entire business and way of being. There are few times when someone is going to focus just on you for an entire hour, probing you about something that happened last quarter, an employee issue you had three weeks ago or your style of leadership. By being totally focused on you, a good coach can show you the way and when you take the necessary action you will become far more self reliant when running your business, and your confidence will soar and you are on an upwards success spiral.
4. Increased Productivity:
Professional coaching maximizes potential and, therefore, unlocks latent sources of productivity. To be successful and to get to a point where you haven’t been before, you need to do something you haven’t done before. And this is really what separates real successful entrepreneurs from mediocre ones. A good coach will not only motivate and encourage you, he/she will point out the things you are good at but most importantly he/she will point out the things that you are not exceeding in and you need to improve. We all have blind spots and often the more successful we are, the harder it becomes to highlight and accept our shortcomings. Identifying blind spots means that you get to work on areas of yourself you haven’t addressed before, which will result in becoming more productive and more aware about you need to do to lead a more fulfilling life.
5. Positive attitude and increased self-confidence:
Building the self-confidence of employees to face challenges is critical in meeting organizational demands and you will get much more done if the people around you are positive and uplifting, rather than negative people who are always complaining and wear you down.
6. Greater responsibility and accountability for actions and commitments:
A coach will not only push you and challenge you to do and achieve your best, but will also hold you accountable for your actions. An experienced coach is able to detect when you are lying to yourself and when you are sugarcoating existing realities in order to avoid the pain of taking action.
This leads to –
7. Return on Investment:
Coaching generates learning and clarity for forward action with a commitment to measurable outcomes.The vast majority of companies (86%) say they at least made their investment back.
8. Work more easily and productively with others:
Finding ways to do tasks more quickly and efficiently and understanding that is a process worth investing your time in is an important skill and this includes working well with others and, perhaps more importantly, being able to delegate tasks to others (especially when you may feel like it would be easier to do it yourself). You need to think about the bigger picture, the long-term results of investing the time to train and delegate tasks to others.
9. Communicate more effectively by voicing your frustrations:
Whether you are a solopreneur or you have a team around you, there will always be certain things that you may not be able to share with those around you for a number of reasons. In a coaching relationship, you can share your concerns with the coach, knowing that you are in a confidential setting; your coach is always your biggest advocate and wants you to succeed in whatever you set out to.
10. Coaching provides an invaluable space for personal development:
This is an important, but often overlooked benefit, especially in the corporate world but is just as important for a company as an individual. Take this for example; managers frequently have to deal with employees struggling with low confidence. The traditional approach would be to send them to an assertiveness course and hope this addresses the issue. In the short-term, the employee learns new strategies for communicating which may improve confidence. Unfortunately, in isolation these courses rarely produce a sustained increase in confidence. Although external behavior may change; it needs to be supported by changes in their internal thought processes. This is often where coaching is most effective and it can be tailored to the individuals needs.
Okay, there you have it. Ten top ways that coaching can benefit you.
Do you have the knowledge and expertise in your niche that would enable you to become a coach? There is no greater feeling than helping others to succeed. If you would like to learn more about how you can start your own coaching program/business, take a look at Mentoring Magic here: warr.us/atgmen1