As a leader, you might think you should have everything figured out already, but this simply isn’t true. While all of us have our talents, leadership skills are often something we have to learn along the way.
Enter the business coach.
A business coach oversees and guides a manager or founder in starting, growing, or developing a business. Like a sports coach, a business coach’s job is to help you develop the skills and resources you need to be successful. A coach is there to assist you in your business, not to tell you how to run your business — or to do it for you. They can see your shortcomings and provide you with the tools and resources to fill in those gaps to grow your business and improve your own skills.
No matter what stage your business is in — startup, growing or established — here are 8 signs that it may be time to bring in a coach into your business.
1. You Are Overwhelmed
One of the top signs that it’s time for a coach is when you hit that feeling of being overwhelmed. You are overwhelmed by feeling like there is too much to do and too few hours in the day to get everyone accomplished. You are overwhelmed by not knowing how much profit you are making at the end of your month. And you are overwhelmed because you don’t feel like you have control of your business, your employees, or your vendors.
2. You Need a Confidant to Talk About Your Business With
Standing center stage expects excellence. Who can you trust to speak without feeling exposed, or impairing your credibility or reputation within the organization or its clients? How would it feel to have a safe sounding board for honest feedback on your ideas and a partner to support you in the process of design, implementation, and evaluation? Time to hire a coach!
3. You Intellectually Know What to Do But Don’t Do It
You need a coach when you “know” what to do but don’t implement. Lack of change typically occurs because you need to experience some paradigm shifts that require someone with an outside perspective to challenge your assumptions and because you need someone to help you translate general principles into specific steps that you can take in your own life.
4. You Aren’t Getting the Results You Want
Sometimes we think we know the right path to take in our career growth or business growth, but we come to find it isn’t working. To get the results we want, we may need guidance from someone who can see things from a more objective view, not a subjective view. Turning to a business coach can increase ROI, surge active engagement, and allow one to remove obstacles that are precluding results.
5. You Want to Save Time and Money
If you’re in business or thinking about starting a business and thinking, “Wow, I could use someone to help me figure out the best way to do this,” you should be considering getting a coach. Going the “lone wolf” route can cost much more in wasted time and money, and that can all be avoided by working with an excellent coach.
6. You Find Yourself Listening Only To Your own Ideas
You need to hire a business coach is when you find yourself only listening to your own ideas. The higher up the ladder you are, the more people tend not to be honest and just comply. The same thing can happen to entrepreneurs because they have a tendency to work alone; they tend to only hear their own ideas. We all need checks and balances. A coach can help you.
7. You’re Feeling Stuck and Frustrated by Others
Einstein stated the definition of insanity is doing the same thing over and over and expecting different results. I hear this all the time. My clients often have a similar story reappearing in their lives in different ways. A great time to work with a coach is when you find yourself repeatedly frustrated by others around you at work, or if you can see that you have some unhealthy workplace dynamics, but you’re not sure how to really shift them. The unbiased perspective of a coach can be just what that executive needs.
8. You Want Your Company to Grow
If you’re alive and breathing as an entrepreneur, you need a coach. I’m not only a coach I am also the CEO of my company with multiple people in the organization. I’ve hired half a dozen coaches (and have 2 coaches), been the beneficiary of a couple of dozen mentors, and worked with multiple strategic partners. Your company only expands at the rate of your own growth. Find a coach you can rely on and get to work. The ROI is ridiculous.
Stop the madness and wishing your company can grow. Get the help you need to really have your business take off. It will be one of the best investments you ever made in your business and yourself.